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Yiannis Zourmpanos

China Just Blocked Meta’s $2 Billion Acquisition of Manus. Why Does It Seem Like Investors Don’t Care?

Manus China Meta Facebook Instagram WhatsApp

Meta Platforms (META) stock barely moved following news that China reportedly blocked the company's $2 billion acquisition of artificial intelligence (AI) firm Manus, a deal that was geared toward boosting Meta's agentic AI push across Facebook, Instagram, WhatsApp, and its entire AI ecosystem. The reason behind this apparent lack of concern over the deal may lie in the company's core business model. Indeed, despite the potential setbacks of failing to advance its AI capabilities through the acquisiton, Meta Platforms continues to make money from its advertising operations. It's not just that, either — the company has already allocated billions to funding its AI initiative.

Instead of reacting to the acquisition news, META stock is now falling following the company's latest earnings report. Let's take a closer look.

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There was no evidence that the two had ever met.

We Got This Covered

Tennessee man allegedly leaves baby inside car in an area with ‘heavy foot traffic and intoxicated individuals.’ Then he’s spotted waiting in line at a bar

Tennessee man allegedly leaves baby inside car in an area with ‘heavy foot traffic and intoxicated individuals.’ Then he’s spotted waiting in line at a bar

Take care of your little ones!

We Got This Covered

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Sports Illustrated

One subscription that gives you access to news from hundreds of sites

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How the death of two CIA agents in northern Mexico led to a treason case

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