Meta Platforms shares rise 1.57% intraday after rolling out a new feature allowing up to 10,000 characters in posts.

Meta Platforms, Inc. rose 1.57% intraday, with the company rolling out a new feature that allows users to attach up to 10,000 characters of text to a post, helping people more easily express themselves and promote their work. Additionally, the U.S. Federal Trade Commission is preparing to scrutinize the mental health risks of AI chatbots to children, which may have a negative impact on the company. However, the overall market sentiment was positive, with the S&P 500 posting a closing record high and shares of other major companies like Amazon and Broadcom also rising.