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The Latest Breaking News from Meta

Stocks Retreat as Persistent Inflation Dents Fed Rate-Cut Hopes

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.55%. US stock indexes Thursday closed moderately lower, led by weakness in technology stocks. Meta...

Alphabet earnings impress as the AI race heats up

Alphabet earnings impress as the AI race heats up

Alphabet announces its Q1 2024 financial earnings, reporting a 15% increase year-over-year on strong performance from Search, YouTube, and Cloud.

Android Central

Stock Market Today: Markets Tumble Amid Slower Economic Growth and Rising Prices

Stock Market Today: Markets Tumble Amid Slower Economic Growth and Rising Prices

Disappointing readings on GDP and inflation helped tank equities.

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Stocks Lower on Tech Stocks Weakness and Stagflation Fears

The S&P 500 Index ($SPX ) (SPY ) is down -0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.6%. US stock indexes are lower, led by weakness in technology stocks. Meta Platforms is down...

2 Best AI Growth Stocks to Own Right Now

Meta Platforms and Amazon have harnessed the power of AI to accelerate growth in the coming years.

Meta spent $4.3 billion on its VR division in three months, and made *checks figures* $440 million in return

Math isn't my strong point, but those numbers make my teeth hurt.

Exclusive: Meta's upcoming glasses are the OMG moment that AR needs

Our exclusive interview with the Head of AR Glasses Hardware at Meta, Caitlin Kalinowski, revealed new details about Project Nazare and what we should expect from Meta's first true AR glasses.

Android Central

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These are the Meta Quest alternatives we could get soon with Horizon OS, according to Mark Zuckerberg

These are the Meta Quest alternatives we could get soon with Horizon OS, according to Mark Zuckerberg

Mark Zuckerberg has teased five Meta Quest alternatives that would run on Horizon OS in a recent investor call.

Meta Stock Slides as AI Spending Ramps Up: What To Know

Meta Stock Slides as AI Spending Ramps Up: What To Know

Meta stock plunged after the Facebook parent increased spending on artificial intelligence and the metaverse.

Meta value falls $190bn as investors react to plan to increase spending on AI

Meta value falls $190bn as investors react to plan to increase spending on AI

Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products

The Guardian - US

Almost $200bn wiped off Meta's value as markets balk at Zuckerberg's AI spending plans

First-quarter results were strong, but investors weren’t pleased with the Facebook and Instagram owner’s spending plans

Evening Standard

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

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…

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

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 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.

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…

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.

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.

International Business Times

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.

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.

Android Central

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.

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.

International Business Times

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.

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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