Meta's shares dropped more than 5% following reports that the company might raise tens of billions of dollars through a stock offering to fund its artificial intelligence initiatives. This move would follow Alphabet's recent announcement to raise $85 billion for similar AI investments. Meta has not officially hired banks or confirmed the stock sale, with a spokesperson calling the reports speculative. Both Meta and Alphabet are heavily investing in AI infrastructure, with Meta recently increasing its 2026 capital expenditure guidance to $145 billion. Investors remain cautious as Meta's stock has underperformed compared to Alphabet, which benefits from a strong cloud business.
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
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 ...
