15 AI Stocks That are Making Headlines

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3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. On November 26, news agency Reuters reported that the company, which is integrating AI products into Instagram and WhatsApp, the two most important social media platforms it owns, will face a trial in April over allegations that the platform bought Instagram and WhatsApp to crush emerging competition. In 2020, the FTC sued the company, alleging it acted illegally to maintain a monopoly on personal social networks. The FTC claims Meta overpaid for Instagram and WhatsApp to eliminate new threats.

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