Shares of Meta Platforms Inc. (NASDAQ: META) gained 2.01% over the past five trading sessions, bringing the stock's year-to-date gain to 18.85%.
Meta is building the largest data center in the Western Hemisphere on a sprawling site in rural Northeastern Louisiana. The state offered billions of dollars in tax breaks to win the project, and the local utility will supply three new power plants.
After a wave of mass bans impacting Instagram and Facebook users alike, Meta users are now complaining that Facebook Groups are also being impacted by mass suspensions. According to individual complaints and organized efforts on sites like Reddit to share information, the bans have impacted thousands of groups both in the U.S. and abroad, and have spanned various categories.
Meta CEO Mark Zuckerberg is on an artificial intelligence talent acquisition spree, reportedly approaching several high-profile AI startups for a potential acquisition. [contact-form-7] According to multiple news reports, these startups included the following: Perplexity AI Runway Thinking Machines, which was co-founded by OpenAI's former CTO Mira Murati.
Meta is pushing back against a ban on WhatsApp from government devices. The Chief Administrative Officer of the U.S. House of Representatives told staffers on Monday they're not allowed to use WhatsApp due to a lack of transparency about its data privacy and security practices.
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Meta CEO Mark Zuckerberg is in the midst of an AI spending binge, sparing no expense to bring in top talent. Following last week's announced $14.3 billion investment in Scale AI, Meta is planning to hire two pricey entrepreneurs and has been trying to do other deals.
Meta Platforms is a closely watched company, with its quarterly earnings carefully scrutinized. Meta's Q1 2025 earnings report was released on April 30, 2025.
Meta approached artificial intelligence startup Perplexity AI about a potential takeover bid, CNBC confirmed. The two companies did not finalize a deal, and Perplexity ultimately walked away from the discussions, according to a source.
Meta (META) and Oakley unveiled a new line of AI-powered glasses Friday that will be available for preorder starting next month.
Meta Platforms (META) is doubling down on its strategy of investing billions of dollars to poach top AI talent, with plans to add another AI startup CEO to its ranks.