Jio Platforms' shares surged 21.4% on their trading debut following India's largest-ever IPO, which raised $3.2 billion by offering 270 million shares at 1,119 rupees each. The IPO was oversubscribed over 22 times, driven by strong demand from institutional investors. Reliance Industries holds a 66% stake in Jio, with Meta and Google owning significant minority shares. Analysts expect improved free cash flow as Jio's capital expenditure cycle winds down, with shares trading above the IPO price shortly after listing.
Following the excitement around Jio Platforms' IPO, Meta and Google shares show steady performance on Pluang as of Oct 28, 2026 11:51 WIB. Meta trades at USD 620.58 with a modest 0.06% gain, while Google's shares are up 1.23% at USD 324.51. Investor interest remains strong, reflected in Pluang order activity with 66% buying Meta and 73% buying Google.
Anthropic disclosed in its SEC filing that it had $112.4 billion in cash and $19.3 billion in short-term investments as of June 30, totaling $131.7 billion. This amount surpasses every non-bank U.S. company except Berkshire Hathaway and Alphabet, exc...
Newly unsealed court documents reveal that Meta employees discussed plans to discredit social media critic Jonathan Haidt, who has been vocal about the negative effects of social media on teen mental health. The documents show Meta’s efforts to convi...
Meta Platforms reported a sharp stock drop following earnings that included a $9.89 billion legal charge and negative free cash flow of $2.12 billion. Despite these setbacks, revenue beat estimates at $64.6 billion, driven by strong ad pricing and us...
Meta Platforms saw a 26% revenue increase to $64 billion in Q3, fueled by a 10% rise in ad impressions and 14% higher ad prices year-over-year. The company's AI agent, Muse, is gaining early traction and is expected to open new revenue streams throug...
Anthropic and Meta Platforms plan to raise up to $200 billion to expand their AI capabilities, driving a surge in US economic activity. This investment builds on hundreds of billions already spent by US companies on AI infrastructure, including chips...
