HomeMost PopularMeta Platforms Unveils Innovative Smart Glasses at Latest Tech Event

Meta Platforms Unveils Innovative Smart Glasses at Latest Tech Event

Daily Market Recaps (no fluff)

always free

Meta’s Latest Venture: New Smart Glasses and Mixed Market Signals

Meta Platforms (META) has introduced its innovative Orion smart glasses, utilizing augmented reality technology. This launch marks a significant collaboration with Ray-Ban, as the glasses can run apps like a holographic chess game or digital ping pong, projecting graphics onto the user’s real-world environment.

The Orion glasses are part of Meta’s ambitious multibillion-dollar initiative aimed at developing the “Metaverse,” a concept that envisions deeper online interactions within virtual spaces.

Firearm Advertisements on Meta’s Platforms

In a concerning report by CBS News, firearms are frequently promoted on Meta’s social media platforms, including Facebook and Instagram, despite the company’s long-standing ban on the sale of firearms through its services.

Many of these advertisements evade Meta’s policies by guiding users to the Telegram platform for purchases. This revelation is particularly surprising given Meta’s strict rules against such practices, established since 2016.

Prospects for META Stock

On Wall Street, META stock enjoys a Strong Buy consensus among analysts, with 42 Buy ratings, three Holds, and one Sell issued over the last three months. Having surged by 79.28% over the past year, the average target price for META stands at $615.08 per share, suggesting an upside potential of 5.08% from its current level.

Screenshot 2024 10 10 at 13 03 07 Meta Platforms META Stock Forecast Price Targets and Analysts Predictions TipRanks.com

See more META analyst ratings

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Do you want a daily market summary with no fluff?

Simple Straightforward Daily Stock Market Recaps Sent for free,every single trading day: Read Now

Explore More

Simple Straightforward Daily Stock Market Recaps

Get institutional-level analysis to take your trading to the next level, sign up for free and become apart of the community.