Meta Platforms, Inc. Class A Common Stock (META)
EU hits Meta with antitrust probe over WhatsApp AI features
The EU said Thursday it had opened an antitrust probe to determine if the way Meta is rolling out AI features in WhatsApp breaches the bloc's competition rules.
Meta's Metaverse May Be Shrinking. Investors Are Happy and the Stock Is Surging.
Shares of Meta Platforms (META) surged Thursday following a report that the company is looking to significantly cut spending on its "metaverse" projects next year.
Meta's stock could be just getting started as Zuckerberg takes aim at ‘black hole' of spending
Meta Platforms could be set to scale back its artificial-intelligence ambitions, much to the relief of anxious investors.
Meta centralizes Facebook and Instagram support, tests AI support assistant
Meta is launching a new centralized support hub for Facebook and Instagram users, the company announced on Thursday, adding that its prior support options haven't “always met expectations.” Within the hub, users will find tools to report an account issue, recover an account they've lost access to, and get answers via AI-powered search and an AI assistant.
Meta shares climb on report Mark Zuckerberg plans to ax up to 30% of metaverse budget
Cuts that high would most likely include layoffs as early as January, according to the report.
4 Years After Going All-In, Meta Platforms Is Finally Ditching the Metaverse
Meta Platforms ‘ ( NASDAQ:META ) journey into the metaverse began in 2014 with its $2 billion acquisition of Oculus VR, a move that positioned the company as a pioneer in virtual reality hardware.
Meta reportedly plans to slash Metaverse budget by up to 30%
Meta may be planning to make serious cuts to its Metaverse division, Bloomberg reported, citing anonymous sources.
Zuckerberg to Make Deep Cuts in Metaverse Group
Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason why he changed the name from Facebook.
Meta Platforms considers major cuts to Metaverse initiatives
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) shares added more than 4% on reports CEO Mark Zuckerberg is considering scaling back the company's Metaverse investments. According to a Bloomberg News report, Meta executives have discussed potential budget cuts of up to 30% for the metaverse group in 2026, which includes Meta Horizon Worlds and the Quest virtual reality unit.
5 Things to Know Before the Stock Market Opens
Stock futures are holding steady Thursday as investors await more economic data that could influence the Federal Reserve's decision on interest rates next week; Meta is facing a new antitrust investigation over its artificial intelligence policies in WhatsApp; Salesforce earnings topped estimates after the bell Wednesday; Paramount Skydance and Netflix are reportedly continuing to modify their bids for Warner Bros. Discovery; and Dollar General is the latest discount retailer to report strong earnings this week.
Meta stock climbs 6% on report of planned metaverse cuts
Meta stock climbs 6% on report of planned metaverse cuts
EU investigating Meta over policy change that bans rival AI chatbots from WhatsApp
Meta's move to serve only its AI chatbot, Meta AI, to WhatsApp users isn't sitting well with the competition regulators in Europe. The European Commission on Thursday said it is launching an antitrust investigation into Meta's move to ban other AI companies from using WhatsApp's business tools to offer their own AI chatbots to users on the app.
