"Meta Connect 2023: Quest 3, AI, and Virtual Reality - A Game-Changing Conference"

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Source: Investor's Business Daily
"Meta Connect 2023: Quest 3, AI, and Virtual Reality - A Game-Changing Conference"
Photo: Investor's Business Daily
TL;DR Summary

Meta Platforms, the parent company of Facebook and Instagram, is set to unveil its new Quest 3 virtual-reality headset and generative AI tools at its two-day Connect conference. The company's stock has rallied 150% this year, driven by restored confidence in its digital advertising prowess. However, there are concerns about growth expectations and potential headwinds such as privacy regulation. Meta's earnings report showed continued user growth and strong revenue predictions for the third quarter. The company has also made strides in rebuilding its advertising edge after Apple's privacy changes.

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