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Category: META

  • Meta faces $3.6 million fine in Brazil for allowing bogus Havan ads By Reuters

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    Investor Empires

    Written by Victor Pinheiro SAO PAULO — Meta Platforms Inc. (NASDAQ: ) faces a fine of up to $3.62 million after losing a lawsuit brought by Brazilian supermarket chain Havana, which accused the social media company of accepting paid ads fraudulently using the company’s name to deceive consumers. A Santa…

  • Meta beats censorship lawsuit by RFK Jr’s anti-vaccine group By Reuters

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    Investor Empires

    By Jonathan Stempel (Reuters) – Meta Platforms Inc on Tuesday defeated an appeal by Children’s Health Defense, an anti-vaccine group founded by Robert F. Kennedy Jr., challenging its censorship of Facebook posts that spread misinformation about the effectiveness and safety of vaccines. In a decision issued Friday, the U.S. Court…

  • Cathie Wood buys falling tech stocks: Amazon, Meta, Tesla

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    Investor Empires

    Several ETFs at Wood’s Ark Invest bought a variety of different technology stocks after they fell along with the broader market. Ark Invest, which has $6.7 billion in assets under management, is an influential asset manager whose funds have fallen hard timesReports earlier this year showed that investors A total…

  • Delay to Nvidia’s new AI chip could affect Microsoft, Google, Meta, the Information says By Reuters

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    Investor Empires

    (Reuters) – Design flaws could delay the launch of chip giant Nvidia Corp’s upcoming artificial intelligence chips by three months or more, technology publication The Information reported on Friday. The setback could affect customers such as Meta Platforms Inc. (NASDAQ: ), Alphabet Inc.’s Google (NASDAQ: ) and Microsoft Corp. (NASDAQ:…

  • US stocks open with gains in the major indices. Meta Platforms beats and soars

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    Investor Empires

    US stocks opened with gains in major indexes. Meta Platforms also outperformed and provided positive guidance. Shares are trading up over 9% at the open. The current market picture shows the following: The Dow Jones Industrial Average is trading up 227.75 points, or 0.54%, at 41,065.58. The S&P 500 rose…

  • Meta stock jumps on upbeat guidance as Q2 results top estimates By Investing.com

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    Investor Empires

    Meta Platforms Inc. on Wednesday issued better-than-expected guidance for the current quarter after reporting second-quarter results that beat analysts’ estimates on the top and bottom lines. Meta Platforms Inc (NASDAQ:) rose about 7% in premarket trading on Thursday. For the three months ended June 30, the company earned $5.16 per…

  • Meta Platforms earnings beat by $0.46, revenue topped estimates By Investing.com

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    Investor Empires

    Meta Platforms (NASDAQ: ) reported second-quarter earnings per share of $5.16, $0.46 above analysts’ estimates of $4.70. Revenue for the quarter was $39.07 billion versus the consensus estimate of $38.26 billion. guidance Meta Platforms expects revenue between $38.50 billion and $41.00 billion in Q3 2024 versus the analyst consensus of…

  • Meta CEO Zuckerberg envisions new era of AR glasses: SIGGRAPH

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    Investor Empires

    Drew Angerer/Getty Images News Meta platforms (Nasdaq: TargetCEO Mark Zuckerberg revealed his vision for augmented reality glasses that could pack a lot of technology into a thin, designed frame during a discussion with Nvidia (NASDAQ: NVDACEO Jensen Hwang at SIGGRAPH 2024 conference in Denver Monday evening. He eventually wants to…

  • Meta to let users to create custom AI characters By Reuters

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    Investor Empires

    (Reuters) – Meta Platforms Inc (NASDAQ:MT) said on Monday it is rolling out a new tool called AI Studio that will allow users to create, share and design custom intelligent chatbots. Meta said AI Studio will let users create custom AI characters, and will also let Instagram creators use AI…

  • Meta COO Javier Olivan sells shares worth over $210k By Investing.com

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    Investor Empires

    According to the latest filing, Meta Platforms, Inc. (NASDAQ: ) Chief Operating Officer Javier Olivan sold a portion of his company’s stock. The deal, which took place on July 5, involved the sale of 412 shares of Class A common stock at $512.00 per share, resulting in a total value…

  • Apple and Meta have discussed AI partnership, WSJ reports By Reuters

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    Investor Empires

    (Reuters) – Facebook parent Meta Platforms (NASDAQ:) has discussed integrating Meta’s generative AI model into Apple Inc’s (NASDAQ:) recently announced AI system for iPhones, The Wall Street Journal reported on Sunday. Aside from Google (NASDAQ:) and Meta, AI companies Anthropic and Perplexity are also in discussions with Apple to bring…

  • Apple and Meta have discussed AI partnership, WSJ reports By Reuters

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    Investor Empires

    (Reuters) – Facebook parent Meta Platforms (NASDAQ:) has discussed integrating Meta’s generative AI model into Apple Inc’s (NASDAQ:) recently announced AI system for iPhones, The Wall Street Journal reported on Sunday. Aside from Google (NASDAQ:) and Meta, AI companies Anthropic and Perplexity are also in discussions with Apple to bring…

  • Meta adds safety features to CrowdTangle in bid to address EU concerns By Reuters

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    Investor Empires

    By Fu Yun Che BRUSSELS (Reuters) – Meta Platforms (NASDAQ:) has added security features to its misinformation tracking tool CrowdTangle for use during European Parliament elections in an attempt to allay European Union concerns that led to an investigation last month into the impact of its decision to phase out……

  • Coinbase Partners with Meta, Ripple, and Others to Combat Online Fraud

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    Investor Empires

    Prominent US-based cryptocurrency exchange Coinbase has announced the launch of a new initiative called “Technology Against Scams” ​​alongside industry leaders Meta, Ripple, Gemini, Kraken, Match Group, and GASO. This coalition aims to tackle online fraud and financial schemes while simultaneously protecting and educating users, highlighting that scams are a technology-wide…

  • Families of Uvalde school shooting victims sue Meta, Microsoft’s Activision (NASDAQ:META)

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    Investor Empires

    Brandon Bell/Getty Images News A law firm representing families of victims of the May 2022 Uvalde, Texas, school shooting has filed wrongful death lawsuits against Instagram parent company Meta Platforms (Nasdaq: Meta), owned by Microsoft (NASDAQ:MSFT) video game publisher Activision, and Daniel Defense – video game maker The weapon used…

  • Google and Meta on course to increase headcount by around 8% in 2024: UBS By Investing.com

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    Investor Empires

    According to research by UBS, Alphabet (NASDAQ:) and Meta Platforms (NASDAQ:) are on track to increase headcount by 8% and 7.6% year over year, respectively, in 2024. Google’s overall job postings are indexing about 20% below 2018 levels, during which it added about 18,600 employees — meaning it will add…