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The Latest Breaking News from Meta

Meta Platforms (META) Earnings Beat: Is the Internet Behemoth Set for Further Upside?

Meta Platforms (META) reported better-than-expected results for the third quarter, with its revenue registering the fastest growth rate since 2021. So, let’s dig deeper into its fundamentals to gauge its upside potential.

StockNews.com

Will Twitter/X survive? One year on from Musk's takeover, we look at what's changed

Elon Musk remains defiant, insisting the prognosis is rosy as he redesigns the social media platform in his own image

Evening Standard

Amazon Stock Pops After Q3 Beat: Here’s Why It's Still a Strong Buy

Amazon stock is trading higher today after posting better-than-expected Q3 earnings. Here are the key takeaways from the report, and why AMZN is still a good buy.

Barchart

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‘Musk destroyed all that’: Twitter’s business is flailing after a year of Elon

Advertisers are spending less, regulators are circling, staff is at less than 50% of what it used to be and user numbers are down

The Guardian - UK

The $200 billion playbook that kneecapped Big Tobacco is coming for Mark Zuckerberg and his social media offspring

"Substitute algorithms for Joe Camel," says Fordham Law School professor Kenneth Rashbaum.

Fortune

Mark Zuckerberg thinks pessimists ‘tend to be right’ but optimists ‘tend to succeed’ and ‘get the most done’

The Meta CEO says pessimists may be right about new ideas, but asks, “Is that the most productive way to view the world?”

Fortune

Meta Sparks a Sharp Sell-off in Tech Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday fell by -1.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell by -0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell by -1.81%. Stocks Thursday were led lower by tech stocks, which...

Barchart

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With Zuckerberg's 'Year of AI' Still Ahead, Should You Buy or Sell Meta Stock After Earnings?

Meta Platforms released its Q3 earnings late Wednesday, and Wall Street is selling the news. Notably, the Mark Zuckerberg-led company sees AI as its key focus area for 2024, after having previously touting 2023 as the "year of efficiency."

Barchart

Meta Is Latest Big Tech Company to Disappoint the Markets

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.09%. Stocks today are lower on disappointing news from Meta...

Barchart

Prosecutors Turn Their Extortion Racket Against Facebook and Instagram

The propensity of prosecutors to jump to conclusions before all the evidence is in is very destructive—and nothing new.

Reason

Pro-Palestinian Instagram account locked by Meta for ‘security reasons’

The @eye.on.palestine account unavailable to view after ‘signs of compromise’ were detected

The Guardian - UK

Markets Today: Stocks Under Pressure as Meta Is Latest Tech Company to Disappoint

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.43%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.63%. Stock index futures this morning are moderately lower on disappointing news from Meta Platforms (META ), which is down more than -4% in pre-market trading after...

Barchart

Meta Platforms Q3 Revenue Beats Estimates, Up 23%

Social media giant reports strong financials, driven by increased user engagement and ad impressions.

Zenger

US auto workers union, Ford reach tentative deal on new four-year contract

The largest US auto workers union and carmaker Ford have agreed to terms on a new contract that will see a 25 percent wage increase over four years. This means picketers will return to work at Ford's plants, but strikes at General Motors and Stellantis will continue. Also in this…

France 24

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The Guardian - US

Humanity at risk from AI ‘race to the bottom’, says tech expert

MIT professor behind influential letter says unchecked development is allowing a few AI firms to jeopardise society’s future

The Guardian - AU

Afternoon Update: US mass shooting kills at least 16; Sydney woman found dead identified; and Gen Z want less sex on screen

A man is reported to have opened fire at a bowling alley and bar in Maine’s second-largest city of Lewiston in the US

The Guardian - US

Meta earnings report reveals most profitable quarter in years

Company reports third-quarter revenue of $34.15bn, beating expected $33.56bn, and shares jumped in after-hours trading

Zenger

42 Attorneys General Unite To Sue Meta Platforms Over Addictive Features Targeting Young Users

Meta faces legal challenges as attorneys general allege intentional design to retain young users

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Evening Standard

Meta 'intentionally manipulates' children to become addicted to social media, lawsuit claims

33 US states are suing the company that owns Facebook and Instagram

Zenger

Meta Platforms Q3 Earnings: Revenue Expectations And Key Focus Areas

Meta Platforms Q3 Earnings: Analysts Expect $33.56B Revenue, Focus on AI and User Metrics

Evening Standard

Meta lawsuit: Instagram owner sued by over 30 US states 'for fuelling youth mental health crisis'

The claimants compare Instagram's features to a dopamine-inducing slot machine

WEKU

Up First briefing: Concerns over Israel's war strategy; long COVID origins

The U.S. has concerns violence in Israel and Gaza could spread in the region. Scientists are one step closer to understanding what causes long COVID.

Barchart

Nasdaq Futures Plunge as Alphabet’s Cloud Business Revenue Disappoints, Meta Earnings on Tap

December Nasdaq 100 E-Mini futures (NQZ23) are trending down -0.61% this morning as disappointing results from Alphabet’s cloud business overshadowed upbeat earnings results from Microsoft while investors looked ahead to the next round of corporate earnings.

Android Central

Meta Quest 3 128GB vs. 512GB: Which storage size do you need?

With 512GB now being the default option for the Quest 3, should you bother hunting down a deal for the 128GB variant anymore? Or, is the Quest 3S the best alternative?

Pedestrian.tv

Meta Is Being Sued By Multiple US States Bc They Claim IG’s Addictive Nature Is Hurting Kids

"Meta did not disclose that its algorithms were designed to capitalise on young users' dopamine responses and create an addictive cycle of engagement."

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