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Barchart
Barchart
Chris MacDonald

Get Ready for a Fruity Facebook as Meta Preps New Mango AI Model. Should You Buy META Stock Here?

Meta Platforms (META) is among the most-watched mega-cap tech stocks in the market, and for good reason. The company's core social media empire, which started with Facebook and has since expanded to include Instagram, WhatsApp, and Messenger, now has more than 3.5 billion daily active users across all of its networks.

Over the decades, the company has monetized these eyeballs to an incredible extent, now generating incredible profits and cash flow that the company piles into its other high-growth initiatives. Of late, that spending has materially shifted from tens of billions of dollars a quarter on its Reality Labs division (its metaverse efforts) to Meta's growing artificial intelligence portfolio.

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