August 22, 2024
“The Mark Zuckerberg run company has seen its shares gain 13% this month, far outperforming Big Tech peers despite reporting another jump in capital expenditures and pledging to spend even more going forward. The stock rose 0.3%, inching closer to… Continue Reading…
June 28, 2024
“Meta is the only stock in the so-called Magnificent Seven that hasn’t ever split shares. And, though the stock is off all-time highs hit in April, it’s up more than 450% from a 2022 trough. Trading at more than $500… Continue Reading…
March 21, 2024
“…AI could soon propel Oracle (NYSE: ORCL) to a $1 trillion valuation, too. It operates industry-leading AI data center infrastructure, and the company is building capacity at a record pace because it simply can’t keep up with demand. As of this writing, Oracle… Continue Reading…
February 7, 2024
“Meta shares closed up more than 20% on Friday after the company reported a tripling in fourth-quarter profit and issued its first-ever dividend. Revenue rose 25% in the fourth quarter for Meta to $40.1 billion from $32.2 billion a year earlier.… Continue Reading…
January 24, 2024
“…Facebook, now known as Meta, is out of the news business, a move that’s disrupted the traffic flow for many publications — Mother Jones has seen a 99% drop in Facebook referrals since its peak — and had disastrous consequences for… Continue Reading…
June 1, 2023
“Meta, the parent company of Facebook and Instagram, has threatened to remove news posts from those social media platforms should Assembly Bill 886, dubbed the California Journalism Preservation Act, become law. The measure, authored by Assemblywoman Buffy Wicks, D-Oakland, would… Continue Reading…
May 23, 2023
“…Mark Zuckerberg has seen his fortune surge this year – and nobody on Bloomberg’s rich list comes close to his $44 billion gain so far in 2023. The Meta CEO has made more than anybody else on Bloomberg’s Billionaire Index this year,… Continue Reading…
May 22, 2023
“Meta has been fined a record 1.2 billion euros ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S. The decision links back to a case brought by Austrian privacy campaigner Max Schrems who… Continue Reading…
April 27, 2023
“Meta shares gained more than 15% on Thursday, reaching a new 52-week high, as analysts and investors digested positive guidance for the upcoming fiscal quarter and an unexpected sales increase for the first quarter of 2023. The company reported strong… Continue Reading…
November 7, 2022
“Meta Platforms Inc. META 6.17%increase; green up pointing triangle is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the… Continue Reading…
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