Meta has settled a lawsuit brought by Donald Trump after the social media giant suspended him from their Facebook and Instagram platforms following the January 6, 2021 attack on the Capitol.
Meta Platforms (META) reported fourth-quarter earnings that topped analysts' estimates as revenue grew more than 20% year-over-year.
Meta Platforms (META) reported fourth-quarter earnings that topped analysts' estimates as revenue grew more than 20% year-over-year.
Meta Platforms Inc. is projecting worse-than-expected sales in the current quarter, risking doubt that it can grow its digital advertising business quickly enough to support significant planned investments in artificial intelligence and other futuristic products. Shweta Khajuria of Wolfe Research is on "Bloomberg The Close.
CNBC's Julia Boorstin joins 'Closing Bell Overtime' with Meta earnings.
President Trump had sued Meta and other tech firms in 2021, arguing that he had been wrongfully censored by them. Meta also reported a 21 percent increase in quarterly revenue.
Facebook earnings for Q4 topped Wall Street estimates. March quarter revenue guidance came in below views amid a big 2025 hike in capital spending.
Meta beat on key fourth quarter numbers but forecasts for the current first quarter disappointed a bit as investors wait to grill CEO Mark Zuckerberg on a range of topics from AI rivals and investments and new social media moderation policies.
Meta's Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter. Meta CEO Mark Zuckerberg kickstarted his company's VR endeavors in 2014 when it acquired Oculus for $2 billion.
Meta Platforms forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling its bets on pricey artificial intelligence-powered tools were struggling to attract additional digital ad dollars to its social media platforms.
Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta was appealing the fine.
Zuckerberg likely to be asked about plans to spend $60-65bn on AI in 2025 as tech giant faces increased competition