|Bid||114.00 x 900|
|Ask||114.07 x 800|
|Day's range||113.74 - 120.49|
|52-week range||88.09 - 352.71|
|Beta (5Y monthly)||1.20|
|PE ratio (TTM)||9.59|
|Earnings date||31 Jan 2023 - 06 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||153.53|
Yahoo Finance tech editor Dan Howley breaks down Meta's plan to pull news content off of Facebook if Congress passes bill hoping to compensate news organizations on platform.
Shares of Meta Platforms (NASDAQ: META) took a fall today as multiple news items highlighted challenges the company is facing and seemed to remind investors of the company's reputational risk. Additionally, the company is facing a new threat from Congress, and it was even chastised by its own oversight board. EU privacy regulators ruled today that social media platforms like Facebook and Instagram shouldn't be able to require users to accept targeted ads through its terms of service.
The company is trying to save money in some parts of the business but won't sacrifice its metaverse vision anytime soon.