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Wall Street is bullish on Meta earnings as analysts eye an AI boost for the tech titan

Analysts are bullish on Meta earnings ahead of the Facebook parent's third-quarter report. BofA nam…

Jennifer Sor   


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4 mins read

OpenAI's AI-adjusted earnings numbers have echoes of Groupon and WeWork

The startup is asking investors to ignore the cost of AI model training, according to The Informati…

Alistair Barr   


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6 mins read

Earnings season is here. These are the biggest storylines the market is watching.

In today's big story, we're looking at what to expect during a critical earnings season.

Dan DeFrancesco   


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3 mins read

'Potential boost from TikTok uncertainty': Here's what Wall Street expects from Meta's 2nd-quarter earnings

"Our 2Q advertising checks and time at Cannes suggest that the broader online advertising market is…

Matthew Fox   


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4 mins read

Facebook cofounder accuses Tesla of being the next 'Enron'

Asana founder Dustin Moskovitz called Tesla the next "Enron" and speculated that people "are going …

Lloyd Lee   


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2 mins read

BBMP’s newest contest can earn you up to Rs 1 lakh for uploading 'Dengue Warrior' reels on social media!

BBMP launches contest with Rs 1 lakh prize for dengue prevention as cases reach 2,000 in Bengaluru.…

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1 min read

History made after name change as Facebook reports fall in daily active users for the first time in 18 years

Facebook’s parent company Meta reported its earnings reports for the fourth quarter ending December…

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Nasdaq leaps 3% as investors cheer tech earnings and sidestep weak GDP report

Apple and Amazon were set to report results after the closing bell. Meta Platforms' stock pop after…

Carla Mozée   


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2 mins read

The stark contrast between Meta and Tesla earnings reactions reveals the uncanny power of Musk's promises

Elon Musk managed to turn around Tesla's stock slide with a couple promises.

Nora Naughton   


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Stock market today: US stocks mixed as traders brace for GDP data and more earnings

Meta Platforms will report earnings after the closing bell, with Microsoft and Alphabet on deck for…

Jennifer Sor   


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2 mins read

Facebook parent Meta lost $251 billion of value in the worst wipeout ever. That's more than Netflix, Nike and McDonald's are each worth.

No company has ever shed more value in one day on US stock markets than Facebook parent Meta, with …

Harry Robertson   


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2 mins read

Meta scraps celebrity AI chatbots after less than a year, despite reportedly paying top creators as much as $5 million

Meta is shifting focus to its new AI Studio, which lets users create their own AI bots.

Beatrice Nolan   


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'Shark Tank' star Kevin O'Leary says he's buying the dip in Facebook parent Meta after the stock's record one-day crash

The billionaire investor said he's waiting until institutions "flush" out their Meta positions to a…

Adam Morgan McCarthy   


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Facebook-parent Meta planning massive layoffs: Report

After mass layoffs at Twitter, it is another Big Tech company's turn as the Mark Zuckerberg-led Met…

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2 mins read

Facebook blames prepaid tariff hike in India for slow user growth

"In Asia-Pacific and Rest of World, we believe Covid resurgences during prior periods pulled…

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4 mins read

'Holiday halo bodes well for advertising spend': Here's what 4 Wall Street analysts expect from Facebook's 4th-quarter earnings report

Investors should expect a strong fourth-quarter earnings report from Facebook, but Apple's advertis…

Matthew Fox   


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2 mins read

JPMorgan downgrades Facebook parent Meta for the first time ever and removes it from its top-ideas list after earnings disaster

Meta stock is undergoing a valuation re-rating that now makes it cheaper than the S&P 500 index on …

Matthew Fox   


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Facebook parent Meta soars 16% after Q1 results show user growth recovery, and Mark Zuckerberg reins in metaverse spending

Meta CEO Mark Zuckerberg said he's slowing the pace of the Facebook parent's investment in new proj…

Shalini Nagarajan   


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1 min read

Facebook briefly drops 6% after Bloomberg incorrectly publishes disappointing forward guidance for revenue

The financial news and data firm acknowledged the mistake shortly after. Facebook reports its secon…

Brian Evans   


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3 mins read

'Anticipate upside to Q3 results': Here's what 6 Wall Street analysts are saying about Facebook before its 3rd quarter earnings report

Many analysts will be looking out for the tech giant's advertising revenue after some advertisers p…

Emily Graffeo