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Mark Zuckerberg

Meta’s Reality Labs posts $3.85 billion loss in first quarter

by Edgar Davis
Meta’s Reality Labs posts .85 billion loss in first quarter

Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference while wearing a virtual reality headset in San Jose, California. Glen Chapman | AFP | Getty Images …

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Meta stock down on weak revenue forecast

by Edgar Davis
Meta stock down on weak revenue forecast

Meta shares tumbled 10% on Thursday, their worst day since October 2022, after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat. The stock closed at $441.38, …

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Meta shares drop after weak revenue growth, AI expenses warning

by Edgar Davis
Meta shares drop after weak revenue growth, AI expenses warning

Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter than expected revenue, evaporating $200 billion in stock market value and raising fears that the surging cost of …

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Digital ad market on mend as Meta, Alphabet, Snap show faster growth

by Edgar Davis
Digital ad market on mend as Meta, Alphabet, Snap show faster growth

A view of Google Headquarters in Mountain View, California, United States on March 23, 2024.  Tayfun Coskun | Anadolu | Getty Images Advertising is so back. After a brutal 2022, …

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Wall Street and tech billionaires race to buy banned TikTok

by Edgar Davis
Wall Street and tech billionaires race to buy banned TikTok

A handful of American finance and tech tycoons are gearing up for multi-billion bids to buy TikTok after President Joe Biden signed an act which will force its Chinese owners …

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Mark Zuckerberg net worth falls $18 billion over Meta earnings

by Edgar Davis
Mark Zuckerberg net worth falls  billion over Meta earnings

Meta Platforms CEO Mark Zuckerberg speaks about the Facebook News feature at the Paley Center For Media in New York on Oct. 25, 2019. Drew Angerer | Getty Images News …

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Elon Musk, Mark Zuckerberg excluded from AI safety board

by Edgar Davis
Elon Musk, Mark Zuckerberg excluded from AI safety board

The CEOs of leading US technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related …

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Meta plunges nearly 15% after Mark Zuckerberg’s firm forecasts higher expenses from ‘aggressively’ investing in AI

by Edgar Davis
Meta plunges nearly 15% after Mark Zuckerberg’s firm forecasts higher expenses from ‘aggressively’ investing in AI

Meta plunged nearly 11% Thursday after the Facebook-parent forecast higher expenses over its plans to “invest aggressively” in artificial intelligence. The Mark Zuckerberg-led tech giant’s stock closed at $441.38 — wiping …

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What Is Meta CEO Mark Zuckerberg’s Salary, Security Costs?

by Edgar Davis
What Is Meta CEO Mark Zuckerberg’s Salary, Security Costs?

A new filing with the Securities and Exchange Commission revealed that Meta founder and CEO Mark Zuckerberg only made a $1 salary in 2023 — but he received an additional …

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Alphabet tempers worries that it’s falling behind in AI in Q1 results

by Ron Morgan
Alphabet tempers worries that it’s falling behind in AI in Q1 results

Alphabet went into its earnings report on Thursday facing concerns about the growth of its core Google ads business and the company’s ability to generate profits from its hefty investments …

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