Meta's Trading Volume Drops 34.66% to $96.86 Billion, Ranks Fifth in Market Despite 3.79% Gain

On March 24, 2025, Meta's trading volume reached $96.86 billion, a 34.66% decrease from the previous day, ranking fifth in the day's stock market. Meta (META) rose by 3.79%, marking its fourth consecutive day of gains, with a total increase of 6.27% over the past four days.

Meta Platforms Inc. encountered a significant setback in its AI chip development efforts as FuriosaAI, a Seoul-based startup, reportedly declined an $800 million acquisition offer. This rejection highlights the challenges Meta faces in expanding its AI capabilities through acquisitions.

FuriosaAI's decision to remain independent underscores the startup's confidence in its own growth trajectory and technological advancements. The company, led by June Paik, focuses on developing AI chips and has chosen to pursue its own path rather than being acquired by a larger corporation.

Meta's strategic interest in India's Reliance Industries is part of its broader plan to strengthen its presence in the region. This move comes as Meta continues to explore opportunities to enhance its AI capabilities and market reach, despite recent setbacks in its acquisition efforts.