It’s a strategy that could prove to be costly for Meta Platforms over the long run. Once again, it appears that Meta Platforms’ management wants to fight battles in multiple regions. FAANG stocks were meant to describe hot, new high-growth tech companies of the. Per The Wall Street Journal, the Federal Trade Commission ( FTC) is attempting to “impose new sanctions” on Meta Platforms “for alleged privacy violations.” Meanwhile, Russian authorities have fined WhatsApp (which is owned by Meta Platforms) for “not deleting banned content,” Reuters reports.Īdditionally, Meta Platforms is threatening to remove its news content in California over a proposed bill that would require technology companies to pay certain news providers. Microsoft is not a FAANG stock, which is why there is no M in the acronym.
#Metastock not equal symbol update
Clearly, Meta Platforms isn’t only battling with the DPC. Download Updates to MetaStock Symbol Utility Files, Lookup Files and Update and Patch Files. regulators slapped Meta Platforms with a $5 billion fine over privacy protection violations in 2019. Yet, that example is the exception, not the rule. Per Reuters, the company “ offered to limit its use of other businesses’ advertising data for its Facebook Marketplace service” to appease Britain’s Competition and Markets Authority ( CMA). Granted, there is an instance of Meta Platforms “playing nice” with regulators. Meta Platforms plans to appeal this ruling, but ask yourself: Do you really want to invest in a company that’s waging war against government entities? Meta Platforms Faces Multiple Regulatory Battles In a well-documented example, Ireland’s Data Protection Commissioner (DPC) recently fined Meta Platforms 1.2 billion euros (equivalent to $1.3 billion) for data-privacy rule violations. What they should pay closer attention to is Meta Platforms’ various regulatory problems. ban on TikTok, but there’s no guarantee that this will happen. Meta Platforms’ eager bulls may be pricing in a potential U.S. Thus, it’s reasonable to conclude that META stock is richly valued and vulnerable to a pullback. This is much higher than the sector median P/E ratio of 17.71x. Value-focused investors should observe that Meta Platforms has a GAAP trailing-12-month price-to-earnings (P/E) ratio of 33.88x. META Stock Is Vulnerable as Legal Penalties Add Up
0 kommentar(er)
