Tag: $Meta

Meta shares jumped about 7% in extended trading on Wednesday after the company beat Wall Street estimates for revenue and profit and issued a better-than-expected forecast for the current period.

The European Commission, the EU’s executive body, labelled Meta’s ad-supported subscription option a “pay or consent” model, meaning users have to either pay to use Meta’s platforms ad-free, or consent to their data being processed for personalized advertising.

Meta its first quarter earnings on Wednesday, and while it beat analysts’ expectations on the top and bottom lines, a disappointing Q2 forecast sent shares of the social media giant plummeting almost 13% in pre-market trading Thursday.

The European Union on Monday opened an investigation into Apple, Alphabet and Meta, in its first probe under the sweeping new Digital Markets Act tech legislation.

Meta shares jumped about 17% in U.S. premarket trading Friday after the company reported a tripling of profits in the fourth quarter and issued its first-ever cash dividend.

NEW YORK, Oct 25 (Reuters) – Meta Platforms (META.O) beat expectations for third-quarter profit and revenue on Wednesday, helped by its ongoing austerity drive and a recovery in digital advertising spending ahead of the holiday season.

Meta –0.41%  Platforms CEO Mark Zuckerberg on Wednesday unveiled the Quest 3 virtual reality headset

Meta Platforms is positioning itself to be an even more competitive player in the artificial intelligence space, with news of its ambitions in one of the fastest-growing sectors of tech helping buoy shares in the company on Monday.

Meta has begun its third round of layoffs as part of the company’s multibillion-dollar plan to save costs.

Meta has been fined a record 1.2 billion euros ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S.