Meta Platforms Inc Stock Price, News & Analysis

Meta has partnered with The World Around to launch the inaugural Young Climate Prize, focusing on empowering Gen Z and Generation Alpha in climate activism. The program features 25 finalists aged 13 to 25, each receiving mentorship from industry leaders. Three winners will be announced on Earth Day (April 22, 2023), at the Solomon R. Guggenheim Museum in New York City. Categories include Young Climate Voice, Young Climate Designer, and Young Climate Visionary. The projects span five themes: Words Matter, Creating Connections, Innovators & Investors, All About Waste, and Radical Reuse. This initiative highlights youth-driven solutions to combat climate change, emphasizing the importance of community and creativity.

Roundhill Investments has launched the Roundhill BIG Tech ETF (BIGT), providing focused exposure to the 'FAAMG' stocks: Facebook, Amazon, Apple, Microsoft, and Google. The ETF, trading on NASDAQ from April 11, 2023, offers investors a cost-efficient way to invest in these tech giants with an expense ratio of just 0.29%. The ETF employs an equal weighting strategy and plans quarterly rebalancing. Chief Strategy Officer Dave Mazza highlighted that BIGT addresses market uncertainty by offering a direct investment vehicle for these high-quality companies, which are recognized as leaders in technology and substantial contributors to revenue and market capitalization. With the launch of BIGT, Roundhill aims to enhance its suite of innovative financial products tailored for the next generation of investors.

Meta Platforms, Inc. (NASDAQ: META) will release its first quarter 2023 financial results on April 26, 2023, 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, accessible via the Meta Investor Relations website. Following the call, a replay will be available on the same site, along with transcripts of discussions with equity research analysts. This event marks a key opportunity for investors to gain insights into Meta's financial performance and future outlook.

Meta is committed to becoming water positive by 2030, addressing global water scarcity by efficiently using and restoring water resources in stressed basins. Over 1.7 billion people face water challenges, with a predicted 40% shortfall in freshwater by 2030. Meta has joined the UN CEO Water Mandate’s Water Resilience Coalition and has invested in 25 restoration projects, replenishing over 850 million gallons of water annually. Innovative measures at data centers aim to minimize water use, including direct evaporative cooling. The company emphasizes collaboration for sustainable water stewardship, aiming for a collective impact on local water systems.

Meta has achieved its goal of meeting 100% of its energy needs with renewable sources, completing this milestone in 2020 after a decade of infrastructure development. The company's renewable energy portfolio covers 6 countries and 20 U.S. states, providing energy equivalent to that consumed by 3 million U.S. households. Over 40,000 construction jobs have been created through these projects, contributing $4.2 billion to GDP. Meta emphasizes local economic benefits and transparency in its operations, utilizing renewable energy credits (RECs) for verification. Despite challenges in the renewable market, Meta remains committed to expanding its clean energy initiatives.

Meta aims to achieve water positive status by 2030, according to Edward Palmieri, head of global sustainability. The company is addressing global water stress, emphasizing the responsibility of businesses to utilize water sustainably. Currently, Meta's data centers are 80% more water efficient than the industry average, and its offices exceed LEED baseline efficiency by 38%. Palmieri outlines Meta's goal of not only reducing water consumption but also replenishing the water used in its operations.

Meta is committed to innovating for a zero-carbon economy and collaborating with stakeholders for climate action.

Meta's Commitment to Sustainability: In 2020, Meta achieved net zero greenhouse gas emissions and operates on 100% renewable energy. As of March 2023, the company emphasizes the need for continued efforts to achieve full sustainability following COP27 discussions. Key partnerships were formed, including the Asian Clean Energy Coalition and the Frontier collaboration for carbon removal technologies. Meta aims to restore more water than consumed and reports its climate progress transparently. However, the company acknowledges that urgent collective action is necessary, with plans to unveil specific decarbonization strategies in early 2023.

Meta Platforms, Inc. (NASDAQ: META) announced that CFO Susan Li and COO Javier Olivan will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023, at 11:20 a.m. PT. A live webcast and replay will be available on Meta's Investor Relations website. The company emphasizes its commitment to transparency through various channels, including its investor.fb.com site and Mark Zuckerberg's social media accounts. Meta continues to innovate, moving beyond traditional screens to immersive experiences like augmented and virtual reality, shaping the future of social technology.