|Day's range||152.08 - 152.08|
Among the top stories from Thursday: Lululemon's first quarter results topped analyst estimates, sending shares soaring after-hours. Meanwhile, Meta has unveiled its latest VR headset. The Quest 3 will be available this fall and will cost $499. Finally, some dating app users are doing something different to attract dates: posting their credit scores. The Yahoo Finance Live team debates whether or not it's a good idea.
Meta debuted its Quest 3 headset just days before Apple is expected to launch its own AR/VR headset.
A 2018 privacy lawsuit brought by Washington, D.C., against Facebook owner Meta Platforms Inc was dismissed on Thursday by a Superior Court judge, who ruled the firm did not mislead consumers over the Cambridge Analytica scandal. The lawsuit alleged violation of the district's consumer protection law. The social media firm drew global scrutiny in 2018 after disclosing that a third-party personality quiz distributed on Facebook gathered profile information on 87 million users worldwide and sold the data to British political consulting firm Cambridge Analytica.
(Bloomberg) -- Meta Platforms Inc. is asking employees assigned to an office to come in three times a week beginning in September, according to people familiar with the matter, joining a clampdown on remote work in the tech industry.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceDebt-Limit Deal Passes the House, Easing US Default ConcernsBillionaire Pe
Shares of Meta Platforms (NASDAQ: META) were moving higher today as investors responded favorably to the Facebook parent's launch of its new Quest 3 mixed reality (MR) headset, which comes just days ahead of Apple's (NASDAQ: AAPL) expected reveal of its own MR headset. As a result, Meta stock was up 3.4% as of 2:08 p.m. ET on Thursday on the news. In an Instagram post, CEO Mark Zuckerberg announced the highly anticipated device.
New version of headset is slimmer and faster, Meta says – just as Apple rumoured to launch its own competitor
Meta Platforms CEO Mark Zuckerberg on Thursday revealed the company's next generation mixed reality headset, the Quest 3, as the company braces for Apple to potentially reshape a nascent market that Meta has dominated so far. Priced starting at $499, the device will be 40% thinner than the company's previous headset and feature color mixed reality, which combines augmented and virtual reality (AR/VR) elements, Zuckerberg said in an Instagram post ahead of Meta's annual gaming conference. Meta also said it would lower the prices of its existing Quest 2 headsets, while adding performance upgrades to those devices aimed at delivering a smoother user experience.
Don't jump to conclusions just because the metaverse isn't quite the priority it used to be for Facebook parent Meta.
The New York Times Company (NYT) expects second-quarter 2023 subscription revenues to increase about 6-8%.
Today, only five companies have market capitalizations above the $1 trillion market -- Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon. If you're looking for worthwhile investment opportunities in mega-cap companies with promising AI opportunities, read on to see why Taiwan Semiconductor Manufacturing (NYSE: TSM) and Meta Platforms (NASDAQ: META) both have strong odds of crossing the $1 trillion-valuation threshold by 2030. Keith Noonan: Taiwan Semiconductor Manufacturing, also known as "TSMC," is a pure-play chip fabrication business.
A Russian court on Thursday fined messenger service WhatsApp three million roubles ($37,080) for not deleting banned content, its first fine in Russia for that offence. WhatsApp's parent company Meta Platforms Inc was branded an "extremist" organisation by Moscow last year, but the messenger app - which is widely popular in Russia - has not previously faced penalties for failing to remove prohibited information. Other Meta services, Facebook and Instagram - now banned in Russia - have been fined over content, as have the likes of Twitter and Alphabet's Google.
Along with Nvidia (NVDA), Meta Platforms (META) currently stands out among the rare list of stocks to have hit a trillion-dollar market cap on U.S. stock exchanges.
Meta executives outlined their future plans at the company's annual shareholder meeting. Leadership stressed their commitment to cost-cutting, the plans to further develop the metaverse, its share structure, and even the company's role in society. Yahoo Finance tech reporter Allie Garfinkle breaks down what this could all mean for the future of the stock.
