Straits Times Index
3,287.75 -5.38 (-0.16%) S&P 500
5,006.19 -65.44 (-1.29%) Dow
37,796.30 -664.62 (-1.73%) Nasdaq
15,474.06 -238.69 (-1.52%) Bitcoin USD
63,666.04 -2,456.48 (-3.72%) CMC Crypto 200
1,373.16 -9.41 (-0.68%)
META Jun 2025 140.000 put
| Previous close | 1.0800 |
| Open | 1.1000 |
| Bid | 1.0600 |
| Ask | 1.6800 |
| Strike | 140.00 |
| Expiry date | 2025-06-20 |
| Day's range | 1.0800 - 1.1000 |
| Contract range | N/A |
| Volume | |
| Open interest | 852 |
- Yahoo Finance Video
Meta's AI spending: 3 reasons why it's worth it, analyst says
Shares of Meta (META) fell sharply Thursday, after the tech giant released its first quarter results and provided a softer outlook for the second quarter due to increased spending on artificial intelligence (AI) and operational investments. RBC Capital Markets Internet Analyst Brad Erickson joined the Morning Brief to discuss Meta's spending plan. Erickson views the pressure on the stock price following the report as an "overreaction." He notes that although Meta beat on revenue and guidance figures, "the issue was obviously cost." Despite the potential for increased costs, Erickson emphasizes that the company is "still very very focused" on controlling expenses. However, he highlights that the money spent will be invested in areas such as infrastructure for "product development in the future." Erickson notes Meta's investments into AI and operational spending serve three key purposes: First, it helps them develop "probabilistic models" to enhance the performance of ad campaigns. Second, it aids in recommending content, thereby improving the algorithm's effectiveness. Lastly, it increases "users' utility of Meta." Erickson believes that these factors contribute to future revenue growth, balancing out the increased spending. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Yahoo FinanceMeta stock slides over 12% after second quarter outlook disappoints
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
- Yahoo Finance Video
Biden signs TikTok ban bill: Why this matters for businesses
President Biden has officially signed the bill giving TikTok's parent company, ByteDance, nine months to divest from the company or else the app will be banned from the US. While the fallout has yet to be seen, there is a potential for this legislation to affect businesses as many companies and entrepreneurs have used the popular social video app to market their products and services. Front Row CEO Yuriy Boykiv joins Wealth! to break down the impacts a TikTok ban will have on businesses, both large and small, and their ability to market themselves and grow through user exposure. "There are a lot of alternatives. At the moment, TikTok is a dominant player for attention, predominantly for Generation Z and Alpha. If you think about the monthly user base, it's about on average a million users per month. 100,000 of those are influencers so 1 out of 10 users are influencers and those influencers are driving a lot of demand for the products that are eventually sold somewhere..." Boykiv explains. "The idea that TikTok will be banned fully has not really registered yet, in my opinion, in marketers' mind. But even if it happens, because Instagram and Facebook, which is Meta (META) essentially, adapted to the vertical format of video, the idea is a lot of those same users and influencers will move to Facebook and Instagram." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
