Streetbeat News

METU

Direxion Shares ETF Trust

Open

31.44

Mkt cap

68M

Volume

706K

High

34.42

P/E Ratio

23.63

52-wk high

52.12

Low

31.18

Div yield

0.01

52-wk low

20.85

Meta Platforms, Inc. (NASDAQ:META) is facing a potential EU fine for allegedly monopolizing the classified advertising market through its Marketplace service. The EU's antitrust investigation, led by Margrethe Vestager, could result in a decision as early as next month. Meta is cooperating with regulators to demonstrate its competitive practices. Investors can access Meta stock via Direxion Daily META Bull 2X Shares (NASDAQ:METU) and The Communication Services Select Sector SPDR Fund (NYSE:XLC).

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 1:23 pm

Meta Platforms, Inc. (NASDAQ:META) has partnered with Sage Geosystems to expand geothermal energy in the U.S., providing up to 150 MW of new power for Meta's data centers. This marks a significant step in sustainable energy, with the first phase operational by 2027.

Portfolio Pulse from Lekha Gupta

August 27, 2024 | 10:44 am

Meta Platforms, Inc. (NASDAQ:META) is facing a lawsuit from Ethan Zuckerman, a professor at the University of Massachusetts-Amherst, over user control on Facebook. The lawsuit aims to release a browser extension, Unfollow Everything 2.0, which would allow users to unfollow all friends, groups, and pages at once, effectively turning off their newsfeed. Meta has filed a motion to dismiss the suit, calling it baseless. Despite the lawsuit, Meta's stock and related ETFs have seen slight gains.

Portfolio Pulse from Michael Juliano

August 21, 2024 | 7:11 pm

Polish billionaire Rafal Brzoska and his wife plan to sue Meta Platforms Inc. (NASDAQ:META) for allegedly featuring fake advertisements with their images on Facebook and Instagram. Despite notifying Meta in early July, the issue remains unresolved. Meta claims it removes false ads when identified and collaborates with local authorities to combat scammers. The lawsuit may be filed in the U.S. if European actions are insufficient. Meta's stock and related ETFs saw gains in mid-day trading.

Portfolio Pulse from Michael Juliano

August 13, 2024 | 4:55 pm

Meta Platforms, Inc. (NASDAQ:META) has banned approximately 63,000 accounts in Nigeria involved in sextortion scams targeting U.S. men. The company also removed 7,200 assets related to scam activities. Meta faces increasing pressure from governments to address platform safety and was recently fined $220 million by Nigeria's competition watchdog for violating local laws. META stock has gained over 60% in the past year but closed 5.61% lower recently.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2024 | 10:26 pm

Meta Platforms Inc (NASDAQ:META) faces mixed sentiments as Wolfe Research gives it an Outperform rating with a $620 price target, while concerns about its ad business and earnings surprises persist. Direxion's METU and METD ETFs allow traders to leverage or inverse trade META stock, with recent market volatility impacting their performance.

Portfolio Pulse from Joshenomoto@benzinga.com

July 18, 2024 | 12:11 pm

Direxion has launched two new ETFs, Direxion Daily META Bull 2X Shares (NASDAQ:METU) and Direxion Daily META Bear 1X Shares (NASDAQ:METD), to capitalize on Meta Platforms Inc's (NASDAQ:META) growth in AI and the metaverse. These ETFs are designed for short-term trading and require daily monitoring.

Portfolio Pulse from Surbhi Jain

June 18, 2024 | 12:02 pm

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