Mark Zuckerberg's net worth plummets by more than $18 billion from Meta stock drop

cnbc.com Meta Platforms CEO Mark Zuckerberg speaks about the Facebook News feature at the Paley Center For Media in New York on Oct. 25, 2019. Mark Zuckerberg's net worth plunged by…

Meta Q1 Earnings Show Revenue Growth, Further AI Investment

mediapost.com Although Meta shares took a significant hit after its latest earnings numbers were released Wednesday, the tech giant showed promising current and future advertising growth…

Meta stock plummets after Zuckerberg touts money-losing projects

nbcnews.com Create your free profile or log in to save this article Create your free profile or log in to save this article Mark Zuckerberg started Meta’s earnings call Wednesday by…

Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B on average for March 2024

prnewswire.com MENLO PARK, Calif., April 24, 2024 /PRNewswire/ -- Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024. "It's been a…

Meta Posts Solid Growth in Q1, Highlights Future Investment in AI

socialmediatoday.com Meta has announced its latest earnings numbers, with its revamped performance summary getting its first airing, which reduces the amount of insight that we get from the…

Meta stock plummets after Mark Zuckerberg touts money-losing projects

aol.com Mark Zuckerberg started Meta’s earnings call Wednesday by talking about artificial intelligence. Then he moved onto the metaverse, touting his company’s headsets, glasses…

Meta’s AI Spending Plans Leave Investors Unnerved

pymnts.com Wall Street investors are reportedly uneasy about Meta’s multi-billion-dollar artificial intelligence (AI) plans. The company’s stock fell 15% in early trading Thursday…

Top Apple analyst warns Vision Pro demand fell much faster than anticipated

fortune.com Three months on since the Vision Pro mixed reality headset went on sale and Apple’s first new hardware device in years may already be running into headwinds. Ming-Chi Kuo,…

Jim Cramer's top 10 things to watch in the stock market Thursday

cnbc.com My top 10 things to watch Thursday, April 25 Wall Street is looking lower , especially the Nasdaq on Meta Platforms ' earnings-driven 15% slide. The government on Thursday…

Meta's value plummets as Zuckerberg admits AI needs time

theregister.com Meta's shares tumbled after company boss Mark Zuckerberg said the quiet bit out loud: it will take a while before AI bets start paying back the huge financial investments it…

Meta stock plunges: Why the company failed to cheer investors with latest results

euronews.com The Facebook parent company, Meta Platforms, reported first-quarter earnings that topped market expectations. However, its shares plunged 15% due to weaker-than-expected…

Analysts overhaul Meta Platforms price targets as stock plunges on earnings

thestreet.com Meta Platforms shares tumbled in early Thursday trading, potentially hiving more than $180 billion from its market value, as the Facebook parent cautioned that the cost of…

Meta’s Reality Labs Reports $3.85B Loss in Q1 2024, META Stock Tumbles 19%

coinspeaker.com Coinspeaker Meta’s Reality Labs Reports $3.85B Loss in Q1 2024, META Stock Tumbles 19% Facebook’s parent company Meta’s move into the Metaverse is still weighing heavy on…

Meta revenue soars but metaverse costs make investors wary

siliconrepublic.com Mark Zuckerberg said the Facebook parent continues to make ‘steady progress’ in the metaverse as Threads reaches a milestone of 150m monthly active users. Meta has seen its…

Meta Q1 Earnings: Tech Giant’s Revenue Climbs 27%

coingape.com Meta’s Q1 earnings show a spike in revenues and overall performance of the individual applications within the company. In an April 25 release, Meta disclosed its company…

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

theguardian.com Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. The company plans to spend even more on…

Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue

news.bitcoin.com Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued…

Zuckerberg Asks for Patience After Meta’s AI Push Irks Investors

finance.yahoo.com Mark Zuckerberg is asking for investors to stay patient. Again. • None Taylor Swift Is Proof That How We Critique Music Is Broken • None Biden’s New Chopper Is Demoted After…

