Welcome to our dedicated page for Meta Platforms news (Ticker: META), a resource for investors and traders seeking the latest updates and insights on Meta Platforms stock.
Meta Platforms, Inc. reports recurring developments across its social, messaging, advertising, artificial intelligence, and immersive-technology businesses. The company’s core app ecosystem includes Facebook, Instagram, Messenger, and WhatsApp, and its revenue base is tied primarily to digital advertising across those services.
Meta news commonly covers quarterly and annual results, conference-call announcements, cash dividends on Class A and Class B common stock, AI infrastructure and data-center supply agreements, and product or technology updates. Company and shareholder communications also address content moderation, platform enforcement practices, youth-related scrutiny, and legal or regulatory matters in the United States and European Union.
Meta Platforms announced a postponement of the change to its Class A common stock ticker symbol to Q1 2022. The initial plan was to implement this change on December 1, 2021. Until then, Meta's Class A stock will continue to be traded under the ticker 'FB' on NASDAQ, a symbol used since its IPO in 2012. The company aims to keep investors informed about the upcoming symbol change ahead of its effective date.
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META, the Roundhill Ball Metaverse ETF, has surpassed $500 million in assets under management, achieving this milestone just two weeks after reaching $250 million. The surge in interest for the metaverse is demonstrated by the significant increase in SEC filings and media coverage. The ETF aims to provide investors with exposure to the metaverse, closely tracking the performance of the Ball Metaverse Index. Major holdings include Nvidia, Roblox, and Microsoft, highlighting the diversified focus on leading technology and gaming companies.
META, the Roundhill Ball Metaverse ETF, has surpassed $500 million in assets under management, achieving this milestone just two weeks after reaching $250 million. The surge in interest for the metaverse is demonstrated by the significant increase in SEC filings and media coverage. The ETF aims to provide investors with exposure to the metaverse, closely tracking the performance of the Ball Metaverse Index. Major holdings include Nvidia, Roblox, and Microsoft, highlighting the diversified focus on leading technology and gaming companies.
On October 28, 2021, at Connect 2021, CEO Mark Zuckerberg unveiled Meta, the new company brand uniting Facebook's apps. Meta aims to create the metaverse, enhancing social connectivity through immersive experiences. The annual event showcased the future of social interaction across various sectors, announcing tools like the Presence Platform and a $150 million investment in immersive learning. Starting December 1, the company will report financials under two segments: Family of Apps and Reality Labs, with a new stock ticker MVRS. This rebranding does not alter data usage policies.
Roundhill Investments has launched the Roundhill IO Digital Infrastructure ETF (the BYTE ETF) to provide investors with exposure to the growing digital infrastructure sector. This ETF tracks the performance of the IO Digital Infrastructure Index, managed by IO Digital Index Partners, offering holdings in mobile towers, broadband, and data centers. As of October 27, 2021, key holdings include American Tower (5.8%), Altice USA (5.3%), and Equinix (2.7%). Investors are urged to consider the risks involved, including those related to digital infrastructure operations.
Facebook reported a strong financial performance for Q3 2021, with total revenue of $29 billion, up 35% year-over-year, driven by a 33% increase in advertising revenue. Net income rose to $9.19 billion, representing a 17% increase, with diluted EPS of $3.22, a 19% gain. Daily active users reached 1.93 billion, a 6% increase. The company announced a plan to break out financial results for Facebook Reality Labs starting Q4 2021, anticipating a $10 billion reduction in operating profit due to increased investments. Facebook expects Q4 revenue between $31.5 billion and $34 billion, amid market uncertainties.
Facebook will announce its third quarter 2021 financial results on October 25, 2021, after market close. A conference call is scheduled for 2 p.m. PT / 5 p.m. ET on the same day to discuss the results. Investors can access the live webcast and related documents on the Investor Relations website. A telephonic replay will be available for one week post-call. Facebook's mission continues to focus on connecting people globally through its apps and technologies.
McBride Sisters Collection, the largest Black-owned wine company in the U.S., received a $2 million donation from Facebook for its SHE CAN Fund. This initiative aims to support 100 Black women entrepreneurs with $20,000 in advertising credits and strategic guidance through a mentorship program. The SHE CAN Fund, originally established in 2019, focuses on promoting the professional development of women in the wine industry and has pivoted its efforts to support small businesses impacted by COVID-19.
Roundhill Investments announced that the META ETF has surpassed $100 million in assets under management just three months after its launch. The ETF aims to provide investors exposure to the metaverse, mirroring the performance of the BALLMETA Index. Matthew Ball from Ball Metaverse Research Partners sees the metaverse as a multi-trillion dollar opportunity. The metaverse's growing attention is reflected in increasing mentions in corporate earnings calls and media, with significant player involvement from companies like Nvidia and Amazon.