Meta is an ad company that's uniquely positioned to benefit from AI.
Now that summer’s coming to an end, that means it’s time to pull out your scarves, grab a pumpkin spice latte, and reassess your tech stocks. This Yahoo Finance series helps you decode what's happening among the biggest names in tech — Apple, Alphabet, Amazon, Microsoft, Meta, Nvidia, and Tesla — known as theMeta is an ad company.
Meta stock has had a tremendous run so far in 2023, rising over 145% year to date. But at $295.89 it's still well below its all-time high of $382.12 on Sept. 7, 2021. The last thing Meta needs is anything new that will shake up Meta's business model the way Apple's App Transparency Tracking framework did in 2021. When it was first launched, ATT was devastating to social media businesses, including Meta's, as it allowed users to opt out of identifiers for advertisers, or IDFAs, which are the device IDs underlying Apple's framework.
Williamson agreed, citing concerns around Meta's ability to operate under increasingly active European regulation.
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