Core Insights - Meta Platforms is shifting its artificial intelligence strategy towards a closed, monetizable AI model codenamed "Avocado," potentially incorporating technology from Chinese companies like Alibaba [1][2] - This change marks a departure from Meta's previous focus on open-source models, which limited commercialization opportunities [2] Company Overview - Meta Platforms, the parent company of Facebook, Instagram, WhatsApp, and Messenger, is the largest social media company globally, with a market capitalization of $1.6 trillion and 3.54 billion daily active users across its apps [3] Stock Performance - Meta's shares have increased by 10% in 2025, underperforming the S&P 500's 16% year-to-date performance [4] - The stock is currently trading at a price-to-earnings ratio of 28.5, above its historical average of 24.9 [5] Financial Performance - In the third quarter, Meta reported revenue of $51.24 billion, a 26% increase year-over-year, with earnings per share of $7.25, surpassing expectations of $6.61 [6] - The revenue growth was driven by a 14% increase in advertising impressions and a 10% rise in the average price per ad compared to the previous year [6]