The Latest Breaking News from Meta

Meta reported its Q1 2023 financial earnings for the January-March period. The company saw more than $28 billion in revenue, following major layoffs and restructuring.

The company posted $28.10bn in revenue and appears to be shifting focus away from the metaverse to artificial intelligence

The metaverse sounds like it could be a scary place. Recent headlines have highlighted the dangers to children of the metaverse – a generic term for the range of online virtual worlds, developed by different tech companies, in which users can interact. Children’s charities have raised concerns about its potential…

June S&P 500 futures (ESM23) are up +0.40%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.27% this morning as solid earnings from a couple of U.S. tech giants boosted market sentiment.

"Companies like Meta are not able to operate our social media services in China,” said the Meta executive in an interview aired Tuesday.

A new book by Assouline, ‘Metaverse Dream’, suggests we'll spend a decade of our lives in the metaverse. But will it take us on holiday?

TikTok, Twitter, Facebook, Google, and Amazon are facing rising pressure from European authorities as London and Brussels advanced new rules Tuesday to curb the power of digital companies.

A top Meta executive wrote in a memo that there was a need for a "fundamental shift" in the company's infrastructure.

The House gave initial approval to the bill Tuesday. The legislation is a priority for Speaker Dade Phelan.

Google’s parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures

"We expect the broader markets to move back near record highs at some point in 2023, but it won't likely be because of Big Tech,” Sanders Morris Harris chairman George Ball said Tuesday.