Meta Platforms Updates Data Policy for AI Training Using European User Content Amid Stock Surge

Meta Platforms, known for social media giants Instagram and Facebook, has recently updated their data usage policies. They are now including content shared publicly by European users in their artificial intelligence (AI) training programs. This decision is part of their strategy to refine AI features and has resulted in revised privacy notifications to users in Europe.

Concerns Over Privacy and Compliance

Despite Meta's push for transparency, the tech behemoth is facing pushback from Noyb, an advocacy group dedicated to digital rights. Noyb has swiftly responded by filing a series of complaints throughout Europe, advocating for a shutdown of Meta's current data practices, arguing that they breach privacy standards and potentially flout EU regulations.

Meta's Financial Performance

On the financial side, Meta's stock price has had a rollercoaster ride. Speaking of resilience, after a drop of 22% in April, the prices recovered significantly, showcasing over 40% growth year-to-date. What's more astonishing is the 469% surge from the record low of November 2022. These figures illustrate Meta's robust recovery and hint at the possibility of a solid upward momentum in the long term.

Key Stock Market Movements

Despite earnings outpacing expectations, with $4.71 over the estimated $4.32, the month of April saw a noticeable drop in stock value. However, the stocks bounced back, reaching heights that brought the company's valuation close to previously set record highs. June witnessed a 7% increase, playing a considerable role in the dramatic upswing this year. With the market closing at $502.60 on June 10th, Meta's trajectory continues to spark interest among investors.

Meta, AI, Privacy