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META PLATFORMS INC.

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Meta Platforms Inc. Join Forces In Open AI Advocacy InitiativeMeta Platforms (NASDAQ:META) and International Business Machines (NYSE: IBM) have announced the formation of an AI Alliance, a coalition of over 50 AI companies and research institutions advocating for an open model of AI. The alliance, which includes notable members such as Intel INTC and the National Science Foundation, aims to pool resources for “open innovation and open science” in AI, The Wall Street Journal reported. The majority of the members are proponents of open-source tech, which involves freely shared technology and a history of collaboration among Big Tech, academia, and independent coders. IBM and Meta have been working together since August to form this alliance. Darío Gil, senior vice president at IBM and director of IBM Research, expressed dissatisfaction with the AI discussions over the past year, stating, “We did not feel that it reflected the diversity of the ecosystem that is making this AI moment possible.” Despite IBM’s AI history being tainted by the faltering of its Watson system, Gil said its new Watsonx system is a completely new platform. Similarly, Meta, despite some setbacks in AI development, is attempting to establish a foothold in the thriving AI market through its open-source AI system, Llama 2 AI model. The formation of the AI Alliance comes at a time when businesses are seeking more AI product providers to reduce the risk associated with single-vendor dependency. This need for a more distributed approach is something the AI Alliance aims to address. META Price Momentum META is trading near the top of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:METALong
by DEXWireNews
Meta And IBM Launch AI Alliance Amid OpenAI ChallengesMeta and IBM formed an AI alliance to counter OpenAI dominance, reshaping AI's future with success hinging on execution and safety commitment. In a strategic move to reshape the AI landscape, Meta Platforms and IBM have spearheaded the formation of the AI Alliance, a coalition comprising over 50 leading artificial intelligence (AI) companies and research institutions. Notably, this alliance, born out of dissatisfaction with the one-sided discourse dominated by entities like OpenAI, is geared towards promoting open innovation and open science in the rapidly expanding AI domain. Unlocking the Power of Collective Innovation In a joint effort, Meta Platforms and IBM have orchestrated the birth of the AI Alliance, a collaborative force of over 50 influential players in the field of artificial intelligence, according to a WSJ report. Notably, this alliance, which boasts prominent members such as Intel, Oracle, Cornell University, and the National Science Foundation, aims to champion “open innovation and open science” in the realm of AI. Meanwhile, Dario Gil, IBM’s Senior Vice President and Director of IBM Research, voiced dissatisfaction with ongoing AI discussions, emphasizing the need for a more inclusive representation of the diverse ecosystem driving the current AI advancements. Gil acknowledged the overshadowing narrative led by generative AI since the advent of OpenAI’s ChatGPT a year ago. Unlike closed systems maintained by their creators, the AI Alliance is championing the cause of open-source technology, fostering collaboration among industry giants, academia, and independent programmers. Notably, many members of the alliance already possess their AI products but are striving to keep pace with the attention garnered by OpenAI and its partner, Microsoft. Shifting Tides in the AI Market As enterprises globally are projected to spend nearly $16 billion on generative AI solutions in 2023, the AI Alliance is strategically positioning itself to offer a more distributed and resilient alternative. Notably, the recent upheaval at OpenAI has prompted businesses to seek diversified providers, minimizing the risk associated with relying on a single vendor. Meanwhile, Meta’s foray into the open-source AI market through its Llama 2 AI model and IBM’s introduction of the Watsonx system underscore the alliance’s commitment to driving innovation. In addition, IBM’s Gil expressed the significance of adopting a decentralized approach, asserting that it enhances resilience by preventing any single institution from obstructing the success of the open engine. He stated, “This alternative method is more decentralized and robust.” The AI Alliance’s launch signifies a pivotal moment in the AI landscape. As businesses explore alternatives to mitigate risk, the alliance, with its emphasis on open innovation, stands as a compelling option. Meanwhile, Ritu Jyoti, Group Vice President of Worldwide AI at IDC, notes, “It will all depend on how well they execute it.” Meanwhile, the alliance’s focus on areas like regulation and safety, with plans to release a benchmarking tool for AI safety and model validation, further solidifies its commitment to reshaping the future of AI through collective effort.
