Meta reported a consistent $4 billion quarterly loss on its Reality Labs division, totaling $83.5 billion since 2021, reflecting ongoing challenges in its metaverse efforts. Despite this, Meta posted strong Q1 earnings with $26.8 billion net income and $56.3 billion revenue, driven by its social media business. The company is shifting focus to AI, planning to spend $125-145 billion by 2026 to compete with AI leaders like OpenAI, with CEO Zuckerberg emphasizing increased infrastructure costs and investment efficiency. Investor concerns remain high as Meta's CFO noted unpredictable future capital needs, causing a 5% stock drop after hours.
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
Meta Platforms announced it will release its second quarter 2026 financial results after market close on July 29, 2026. The company will hold a conference call at 1:30 p.m. PT to discuss the results, which will be available live via webcast on its in...
