Meta’s earnings release showed revenues at the company — whose platforms include Facebook, Instagram and WhatsApp — had risen 27 per cent to $36.5bn in the first three months of 2024, just above analysts’ expectations of $36.
Meta's AI spending spree is starting to give investors an ulcer. Zoom in: The Facebook and Instagram owner's stock plunged more than 10% today after the company warned Wall Street that it could take years for its big bets to pay off.
Meta stock fell more than 10% Thursday, even as the Facebook parent company reported better-than-anticipated sales in its quarterly earnings the day before. The losses appeared to be driven by the company’s steep Metaverse losses,
Meta shares plunged on Thursday, bringing down Mark Zuckerberg’s net worth, after the CEO told Wall Street about the many ways his company is losing money.
Meta ’s stock price sank by over 16 per cent on Wednesday after the tech giant’s chief Mark Zuckerberg said it could take the company years to profit from its generative artificial intelligence projects.
Meta plunged nearly 11% Thursday after the Facebook-parent forecast higher expenses over its plans to “invest aggressively” in artificial intelligence. The Mark Zuckerberg-led tech giant’s stock closed at $441.
Meta CEO Mark Zuckerberg unnerved investors on the company's quarterly earnings call Wednesday by focusing on its long-term investments in AI and the metaverse. Shares of Meta tum
Meta shares fell as much as 16% Thursday in New York after the social media company said second-quarter sales were likely to come in below estimates. Zuckerberg’s one-day drop in net worth is the fourth-largest ever related to a stock move among those in the Bloomberg Billionaires Index,
Mark Zuckerberg received the lowest salary of all of Meta’s staff in 2023, with his measly $1 salary — though the Big Tech chief raked in a staggering $24.4 million in “other compensation.” According to a proxy filing statement,
Pretty much every tech company has been investing in generative AI for the past two years, and Apple is rumored to finally bring new AI-based tools to iPhone users soon with iOS 18. However, the costs of operating such tools are quite high,