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The Latest Breaking News from Meta

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.

Kiplinger

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

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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…

France 24

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 market futures weaken as Meta Platforms' disappointing earnings impact tech sector and market sentiment. Analysts advise caution in uncertain mark...

Top News

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.

Top News

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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…

Barchart

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.

Latin Times

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.

Top News

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.

Laptop

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.

International Business Times

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.

Laptop

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.

Android Central

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Top News

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.

Top News

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.

The Guardian - US

Meta says revenue will be weak as it spends even more on AI

Push to integrate AI into Meta products boosts financial results, with sales and profits beating analysts’ expectations

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TV Tech

IAB Makes Three Appointments to Its Leadership Team

The group fills key positions with Cintia Gabilan as VP of Media Center, Arlene Mu, assistant general counsel, and Nadine Karp McHugh, executive in residence

Kiplinger

Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings

The Dow Jones Industrial Average snapped a four-day winning streak after Boeing's first-quarter results.

Kiplinger

TikTok Ban Passes Ahead of Meta Earnings: What To Know

Lawmakers voted in favor of banning social media platform TikTok just ahead of rival Meta Platforms' earnings report.

Barchart

META Q1 Earnings Preview: Will Meta Platforms Go the Way of Tesla, or Netflix?

Meta Platforms will release its Q1 earnings after the bell today. Will the stock hit new record highs after the report, as it did after its previous earnings call - or plunge, like its FAANG peer Netflix?

TechRadar

A huge Meta AI update finally arrives on Ray-Ban Meta smart glasses... for some

Your Ray-Ban Meta smart glasses finally got the Meta AI update we've been waiting for, in the US and Canada only.

Barchart

Nasdaq Futures Rise on Tesla Boost, Meta Earnings in Focus

June Nasdaq 100 E-Mini futures (NQM24) are trending up +0.53% this morning as Tesla surged on new EV promises and investors looked ahead to the next round of corporate earnings.

International Business Times UK

Elon Musk Woes Continue: Meta Threads Poised to Overtake X

Meta's Threads challenges X (formerly Twitter) in the US with a positive user experience focus but faces an uphill battle against X's 550M users.

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