Meta Platforms

In a significant development in the tech industry, Alibaba Group’s (NYSE:BABA) cloud computing division has announced its support for Meta Platform Inc’s (NASDAQ:META) open-source artificial intelligence (AI) model Llama, becoming the first Chinese enterprise to do so, Reuters reports....

On Monday, July 17, 2023, Cathie Wood-led Ark Invest made several notable trades, with the most prominent being the sale of 45,184 shares in Tesla Inc (NASDAQ:TSLA), valued at approximately $13.12 million as of Monday’s closing price of $290.38. The sale was made through the Ark Innovation...

On Friday, Twitter owner Elon Musk shared his unique approach to preparing for a potential upcoming fight with Meta Platforms Inc (NASDAQ:META) CEO Mark Zuckerberg. What Happened: Musk, known for his unconventional methods, tweeted that he plans to use the technique of the famous Inspector Clouseau...

This story was first published on the Benzinga India portal. The Indian government is reportedly set to get the power to lower the age for consent to just 14 years if the proposed Digital Personal Data Protection law is passed. What Happened? However, companies seeking consent to process...

Despite recent reports of a decline in website traffic, Twitter’s CEO Linda Yaccarino and owner Elon Musk appear to be confident in the platform’s resilience as they anticipate record-breaking usage and screen time statistics. What Happened: ...

On Monday, Anas Haqqani, a senior leader in the Taliban, publicly endorsed Twitter over its new competitor, Meta Platforms Inc’s (NASDAQ:META) Threads, which has gained over 100 million users within days of its launch. What Happened: Haqqani expressed his preference for Twitter due to its...

On Thursday, Cathie Wood-led Ark Invest made several trades, the most prominent of which was a significant purchase of Meta Platforms Inc (NASDAQ:META) shares. This move comes in the wake of the Mark Zuckerberg-led company’s launch of its new app, Threads, which has seen a rapid uptake in...

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping over 100 points on Thursday. The Dow traded down 1.07 to 33,922.26 while the NASDAQ fell 0.82% to 13,679.04. The S&P 500 also fell, dropping 0.79% to 4,411.59. These are the top stocks that gained the...

In a retaliatory move, the Cambodian government has announced a ban on members of Meta’s oversight board from entering the country. This decision comes in response to the board’s recommendation to suspend Prime Minister Hun Sen‘s Facebook account for six months, Nikkei Asia...

U.S. stocks traded mostly lower toward the end of trading, with the Dow Jones dropping around 120 points on Wednesday. The Dow traded down nearly 0.4% to 34,288.64 while the NASDAQ fell 0.18% to 13,791.65. The S&P 500 also fell, dropping 0.2% to 4,446.82. The minutes of the Federal Open Market...

Bank of America Securities turned increasingly bullish on Meta Platforms, Inc. (NASDAQ: META), anticipating AI to deliver stronger profitability and revenues in the coming years, after the company posted better-than-expected results last quarter.  BofA research analysts Justin Post and Nitil...

The Communication Services Select Sector SPDR Fund (ARCA: XLC) rallied nearly 6% on Thursday, on track to post its second-best performing session so far in 2023.  The interactive media and services industry provided the greatest support to the sector performance, with Meta Platforms, Inc...

The big story on Wall Street on Wednesday afternoon has been Facebook’s parent, Meta Platform’s (NASDAQ: META), bullish Q1 earnings report. In after-hours trading, META was last up almost 12% to $233.92. By the time stock traders read this piece, most will surely be aware of Meta’...

Meta Platforms has received approval from the court to acquire Within Unlimited, a virtual reality startup, despite the efforts of the U.S. Federal Trade Commission (FTC) to block the deal, Bloomberg reported. In a statement, Judge Edward Davila in San Jose, California, said, "The FTC has...

During recessions, the focus tends to be on the worst performers — the biggest names now in the news are Bitcoin and FTX, as their respective prices crash or go bankrupt.  Meta Platforms Inc. and Netflix Inc. have both had terrible years, and many have been happy to kick them...