Now that summer is coming to an end, that means it’s time to bust out your scarves, grab a pumpkin spice latte, and reevaluate your tech stock. This Yahoo Finance series helps you understand what’s happening among the biggest names in tech – Apple, Alphabet, Amazon, Microsoft, Meta, Nvidia and Tesla. the magnificent Seven, Next up is Meta, which owns Facebook, Instagram and the money-spending Metaverse operation.
Meta (META) is an advertising company.
This is a fact worth repeating because while the digital advertising market is also resurging after a rough few years, it is also in transition amid the AI boom.
This means that Meta’s rhetoric and efforts around AI aren’t just a show—they’re existentially important to the company’s future. If not from AI, it’s not entirely clear where the next stage of meta’s evolution will come from.
