Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.
| Revenue (TTM) | $228.25B |
| Gross Profit (TTM) | $186.59B |
| EBITDA | $109.65B |
| Operating Margin | 34.80% |
| Return on Equity | 29.80% |
| Return on Assets | 14.60% |
| Revenue/Share (TTM) | $90.25 |
| Book Value | $102.52 |
| Price-to-Book | 5.75 |
| Price-to-Sales (TTM) | 6.35 |
| EV/Revenue | 6.68 |
| EV/EBITDA | 13.58 |
| Quarterly Earnings Growth (YoY) | -13.40% |
| Quarterly Revenue Growth (YoY) | 28.00% |
| Shares Outstanding | $2.21B |
| Float | $2.20B |
| % Insiders | 0.15% |
| % Institutions | 79.45% |
Volatility is currently contracting
Mark Zuckerberg's Meta built its apps to be addictive for kids and then lied to the public about health risks so it could rake in massive profits, a California prosecutor said as a historic federal trial kicked off Tuesday.
Reddit's rapid ad growth and expanding advertiser base give it an edge over Meta Platforms, despite a richer valuation and search traffic headwinds.
Meta Platforms (META) faces a major federal trial over alleged youth safety violations, with high financial and operational risks following recent legal losses. Disney (DIS), along with its ABC unit, has sued the Federal Communications Commission, seeking to block an early review of licenses for its eight ABC television stations.
CNBC's Julia Boorstin joins 'Squawk on the Street' to discuss opening statements in Meta's landmark child safety trial.
The case, brought by four state attorneys general, alleges that Meta violated state consumer protection laws and federal rules that protect children online.
Meta Platforms (NASDAQ:META | META Price Prediction) is caught in a strange moment.
A trial to determine whether Meta purposely made its apps addictive to children is underway in California. That's according to a report Tuesday (Aug. 18) from Reuters, which said the case marks the most significant test to date for social media platforms facing similar youth safety lawsuits.
Opening arguments begin Tuesday in the federal trial of Meta, the social media titan accused of deliberately making its Instagram and Facebook platforms addictive to children, with a coalition of states seeking $200 billion in penalties.
The state attorneys general behind the lawsuit are seeking severe financial penalties and changes to the way Meta operates its flagship social media platforms. The states have said they are seeking damages close to $200 billion, though Meta had claimed in court filings states are seeking damages totaling a whopping $1.4 trillion, a figure that nearly matches Meta's market capitalization.
Today, opening statements will be heard in an Oakland, California, courtroom in a landmark trial that could determine whether Meta Platforms, owner of Facebook and Instagram, designed its social media platforms to addict younger users, despite the company being aware of the danger its social media platforms presented to mental health.
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