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The Latest Breaking News from Meta

Meta reports surprisingly strong quarter one earnings after restructuring hiccups

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

The Guardian - US

Meta Soars As Facebook Parent Blows Past Earnings Forecasts

Meta stock soared Thursday after the Facebook parent reported better-than-expected sales and earnings during its first quarter.

Investors Business Daily

Facebook Parent Meta Soars After Blasting Q1 Earnings Forecasts; Zuckerberg Sees More Cost Cuts

"We're becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision," said CEO Mark Zuckerberg.

The Street

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Meta Is Lagging Behind In One Crucially Important Way

The Facebook-parent is dealing with a “significant gap.”

The Street

Children have been interacting in the metaverse for years – what parents need to know about keeping them safe

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…

The Conversation

Dow Jones Reverses Lower As Microsoft Surges On Earnings; Tesla Stock Slides On Downgrade; Facebook Earnings Next

The Dow Jones rose Wednesday, as Microsoft surged on earnings. Tesla stock was downgraded. And Facebook earnings are next.

Investors Business Daily

Stocks Edge Higher, Microsoft Beats, Google Buyback, Meta On Deck, Boeing In Focus - 5 Things To Know

Stock futures higher as tech earnings offset bank sector concerns; Microsoft surges as cloud boosts Q3 earnings, AI supports outlook; Google shares higher on resilient ad spending, $70 billion buyback plans; Meta earnings on deck amid Zuckerberg's 'year of efficiency' and Boeing higher ahead of earnings following solid Q1 deliveries.

The Street

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Stocks Climb Before the Open as Strong Big Tech Earnings Overshadow Recession Worries

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.

Barchart

Meta's Nick Clegg: No 'level playing field' between Facebook, TikTok

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

Fortune

‘Metaverse Dream’: new book asks where virtual worlds will take us next

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?

Wallpaper

Big Tech crackdown looms as EU, UK advance new rules

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.

France 24

Mark Zuckerberg has spent billions on A.I. but one of his top execs said Meta is still a laggard and 'we need to invest heavily'

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

Fortune

Texas kids would need parental consent to create social media accounts under House bill

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

The Texas Tribune

Alphabet revenue unexpectedly rises in first quarter amid industry slowdown

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

The Guardian - US

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The Street

Mark Zuckerberg Has Dumped the Metaverse for His Newest Obsession

There he goes again.

Fortune

Veteran market watcher says Big Tech’s rebound has ‘run its course’—but the overall stock market could still rise to a near record high this year

"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.

Investors Business Daily

Tesla Stock, 6 Other Tech Titans Are Responsible For 86% Of S&P 500's 2023 Performance

Tesla stock, along with six other Big Techs, account for 86% of the S&P 500's 2023 performance. Meta surged on strong earnings.

The Street

Walt Disney Makes a Mickey Mouse Mistake Investors Will Pay For

The Mouse House is looking to save money in some of the wrong places and it's likely Meta, Amazon, and others did the same.

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TechRadar

What is the RESTRICT Act and how will it affect the tech industry?

The so-called TikTok ban bill could restrict way more IT services than that—even VPNs. Here's what's at stake for US users.

Fortune

Brexit means double trouble for Big Tech

Tech companies must now deal with two powerful regulatory cops in Europe—the EU and the U.K.

TechRadar

WhatsApp is getting a long-awaited update so you can use it on multiple phones

The latest WhatsApp update is great news if you use more than one handset.

Fortune

'Toodaloo!' How a TikToker made a career out of helping viewers set work boundaries

Dreading a return to office memo? Don't worry, TikToker Laura Whaley knows exactly how to handle that chat.

Barchart

Meta Platforms Needs Fresh Impetus to Extend Rally

After climbing by more than +77% this year, Meta Platforms (META ) may need a new catalyst to extend the rally. Meta Platforms posted an 11-month high earlier this month after implementing plans to cut costs and make the company more efficient. However, with the bulk of the cost-saving plans...

TechRadar

Thousands of fake Facebook profiles could be trying to steal your data

A major identity theft campaign is currently active and targeting Facebook users, researchers report.

Investors Business Daily

Dow Jones Losses Deepen In Afternoon Trading As Google, Microsoft Earnings Loom

Ark Invest founder Cathie Wood sees the stock hitting $2,000 by 2027 on growth from robotaxis.

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People

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