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1 min read
Bloomberg TV Star Susan Li Heads To CNBC
"I have long admired CNBC's dedication to excellence," said Li. "I am excited to be joining its tea…
Sam Ro
2 mins read
Facebook’s revenue drops for the first time ever and may fall further in the future
Facebook has reported loss in revenue in the June quarter for the first time since going public in …
1 min read
Meta extends its 3-day stock skid to 8% after warning of an advertising slowdown
The Big Tech giant posted a third-quarter earnings report that beat analysts' forecasts, but execs …
George Glover
1 min read
Meta to begin laying off another 11K employees in multiple waves next week
Meta (formerly Facebook) looks all set to lay off another 13 per cent, or roughly 11,000 jobs, in i…
1 min read
Meta's soaring profits just paid for its first-ever dividend
Meta declared a $0.50-per-share dividend, its first ever, and authorized a $50 billion buyback boos…
Sarah Jackson
3 mins read
Mark Zuckerberg is finally embracing his new role as Meta's Chopper-in-Chief. Here are the plans he just laid out to further cut costs in 2023.
Investors have been calling for months for the social media giant to pull back on spending. The fou…
Kali Hays
2 mins read
Mark Zuckerberg says people spent 24% more time on Instagram after Meta launched AI-powered Reels
People are "resharing Reels more than 2 billion times every day, doubling over the last six months,…
Nidhi Pandurangi
2 mins read
Trump appears to have tallied up all the players who knelt on Monday night, bashes 'weak and out of control' NFL
Trump's tweets follow a long pattern of him criticizing athletes, particularly the NFL, but now he …
Alex Lockie
1 min read
Oprah just favorited Meta's Ray-Ban glasses in the latest sign the product is taking off
Oprah Winfrey listed the Ray-Ban Meta Smart Glasses on her holiday gift guide. It could give the pr…
Katie Balevic
2 mins read
Mark Zuckerberg explains why he's happy to keep spending boatloads on AI
Meta reported better than expected third-quarter earnings on Wednesday, with Mark Zuckerberg citing…
Katie Balevic,Erin Snodgrass
1 min read
Meta says it's planning to shrink its office space as more employees are working remotely
Meta has embraced remote work, with top executives such as CEO Mark Zuckerberg working from Hawaii …
Kate Duffy
2 mins read
Meta is returning to China 14 years after Facebook was blocked by striking a deal with Tencent to sell its VR headsets
Meta sells ads to Chinese companies but it isn't allowed to operate its platforms in the country.
Jyoti Mann
3 mins read
Mark Zuckerberg's metaverse ambitions are shrinking
The Facebook founder went from talking up the metaverse to barely mentioning it at all. He only men…
Kali Hays
2 mins read
Meta continues to burn through cash for its flailing metaverse and VR project, which lost $3.7 billion in the 3rd quarter
Meta CEO Mark Zuckerberg said the metaverse was still a "major long-term focus," along with AI.
Jyoti Mann
2 mins read
Mark Zuckerberg's metaverse just keeps losing money, as Meta's Reality Labs division posts a loss of $13.7 billion for the year
Reality Labs, the business and research unit of Meta that focuses on the metaverse, reported a loss…
Lakshmi Varanasi
2 mins read
10 things you need to know before the opening bell
President Donald Trump talks to the media about the table full of fast food in the State Dining Roo…
Jonathan Garber
2 mins read
Three-fourths of Republican voters say they support net neutrality - and party lawmakers are starting to speak out against repealing it
Meanwhile, Sen. Susan Collins of Maine, and representatives Dave Reichert of Washington, Mark Sanfo…
Steve Kovach
2 mins read
Meta says it's laying off staff and easing off hiring to reduce costs – but will keep pumping billions into Mark Zuckerberg's metaverse
Meta's CFO said Wednesday the company was shrinking headcount in some teams, keeping it flat in oth…
Grace Dean
2 mins read
Meta CEO Mark Zuckerberg makes a U-turn on metaverse spending as Reality Labs is hit with a new 'efficiency' mantra
Meta founder and CEO Mark Zuckerberg wants to be leaner as his metaverse division Reality Labs lost…
Kali Hays
2 mins read
Meta's expensive flop: An executive reportedly told employees the company won't make a follow-up to its $1,500 'Pro' VR gadget
Meta's chief technology officer told employees the company is not following up with a second Quest …