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The Latest Breaking News from Meta

Meta beats expectations on revenue, profits but AI spending spooks investors

Meta announced a 27 percent jump in Q1 revenues but still saw shares tank after hours, amid fears over the social media giant's increased capital expenditure on AI infrastructure. Also in this edition: British mining giant BHP makes a $39 billion bid for its rival Anglo American, and Boeing's losses…

France 24

Meta launches Llama 3 — the "FASTEST AI image generation" ever seen!

“The goal eventually is to help take things off your plate, just help make your life easier," Chris Cox, Meta's chief product officer said in an interview

Digital Camera World

US Stock Futures Dip As Meta Platforms Impact Megacaps

US stock market futures weaken as Meta Platforms' disappointing earnings impact tech sector and market sentiment. Analysts advise caution in uncertain mark...

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Meta's Stock Plunges As AI Investment Plans Worry Investors

Meta's stock tumbles 13% as it announces plans to invest billion in AI projects, raising investor concerns.

Top News

Stocks Plunge Before the Open as Meta’s Revenue Forecast Disappoints, U.S. GDP Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM24) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.87% this morning as a disappointing revenue outlook for the current quarter from Meta weighed on sentiment, while market participants braced for a new round of U.S. economic data and quarterly reports…

Barchart

Meta Profits Soar But Costs Of AI Cause Worry

The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total revenue, mainly from selling ads, up an impressive 27 percent, at $36.5 billion.

Latin Times

Meta Stock Drops 16% In Frankfurt Amid Revenue Forecast

Meta shares plummeted 16% in Frankfurt due to increased AI spending and revised revenue forecast, sparking concerns about future financial performance.

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You won't get an affordable Apple Vision Pro in 2025, but there's a perfect VR headset you can buy now

You don't have to pay $3,500 for the Apple Vision Pro, and you don't have to wait any longer for an affordable version. Here's why you should consider the Meta Quest 3 and Meta Quest 2.

Laptop

Asian Markets Mixed As Global Rally Stalls, Eyes On Yen

Asian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far.

International Business Times

Meta's new spatial framework could transform Horizon OS into a true Apple Vision Pro competitor

Horizon OS is getting a new spatial framework that will let mobile developers easily bring existing or new apps over to Meta's Quest headsets or any new headsets running Horizon OS.

Laptop

Meta Q1 2024 earnings highlight AI focus amid strong Quest sales

Meta released its Q1 2024 earnings on Wednesday, beating revenue expectations with increased ad spend and strong Quest sales.

Android Central

Meta Forecast Impacts Tech Peers In Extended Trade

Meta Platforms Inc.'s disappointing forecast causes stock price declines in tech industry, raising concerns about future growth prospects.

Top News

Meta Sees Profits Soar In First Quarter

Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter as the company continues to see stellar ad growth across its family of world-leading social media apps.

International Business Times

Meta Increases 2024 Expenses To Boost AI Development

Meta, formerly Facebook, increases expenses to advance AI technologies, enhancing user experiences and staying competitive in the digital landscape.

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The Guardian - US

Meta says revenue will be weak as it spends even more on AI

Push to integrate AI into Meta products boosts financial results, with sales and profits beating analysts’ expectations

TV Tech

IAB Makes Three Appointments to Its Leadership Team

The group fills key positions with Cintia Gabilan as VP of Media Center, Arlene Mu, assistant general counsel, and Nadine Karp McHugh, executive in residence

Kiplinger

Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings

The Dow Jones Industrial Average snapped a four-day winning streak after Boeing's first-quarter results.

Kiplinger

TikTok Ban Passes Ahead of Meta Earnings: What To Know

Lawmakers voted in favor of banning social media platform TikTok just ahead of rival Meta Platforms' earnings report.

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Barchart

META Q1 Earnings Preview: Will Meta Platforms Go the Way of Tesla, or Netflix?

Meta Platforms will release its Q1 earnings after the bell today. Will the stock hit new record highs after the report, as it did after its previous earnings call - or plunge, like its FAANG peer Netflix?

TechRadar

A huge Meta AI update finally arrives on Ray-Ban Meta smart glasses... for some

Your Ray-Ban Meta smart glasses finally got the Meta AI update we've been waiting for, in the US and Canada only.

Barchart

Nasdaq Futures Rise on Tesla Boost, Meta Earnings in Focus

June Nasdaq 100 E-Mini futures (NQM24) are trending up +0.53% this morning as Tesla surged on new EV promises and investors looked ahead to the next round of corporate earnings.

International Business Times UK

Elon Musk Woes Continue: Meta Threads Poised to Overtake X

Meta's Threads challenges X (formerly Twitter) in the US with a positive user experience focus but faces an uphill battle against X's 550M users.

Android Central

Ray-Ban Meta smart glasses just got a huge AI boost and video calling support

In a massive update, Meta added video call and multimodal AI support to its Ray-Ban smart glasses, and is offering a new frame option too.

The Hindu

Analysing digital ad campaigns during the silence period of the first phase of the Lok Sabha elections

Analysis of digital ad campaigns during election silence period raises questions on Model Code of Conduct effectiveness.

Barchart

Should You Buy This Beaten-Down AI Stock for Its 4% Dividend Yield?

Sales of AI-enabled gadgets are expected to drive hardware sales over the next few years. PC maker HP looks like an AI play worth buying for its nearly 4% dividend yield and tepid valuations.

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