Meta wins historic antitrust battle
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During Meta's third-quarter earnings call last week, CEO Mark Zuckerberg spent quite a bit of time detailing the company's AI road map -- from new products and services, to how these projects are making a direct impact on consumer engagement and sales.
We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently discussed.
Meta scored a major win on Tuesday after a federal judge ruled that it is not a social networking monopoly, shooting down an argument from the US Federal Trade Commission that it should be forced to spin off two of its most popular platforms.
Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled the company does not hold a monopoly in social networking.
I don’t want to be presumptive, but let me fill you in on what I think Zuckerberg’s doing here and more important, why I think he is dead right, and the stock’s a buy now that it’s pulled