Meta CEO Mark Zuckerberg is going to trial with shareholders over his management of the company's user data. Bloomberg's Riley Griffin discusses the case with Ed Ludlow on “Bloomberg Tech.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) will soon report its second quarter earnings amid growing optimism from Jefferies analysts, who point to better-than-expected revenue trends, strengthening ad metrics, and continued long-term investments in AI. The analysts upped their price target to $845 from $790, implying upside of 19% from current levels.
The trial begins Wednesday in Delaware Chancery Court—as Meta is incorporated in the state—and will last for eight days. There's no jury in the trial and the judge will issue the verdict in the case.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Shares of Meta Platforms Inc. (NASDAQ: META) lost 3.03% over the past five trading sessions, but the Magnificent Seven mainstay remains up 18.38% year-to-date.
OpenAI researcher Jason Wei will join Meta's new Superintelligence Lab, reports Wired, citing two sources familiar with the matter. Another team member, Hyung Won Chung, may also join Meta.
Meta faces a continuing battle with the European Commission over the company's “consent or pay” model that allows ad-free services for a fee.
Meta has fixed a security bug that allowed Meta AI chatbot users to access and view the private prompts and AI-generated responses of other users.
Market Brief: Market Sunrise anchor Josh Schafer breaks down the latest international financial news for July 15, 2025. Nvidia's stock is surging more than 5% in premarket trading after the chipmaker received government assurances that it could resume sales of its H20 AI chip in China.
Meta and Mark Zuckerberg are in a hurry to build their superintelligence tech. The company has been poaching AI researchers, while CEO Mark Zuckerberg announced on Monday that Meta is building a 5-gigawatt data center called Hyperion.
Meta is planning to spend hundreds of billions of dollars to build massive computational power to train super-intelligent AI models. CNBC's Martin Soong and Chery Kang talk about the resources that its planned multi-gigawatt data centers will need to get up and running.
Meta Platforms (META) CEO Mark Zuckerberg said Monday that his company expects its first in a series of AI data center "superclusters" to come online in 2026.