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The Latest Breaking News from Meta

Amazon Quarterly Profit Doubles As Cloud Business Grows

Amazon reported Thursday its profit in the recently ended quarter doubled to $13.5 billion with the help of renewed momentum of its AWS cloud computing business.

International Business Times

Stocks Retreat on Weak US Economic News

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -1.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.21% and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.44%. US stocks on Thursday gave up an early advance and sold off sharply, with...

Barchart

Meta just launched the largest ‘open’ AI model in history. Here’s why it matters

In the world of artificial intelligence (AI), a battle is underway. On one side are companies that believe in keeping the datasets and algorithms behind their advanced software private and confidential. On the other are companies that believe in allowing the public to see what’s under the hood of their…

The Conversation

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Stock Market Today: Stocks End Sharply Lower After Mid-Morning Reversal

Strong Meta earnings weren't enough to offset signs of a cooling economy.

Kiplinger

Meta’s AI spending spree is just fine with Wall Street

Investors shrugged off Meta's big investment in AI by sending the company's shares up 4%.

Fortune

Meta Platforms Stock: Is Wall Street Bullish or Bearish?

Meta Platforms has surpassed the broader market in the past year, and Wall Street analysts continue to have a positive outlook on its future.

Barchart

Meta, Microsoft, and Google blew massive AI smoke in their earnings—here’s what it really means

The Big Tech trio unleashed a dizzying blizzard of metrics meant to show how fast their AI services are growing. A close examination shows there’s much less than meets the eye.

Fortune

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Stocks Turn Negative on US Economic Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.50%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.72%. US stocks today gave up an early advance and turned lower on US economic...

Barchart

Stock Market Slides as Manufacturing Slump Deepens, Construction Spending Falls

The S&P 500 Index ($SPX ) (SPY ) today is down -0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.75%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.25%. U.S. manufacturing continued its decline in July, with the Institute for Supply Management's index...

Barchart

Meta Platforms Soars on Strong Earnings: What to Know

Meta Platforms stock is sizzling Thursday after the Facebook parent's Q2 earnings beat. Here's what you need to know.

Kiplinger

Stocks Climb on Meta Earnings and a Slide in Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.77%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.68%. US stocks today are moderately higher, with the S&P 500 and Nasdaq 100 posting...

Barchart

Meta's AI Investments Driving Growth In Digital Advertising Market

Discover how Meta's AI-driven strategies and visionary leadership position it as a top investment in tech and digital transformation.

Top News

Should You Buy Apple Stock Ahead of Its Earnings Today?

Apple will release its fiscal Q3 earnings after the closing bell today. Here's what analysts expect from the report, and a look at whether AAPL stock is a buy ahead of the release.

Barchart

Meta Quest Plus members can get an iconic puzzle title for free this month

Meta Quest 3 players with Quest Plus can get Myst VR and Ragnarock for free in August 2024.

TechRadar

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TechRadar

Meta’s celebrity AI avatars go from celeb status to no-shows after they fail to hit the mark

Meta has decided to discontinue its celebrity AI avatars after disappointing levels of user engagement.

Al Jazeera

Malaysia PM Anwar slams Meta after Facebook removes post on Hamas’s Haniyeh

Malaysian prime minister accuses US-based social media platform of ‘cowardice’ and acting on behalf of Israel.

Barchart

Nasdaq Futures Climb on Upbeat Meta Results and Fed Cut Hopes, Amazon and Apple Earnings on Tap

September Nasdaq 100 E-Mini futures (NQU24) are up +0.36% this morning as strong quarterly results from Meta Platforms and dovish comments from Federal Reserve Chair Jerome Powell boosted sentiment, while investors awaited a new round of U.S. economic data and earnings reports.

The Guardian - AU

Middle East crisis: Israel confirms death of Hamas military chief who masterminded 7 October attack – as it happened

This live blog is now closed, you can read more on this story here

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Fortune

Mark Zuckerberg sees a WhatsApp boom in the U.S. as a game changer

The Meta Platforms CEO anticipates a “big tailwind” if the messaging app is able to attain some of the popularity in the U.S. that it already enjoys overseas.

Al Jazeera

Meta shares surge after tech giant reports $13.5bn profit

CEO Mark Zuckerberg says Meta AI is on track to be the most used AI assistant worldwide by the year’s end.

Android Central

Meta Q2 2024 earnings call highlights AI successes and a $50 billion problem

Here's everything we learned about Meta's AI plans, its Reality Labs losses, and more.

Fortune

Elon Musk accepts challenge to cage-fight Maduro: "He will chicken out"

Musk previously waffled on a cage match with Meta CEO Mark Zuckerberg.

The Guardian - US

Strong earnings report pushes Meta shares up amid heavy AI spending

Stock price grew around 5%, which revealed the company outperformed analysts’ expectations for its second quarter

International Business Times

Meta Shares Rise As Earnings Top Expectations

Meta on Wednesday reported profit of $13.5 billion in the recently ended quarter, beating market expectations and causing its share price to jump.

Barchart

Stocks Finish Higher on Chip Stock Strength and Dovish Powell

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +1.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.01%. US stocks rallied Wednesday, with the S&P 500 and Nasdaq 100 posting 1-week highs...

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