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.
Arturo Béjar, a former Meta safety researcher, testified that Mark Zuckerberg and Meta ignored child safety issues on Facebook and Instagram to protect profits. Béjar claimed Zuckerberg misled the public about the company's commitment to protecting y...
Meta Platforms faces a major lawsuit from 29 state attorneys general accusing it of designing addictive social media for young users, causing its shares to drop over 30% from last year's highs. Despite a theoretical $1.4 trillion damages figure, most...
Maverick Capital, led by Lee Ainslie, made a significant portfolio shift by reducing holdings in mature chip leaders Nvidia (NVDA) and TSMC (TSM) and investing heavily in five surprising new positions: Meta Platforms, AMD, Snowflake, Intel, and Nu Ho...
Meta Platforms' stock has dropped 8% recently due to concerns over an AI bubble and significant legal risks, including a potential $200 billion penalty related to youth safety. Despite these challenges, the company is investing heavily in AI and expa...
Bank of America analysts believe Nvidia's stock, currently at $218, could rise to $350, implying a 50% upside. They argue the market undervalues Nvidia's free cash flow and overestimates AI risks. Nvidia's strategy includes securing chip supply and i...
