Meta Platforms Acquires AI Startup Manus
Meta Platforms Inc has acquired Manus, a Singapore-based AI startup, for approximately $2 billion. This acquisition aims to enhance AI business innovation. Following the announcement, META's stock rose by 1.9% to $671.05, marking a third consecutive gain. The stock has faced resistance at $675, and options traders are showing a call-skewed trend. Current volatility expectations are low, as indicated by a Schaeffer's Volatility Index of 23%.
Schaeffers·