Meta Platforms, Inc. continues to deliver strong core business growth, with Family of Apps revenue up 26% and daily active users exceeding 3.5 billion. META's aggressive CapEx, especially in AI and VR ...
The roughly 1,000 job cuts in Reality Labs come as Meta reallocates resources from the metaverse to AI wearables and mobile ...
(Bloomberg/Ryan Vlastelica) — The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors of the massive metaverse outlays that ...
Duolingo reported strong Q3 FY25 results, but shares fell over 20% due to weak Q4 guidance and a focus on user growth over monetization. Duolingo management is taking the next leap in its innovation ...
According to Bloomberg, Meta is cutting 30% of its metaverse budget. Its Reality Labs division is on track to lose close to $20 billion. Layoffs in 2022 helped ignite a boom in the stock. Zuckerberg's ...
Meta Platforms Inc (NASDAQ:META) earnings, along with Microsoft (MSFT) are a weight on the tech sector today. The social media empire reported adjusted third-quarter earnings of $7.25 per share on $51 ...
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Meta weighs 30% budget cut to its flagship unit
Meta is reportedly considering slashing spending on its metaverse division. Meta’s metaverse division works on the company’s vision for a shared, immersive digital universe where people can socialize, ...
META Platforms stock (NASDAQ: META) has declined by 18.4% within a span of 21 trading days. This significant drop indicates renewed worries among investors concerning the company’s aggressive ...
Meta Platforms poured billions into its artificial intelligence (AI) road map. The company is building its own data centers as well as hiring top research and engineering talent away from competing ...
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