NASDAQ:METALong
by DEXWireNews
METAthe price has been on an upward trend for 21 days, reaching a supply zone around $342.50. However, in the last three days, there has been a consistent downward movement. Currently, the price has pulled back to three levels: 50% of $311.87 and 61% of $308.89. Your target appears to be a potential bounce back upwards from these levels, with $311.87 and $308.89 serving as support levels based on Fibonacci retracement. This is a common strategy among technical analysts who use historical price patterns and mathematical ratios to predict potential future price movements. It's important to note that while technical analysis can provide valuable insights, it's not foolproof, and market conditions can change rapidly. Always consider combining technical analysis with other forms of analysis, risk management strategies, and staying informed about any relevant news or events that might impact the financial instrument you're trading. Remember, investing and trading involve risks, and it's essential to do thorough research and possibly consult with a financial advisor before making any significant financial decisions.
NASDAQ:META
by AmyThongbai
META on the Verge of CorrectionSince November 2022, the META stock has surged by over 280%, experiencing minimal pullbacks. Recently, however, the price exhibited weakness. Considering the liquidity perspective and taking into account divergences in the Price-Volume trend, it is anticipated that the stock price will initially target the range between $286 and $287 USD. There is also a possibility of a Liquidity Sweep occurring around $275 USD. Therefore, we advise against opening long positions in META until the price reaches the mentioned levels. Subsequently, we anticipate a resumption of the long-term trend.
NASDAQ:METAShort
by Ochlokrat
🔴 META PLATFORM: Daily Technical Analysis & SetupHi Traders! From a technical point of view, NASDAQ:META is very interesting for Day Traders, but at the same time it could also give some opportunities to Aggressive Traders (Intraday) in short term. Having said that, if we look at Daily Chart the trend is bullish in mid-long term, but in the short term we do not exclude a bearish consolidation before another rally. For Day Traders Setup is very simple, wait for pullback to take long position as shown on the chart. Money Management also seems interesting, with a risk of 2% we get a Risk/Return Ratio > 1:8 (not bad). 🔴 INTRADAY ANALYSIS How can we get to our Setup Area? ============================== Now we need to understand how META could reach our Setup Area, and it could do so simply in two ways: with a bullish scenario (Top and Impulsive Structure still in play) or with a bearish scenario (ABC Pattern in play), as shown on two chart below. Both of these two scenarios should be able to reach our setup area on the daily chart: Trade with care Like | Share | Comment
NASDAQ:METALong
by TheAnonymousBanker
5
META - is Wyckoff Distribution in Progress?Most of the big cap in NASDAQ is forming a consolidation at the current top area, including the $NASDAQ:META. Is Wyckoff Distribution theory in progress? Preliminary Supply occurred on June 2023 with a high volume + a big red candle. The price continued to be uptrend, and the possibility of buying climaxed at the end of July. During that time, Bearish Divergence appeared in the RSI Oscillator. If recent performance is indicating an Upthrust after Distribution phase, then the trend will be a confirmed reversal to bearish bias for NASDAQ:META with the possibility being sideways (continue distribution phase) in the point 1 and 2 where in the potential sideways 2 area will provide a confirmation of red candle and high volume. The Downtrend target will be the daily gap area at $214. Every other support area will shown by the Fibonacci Retracement below: Watch the $274-276 as your area of confirmation for the bearish reversal.
NASDAQ:METAShort
by dhimaswppr
$META Buy Target 283NASDAQ:META Buy Target 283 Buy Target 283… I will be doing target projections all weekend... so let me know if there are any that you want to see... This allows me to see charts I may not have seen in a while... This is not in in-depth analysis… this is pointing to where 5-year volatility shows as an excellent entry and over the years this has been one of my strongest tools…. This is, of course, off the top of the swing high so if we push higher then this will shift and I will update accordingly.
