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META Jun 2024 160.000 put
| Previous close | 30.50 |
| Open | 27.87 |
| Bid | 28.40 |
| Ask | 28.70 |
| Strike | 160.00 |
| Expiry date | 2024-06-21 |
| Day's range | 27.76 - 27.95 |
| Contract range | N/A |
| Volume | |
| Open interest | 4.91k |
- Yahoo Finance Video
TikTok is the catalyst for something much bigger: Expert
TikTok CEO Shou Chew testified before U.S. lawmakers on Thursday. The social media executive defended the video app amid concerns about its roots in China. As TikTok looks to add to its 150 million monthly active American users, concerns grow over the app’s danger to U.S. national security and Americans. “This is a real tech success story for China that has become incredibly politically toxic to Washington,” says Rhodium Group’s Reva Goujon.The escalating tensions over TikTok could be about more than the app itself, with Goujon saying issues with the app are the catalyst "for something much bigger in play, especially as the U.S. has been trying to get to a more coherent data security policy." U.S. lawmakers recently introduced the RESTRICT Act, which is aimed to tackle national security threats from foreign tech. You can watch Yahoo Finance's Julie Hyman and Brad Smith's full interview with Reva Goujon here. Key video moments: 00:00:03 U.S. tech & investment controls00:00:41 TikTok's political turmoil
- Reuters
Network fee not the fix for European telecoms financial problems, Meta says
Meta Platforms on Thursday voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies' hefty investments. Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for two decades for U.S. tech giants to contribute to 5G and broadband roll-out. The operators say that given they account for more than half of data internet traffic, Alphabet's Google, Apple, Meta, Netflix, Amazon and Microsoft should contribute to the billions of euros in infrastructure costs.
- Investing.com
5 analyst picks of the day: Meta nabs another upgrade | Pro Recap
KeyBanc upgraded Meta Platforms (NASDAQ:META) to Overweight from Sector Weight with a price target of $240.00, noting it now sees the company as a leaner business after the announcement of the second big round of layoffs. This comes just one and two days after Morgan Stanley and Edward Jones upgraded the stock. KeyBanc believes the latest cost-cutting measures, which led to an approximately 10% reduction in the company's 2023 operating expense guidance, along with improvements in CPMs due to a combination of product launches, foreign exchange rates, and better spending practices, will result in an operating margin of at least 31% by 2024.
