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The Latest Breaking News from Meta

Ford v. Meta: Two very different paths to the future

It's hard to know which one is right.

Axios

Facebook parent Meta is having a no-good, horrible day after dismal earnings report

The company, which also owns Instagram and WhatsApp, has lost a half-trillion dollars in market value so far this year.

WEKU

Miners weigh on ASX, US tech giants hit by inflation woes, and ECB raises rates

The ASX ended lower as big miners were sold off; shares in Facebook owner Meta Platforms and Amazon plunge as inflation hits earnings, and the European Central Bank raises interest rates again.

ABC News

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Amazon posts profit but revenue was weaker than expected

Amazon returned to profitability after two consecutive quarters of losses this year, but its stocks tanked due to weaker than expected revenue as well as the company's disappointing projections for the current quarter

The Independent UK

Meta shares dip is proof metaverse plan never really had legs

Virtual reality gamble is not paying off as Mark Zuckerberg appears to be going out on a limb with avatars

The Guardian - UK

Benzinga's Top Ratings Upgrades, Downgrades For October 27, 2022

Upgrades

Benzinga

2023 An 'Investment Year' For Meta Platforms: Why These 6 Analysts Are Lowering Price Targets After Q3 Earnings

Analysts are lowering their price targets on Meta Platforms (NASDAQ: META) after the company reported third-quarter financial results Wednesday

Benzinga

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Facebook's parent is fined nearly $25M for violating a campaign finance disclosure law

The penalty issued by a Washington state judge was the maximum allowed for more than 800 violations of the state's Fair Campaign Practices Act.

WEKU

BJP’s Amit Malviya to sue Wire over ‘forged documents to malign reputation’

BJP’s information technology cell head Amit Malviya has said that he will file criminal charges against the Wire and also seek damages in a civil court for allegedly forging documents to malign and tarnish his reputation. This came hours after the news portal issued an apology to its readers a…

Newslaundry

What's Going On With Meta Platforms Stock?

Meta Platforms Inc (NASDAQ: META) shares are trading lower Thursday after the company reported worse-than-expected earnings results.

Benzinga

Ray-Ban Stories review: The smart glasses blueprint

The Ray-Ban Stories smart glasses, made by Meta and EssilorLuxottica, have two cameras and an a surprisingly good open-ear audio experience.

Inverse

Tim Cook thinks meetings in the metaverse are doomed — but it isn't that simple

While Apple CEO Tim Cook commented that AR will win over VR for communication purposes, some experts think that both technologies can play important roles.

Inverse

Meta's Investment Plans Spook Investors And Analysts — 3 Reasons Why KeyBanc Downgraded Stock

Meta Platforms Inc.

Benzinga

Tech giants go to war with Apple

The backlash has been increasing as Apple pushes to make more money from software services.

Axios

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news in one place.

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Benzinga

US Stock Futures Mostly Higher Ahead Of GDP, Jobless Claims Data; Apple, Amazon Earnings In Focus

Pre-open movers U.S. stock futures traded mostly higher in early pre-market trade on Thursday after closing mostly lower in the previous session. The Nasdaq index dipped by more than 200 points on Wednesday following weak earnings results from Alphabet Inc. (NASDAQ: GOOG).

Evening Standard

FTSE 100 Live: Amazon shares plunge, gas prices plummet 60%, Euro dips

Amazon’s slide in value and Elon Musk’s Twitter takeover have led to a dramatic few hours in Wall Street’s Big Tech sector.

Newslaundry

The Wire issues apology, cites ‘deception by a member of our Meta investigation team’

The Wire has issued an apology to its readers a week after retracting its controversial Meta stories. In a detailed statement issued early this morning, the news website said it had been deceived by a “member of our Meta investigation team”.

Axios

Meta hit with $24.7M fine over 822 campaign finance disclosure violations in Washington

The fine "represents the largest campaign finance penalty anywhere in the country — ever," Washington AG said.

Get all your
news in one place.

100's of premium titles.
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Tribune News Service

Facebook parent company fined $25 million for Washington state campaign finance violations

SEATTLE — Meta, Facebook’s parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington’s campaign finance laws.

The Independent UK

Meta fined $24.7M for campaign finance disclosure violations

A Washington state judge has fined Facebook parent company Meta nearly $25 million for repeated, willful violations of campaign finance disclosure laws

StockNews.com

Investors: The Worst is Yet to Come

Stocks have enjoyed yet another impressive bear market rally with a quick 8% gain from the recent lows. However, as Q3 earnings season unfolds there are more clues that things are getting worse and stocks have not yet touched bottom which is likely closer to 3,000 for the S&P 500…

The Guardian - UK

$80bn wiped from value of Facebook and Instagram owner Meta

Sell-off that began overnight continues after Mark Zuckerberg’s company reports halving of profits

Benzinga

Meta Platforms Investors Run From Q3 Earnings: Revenue Beat, EPS Miss, Daily Users Up, Costs Set To Climb In 2023

Social media platform and metaverse company Meta Platforms Inc (NASDAQ: META) reported third-quarter financial results after the market close Wednesday.

Benzinga

What To Watch For When Meta Platforms Reports Q3 Earnings After The Bell

Big tech earnings season is off to a sluggish start after Alphabet Inc (NASDAQ: GOOG) and Microsoft Corp (NASDAQ: MSFT) reported

Tribune News Service

Biotech and tech job cuts widen in Bay Area as companies chop workers

NEWARK, California — Employers have decided to eliminate hundreds of biotech and tech jobs in the East Bay with layoffs at companies in Emeryville and Newark, a fresh round of unsettling job cuts during uncertain economic times.

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