Social media giant Meta reported a surge in profit with the Facebook and Instagram parent seeing its first-quarter profit more than double, boosted by higher advertising revenue and a 6% increase in the average price of ads on its platforms, to touch $12.37 billion from $5.71 billion during the same period last year.Revenue, too, rose 27% to $36.46 billion from $28.65 billion. However, despite beating analyst estimates the stock slumped over 15% in extended trade after the company forecasted...
The company was charged with fraud conspiracy in 2021
Meta Q1 results are on deck and the Facebook parent could stretch out a run
Meta has recently released a large language model, Llama 3, that powers "Meta AI," which is a chatbot that has been implemented into several of the company's social media apps. But some in the tech world have noted that it is free to use, which, unfortunately, reflects the quality of the artificially intelligent bot. Tech Crunch reported that the chatbot "tends to regurgitate a lot of web search results, and it doesn't excel at anything, but hey — the price is right."Meta AI can currently be...
Over the last few years a number of wrestlers have parted ways with All Elite Wrestling, and now it appears that another name is done with the company. Dave Meltzer recently noted on Wrestling Observer Radio that even though Paige VanZant is still listed on the AEW roster she’s no longer with the company. It […]
Angelo Zino, CFRA Research senior equity analyst, reacts to Meta Platforms'
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for
Meta reports first-quarter results after market close on Wednesday, and analysts expect to see the fastest year-over-year sales growth in almost three years.
SOUTH PADRE ISLAND, Texas (ValleyCentral) — Landfall looms enticingly close, just beyond surf breaking along the shore of South Padre Island. Some 20 hours prior, after launching at dusk from the tip of the Yucatan peninsula and flying nonstop across the vast Gulf of Mexico the marathon 500-mile journey is almost complete. Exhausted, famished, craving []
Firms will have to answer hundreds of questions.
European Union regulators are expected to open a probe into Meta Platforms over concerns that the company is failing to do enough to counter disinformation from Russia and other countries, the Financial Times reported on Monday. Regulators suspect that Meta's content moderation does not go far enough to stop the dissemination of political advertising that risks undermining the electoral process, the report said, citing two people with knowledge of the matter. But the European Commission is not...
This spring, NBC News, The New York Times and National Public Radio have each dealt with turmoil for essentially the same reason: journalists taking the critical gaze they deploy to cover the world and turning it inward at their own employers. Whistleblowing isn’t unique to any industry. Yet the contrary outlook baked into many journalists […]