Meta Platforms ( (META) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Meta Platforms has been given the green light by a German court to train its AI models using public data from Facebook and Instagram users, despite initial objections from consumer rights groups. This decision comes amid ongoing scrutiny from the Irish Data Protection Authority, which has required Meta to implement measures to enhance transparency and user protection. Meta’s stock experienced a slight dip following these developments, but analysts remain optimistic about its potential, with a consensus Strong Buy rating and a price target suggesting a potential upside.
In addition to regulatory challenges, Meta is also focusing on improving its workforce efficiency by urging managers to identify more low-performing employees. This move aligns with CEO Mark Zuckerberg’s strategy to streamline operations and enhance talent quality. Despite these internal adjustments, Meta continues to receive positive attention from analysts, with Loop Capital raising its price target significantly, citing Meta’s strong position in the AI sector and its robust performance outlook.