Latest news with #MetaPlatforms'
Wall Street Journal
04-05-2025
- Business
- Wall Street Journal
To Win Monopoly Fight, Meta Is Touting a Rival: TikTok
WASHINGTON—Weeks into an antitrust trial that threatens the future of Meta Platforms' META 4.34%increase; green up pointing triangle social-media empire, the company's best bet for a court victory might lie with one of its rivals: TikTok. The Federal Trade Commission is seeking to break up Meta, alleging that it wields an illegal monopoly originally built more than a decade ago through Facebook's acquisitions of Instagram and WhatsApp. To prevail, the agency needs to show not only that Meta engaged in unlawful monopolization, but also that its dominance hasn't waned since. That is where TikTok comes in.
TimesLIVE
02-05-2025
- Business
- TimesLIVE
Judge in Meta case warns AI could 'obliterate' market for original works
A sceptical federal judge in San Francisco on Thursday questioned Meta Platforms' argument that it can legally use copyrighted works without permission to train its artificial intelligence (AI) models. In the first court hearing on a key question for the AI industry, US district judge Vince Chhabria grilled lawyers for both sides about Meta's request for a ruling that it made 'fair use' of books by Junot Diaz, comedian Sarah Silverman and others to train its Llama large language model. 'You have companies using copyright-protected material to create a product that is capable of producing an infinite number of competing products,' Chhabria told Meta's attorneys. 'You are dramatically changing, you might even say obliterating, the market for that person's work and you're saying you don't have to pay a licence to that person. 'I don't understand how that can be fair use.'
Yahoo
02-05-2025
- Business
- Yahoo
Breaking Down Meta's Better-Than-Expected Earnings
Shweta Khajuria, Wolfe Research managing director, global internet, reacts to Meta Platforms' first-quarter earnings on "Bloomberg The Close." Meta posted $42.3 billion in sales in the first quarter, beating analysts' estimates of $41.4 billion. Sign in to access your portfolio
CNA
01-05-2025
- Business
- CNA
Judge in Meta case warns AI could 'obliterate' market for original works
A skeptical federal judge in San Francisco on Thursday questioned Meta Platforms' argument that it can legally use copyrighted works without permission to train its artificial intelligence models. In the first court hearing on a key question for the AI industry, U.S. District Judge Vince Chhabria grilled lawyers for both sides over Meta's request for a ruling that it made "fair use" of books by Junot Diaz, comedian Sarah Silverman and others to train its Llama large language model. "You have companies using copyright-protected material to create a product that is capable of producing an infinite number of competing products," Chhabria told Meta's attorneys. "You are dramatically changing, you might even say obliterating, the market for that person's work, and you're saying that you don't even have to pay a license to that person." "I just don't understand how that can be fair use," Chhabria said. The fair use question hangs over lawsuits brought by authors, news outlets and other copyright owners against companies including Meta, OpenAI and Anthropic. The legal doctrine allows for the use of copyrighted work without the copyright owner's permission under some circumstances. The authors in the Meta case sued in 2023, arguing the company used pirated versions of their books to train Llama without permission or compensation. Technology companies have said that being forced to pay copyright holders for their content could hamstring the burgeoning, multi-billion dollar AI industry. The defendants say their AI systems make fair use of copyrighted material by studying it to learn to create new, transformative content. Plaintiffs counter that AI companies unlawfully copy their work to generate competing content that threatens their livelihoods. Chhabria on Thursday acknowledged that Meta's use may have been transformative, but said it still may not have been fair. "This seems like a highly unusual case in the sense that though the copying is for a highly transformative purpose, the copying has the high likelihood of leading to the flooding of the markets for the copyrighted works," Chhabria said. Meta attorney Kannon Shanmugam said copyright owners are not entitled to "protection from competition in the marketplace of ideas." "But if I'm going to steal things from the marketplace of ideas in order to develop my own ideas, that's copyright infringement, right?," Chhabria responded. Chhabria also told the plaintiffs' attorney David Boies that the lawsuit may not have adequately addressed the potential market impacts of Meta's conduct. "I think it is taken away by fair use unless a plaintiff can show that the market for their actual copyrighted work is going to be dramatically affected," Chhabria said. Chhabria prodded Boies for evidence that Llama's creations would affect the market for the authors' books specifically. "It seems like you're asking me to speculate that the market for Sarah Silverman's memoir will be affected by the billions of things that Llama will ultimately be capable of producing," Chhabria said. "And it's just not obvious to me that that's the case."
Yahoo
01-05-2025
- Business
- Yahoo
Meta Platforms (NasdaqGS:META) Reports Strong Q1 2025 Earnings and Completes Share Buyback
Meta Platforms recently reported strong Q1 2025 earnings, with sales and net income rising significantly year-over-year, reflecting robust financial health. This announcement coincided with broader market gains, where major indexes experienced a consistent rise, driven by favorable earnings reports from key tech players. Meta's 2.97% price increase over the past week aligns with this market trend. The company's expansion in AI offerings and reaffirmed capital expenditures, including share buybacks, reinforced investor confidence. Alongside partnerships to enhance AI capabilities, these factors likely contributed positively, adding momentum to the overall market's upward trajectory. We've identified 1 possible red flag for Meta Platforms that you should be aware of. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The recent 2.97% increase in Meta Platforms' share price comes in the wake of strong earning results, reflective of the company's strategic moves in AI expansion and robust capital expenditures. These developments may impact Meta's long-term growth narrative, with advanced AI initiatives potentially driving new applications for personalization, boosting user engagement, and enhancing advertising revenue. Analysts project revenue to grow annually at various rates depending on whom you ask, while expected earnings growth appears promising yet mixed due to factors like regulatory challenges and competition. The reaffirmed commitment to share buybacks suggests a potential decline in shares outstanding, which could influence earnings dynamics and shareholder value over time. Over the past three years, Meta has delivered a total return of approximately 164.83%, a very large increase that underscores its strong performance relative to both its peers and broader market indices. In the past year, Meta's return also exceeded the Interactive Media and Services industry, which experienced a much lower return. However, relative to a consensus analyst price target of US$722.91, the company's current share price of US$500.28 trades at a substantial discount, suggesting potential upside if growth targets are met. This price gap aligns with analysts' bullish outlook, but as always, investors should consider potential risks like high competition and uncertain adoption of new technologies when evaluating future performance. Dive into the specifics of Meta Platforms here with our thorough balance sheet health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:META. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
