Meta Platforms News & Breaking Stories

Nvidia Corporation reported strong quarterly earnings, with revenue up by more than 200%, but shares may not rise further in the near term.

High-quality company Microsoft (NASDAQ:MSFT) continues to generate strong results. OpenAI CEO Sam Altman has joined Microsoft, strengthening its position.

Instagram and TikTok crack down on viral posts sharing Osama bin Laden's letter justifying 9/11 attacks after user reactions.

Wearables startup Human unveils its first device, the Ai Pin, a pocket-sized wearable AI assistant, with a price tag of $700.

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Meta (META) beats earnings expectations in Q3, with advertising revenue of $33.64 billion and a 31% increase in ad impressions. Shares rise 4% in after-hours trading.

The tech sector has made a remarkable comeback in 2023, driven by the AI industry surge and the performance of top tech companies like Nvidia, Meta Platforms, and Alphabet. Despite adverse external factors, the US stock market has shown resilience, indicating a promising signal for the Q4 stock market rally. Google's stock has reached a new 52-week high and faces resistance at $143.65.

Metaverse stocks offer investment opportunities as they redefine internet engagement. Meta Platforms, Roblox, and Microsoft are key players to consider.

Pre-orders for Meta's Quest 3 virtual reality headset and new Ray-Ban Meta smart glasses are now available.

Meta CEO Mark Zuckerberg confirms that the Meta Quest 3 VR headset will launch on October 10 starting at $499.99. The device features mixed-reality capabilities, improved GPU processing power, and compatibility with over 500 Meta Quest VR and AR experiences. It also offers a customizable fit and multiple color options. The Quest 3 will have over 100 new and upgraded titles by the end of 2023 and will support Xbox Cloud Gaming. The 512GB model includes access to the Meta Quest+ subscription service.

Wall Street indexes gain as data suggests the Federal Reserve may keep interest rates unchanged in September.

Chipmaker Nvidia and seven other companies have agreed to a set of artificial intelligence (AI) standards led by the White House. The standards include requirements to disclose AI-generated content, share vulnerabilities, and commit to external testing before releasing products. The companies joining the agreement include Adobe, Palantir, IBM, and Salesforce. The White House has been engaging with industry on AI development and is promoting steps to ensure AI safety and security. The agreement will go into effect immediately and requires companies to prioritize research into minimizing harm and addressing security challenges.

Fast food stocks fluctuate after quarterly earnings reports, some exceeding expectations.

Facebook's parent company Meta sees strong earnings, stock up 7%.

"Bluesky, a Twitter alternative, gains popularity with over 10,000 sign-ups."

Elon Musk unveils new "X" logo to replace Twitter's blue bird as part of a major rebranding effort. The move has alienated users and advertisers, leaving Twitter vulnerable to competition. Musk aims to create an "everything app" similar to China's WeChat. Critics argue the rebranding is a risky move that may confuse users and erase brand recognition. However, some analysts believe it could drive engagement and appeal to new audiences.

June CPI rises by 0.2% and 3.0% over the last year, with shelter accounting for 70% of the increase; food prices also increase.

Mark Zuckerberg's reputation is improving thanks to Elon Musk's behavior.

Meta's Twitter competitor, Threads, has gained 100 million users in a few days, surpassing ChatGPT. Meta's stock has risen over 135% this year, but Fidelity has written down its valuation of Twitter from $44 billion to $15 billion, representing a loss of 65.9%.

Meta, the parent company of Instagram and Facebook, has launched Threads, a new text-based app that aims to compete with Twitter. The app allows users to post text and links, reply to messages, and repost content from others. Users can also port over their existing follower lists and account names from Instagram. Meta CEO Mark Zuckerberg stated that there should be a public conversations app with over 1 billion users, and that Twitter has failed to achieve this. Threads is built on the same ActivityPub social-networking protocol as Mastodon, allowing users to interact with a wider community beyond Instagram in the future.