Meta's Muse Hits 10.9M Downloads in 40 Days as ChatGPT US Installs Slide 25%
META sits 33% above its 52-week low of $520.26.
Summary
Muse, Meta's AI agent launched in September, crossed 10.9 million downloads in about 40 days, with 10.2 million from the U.S., per Sensor Tower data. It topped 2.5 million daily active users on October 16 and grew users 15% week over week in the prior seven days. Over the same stretch, U.S. ChatGPT downloads fell 25% versus the prior 30-day period, a notable share shift toward Meta's product. The adoption data lands the day of Meta's Q3 earnings, due after the bell Wednesday, and follows July's Q2 print where revenue rose 28% to $60.8B but operating income fell 8% on AI spending and a $2.4B legal charge. A Deutsche Bank analyst has said Muse could eventually reach as much as 8% of Meta's revenue by 2030. The offset: Meta suspended Muse's conversation-sharing feature Tuesday after Claroc researchers found roughly 6,800 chats exposed through predictable sharing URLs, a privacy issue that could temper the rollout narrative.
At the time of this announcement, META was trading at $690.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $520.26 to $779.82. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.