Meta Platforms Community

Key Takeaways Meta can maintain social media dominance via new products, AI and continued advertising trends. Its LlaMA models are more adaptable and customizable, which will drive developer adoption.

Meta Platforms, Inc. (META), the parent company of Facebook, Instagram, and WhatsApp Sector: Telecomm, Technology Industry: social technology Market Capitalization: $1.5t (Mega-cap) Major Competitors: Meta Platforms, Inc.

Meta Platforms, Inc. (META) announced very strong Q3 2024 results underlined by revenue growth and a strong commitment to AI and the metaverse.

1. Catalysts Products and Services: Artificial Intelligence: Meta's continued investment in AI, particularly with the launch of Meta AI and Llama 3, is expected to enhance user engagement and ad targeting, driving revenue growth.

Key Takeaways Reality Labs will continue to see underwhelming active user numbers despite unit sales growth Metaverse software like Horizon Worlds will struggle to take off due to concerns of an overly digital modern world Developer support for Metaverse apps will remain weak New user data measures will impact targeted advertising effectiveness Cost of revenue will increase on ad-related revenue streams due to a switch to AI Apps like Instagram and Facebook will begin to see a plateau in user growth in the US and Europe Catalysts Reality Labs & The Metaverse Is A High-Cost Bet with Diminishing Returns The company formerly known as Facebook took an undeniably ambitious leap into the future with its transformation into a metaverse-focused company. The strategic realignment was so significant, that the company decided to abandon the name it was known throughout the world as to now be known as Meta Platforms.

Key Takeaways Strategic AI investments and AI-driven product innovations could boost user engagement, reduce costs, and drive long-term revenue growth in consumer electronics. Expansion of Family of Apps and improved ad monetization aim to increase user engagement, grow advertising revenue, and positively impact earnings and EPS.