Meta Platforms: Rising Stock Amid Privacy Concerns - TipRanks.com
Meta Platforms ((META)) has been popular among investors this week. Here is a recap of the key news on this stock.
Meta Platforms is making headlines as its stock has seen a notable rise of about 10% year-to-date, despite facing a challenging macroeconomic environment. The company delivered impressive first-quarter results for 2025, surpassing market expectations, and issued a positive outlook. CEO Mark Zuckerberg has expressed confidence in Meta’s growth potential, emphasizing the company’s strategic focus on enhancing its apps with AI features to boost user engagement and revenue. The Meta AI digital assistant, a key component of this strategy, now boasts nearly 1 billion monthly users.
Privacy Concerns in Europe
In addition to its financial performance, Meta Platforms is also in the spotlight due to privacy concerns in Europe. The Austrian privacy group NOYB has threatened legal action against Meta for its plans to use Europeans’ personal data to train AI models. NOYB argues that Meta’s reliance on ‘legitimate interest’ under EU privacy laws is insufficient, and the group is prepared to seek a court order to block the data collection.
Analysts' Outlook
Despite these challenges, Wall Street analysts maintain a Strong Buy consensus on Meta stock, with a price target suggesting further upside potential.
