On June 12, 2026, major Meta platforms including Facebook, Instagram, and Facebook Messenger experienced significant outages affecting tens of thousands of users. Reports peaked around mid-morning with over 130,000 Facebook issues logged, causing login problems and slow app performance, especially on mobile. While some services began recovering by late morning, Instagram and Messenger still showed intermittent disruptions. Meta has yet to provide a detailed explanation, and users are advised to monitor updates as the situation develops.
The IPO market is seeing a shift from the traditional FAANG companies to a new group dubbed MANGOS, which includes Meta (or Microsoft), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Several of these companies are planning to go public soon, presenti...
AMD shares rose 5% following Citi's upgrade from Neutral to Buy and a price target increase to $575, highlighting underestimated GPU growth amid AI demand. AMD reported strong Q1 2026 results with 38% revenue growth and robust data center sales, driv...
AMD, known for its CPUs, is gaining recognition as a key player in graphics processing units (GPUs). Citi analyst Atif Malik highlights that AMD is emerging as a strong second source for GPUs and is expected to secure a large portion of GPU business ...
Meta Platforms posted Q1 revenue of $56.31 billion, up 33% year-over-year, and earnings per share of $10.44, beating expectations. Despite strong growth, shares fell due to increased capital expenditures, which management raised for 2026, reflecting ...
SpaceX's IPO, the largest ever, has drawn significant investor attention with a $1.78 trillion valuation and $47.8 billion in revenue from multiple fast-growing segments including Starlink broadband, launch services, and AI compute infrastructure. Op...