NASDAQ:METAShort
by SPYder_QQQueen_Trading
META ( FACEBOOK) Rebound - Can the METAVERSE Follow?Facebook parent Meta’s first quarter profit and its count of daily users jumped past Wall Street’s expectations despite the company’s slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours trading. Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported what analysts called disappointing earnings, with profit below Wall Street’s expectations. Google also reported a revenue growth slowdown, but for Meta this appeared to have been mitigated by an increase in daily active users that “was enough to send the shorts covering and the stock surging,” so, good news from META, could the Real Metaverse be next? One Love, the FXPROFESSOR
NASDAQ:METALong
by FX_Professor
Wave of the day:META Possible false breakout in NASDAQ:META .It is not quite in place because the price is not below the top price from summer. But if we get there below the dotted line on my graph we have a false breakout in Meta. 3 reasons why: RSI Divergence MACD Lines Divergence MACD Histogram Divergence. Even though is not a pure divergence yet, we can compare the power of the bulls in summer with the power of the bulls now. Not a great sight! What stock caught your eyes? Please leave a comment below and I will take a look next time. Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes and does not serve as financial advice.
NASDAQ:META
by WavesInvesting
🚨♾Meta Platforms(META)♾ will Go Down at least ➖20%🚨🏃‍♂️♾ Meta Platforms(META) ♾ is moving near the 🔴 Resistance zone($332-$315) 🔴. 💡Also, we can see Regular Divergence (RD-) between two consecutive peaks . In terms of Elliott wave theory , the Meta Platforms(META) seem to have completed the main wave 3 at the 🔴 Resistance zone($332-$315) 🔴 with the help of the Expanding Ending Diagonal Pattern . 🌊It is interesting to note that in the middle of main wave 3 , the main Bullish Long Island Pattern can be seen, which confirms our wave count. 🔔I expect the Meta Platforms(META) to lose at least ➖20% of its value after breaking the lower line of the Expanding Ending Diagonal and reaching the 🟡 Price Reversal Zones(PRZ) 🟡, Support line(1) and 🔵 200_SMA(Weekly) 🔵. 📚If you want to know about the types of Gaps , you can read the following article.👇 Meta Platforms( METAUSD) Analyze, Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NASDAQ:METAShort
by pejman_zwin
20
📚3 Reasons To Buy META Stock Options @ x1 Margin📉🚨I must emphasize that providing specific financial advice, including recommendations to buy or sell specific stocks or options, -- goes beyond the scope of my capabilities. The information I provide should not be considered as financial advice. -- However, I can provide you with general considerations that investors often take into account when evaluating stock options. -- Keep in mind that investing always involves risk, and it's important to conduct thorough research or consult with a financial professional before making any investment decisions. -- 1. Bullish Outlook on Meta Platforms, Inc. (formerly Facebook, Inc.): If you have a positive outlook on Meta Platforms, Inc. and believe that the company's stock price will rise, you might consider buying call options. -- Call options give you the right (but not the obligation) to buy the underlying stock at a specified price (strike price) before or at the expiration date. If the stock price increases, you can -- potentially profit from the appreciation. 2. Anticipation of a Specific Event or Catalyst: Traders often use options to speculate on specific events or catalysts that could impact a stock's price. -- For example, if Meta Platforms is expected to release a new product, announce positive earnings, or make a significant strategic move, options traders might take positions based on the expectation that these events will lead to a favorable stock price movement. 3. Leverage and Potential for Higher Returns: Options trading allows investors to control a larger position of the underlying stock with a smaller amount of capital compared to buying -- the stock outright. This is known as leverage. While leverage can amplify potential returns, it also increases the risk of losses. If the stock price moves in the desired direction, the percentage -- gains on options can be higher than the percentage gains on the underlying stock. However, it's crucial to be aware of the risks associated with leverage, including the potential for significant losses. Before engaging in options trading, consider your risk tolerance, investment goals, and the specific details of the options contracts you are considering. It's also important to be aware of -- the expiration date, strike price, and premium associated with the options, as these factors can significantly impact the outcome of the trade. Always consult with a financial advisor and thoroughly understand the risks involved in options trading. Absolutely, it's crucial to include a disclaimer when discussing financial topics. Please note the following disclaimer: **Disclaimer:** The information provided here is for educational and informational purposes only. It should not be considered as financial advice, investment recommendation, or an endorsement of any specific security, company, or investment strategy. The content is based on general market information at the time of writing, and market conditions may change. Always conduct your own research and/or consult with a qualified financial professional before making investment decisions. Trading and investing involve risks, and past performance is not indicative of future results. The author and the platform shall not be held responsible for any losses or damages related to the use of the information presented. Options trading, in particular, involves significant risks and may not be suitable for all investors. You should carefully consider your financial situation and consult with a qualified professional before engaging in options trading.
