Visitors take photos in front of the Meta (Facebook) sign at its headquarters in Menlo Park, California, on December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies mak...
Tag: Meta Platforms Inc
Apple, Meta, Costco, Marvell, C3.ai and more
An attendee wears a Meta Platforms Inc. Oculus Quest 2 virtual reality (VR) headset at the Telefonica SA stand on day two of the Mobile World Congress at the Fira de Barcelona venue in Barcelona, Spai...
Stocks making the biggest moves midday: NCLH, TGT, AAP
The Norwegian Dawn cruise ship arriving in the French Mediterranean port of Marseille, July 27, 2021. Gerard Bottino | SOPA Images | LightRocket | Getty Images Check out the companies making headlines...
Layoffs spread, but some employers can’t hire fast enough
A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Job cuts are rising at some of the biggest U.S. companies, but others are stil...
These 8 billionaires have more combined wealth than half of Silicon Valley
Eight billionaires hold more wealth than 50% of households in Silicon Valley, nearly half a million people, according to a new report. While the wealth gap narrowed by about 3% nationwide in 2021, it ...
Hedge-fund legend Seth Klarman pounced on Amazon and parent companies of Google and Facebook in the fourth quarter
Seth Klarman, one of the top money managers of all time, quadrupled his firm’s stake in Amazon.com in the fourth quarter, one of several big bets on mega-cap tech companies that were made. A 13-F fili...
Z, MSFT, META, FIS, FSLY
Microsoft signage is seen at the company’s headquarters in Redmond, Washington, January 18, 2023. Matt Mills Mcknight | Reuters Check out the companies making the biggest moves midday: Zillow Gr...
Stocks making the biggest moves premarket: FNF, RL, CAT
A Ralph Lauren store in downtown Philadelphia, PA. Fred Imbert | CNBC Check out the companies making headlines before the bell. Norfolk Southern — Shares slid more than 3% following reports that the E...
This Facebook executive’s $4 million stock sale could be another sign of Meta’s rebound
A Meta Platforms Inc. executive’s multimillion-dollar stock sale could be another sign that things are returning to normal at the social-media company. Chief Business Officer Marne Levine sold $4.45 m...
Stocks drop as Treasury yields widen their inversion
Traders work on the floor of the New York Stock Exchange (NYSE) on June 27, 2022 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, internationa...
The U.S. economy gives conflicting signals
Traders work on the floor of the New York Stock Exchange (NYSE) on July 25, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, o...
Cramer says he’s intrigued by these 10 top-performing S&P 500 stocks
CNBC’s Jim Cramer on Wednesday identified 10 stocks in the S&P 500 that investors should consider grabbing at the right price. “Consider me intrigued, but only if we have a couple more...
Biden targets stock buybacks — do they help you as an investor?
There seem to be two camps when it comes to stock buybacks. On one hand, share buybacks can reduce a company’s share count, which increases profit per share and hopefully supports a rising stock price...
Big Tech added to a shrinking forecast, but maybe Bob Iger can brighten the mood
Wall Street’s expectations for 2023 have been diving as forecasts for the new year come in light, and the news could get worse once they factor in disappointing results from Big Tech. But at least Bob...
Tech execs can’t stop talking about AI after success of ChatGPT
The pace of artificial-intelligence chatter from executives is picking up after the success of ChatGPT, and it isn’t all from Big Tech. Big Tech companies like Microsoft Corp., Meta Platforms Inc., an...
Cramer says Meta’s latest quarter shows why he stuck with the stock
CNBC’s Jim Cramer on Thursday used Facebook parent company Meta Platforms as a case study of why it sometimes pays off to hold downtrodden stocks. “When companies change their stripes, or ...
Stocks moving big midday: META, ALGN, COIN
The Commission took issue with Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Check out the companies making h...
Jim Cramer’s Investing Club meeting Thursday: Meta, Eli Lilly
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Don’t sell Meta Loo...
Fanatics to start livestreamed shopping of trading cards, collectibles
New York, NY. – December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC. The Washington Post | Getty Images Fanatics is moving into livestr...
Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those t...
Tech layoffs may be continuing, but these skills are still in high demand
Tech titans including Google parent Alphabet, Microsoft, Meta META, +2.79%, IBM IBM, +0.27% and Amazon AMZN, +1.96% have announced thousands of job cuts in recent months, as the sector attempts to mee...
Meta stock spikes nearly 20% as cost cuts and $40 billion for investors overshadow earnings miss
Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new yea...
Stocks moving big after hours: META, ALGN, ELF
Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after-hour trading. Meta — The Facebook parent jumped 17% after the company announced a $40 billi...
Stocks moving big after hours: SNAP, EA, AMD, WDC
Snapchat logo displayed on a phone screen is seen with a laptop in the background in this illustration photo taken in Krakow, Poland on August 10, 2022. Jakub Porzycki | Nurphoto | Getty Images Check ...
Jim Cramer says his group of FANG tech companies have lost their magic
CNBC’s Jim Cramer on Monday said that it’s time to acknowledge that his group of Big Tech FANG companies — the acronym for Facebook parent Meta Platforms, Amazon, Netflix and Google parent...
TikTok in Europe’s crosshairs as U.S. mulls ban on Chinese-owned app
TikTok holds its End Of Year Event 2022 in Milan, Italy, on Dec. 13. Claudio Lavenia | Getty Images Entertainment | Getty Images TikTok is beginning to feel the sting of political and regulatory press...
Apple, Amazon, Facebook and Google face earnings test amid Big Tech layoffs
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning. After tech stocks were decimated in 2022, in...
Meta’s ‘darkest days’ are ahead, but some analysts say ad sales are still on track
From all indications, Meta Platforms Inc. appears to be in mega trouble as it prepares to announce fiscal fourth-quarter results on Wednesday. Facebook’s embattled parent company META, +3.01% is awash...
Tech jobs hot despite Amazon, Google, Meta, Microsoft layoffs
Thomas Barwick | DigitalVision | Getty Images Big-name tech firms like Amazon, Google, Meta and Microsoft are undergoing mass layoffs, but job prospects for applicants in the broader tech ecosystem ar...
Uber Freight cuts 150 jobs, about 3% of the unit’s headcount
Uber Freight has laid off 150 employees, or about 3% of the segment’s total headcount. The layoffs impact the division’s Digital Brokerage team, Uber Freight CEO Lior Ron said in a Monday ...
‘It is an employer’s market’: Tech layoffs may have turned the Great Resignation into the Great Recommitment
The flood of Big tech layoffs has again upended the dynamic between employers and employees, workers and executives say, leading to prolonged job searches and widespread fear and anxiety among many in...
The 20 worst U.S. stocks in February: the biggest loser dropped 35%
Updated with month-end prices. The euphoria of January reversed in February, with broad declines for stocks across the board as interest rates continued to rise. Bond interest rates are more attractiv...