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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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2 mins read

Stock market today: Microsoft, Meta drag tech stocks lower on concerns over AI spending

Tech shares dropped on Thursday, led by mega-cap titans Microsoft and Meta. Investors were bracing …

Kelly Cloonan   


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4 mins read

Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal

Recent layoffs at Meta point to a tech industry playbook of making recurring cutbacks. Yet these re…

Tim Paradis   


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WhatsApp now allows video calls with 32 people, screen sharing and more

Mark Zuckeberg-led Meta has started rolling out a new update for WhatsApp that brings new features …

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Meta's Gen Z secret weapon is Facebook Marketplace

Facebook Marketplace could help Meta draw in Gen Z users looking for a bargain and who might have s…

Jordan Hart,Sarah Jackson   


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Meta's use of AI has far from peaked. But the technology may already be getting the company in trouble.

Mark Zuckerberg recently predicted that AI will revolutionize targeted ad services. But AI may alre…

Lloyd Lee   


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Stock market today: Indexes dip after Meta earnings and new labor-market data

The losses come despite strong Meta earnings as investors focus on weekly jobless claims data that …

Kelly Cloonan   


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Stock market today: Indexes drop as tech shares slide before Apple, Amazon earnings

Indexes fell for a second day on Thursday as investors reacted to the latest tech earnings and dige…

Kelly Cloonan   


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Biden campaign calls Meta's reinstatement of Trump accounts 'a direct attack on our safety and our democracy'

Meta rolled back January 6-era restrictions on former President Donald Trump's social media account…

Katherine Tangalakis-Lippert   


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Warren Buffett-led Berkshire Hathaway becomes first non-tech US company to cross USD 1 trillion market cap

The stock price of Berkshire Hathaway surged by USD 3.96 on the New York Stock Exchange, closing at…

ANI   


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1 min read

Mark Zuckerberg sold Meta shares worth more than $400 million in the last 2 months of 2023

It's the first time in more than two years that the Facebook founder sold some of his stake in the …

George Glover   


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Bears weigh on Indian markets due to negative global cues

Indian benchmark indices opened on a weak note on Thursday tracking global markets that are under p…

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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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8 mins read

Here's how much money I made as a software engineer at Meta, Apple, and Oracle

A 32-year-old software engineer shares how he went from making $15,000 as a fresh grad to nearly $7…

Robin Madell   


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1 min read

Meta asks advertisers to disclose use of AI in political, social ads

Advertisers will now have to disclose whenever political ads contain a photorealistic image or v…

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2 mins read

The rise and fall of Zuck: From the third richest person in the world to 18th, Zuckerberg’s fall reflects that of Facebook’s

Mark Zuckerberg, once the third richest person in the world, is now over a dozen positions lower in…

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3 mins read

'Reels, Messaging, and AI:' What Wall Street analysts expect from Meta as it gears up for first-quarter earnings

Wall Street is upbeat heading into Meta Platforms' first-quarter earnings, with analysts touting it…

Filip De Mott   


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Meta stock skyrockets 20% after earnings. Here's what Wall Street is saying.

"With a large capex budget, internal AI supercomputer, inhouse LLM and custom AI chips, we think Me…

Matthew Fox   


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1 min read

WhatsApp's new feature to allow users share status updates to FB Stories

Meta-owned WhatsApp is reportedly developing a new feature, which will allow users to share their s…

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2 mins read

IBM, Meta launch AI Alliance to build open, responsible AI

"This is a pivotal moment in defining the future of AI. IBM is proud to partner with like-mind…