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 ...
Tag: Meta Platforms Inc
Continental Resources, Bank of America, Apple and others
Check out the companies making headlines before the bell: Continental Resources (CLR) –Chairman and founder Harold Hamm and his family will acquire the shares of the energy producer that they don̵...
Former Google ads boss raises $40 million for ‘Web3’ search startup
Google’s senior vice president of advertising and commerce Sridhar Ramaswamy Krisztian Bocsi | Bloomberg | Getty Images A top former Google executive wants to make searching the blockchain easie...
Defensives, trimming semis, Meta downgrade
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 Tuesday’s key moments. The defensives are the onl...
Amgen, Uber, Lyft, Zscaler and more
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, May 13, 2020. Mike Blake | Reuters Check out the companies making headlines in midday...
Meta’s Metaverse Push Is Racking Up Big Losses. Today, Zuckerberg Makes His Case.
Get ready for the state of the metaverse address. Meta Platforms CEO Mark Zuckerberg will deliver the keynote talk for this year’s edition of the company’s annual Meta Connect developer event, which ...
Zscaler, BlackRock, Roblox and more
Here are the companies making headlines before the bell: Angi (ANGI) – Angi shares added 2% in premarket trading after the online home services company named Joey Levin as CEO, replacing Oisin Hanraha...
CVS, Credit Suisse, AMD, Lyft and more
Omar Marques | LightRocket | Getty Images Check out the companies making headlines in midday trading Friday. Ambac Financial Group – Shares of the municipal bond insurer shot up 13.2% on news of settl...
Kim Kardashian settles SEC charges over Instagram EthereumMax crypto promo
Kim Kardashian’s crypto misadventure has landed her in hot water with federal regulators. The reality TV superstar and influencer has settled Securities and Exchange Commission charges that she ...
Disney reaches deal with Third Point, will add former Meta exec to its board
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Disney has reached a deal with activist investor Dan ...
Silicon Valley billionaires duel over Trump, midterm elections
Supporters of US President Donald Trump participate in the Million MAGA March to protest the outcome of the 2020 presidential election, in front of the US Capitol on December 12, 2020 in Washington, D...
Facebook parent is no longer one of 10 most valuable U.S. companies. Here’s what just overtook it.
Meta Platforms Inc. is furthering its descent through the ranks of the biggest companies in the U.S., this time falling below Exxon Mobil Co. for the first time in more than five years. The Facebook p...
Elon Musk tops Forbes list of 400 richest Americans
Elon Musk is now America’s richest person, according to Forbes. Musk, the 51-year-old Tesla TSLA, +2.51% executive who also wants to conquer the field of space exploration, was ranked No. 1 on the For...
We want to buy on market weakness
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. We have no choice but to ...
Almost 100 Facebook janitors laid off as Silicon Valley service-worker cuts continue
Nearly 100 Facebook janitors were laid off from the tech giant’s California offices Friday, two months after being told their jobs would be safe. The number of job cuts was actually supposed to be clo...
Facebook stock falls to yet another ignominious level
Facebook was a member of the exclusive $1 trillion club a year ago, but it’s fallen a long way since then. Now named Meta Platforms Inc. META, -2.18%, the company saw its market value fall below $400 ...
Lindsey Graham abortion ban bill splits GOP on midterm message
Republicans are distancing themselves from Sen. Lindsey Graham’s new proposal to ban most abortions after 15 weeks of pregnancy, as Democrats hold up the bill as proof the GOP seeks to restrict ...
It’s a great time to scoop up bargain stocks. Here are 21 examples that could make you a lot of money.
Are you a contrarian investor? Sometimes it seems everyone claims to be one, but it isn’t easy, especially after a wipeout such as the one we saw on Sept. 13. An investor who wishes to pay bargain pri...
The Meta meltdown: This chart shows Facebook’s fall from grace among the most valuable U.S. companies
Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by ma...
Meta, Rent the Runway, Oatly and Adobe
Onur Dogman | Lightrocket | Getty Images Check out the companies making headlines in midday trading Tuesday. Meta – Shares of Meta slid almost 8% as the overall market fell Tuesday. The company’...
JPMorgan picks stocks to benefit if the metaverse takes off in China
Some parts of China have officially promoted metaverse development plans. Pictured here is a metaverse exhibition area at an annual services trade expo in Beijing on Sept. 1, 2022. China News Service ...
Biden finalized his plan to rein in Big Tech. Big Tech wasn’t invited.
President Joe Biden’s administration issued a checklist of actions needed to rein in Big Tech on Thursday, after a roundtable “listening session” on issues within the technology industry. But administ...
Coinbase bankrolls suit against Treasury Department following Tornado Cash sanctions
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Coinbase is foo...
Apple decimated Meta’s adtech empire. Now, it’s honing in on its advertisers
In terms of Silicon Valley feuds, you’d be hard pressed to find one that’s spicier than the years-long battle between Meta and Apple. Meta Platforms CEO Mark Zuckerberg started steering his company to...
Express, Snap, Rocket Lab and more
Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the beleaguered retailer tumbled 19.8% after it outlined a strategic plan that only confirmed investor fea...
The S&P 500 Is Still Overvalued, Say Analysts. Blame FAANG+M.
Text size An Apple store in Hong Kong. Budrul Chukrut/SOPA Images/LightRocket via Getty Images The Federal Reserve is poised to keep tightening financial conditions, but you wouldn’t know it by lookin...
Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle
U.S. stocks tumbled Friday, with the Dow Jones Industrial Average closing down more than 1000 points for its worst daily percentage drop since May, after Federal Reserve Chair Jerome Powell said the c...
Here are 5 reasons why the bull run in stocks may be about to morph back into a bear market
Some market gurus are starting to worry the summer rally on Wall Street may be starting to fizzle, after stocks quickly lurched from oversold to overbought. Gene Goldman, chief investment officer of C...
What stock buybacks are, and how a new 1% tax affects your portfolio
U.S. President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, July 28, 2022. Elizabeth Frantz | Reuters The new 1% excise tax on cor...
Web3 is in ‘chaos,’ metaverses in walled gardens: Randi Zuckerberg
“We’re really just scratching the surface of what we’re going to see [in the metaverse],” said Randi Zuckerberg, the founder and CEO of Zuckerberg Media. Wildpixel | Istock | G...
Bed Bath & Beyond, Krispy Kreme, Target and more
Scott Olson | Getty Images Check out the companies making the biggest moves midday: Target — Shares of the retailer slid more than 2% after its earnings missed Wall Street expectations by a wide margi...
Weekend reads: This may cause the next financial crisis
The Federal Reserve invigorated the economy before and during the coronavirus pandemic by purchasing Treasury bonds. The central bank was the main purchaser of newly issued U.S. debt and created trill...