Product that tells our story
Tough luck, Zuck! Mark Zuckerberg tumbled from third to fifth place on the Bloomberg Billionaires Index after Meta’ stock plunged 11% on Thursday — wiping out $29.2 billion from his fortune in just one day. The 41-year-old CEO’s net worth fell to $235.2 billion, his lowest ranking in nearly two years, as investors recoiled from […]
Shares in Meta and Microsoft plunged Thursday after the tech giants announced plans to ramp up AI spending – and investors worried that the cash might not yield major payouts. Fears that artificial intelligence investments have been overhyped sent the tech-heavy Nasdaq down 1.3% as of about 3:30 p.m. ET Thursday. Meta’s stock cratered about […]
Meta on Wednesday said that it plans to cut approximately 600 jobs in its artificial intelligence division, according to a memo sent to employees that was relayed to The New York Times, as the company seeks to keep pace with competitors in the furious contest over the technology. The layoffs will be in Meta’s so-called […]
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta said Tuesday that it formed a joint venture agreement with Blue Owl Capital in a deal worth $27 billion to fund and […]
Apple AirPods Pro 3 models are displayed during Apple’s “Awe-Dropping” event at the Steve Jobs Theater on the Apple Park campus in Cupertino, California, on Sept. 9, 2025. Nic Coury | AFP | Getty Images For decades, shows like “Star Trek” and novels like “The Hitchhiker’s Guide to the Galaxy” have showcased fictional universal translators, […]
Meta has been issued a legal notice from the Attorney General’s Office in Brazil over the proliferation of gambling ads on its social platforms. The parent company of Facebook, Instagram, and WhatsApp has been instructed to remove the content, following a search of Meta’s ad library, which contained “hundreds” of active advertisements from profiles lacking […]
Meta Platforms narrowed its annual capital expenditures forecast on Wednesday, driven by the social media giant’s high-stakes push for “superintelligence” in the heated AI race, sending its shares up nearly 9% in extended trading. The Facebook and Instagram parent now expects capital expenditures to be between $66 billion and $72 billion, compared with its prior projection of $64 […]
This content contains affiliate links. When you buy through these links, we may earn an affiliate commission. Welcome to Today in Books, our daily round-up of literary headlines at the intersection of politics, culture, media, and more. What We Talk About When We Talk About Synergy Cynthia Erivo has announced a memoir of “powerful, personal […]
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta on Wednesday prevailed against a group of 13 authors in a major copyright case involving the company’s Llama artificial intelligence model, but the judge […]
Mustafa Hatipoglu | Anadolu | Getty Images Meta spoke with artificial intelligence startup Runway about a potential takeover ahead of its multibillion-dollar investment in Scale AI, CNBC confirmed on Monday. Runway is best known for its AI video generation tools and earned a spot on CNBC’s Disruptor 50 list earlier this month. The deal talks […]
