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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 …
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
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
Mark Zuckerberg has brilliantly cornered us
The Meta CEO said on an earnings call that the company's AI assistant was on track to become "the m…
Lloyd Lee,Hasan Chowdhury
Tech stock sell-off may herald the long-awaited AI reckoning
AI-focused stocks including Nvidia, Apple and Microsoft face a brutal slide that raises questions a…
Hasan Chowdhury
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
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
Why Meta's shiny new dividend and whopping $50 billion buyback plan may divide investors
Mark Zuckerberg's Meta aims to please investors with dividends and buybacks, but the likes of Warre…
Theron Mohamed
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
A product manager who worked at Meta and Google reveals which company is best for work-life balance
A product manager who worked for both Meta and Google reveals the companies' biggest cultural diffe…
Lloyd Lee
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
The US economy is surging – but problems elsewhere could still torpedo profits for big companies like Apple and Tesla
China's slowing economy and the war between Israel and Hamas are spooking top American executives d…
Huileng Tan,George Glover
'AI advancement driving engagement': Here's how Wall Street is reacting to Meta's 3rd-quarter earnings
"We believe Meta continues to execute well and remains disciplined, and we would be buying the pull…
Matthew Fox
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…
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
Nvidia CEO predicts $1 trillion will be spent over 4 years upgrading data centers for AI. A lot of that bill will probably be paid by Amazon, Google, Microsoft, and Meta.
Big tech companies and hyperscale cloud providers face a massive Nvidia-powered bill for AI data ce…
Alistair Barr
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
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
Mark Zuckerberg said the word 'AI' no less than 27 times during a Meta earnings call this week
Mark Zuckerberg wants everyone to know Meta is also interested in AI. Overall, the word "AI" was us…
Grace Kay
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 …