Meta Stock Gains. Here Are Two Reasons Why.
Meta Platforms (META) stock gained in Monday trading, adding to a recent rally. The social media giant announced it would soon incorporate advertising into WhatsApp and also got a price-target hike from a Wall Street analyst.
The Facebook parent company announced in a blog post that it would show ads within WhatsApp, a move anticipated by investors since Meta acquired WhatsApp for $19 billion in 2014. The ads will appear in an “Updates” tab separate from users’ personal conversations, Meta said.
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