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Meta Stock Slides 14% After Announcement of Plans for “Aggressive” AI Expenditures

Meta, the parent company of Facebook and Instagram, announced plans to launch “aggressive” spending on research of Artificial Intelligence and development of AI products. The news didn’t sit well with the investors and caused the company’s stock to slide more than 14% in after-market...

Nasdaq Futures Plunge 1% Following Disappointing Earnings

Futures listed on the tech-heavy Nasdaq Composite index fell by about 1% during early trading on Thursday following a wave of weaker-than-expected company earnings. Meta Inc. stocks fell by 4% during pre-market trading after the company admitted that it's facing an uncertain economic environment,...

Meta Employees Will Face Termination for Not Complying With “In-Person Time Policy”

Facebook and Instagram's parent company Meta is taking a hard stance on remote working. The company recently told employees that a new “in-person time policy” will be put in place in September, and those that don’t comply with it may face disciplinary actions, including...

Earnings Estimates Released for Meta’s Q2 Results

Facebook owner Meta is set to announce its second-quarter financial results on Wednesday after the opening bell. Analysts appear optimistic about the company's Q2 performance, with JMP Securities Analyst Andrew Boone raising his price target on the company from $300 to $350. Digital ads, artificial...

Meta Stock Soars After Impressive Q1 Earnings Results

Meta Platforms, the parent company of Facebook and Instagram, took investors and analysts by surprise with its first-quarter earnings results. Wednesday’s report revealed that Meta not only topped expectations by a healthy margin but also recorded sales growth after three consecutive negative quarters. As a...

Meta Officially Launches Paid Verification Program “Meta Verified” in the US

After debuting its paid verification program “Meta Verified” in New Zealand and Australia in February, Meta has officially made the option available to Facebook and Instagram users in the United States. The announcement was made by the company’s CEO Mark Zuckerberg on Meta’s Instagram...