After Nvidia joined the $1 trillion market club on Tuesday, Yahoo Finance spoke with experts, analysts, and strategists, who weighed in on the outlook for the company amid recent AI trends. Yahoo Finance's Brad Smith spoke on the fanfare around Nvidia (NVDA) and AI. Smith said, "I'm going to break this down in three quick letters, it's A M C. At the top, you've got the applications that are going to sit on top of the M, the language-learning models, and at the bottom of it you've got the chips and the data centers." KeyBanc Capital Markets Equity Research Analyst John Vinh discussed Nvidia's advanced software. Vinh said, "They've got millions of AI developers that are focused on the Nvidia ecosystem and it's really this software ecosystem that's going to give them a sustainable advantage for quite some time." Yahoo Finance's Dan Howley explained what he thinks gives Nvidia an edge. Howley said, "People are really talking about how to get their chips at this moment. We're not talking about small firms either. We're talking about the likes of Microsoft (MSFT), Google (GOOG, GOOGL), Meta (META) ... Nvidia really is riding this hype train, and they're the conductor." Annandale Capital Founder and Chairman George Seay discussed his thoughts on Nvidia and why investors should remain cautious on AI. Seay said, "Nvidia is going to be a big winner. And I think you've got to look at some of the others like Google and Amazon, some of the other beneficiaries of this movement, and basically spread your bets." Video highlights: 00:00:03 - Yahoo Finance's Brad Smith 00:00:28 - KeyBanc Capital Markets Equity Research Analyst John Vinh 00:00:53 - Yahoo Finance's Dan Howley 00:01:24 - Annandale Capital Founder and Chairman George Seay
Facebook parent Meta Platforms said on Wednesday it would remove news content in its home state of California if the state government passed legislation forcing tech companies to pay publishers. The proposed California Journalism Preservation Act would require "online platforms" to pay a "journalism usage fee" to news providers whose work appears on their services, aimed at reversing a decline in the local news sector. In a tweeted statement, Meta spokesman Andy Stone called the payment structure a "slush fund" and said the bill would primarily benefit "big, out-of-state media companies under the guise of aiding California publishers."
Based on the average brokerage recommendation (ABR), Meta Platforms (META) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
All Nippon Airways has launched an NFT marketplace, making Japan's largest carrier the first airline group to venture into the sale of digital collectibles.
Share repurchase programs are very popular with investors -- especially one of the world's best.
Nvidia shares have skyrocketed this year, up more than 175% since the start of 2023. It's all thanks to the rise of generative AI. Really powerful chips called graphics processing units (GPUs) are needed to power these new AI systems. These are the kinds of GPUs Nvidia makes. Despite it's rise, Nvidia does have its detractors. ARK Invest's (ARKK) Cathie Wood explained why her firm sold their Nvidia shares back in January, saying the stock was overpriced. Nvidia's strong performance has sent the its stock not just to new highs, but granted it entry to an exclusive club: the stocks that have a market cap of $1 trillion plus. Nvidia (NVDA) joins such tech giants as Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN) in the club. Apple was the first member, surpassing the $1 trillion mark in August 2018. Former members of the club include Meta (META) and Tesla (TSLA), which now have market caps of $600 billion+. Yahoo Finance's Brad Smith tells Seana Smith and Akiko Fujita how it took Nvidia about 24 years to become a $1 trillion company and how that compares to other members' rise. Key video moments: 00:00:20 $1 Trillion club members 00:00:44 How Nvidia compares to other $1T members 00:01:35 How AI boosted Nvidia shares
Ericsson (ERIC) partnered with MediaTek to demonstrate a record 5G upload speed of 440 Mbps leveraging RAN Compute Baseband 6648 and a mobile device equipped with MediaTek 5G smartphone chipset.
Nokia (NOK) introduces new 4G and 5G core network software solutions tailored to the needs of mission-critical operations.
Artificial intelligence (AI) is hot right now. My prediction is that six AI stocks will be worth a combined $20 trillion or more by 2030. It's no coincidence that 6 out of the 7 biggest stocks based on market cap that trade on U.S. exchanges have a major focus on AI.
Nvidia debuted a host of new AI technologies on Monday, as the chip giant's stock price soared on a positive second quarter outlook.
Today we're going to take a look at the well-established Meta Platforms, Inc. ( NASDAQ:META ). The company's stock...
Firms ‘should contribute to refunds’ as two-thirds of online scams now originate in Facebook and Instagram