(Bloomberg) — Meta Platforms Inc. has tumbled out of the world’s 10 largest companies by market value, hammered by its worst monthly stock decline ever. Once the world’s sixth largest company with a valuation in excess of $1 trillion, the Facebook parent closed on Thursday with a value of $565 billion, placing it in 11th […]
(Bloomberg) — Meta Platforms Inc.’s revenue is taking a multibillion-dollar hit this year because its social networks can’t gather as much data on iPhone users. The company spent last year attacking Apple Inc. for the change; now it’s publicly calling out Google, too. The Facebook owner is alleging Alphabet Inc.’s Google, which also sells personalized […]
(Bloomberg) — Meta Platforms Inc.’s one-day crash could rank among the worst in stock-market history. The Facebook parent plunged 20% in early U.S. trading on the back of poor earnings results, putting it on track to lose about $180 billion in market value. While there’s no certainty the losses will hold, especially given the recent […]
The company whose chips power Facebook’s Oculus virtual-reality headset has already tapped into the metaverse opportunity. Now Qualcomm’s CEO says glasses could eventually be as widespread as smartphones. Qualcomm CEO Cristiano Amon knows smartphones well. The company’s main business is providing semiconductors for those devices. As Apple turns toward manufacturing its own chips for its […]
Roblox is set to report earnings after the market closes on Monday. Courtesy of Roblox Roblox is set to report third-quarter results after the market closes on Monday. The company’s earnings report comes just as Wall Street has begun buying into the tech industry’s metaverse aspirations. Meta Platforms (ticker: FB), the company formerly known as […]