Meta work on search engine a ‘sentiment negative’ for Google, says BofA

October 30, 2024

BofA analyst Justin Post notes that The Information reported that Meta (META) is developing a search engine that scans the web to provide conversational answers about current events and news in its Meta AI chatbot. While Meta’s AI initiatives are “not a surprise,” the growing news flow on potential competition in Search remains “a sentiment negative” for Alphabet (GOOG) (GOOGL) and Google search, the analyst tells investors. Still, the firm thinks Meta will be at a data and web scraping disadvan