Meta - Asia Tech Wire

Meta

2024.12.25

09:40

AI glasses concept stocks rebounded quickly, Rapoo Technology and Nationstar both hit their daily limit

AI glasses concept stocks rebounded quickly, Rapoo Technology and Nationstar both hit their daily limit, HC Semitek and Skyworth Digital rose by more than 5%, and BIWIN Storage, Impulse, Tianjian Shares, and Yidao Information followed suit. On the news front, Goldman Sachs analysts pointed out in their latest report that the download volume of Meta smart glasses-related applications has exploded.

2024.12.24

16:50

Meta smart glasses related application downloads surged by more than 200% Industry insiders: 2025 is expected to be the first year of AI glasses

Meta smart glasses suddenly exploded. Jack McFerran, an analyst at Goldman Sachs, pointed out in his latest report that the download volume of Meta smart glasses-related applications has exploded. Sensor Tower's application download data shows that the download volume of MetaView's supporting application soared by more than 200% year-on-year in October. According to the latest news, Meta is planning to add a display screen to its smart glasses to display notifications and replies from Meta's virtual assistant. This upgraded version of Ray-Ban smart glasses, developed in cooperation with the eyewear group EssilorLuxottica, may be released as early as the second half of 2025. In recent times, the concept of AI glasses in A-shares has also continued to strengthen. In today's trading, Xianying Technology soared straight and strongly won a 20CM daily limit. Skyworth Digital also rose and hit the daily limit at the same time. It is widely speculated in the industry that 2025 is expected to be the first year of AI glasses. According to wellsennXR data and forecasts, starting in 2025, AI smart glasses will quickly penetrate into traditional glasses against the backdrop of steady growth in sales of traditional glasses.

03:19

Data compiled by the agency showed that after the rebalancing of the Nasdaq 100 index, the weights of Tesla (TSLA.O), Meta Platforms (META.O) and Broadcom (AVGO.O) all declined.

2024.12.23

20:18

Meta plans to add display to Ray-Ban smart glasses

Facebook parent Meta Platforms Inc. plans to add displays to its Ray-Ban smart glasses as soon as next year, according to the Financial Times.

20:17

Meta, AMD and Micron Technology were selected by Rosenblatt as hot stocks for the first half of 2025

Meta, AMD and Micron Technology were selected by investment bank Rosenblatt as hot stocks for the first half of 2025.

20:11

Meta, AMD and Micron Technology were selected by investment bank Rosenblatt as hot stocks for the first half of 2025.

08:32

CITIC Securities: ByteDance's Doubao exceeded expectations, focusing on opportunities in the domestic AI computing power network industry chain

According to a research report by CITIC Securities, the performance of the Doubao model exceeded expectations, reflecting that ByteDance's investment in AI has formed a positive feedback, and the effect of the domestic AI industry catching up with overseas has begun to show. Domestic leading companies are expected to accelerate their investment in the field of AI. With reference to overseas, North American Internet leaders have increased their investment in AI for several consecutive quarters. Meta's capital expenditure accounts for more than 20% of its revenue, while the capital expenditure of domestic Internet leaders accounts for far less than 10%. The gap in AI investment intensity between Chinese and American technology giants is large, and it is expected that there is a certain room for improvement in the capital expenditure of domestic giants. We are optimistic about the increase in domestic AI investment in AIDC, high-speed switches, optical modules, AEC, liquid cooling and other fields.

2024.12.20

01:53

Market news: Negotiations between Volkswagen and the IG Metall union on factory closures and job security will continue until late at night, but no agreement has been reached yet.

2024.12.19

14:01

Canaccord Genuity: Raised Meta Platforms (META.O) price target from $700 to $730.

2024.12.17

22:00

Meta fined €251 million by Irish regulator over data breach

The Irish Data Protection Commission announced the results of its investigation and final decision on Meta Ireland on December 17. The agency said that Meta's previous data leak affected about 29 million Facebook accounts worldwide, of which about 3 million accounts were located in the EU/EEA. The leaked information included user names, emails, phone numbers, etc. The Irish Data Protection Commission therefore decided to impose an administrative fine of 251 million euros on Meta.

21:14

Ireland's Data Protection Commissioner fines Meta Platforms (META.O) 251 million euros following investigations into two personal data breaches.

15:17

Meta agrees to pay A$50 million to end lawsuit over Cambridge Analytica data scandal

Meta has agreed to pay A$50 million to end a protracted legal battle over a Cambridge Analytica scandal, Australia's privacy regulator said on Tuesday.

09:26

Meta Platforms (META.O) spokesperson: Settled Cambridge Analytica privacy scandal litigation in Australia on a non-admission basis.

2024.12.16

19:13

Zuckerberg has sold more than $2.2 billion in Meta stock this year

The latest data shows that Meta CEO Mark Zuckerberg has sold more than $2.2 billion worth of Meta stock this year, a record high. Based on an analysis of each of Zuckerberg's sales transactions, the co-founder and CEO of Meta sold more than $2.2 billion worth of company stock in the upcoming year of 2024. In December alone, Zuckerberg sold $153.2 million worth of stock.

2024.12.14

08:55

Meta urges California court to block OpenAI's plan to turn into a for-profit company

According to Cailianshe, citing the Wall Street Journal, Meta urged a California court to block OpenAI's plan to transform into a for-profit company.

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