META & SNAP Earnings: Adoption Of A.I. Trends In Social Media Stocks

The changes at Meta Platforms (META) are taking shape, notes Noah Hamman. He and Anthony Bartolacci have their eyes on social media stocks. They talk about how META's 1Q family daily active people came in at 3.02B which is up 5% year-over-year. Anthony mentions that the company cited strength in "Reels" and data shows a significant increase in ad spend among the top U.S. advertisers across both Facebook and Instagram. They go over how META's 1Q ad impression across its family of apps is up 26% year-over-year. They then go over Snap Inc.'s (SNAP) earnings and the A.I. adoption trends among social media stocks. Tune in to find out more about the stock market today.