A single line in Meta's guidance wiped out billions in market cap while the underlying business barely budged.
Meta terminated its contract with Kenyan AI training firm Sama shortly after workers alleged they were exposed to graphic footage captured through its smart glasses.
Meta Platforms, Inc. (NASDAQ:META) was among Jim Cramer’s stock calls on Mad Money recently as he recapped mega-cap tech ...
Meta increased its capital spending by $10 billion because it “continued to underestimate,” its compute needs, said its CFO.
Meta beat on revenue, but showed disappointing user numbers and its capital expenditures were below estimates.
Meta Chief Executive Officer Mark Zuckerberg blamed AI and capital spending for recent layoffs and said more could be coming.
Shares of Meta are trading roughly 41% lower than their price target — one of the widest dislocations among mega-cap tech.
Mark Zuckerberg says Meta's plan to cut about 10% of its workforce is tied to increased AI investment, while leaving the door ...
Meta stock plummeted on Thursday after the company upped its full-year AI spending forecast but struggled to clarify how it ...
Meta Platforms (META 0.11%) stock plunged on Thursday as investors balked at its plans to increase capital expenditures to ...