1 Member of Congress Has Been Loading Up on This Artificial Intelligence (AI) Stock, and I Am, Too [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Other times, their financial advisors are making moves just like average investors, so blindly following these trades isn't the best idea, either. However, with emerging technology like artificial intelligence (AI), understanding what lawmakers are doing seems like a wise idea, as some guardrails may be emerging around the technology. Furthermore, it makes you wonder when you see a member of Congress making transactions nearing $1 million in Meta Platforms (NASDAQ: META) U.S. Rep. Michael McCaul, a Texas Republican, has been heavily trading Meta's stock, which is notable because he supported a new law that could lead to the Chinese social media platform TikTok being banned in the U.S. Many lot of his actions have been short-term in-and-out trades, but he's increased his position by $73,000 in March (the last month we have data for). Regardless, Meta looks like an excellent buy right now, no matter what politicians are buying or the particular reasons behind their transactions.
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META
News
- 'White-owned businesses' also awarded contracts as part of JFK renovation plan | Fact check [USA TODAY]USA TODAY
- Meta's Oversight Board takes its first Threads case [Yahoo! Finance]Yahoo! Finance
- Meta's Oversight Board takes its first Threads case [TechCrunch]TechCrunch
- What happened when TikTok said users can't promote weight-loss drugs [Yahoo! Finance]Yahoo! Finance
- Hamster Wheel: Telegram's Social Gaming Brings Millions to Crypto [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- META's page on the SEC website