Meta's $61.39 Billion Trading Volume Lands Ninth in Market Activity

On July 23, 2025, Meta's trading volume reached $61.39 billion, ranking ninth in the day's stock market activity. Meta's stock price increased by 1.24%.

Meta, a leading technology company, has been actively involved in discussions surrounding open standards, particularly in the realm of digital identity. The concept of an open standard is multifaceted, encompassing various aspects such as accessibility, governance, and intellectual property rights. The ITU-T, a United Nations-recognized standards body, defines open standards as specifications that are publicly available, developed through a collaborative process, and intended for widespread adoption. This definition emphasizes transparency, due process, and fair access to intellectual property.

In the context of digital identity, open standards are crucial for ensuring interoperability, security, and ethical considerations. However, the implementation of these standards varies across different organizations. For instance, the ISO/IEC standards process is highly structured but often requires payment to access specifications. The FIDO Alliance, known for its work on passkeys and strong authentication, operates on a pay-to-play model, where participation requires paid membership but specifications are freely available once published. The OpenID Foundation and W3C also have their own models, blending inclusivity with formal governance and structured participation.

Despite the variations, the goal remains to build systems that are accountable, adaptable, and inclusive. While some standards processes may have limitations, they still represent progress compared to closed systems. The Cyrus Foundation, for example, demonstrates a modern, open-leaning approach by prioritizing public standards and maintaining a transparent development process. This balanced approach ensures that digital identity infrastructure is treated as a shared foundation, benefiting the broader ecosystem.