Meta Platforms Inc Stock Price, News & Analysis

Meta has released its second annual Responsible Business Practices Report, highlighting efforts to maximize positive impacts and minimize negative impacts on society. The report, themed 'Unlocking Potential,' provides key metrics and insights on Meta's societal impact, including milestones, policies, and programs underpinning its responsible business strategy.

Key highlights include:

• Releasing Llama, an open-source AI model downloaded over 170 million times
• Launching the AI Alliance to accelerate responsible AI innovation
• Expanding parental supervision tools globally
• Implementing child safety initiatives like Lantern and Take It Down
• Completing a Human Rights Salient Risk Assessment
• Maintaining net zero in global operations
• Focusing on building a diverse workforce

The report is supplemented by in-depth reports on human rights, sustainability, and transparency, prepared in reference to global reporting standards.

Meta recently partnered with people with disabilities and disability advocates to integrate accessibility into their mixed reality technology. This co-design approach aims to prioritize real-life user experiences, center the needs of historically underserved communities, and build trust. The company believes this strategy will create better product experiences for everyone, citing the 'curb cutting' effect where solutions designed for specific groups often benefit a wider audience.

Meta acknowledges there's still much work to be done to make mixed reality more inclusive and establish new industry standards. By collaborating with communities often overlooked by technology, Meta aims to enable everyone to thrive in the metaverse. This approach not only drives real-world impact but also unlocks new possibilities in product development.

Meta Platforms, Inc. (META) has announced a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock. The dividend will be payable on September 26, 2024 to stockholders of record as of the close of business on September 16, 2024. This announcement demonstrates Meta's commitment to returning value to shareholders and reflects the company's financial stability. The declaration of a regular dividend can be seen as a positive signal for investors, indicating confidence in the company's future cash flow and profitability.

Meta Platforms, Inc. (Nasdaq: META) reported strong financial results for Q2 2024, with revenue increasing 22% year-over-year to $39.07 billion. Net income surged 73% to $13.465 billion, while diluted EPS also rose 73% to $5.16. The company's operating margin improved to 38% from 29% in the previous year.

Key operational highlights include:

• Family daily active people (DAP) increased 7% YoY to 3.27 billion
• Ad impressions across Family of Apps grew 10% YoY
• Average price per ad increased 10% YoY

Meta expects Q3 2024 revenue between $38.5-41 billion and maintains its full-year 2024 total expenses outlook of $96-99 billion. The company anticipates significant capital expenditures growth in 2025 to support AI research and product development.

Meta Platforms (NASDAQ: META) announced the release of its Q2 2024 financial results, scheduled for July 31, 2024, after market close. A conference call to discuss the results will be held at 2:00 p.m. PT / 5:00 p.m. ET on the same day. The webcast, earnings press release, financial tables, and slide presentation will be accessible on the Meta Investor Relations website. A replay and transcripts of the conference call will also be available post-event on the same website. Meta uses various online platforms, including its investor website and Mark Zuckerberg's social media accounts, to disclose material non-public information and comply with Regulation FD.

Meta Platforms (Nasdaq: META) announced a quarterly cash dividend of $0.50 per share for its Class A and Class B common stock. The dividend will be payable on June 26, 2024, to stockholders who are recorded by the close of business on June 14, 2024. This marks a significant dividend declaration by the company, reflecting its strong financial position and commitment to returning value to shareholders.

Meta will launch a new education product for Quest devices later this year. The product, developed in collaboration with educators, researchers, and developers, aims to enhance learning through virtual, mixed, and augmented reality.

It allows teachers to access education-specific apps, manage multiple devices, and create immersive learning experiences. Examples include virtual crime scenes for criminal justice, virtual reality for soft skills at Stanford, and life sciences at Glasgow University.

Morehouse College reported higher average final test scores with VR, and a survey found 77% of educators believe these technologies boost engagement. The product will be available in Quest for Business supported markets for institutions serving learners aged 13+.

Meta has launched the 2024 Screen Smart program to aid parents in managing their children's digital device usage. The initiative comprises workshops in multiple cities including Denver, Charleston, Houston, Boston, and Los Angeles. These workshops will provide one-on-one educational sessions on parental supervision tools and guidelines for safe device usage.

Screen Smart aims to empower parents with knowledge to set appropriate boundaries and protections for their teens. Meta has developed over 50 tools and features, such as private accounts and messaging restrictions, to ensure safe online experiences for teens.

Experts, including pediatricians and child psychologists, will speak at the events, sharing insights on fostering positive digital habits. This initiative follows a successful pilot program held last year in five cities, including New York and Chicago. Meta continues to promote digital safety through educational campaigns and resources available on its platforms.