Mark Zuckerberg
DC AG sues Meta CEO Zuckerberg over Cambridge Analytica privacy scandal
District of Columbia Attorney General Karl Racine announces a civil lawsuit against extremist groups the Proud Boys and Oath Keepers, over the deadly Jan. 6 attack on the U.S. Capitol, at the Capitol in Washington, December 14, 2021. Jonathan Ernst | Reuters District of Columbia Attorney General Karl Racine is suing Meta CEO Mark Zuckerberg […]
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Facebook’s IPO 10 years later — new name, same CEO and a familiar problem
A decade ago, Facebook told the public markets that it was pouring money into smartphone apps because mobile usage was key to the company’s growth, even though it did “not currently directly generate any meaningful revenue” at the time. That was in the prospectus for its Nasdaq debut, which took place ten years ago Wednesday […]
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Elon Musk invited to discuss $44 billion Twitter deal in UK Parliament
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Tesla CEO Elon Musk has been invited to testify in the U.K. Parliament about his deal to buy Twitter for $44 billion. Julian Knight, who chairs the parliamentary committee on digital, culture, media and sport, sent Musk a letter requesting […]
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‘This is what you live for’: Top tech analyst says buy the dip on these high-quality stocks
Investors can get “high quality assets that are trading 20% off,” tech analyst Mark Mahaney says, revealing his top picks. Source
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Meta shares surge 15% after Facebook parent beats earnings estimates
Expectations were already low going into Meta’s latest quarterly results, which were a mixed back. Sopa Images | Lightrocket | Getty Images Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. Meta reported earnings per share of $2.72, higher than the $2.56 expected by […]
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Facebook forecast points to possible revenue drop for the first time after decade of growth
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Prior to the first quarter of this year, Facebook’s revenue growth had never sunk into the single digits. In the second quarter, it may not grow at all. Though shares of Facebook […]
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Facebook shares spike on better-than-expected quarterly earnings
Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Shares of Facebook parent Meta jumped 15% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Here are the results. Earnings […]
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Facebook is opening its first showroom to sell VR headsets
Meta, formerly known as Facebook, is opening its first retail location in an effort to sell people its Oculus virtual reality headsets and its idea of the “metaverse,” the company announced Monday. But it’s not a huge step into retail. Unlike Apple and other tech companies that have stores in heavy foot-traffic areas like shopping […]
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Meta plans to take a nearly 50% cut on NFT sales in its metaverse
Facebook on Thursday announced that it is opening up Horizon World, its virtual reality world of avatars, to anyone 18 and older in the U.S. and Canada. Courtesy of Meta Facebook-parent Meta is planning to take a cut of up to 47.5% on the sale of digital assets on its virtual reality platform Horizon Worlds, […]
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Mark Zuckerberg says Meta will test selling virtual goods in the metaverse
Facebook CEO Mark Zuckerberg is seen fencing in the “Metaverse” with an Olympic gold medal fencer during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released October 28, 2021. Facebook | via Reuters Meta CEO Mark Zuckerberg wants to make […]
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