Meta's Reality Labs posts $3.85 billion loss in first quarter

cnbc.com Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference while wearing a virtual reality headset in San Jose, California. Meta…

Meta Earnings Announcement Goes Big on AI

pymnts.com If anyone had any doubts about Meta’s long-term commitment to artificial intelligence (AI), they were erased in the first minute of the company’s earnings call on Wednesday…

Meta stock plunges 15% as company plans to invest heavliy in artificial intelligence

nbcnews.com Meta shares plunged more than 15% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.…

Meta's AI plans are costing way more than they thought

aol.com None Meta's Q1 earnings report reveals it was off by at least $5 billion in capital expenditures. • None The report said costs are expected to increase as the company…

Meta's stock sags under the weight of aggressive AI spending

fortune.com Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions…

Meta's stock drops 15%+ as the company issues a light Q2 revenue forecast and higher FY 2024 capital expenditures due to increased AI infrastructure investments

cnbc.com Mark Zuckerberg, CEO of Meta, testifies during the Senate Judiciary Committee hearing titled "Big Tech and the Online Child Sexual Exploitation Crisis," in Dirksen building…

Meta shares sink 11% on weak revenue guidance

cnbc.com Earnings per share: $4.71 per share vs. $4.32 per share expected by LSEG Revenue increased 27% from $28.65 billion in the same period a year earlier, the fastest rate of…

Meta, With a Continued Push Into AI Development, Doubles Q1 Profits and Pushes Revenues Up 27%

thewrap.com Meta beat Wall Street expectations in the tech company’s first quarter of 2024, which the company attributed in part to furthered AI development, however, the share price…

Meta Q1 Revenue Jumps 27% and Profit Doubles to $12.4 Billion, Stock Falls on Weak Outlook

variety.com Social-media powerhouse punched in huge sales growth for the first quarter of 2024, as Mark Zuckerberg’s “year of efficiency” job cuts last year paid off with net income…

Meta Reports First Quarter 2024 Results

benzinga.com MENLO PARK, Calif., April 24, 2024 /PRNewswire/ -- Meta Platforms, Inc. META today reported financial results for the quarter ended March 31, 2024. "It's been a good start…

Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024

investor.fb.com MENLO PARK, Calif., April 24, 2024 /PRNewswire/ -- Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024. "It's been a…

Meta Stock Q1 Preview: Can Ads Growth Keep Up With AI Spending?

investors.com The stakes are high as Meta Platforms (META) prepares its first quarter earnings report for late Wednesday. The Facebook parent company's Meta stock has gained nearly 40%…

Billionaire Investor David Tepper Has 32% of His Portfolio Invested in These 3 Incredible Artificial Intelligence (AI) Growth Stocks

finance.yahoo.com Billionaire David Tepper is one of the most successful hedge fund managers on Wall Street. He founded Appaloosa Management in 1993 and eventually became a self-made…

With Easel, ex-Snap researchers are building the next-generation Bitmoji thanks to AI

techcrunch.com Easel is a new startup that sits at the intersection of the generative AI and social trends, founded by two former employees at Snap. The company has been working on an app…

Tech's earnings bonanza this week shines spotlight on growing troubles at Tesla, Google

cnbc.com As tech's behemoths get set to report earnings this week, they do so facing a mountain of drama. At Google , there have been protests and restructurings, while Tesla just…

Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies, creating iPhone versus Android dynamic

cnbc.com Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company's Meta Horizon operating…

6 portfolio stock earnings and the Fed's favorite inflation gauge dominate the week ahead

cnbc.com It was another ugly week for stocks. The S & P 500 and the Nasdaq on Friday extended their declines to six straight sessions, their worst losing streaks in more than 1½…

If You Can Only Buy One Metaverse Stock in April, It Better Be One of These 3 Names

investorplace.com Invest in these top metaverse stocks to buy, tapping into a future where virtual and real-life experiences merge Though artificial intelligence ( ) continues to captivate…