META Stock Price and Chart — BCBA:META

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Meta Platforms (META) has a forward P/E ratio of 20.5, down 10% after its October 29 earnings report, amid investor worries over rising capital spending for AI.

Meta Platforms has acquired a 49% stake in Scale AI for around $14.3 billion, with Scale AI's CEO, Alexandr Wang, set to contribute significantly to Meta's artificial intelligence initiatives.

Meta Platforms is expanding its data center infrastructure to enhance AI capabilities, following similar moves by major tech firms like Microsoft and Amazon.

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About Meta Platforms, Inc.

Meta Platforms, Inc. engages in the development of social media applications. It builds technology that helps people connect and share, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented, mixed and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.

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