![]() ![]() The company has vast holdings in the social networking, internet services, payment systems, and video gaming markets. First of all, Tencent is a behemoth in China. This is significant for more than one reason. Specifically, the company has a preliminary agreement with Tencent (OTCMKTS: TCEHY) to sell virtual reality ( VR) headsets in China. In case that’s not enough, there’s another bullish catalyst in the works for Meta Platforms. One Catalyst After Another for META Stock In time, we may have more data to show how the collaboration with Amazon might bolster Meta Platforms’ bottom line. This arrangement should benefit both companies and the customers as it makes the shopping experience quicker and more convenient. With that, according to an Amazon spokesperson, shoppers “will be able to shop Amazon’s Facebook and Instagram ads and check out with Amazon without leaving the social-media app.” They must link their Amazon accounts to their Instagram/Facebook profiles. It’s a simple process for Instagram and Facebook users. On that topic, Meta Platforms is, per a Bloomberg report, testing out a feature that allows its users to purchase “Amazon products directly from ads on Instagram and Facebook.” META stock is a huge company, but it’s not too big to benefit from an agreement with America’s e-commerce juggernaut, Amazon (NASDAQ: AMZN). As Meta networks with other industry giants, META stockholders will continue to win, and the skeptics will just have to step aside. For example, the company opened up its generative artificial intelligence ( AI) large language model (LLM), Llama 2, for commercial use with Microsoft (NASDAQ: MSFT) and other large-scale cloud providers.Īs we’ll discover, that’s not Meta Platforms’ only crucial collaboration. The final months of 2023 should be outstanding for META stock and its investors, and 2024 could be another year for the buyers to remember and the sellers to regret.Īmong other things, Meta Platforms derives value from its powerful partnerships. After a rally that just won’t stop, are you still reluctant to buy Meta Platforms (NASDAQ: META)? Get over it! There’s much more room to grow and gain value from Meta Platforms.
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