Why Meta Platforms Stock Was Wilting on Wednesday

There is only so much attention a person can devote to social media sites. So, for investors in such companies it can be worrying when another digital attention-grabber appears on the scene. Particularly when it's competitive in a technology their investments might like to harness for their own gain. Such a dynamic was affecting Facebook, Instagram, and WhatsApp owner Meta Platforms (NASDAQ: META) on Wednesday. In late-session trading the bellwether social media stock was down more than 2% in price, contrasting unfavorably with the S&P 500 index's 0.4% rise.Late Tuesday afternoon OpenAI, the privately held developer of leading artificial intelligence (AI) app ChatGPT, announced the release of its latest AI video generation model. This is Sora 2, which as the name implies is the next generation of its original Sora app. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool