Meta's Reality Labs, the division behind VR headsets and AI-powered wearables, reported a $4.62 billion loss in Q2, slightly better than the expected $5.07 billion loss. Revenue increased to $431 million from $370 million a year ago. Despite ongoing losses totaling over $80 billion since 2020, Meta continues to invest in VR and wearable tech, including Ray-Ban Meta glasses, as it shifts focus due to slow consumer adoption of VR. This reflects Meta CEO Mark Zuckerberg's long-term vision of digital worlds for work and play, though the market remains challenging.
Jersey Mike's Subs debuted on the NYSE at $23 per share, raising $1 billion and achieving a $7.3 billion valuation. The sandwich chain plans to expand into the UK and Ireland with 400 new stores, building on its 3,300+ North American locations. Meanw...
Microsoft stock surged 8.88% in after-hours trading following its Q4 FY2026 earnings report, adding $257 billion to its market value. The company beat analyst forecasts with EPS of $4.74 versus $4.24 expected and revenue of $90.01 billion versus $87....
Microsoft's shares jumped 8% in premarket trading after reporting better-than-expected fiscal Q4 revenue and 43% growth in its Azure cloud business, signaling that its AI investments, including Microsoft 365 Copilot, are paying off. The company now h...
Meta CEO Mark Zuckerberg discussed the company's challenge of balancing monetizing excess AI data center capacity versus retaining it for future AI development. Despite heavy capital spending rivaling peers, Meta currently lacks a cloud services busi...
Meta CEO Mark Zuckerberg announced that within five years, billions of people will rely on personal AI agents to manage tasks across health, finances, and careers. Meta is actively developing these AI assistants, already serving over a million busine...
