Cantor Fitzgerald lowers Meta stock price target to $720 on cloud costs

Yann LeCun, a prominent figure in artificial intelligence and a key player at Meta, is set to leave the company to launch a new AI startup focused on Advanced Machine Intelligence. His departure follows over a decade of contributions to Meta, where he has been influential in shaping AI research and development.

Meta has achieved a significant victory against the Federal Trade Commission (FTC) in an antitrust case, which may influence investor perceptions of the social media landscape. The ruling suggests that Meta's acquisitions of Instagram and WhatsApp do not constitute monopoly power, allowing the company to maintain its current business structure without the threat of a breakup.

Arrowhead Pharma's stock remains stable following Cantor Fitzgerald's reaffirmation of an Overweight rating. This endorsement suggests confidence in the company's future performance in the market.

European markets stabilized on Wednesday morning after experiencing losses due to concerns that AI stocks may be overvalued. Investors are keenly awaiting the latest results from US chipmaker Nvidia, a key player in the AI sector. Additionally, Japanese media reported that China has suspended seafood imports from Japan amid diplomatic tensions. A US judge also ruled that Meta does not hold a monopoly.

A judge has ruled that Meta does not hold a monopoly following its acquisitions of Instagram and WhatsApp. This decision allows the parent company of Instagram to avoid the potential breakup of its business. The ruling comes after a lawsuit filed by the Federal Trade Commission (FTC) in 2020, which accused Meta of maintaining monopoly power in the market.

Meta has successfully defended itself against an antitrust lawsuit filed by the Federal Trade Commission (FTC), which posed a potential threat to its ownership of WhatsApp and Instagram. The lawsuit aimed to challenge Meta's market practices and its control over these popular social media platforms. The ruling is seen as a significant victory for Meta, allowing the company to maintain its current structure and operations without the risk of being forced to divest its key assets.

A judge ruled that Meta does not hold a monopoly, dismissing a lawsuit filed by the Federal Trade Commission (FTC) in 2020. The FTC accused Meta of maintaining monopoly power after its acquisitions of Instagram and WhatsApp. This ruling is a significant development in the ongoing scrutiny of large tech companies and their market practices.

John Hegeman, the Chief Revenue Officer at Meta, is leaving the company to start his own venture. Hegeman has been instrumental in monetization strategies and the development of the Facebook app over nearly two decades. His departure marks a significant change for Meta as it continues to navigate the evolving digital landscape and competition in the social media market.