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The Latest Breaking News from Meta

Big Tech's recent hiring splurge will make cutting costs even harder

Meta, Alphabet and Microsoft all saw headcount rise 20% or more last year, making cutting costs hard.

Axios

Apple Reports Solid Profits, but Sees Greater Hit from Strong Dollar

Apple reported solid profits on rising revenues Thursday, but the tech giant's iPhone sales missed estimates as executives signaled a rising financial toll from the strong dollar. Shares of Apple edged higher in after-hours trading, as the tech titan avoided a stumble akin to those experienced by Facebook parent Meta…

Asharq Al-Awsat

India ruling party official to sue critical news website

An official from India’s ruling party says he will sue an independent local news website after it reported in a now-retracted story that Meta, the social media giant, granted him extraordinary powers to censor Instagram posts

The Independent UK

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Wire-Meta saga: Editors Guild withdraws Tek Fog remarks, Economist points to 3 lessons from ‘own-goal’

Hours after the Wire issued an apology to its readers over its controversial Meta stories, the Economist carried a piece on the website’s “own-goal” holding lessons for “opposition voices everywhere” while the Editors Guild of India withdrew its statement referring to the organisation’s Tek Fog reports.

Newslaundry

'Laugh' At Meta's Crash Now But Zuckerberg Will 'Own Your Eyeballs' In 5 Years, Says Snowden; Is Metaverse A Threat To Humanity?

Meta Platforms Inc.

Benzinga

Meta Is Losing Money At Zuck-Neck Speeds Which I Hope Means We May Soon Be Free Of The Zuck

It's seen Meta days.

Pedestrian.tv

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

It's hard to know which one is right.

Axios

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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

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

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

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Newslaundry

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…

Benzinga

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.

Inverse

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.

Get all your
news in one place.

100's of premium titles.
One news app.

Benzinga

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

Meta Platforms Inc.

Axios

Tech giants go to war with Apple

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

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.

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.

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People

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