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.
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