Meta Platforms Inc
Alphabet should minimize headcount and trim expenses, activist investor TCI claims
The emblem of Google is viewed at the superior profile startups and large tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. Charles Platiau | Reuters Alphabet ought to acquire “intense action” to trim headcount and wage price, and produce a very clear action approach to buyers, TCI Fund Management wrote in a letter […]
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Advert market even worse than for the duration of lows of the pandemic, claims Warner Bros Discovery CEO David Zaslav
David Zaslav Anjali Sundaram | CNBC The advertising and marketing market is at the moment weaker than at any point during the coronavirus pandemic slowdown of 2020, Warner Bros. Discovery Chief Executive David Zaslav mentioned at an expenditure conference Tuesday. If the advertisement sector isn’t going to improve next yr, “it is going to be […]
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‘No longer science fiction’? Metaverse could pump $1.4 trillion a year into Asia’s GDP, report says
The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. Weiquan Lin | Moment | Getty Images Meta‘s huge bet on the metaverse may have put the company in dire straits, but a new Deloitte report suggests that virtual realities […]
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Tech shares bounced back previous 7 days — and analysts say these winners can go even increased
Tech shares noticed a rebound in investing previous week, as a lighter-than-anticipated inflation looking through spurred hopes that the U.S. Federal Reserve would shortly mood its aggressive pace of monetary plan tightening. The deceleration in buyer price expansion was a boon to the embattled sector, which experienced been reeling from earnings disappointments and layoffs from […]
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From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses
From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company back up his contention that so far his tenure […]
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3 takeaways from our daily meeting: Buying health stocks, Danaher China play, tech cutting costs
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Buying health stocks DHR as a China reopening play Tech cutting costs 1. Buying health stocks on the dip Health-care stocks were down on Friday, along with other defensive names, […]
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Crypto peaked a year ago — investors have lost more than $2 trillion since
An attendee wears a “Will Work for NFTs” shirt during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Thursday, June 9, 2022. The festival showcases all sides of the blockchain, crypto, NFT, and Web 3 ecosystems, and their wide-reaching effect on commerce, culture, and communities. Jordan Vonderhaar | Bloomberg | Getty Images A […]
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Meta Quest Pro review: A very expensive VR experiment that doesn’t have a target audience
Sofia Pitt using Meta Quest Pro Sofia Pitt I’ve been testing the new $1,500 Meta Quest Pro virtual reality headset since it launched on Oct. 25. After spending about two weeks with it, here’s my takeaway: The Pro has an identity crisis. At $1,500, it’s far too expensive to be considered a consumer device for […]
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Jim Cramer warns that growth stocks could see ‘more horror’ after CPI data release
CNBC’s Jim Cramer on Wednesday warned that growth stocks could take another beating if the October consumer price index reading shows that inflation is still running rampant. “If we get a steaming hot CPI reading, you’re going to see more horror on your screen, so that’s why people sold ahead of it,” he said. The […]
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Leaked video: Mark Zuckerberg addresses Meta workforce following mass layoff
Meta CEO Mark Zuckerberg resolved staff pretty much on Wednesday close to 1pm ET, several hours right after the corporation declared it is laying off 13% of its employees. A partial online video was acquired by NBC Information. In a letter early Wednesday morning, Zuckerberg said Meta is generating reductions in each organization but that […]
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