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Meta's AI spending tests Facebook's growth-first playbook
Yahoo Finance via AOL· 3 days ago$40 billion in capex. Meta (META) CEO Mark Zuckerberg invoked an earlier Facebook era, when the...
Meta Q1 2024 Earnings Update
Seeking Alpha· 4 days agoMeta mentioned in the call that they grew conversions at a faster rate than impressions over the course of this quarter, making the ads more performant....
Meta’s aggressive AI spending to weigh on stock in near-term: analysts
Proactive Investors· 3 days agoAnalysts at Wedbush have slashed their price target for Facebook and Instagram owner Meta Platforms...
Zuckerberg says it will take Meta years to make money from generative AI
The Verge· 5 days agoThe generative AI gold rush is underway — just don’t expect it to create profits anytime soon....
Mark Zuckerberg warns of stock volatility as Meta bets billions more on AI investment ‘before we...
Fortune via Yahoo Finance· 5 days agoAnd Google-owner Alphabet has been investing heavily in AI for years. While Google and Microsoft...
Microsoft and Alphabet prove the AI boom has more room to run
Business Insider· 3 days agoMicrosoft and Google's parent company both beat Wall Street's Q1 expectations. Their CEOs say that's...
Meta earnings hold some positives, argues analysts
Proactive Investors· 4 days agoBank of America believes Meta’s first quarter highlighted several “revenue growth benefits” including higher legal expense accruals, benefits from a...
Wall Street Flashes Concerns Over Meta’s Expensive Push Into AI Development
The Wrap via Yahoo Finance· 5 days agoDespite beating estimates and doubling its Q1 net income to $12.37 billion, the tech company's...
TikTok Ban Bill Passed by Congress. What Happens Next.
Barrons.com· 6 days agoAbout 60% of TikTok users identified Facebook or Instagram as their most likely alternative in the...
Zuckerberg burns some goodwill on Wall Street as he plows forward with the metaverse
Market Watch· 5 days agospending will include a lot more on virtual and augmented reality. The first question from analysts...