NASDAQ:METALong
by lubosi
Meta (NASDAQ:META) Faces Legal Heat in the U.S. and EuropeSocial media giant Meta Platforms (NASDAQ:META) is in trouble over privacy issues. In a setback for Meta, Judge Timothy Kelly of the U.S. District Court for the District of Columbia ruled that the U.S. Federal Trade Commission (FTC) can seek to lower the amount of money the company makes from users below the age of 18 years. Price Momentum META is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:METALong
by DEXWireNews
A Positive View on META Platforms Inc. Meta Platforms (NASDAQ:META) and has recently revised the price target from $380 to $435, highlighting its innovative approach, integration of artificial intelligence, and strong financial standing as key drivers of growth. One of the factors contributing to this positive sentiment is Meta Platforms’ recent initiatives, such as the launch of the Threads app, which is viewed as a catalyst for future growth. These developments have further solidified financial institutions that Meta Platforms is a strong buy, with a promising outlook for its future performance. META's Positive Outlook META’s market capitalization stands at an impressive $858.8 billion, highlighting its prominence in the technology services sector. Despite a challenging year for the company, with a negative earnings growth of -38.26% in the previous year, META has shown resilience and is projected to experience a positive earnings growth of +40.43% this year. Looking ahead, the company is expected to maintain a steady earnings growth of +20.88% over the next five years. In terms of revenue growth, META experienced a decline of -1.12% in the previous year. However, the company’s strong market position and potential for growth are evident from its financial indicators. META’s price-to-earnings (P/E) ratio stands at 30.1, indicating that investors are willing to pay a premium for the company’s future earnings. The price-to-sales ratio of 2.79 and price-to-book ratio of 6.95 further reflect the market’s positive sentiment towards META’s prospects. Taking a broader perspective, META operates in the technology services sector, specifically in the internet software/services industry. As a leader in this industry, META has established its corporate headquarters in Menlo Park, California, a hub for technological innovation. Despite challenges in the past, META is expected to experience significant earnings growth this year and maintain a steady growth trajectory over the next five years. As a prominent player in the technology services sector, META’s stock performance is influenced by broader market movements and sentiment. Investors and analysts will eagerly await the next reporting date to gain further insights into META’s financial performance and growth potential.
NASDAQ:METALong
by DEXWireNews
META @ 341.49NASDAQ:META META @ 341.49 --- Be strong and take courage. Learn the rocket booster strategy. Hi its lubosi forex. -- Let me share a painful story with you. -- Have you ever felt like you don't know what you are doing? You need to learn a trading system. -- Fear and doubt do occupy my mind sometimes. Do you ever feel like life is unfair to you? -- A trading strategy will remove the doubt in your trading. -- Disclaimer:Do not buy or sell anything I recommend to you do your own research before your trade. - Rocket boost this content to learn more.
NASDAQ:METALong
by lubosi
META FRACTAL ANALYSISWe have two repeating cycles with an expansion ratio of Phi Price and time are analogous to the main fractal in DJIA with both tops and bottoms occurring in the same month with a +/- 1 day. This puts the ending node of the current cycle on 26/02/2024 weekly candle with +/- 1 candle The ending node completes a (1 X 2), (2 X 1), (3 X 2) Fibonacci growth progression of 615 weeks. After the top is made we have a long steep correction that can run for about 57 weeks. Trade safe, good luck
NASDAQ:META
by Fairmont-Markets