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Why News Is Meta Stock Reacting To Today

Benzinga ·  Jun 1, 2023 23:43
  • Meta Platforms, Inc (NASDAQ:META) stock is up Thursday as CEO Mark Zuckerberg launched Meta Quest 3.
  • The session volume reached close to the 100-day average volume of 7.8 million.
  • Zuckerberg promised the successor to Meta's Quest 2 headset this fall.
  • Starting at $499, Quest 3 comes with the next-generation Qualcomm Inc (NASDAQ:QCOM) chipset.
  • Zuckerberg assured to divulge details during its Connect conference on September 27.
  • It appears to have at least three cameras on the front, to help see the natural world around them while wearing the headset and interacting with apps, CNBC reports.
  • Meta's announcement comes just before Apple Inc (NASDAQ:AAPL) looks to showcase its mixed reality headset product, Reality Pro, with price points in the ~$3k range at its annual WWDC in Cupertino next week.
  • In March, Meta slashed the price of Quest Pro to fend off competition from Apple's upcoming MR headset launch.
  • Price Action: Meta shares traded higher by 1.62% at $269.00 on the last check Thursday.
  • Photo via Wikimedia Commons
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