Facebook parent Meta posts solid 1Q results and its stock soars
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The company said Wednesday it earned $5.71 billion, or $2.20 per share, in the January-March period. That’s down 19% from $7.47 billion, or $2.72 per share, a year earlier
From Steve Jobs to Will Still: When talent beats qualifications
A soccer coach who is thriving in France’s Ligue 1 despite not holding a UEFA Pro license, Still is following in the footsteps of a whole host of illustrious autodidacts
A day in the metaverse: Empty settings, flirting avatars and children talking to strangers
Meta has two other equally serious problems. First, the headset battery lasts between one and two hours, depending on the use. Also, people get tired of it and don’t use it a lot after trying the experience
Meta announces 10,000 new layoffs and the cancellation of non-priority projects
After laying off 11,000 employees in November, Facebook’s parent company will cut its workforce even further and, in addition, will not fill 5,000 vacancies
Are we about to witness the end of the ‘free’ internet era?
Facebook and Instagram join Twitter in charging for their services, something that experts consider a natural development in digital business models
Meta testing new subscription service for verified accounts
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The company will use a government identification to verify a user’s account and give the account a blue badge
Big Tech companies to cut costs after $77 billion in profits evaporate
Apple, Microsoft, Alphabet, Meta and Amazon earned $243 billion in 2022, down 24% from the previous year
Meta stock value soars 23% due to stock buybacks and cost cuts
The parent company of Facebook, Instagram and WhatsApp has gained $90 billion in market capitalization and boosted the Nasdaq
Meta posts lower Q4 profit, announces huge stock buyback
The company’s stock soared in extended trading, as its revenue beat Wall Street’s muted expectations
How Elon Musk lost $130 billion in a year
The business magnate’s net value dropped significantly due to Tesla’s stock crash, while other tech chiefs also saw major losses, according to the Bloomberg Billionaires Index
Elon Musk to resign as Twitter CEO when he finds someone ‘foolish’ enough to take the job
After a turbulent two months at the helm of the social media company, the Tesla and SpaceX founder ran a vote of confidence on the app and has now agreed to abide by the results after 57% of people said he should step down
Sam Bankman-Fried: The rise and fall of a cryptocurrency prodigy
The founder of the FTX platform watched his entire fortune evaporate in a matter of days
Who is the wealthiest man in the world, Amancio Ortega or Bill Gates?
The fortunes of Zara and Microsoft founders fluctuate hourly, mirroring their shares’ market performance