Meta Platforms enhancing Facebook for young adults with AI technology, leading to highest engagement in years.

From Nasdaq: 2024-06-03 11:01:00

Meta Platforms is enhancing Facebook to cater to young adults, focusing on social discovery with AI technology and practical tools for life transitions. This has led to the highest engagement in three years, with over 40 million daily users in the U.S. and Canada. (50 words)

Meta Platforms’ commitment to social discovery and AI innovation sets Facebook apart for young adults, improving content recommendations and video experiences. The company aims to extend advanced recommendation technology to Facebook’s video ecosystem by 2026. Facebook now offers creators more opportunities for content monetization. (50 words)

Meta Platforms’ initiatives to boost engagement among users have been driving prospects, with advanced AI models and services in development. The company expects strong revenue growth for the second quarter of 2024, with estimates indicating a 19.22% increase year-over-year. Meta Platforms currently holds a Zacks Rank #3 (Hold). (50 words)



Read more at Nasdaq: Meta Platforms’ (META) Facebook Focus to Aid Prospects