Meta shares rose premarket after the social-media giant announced widespread layoffs! Shares of Facebook parent Meta Platforms rose after founder Mark Zuckerberg said the social-media company would cut more than 11,000 jobs. TweetRead More
The tech had a bad day in the office!! Company posts second consecutive quarter of declining revenue and warns of rising costs, accelerating losses at metaverse unit Shares of Meta Platforms slid onRead More
Meta is trading at its lowest since early 2019, and the stock is one of the worst performers this year in the S&P 500. The company’s problems are mounting, mostly from the adRead More
Facebook Meta Platforms Inc is expected to post its biggest drop in daily users and its first decline in revenue, as the company struggles to adjust to growing competition from TikTok. Average-daily-user numbersRead More
Facebook agreed to pay $650 million to end the litigation, The residents of Illinois are already getting the part of benefit, the total of $397 paycheck, and the money is headed to IllinoisRead More
Meta, developed e-commerce services in 2020 as people shopped more from home and the company faced a changing digital ad market. Two years later, employees, former executives and retailers say the division remainsRead More
There are 2,82 billion daily active user of all Meta platforms, of which facebook has 1.93 billion. This is an increase of 9% and %5 respectively, year-over-year, according to the Full Year 2021Read More
The Facebook plunged 26% in early U.S. trading on the back of poor earnings results, putting it on track to erase about $250 billion. *Bloomberg tweet LATEST: Meta's stock collapsed as much asRead More
When Facebook launched Diem (ex-Libra) back in 2019, it pitched the idea for a global digital currency its expectations were high to create a global stable coin currency via social apps Today, accordingRead More
