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Meta Platforms Sees Stock Gain amid Positive Investor Sentiment
Investor sentiment towards Meta Platforms (NASDAQ: META) was positive on Thursday, October 12, 2023, following a favorable ruling for Alphabet in an antitrust case. Meta’s stock increased by 1.6%, nearly double the percentage increase of the S&P 500 index.
U.S. District Court Judge Amit Mehta’s decision indicated that Google does not need to break up its business, as no major punitive measures were implemented aside from requiring data sharing with some peers. This ruling alleviated concerns among tech investors, including those in Meta, which is closely watched by regulators.
Additionally, Wedbush Securities identified Meta as a leading stock poised to benefit from the artificial intelligence revolution, further boosting investor confidence.
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