Shares of Facebook parent Meta plunge 22% on lower profits
Meta, the company that owns Facebook, Instagram and WhatsApp, saw its stock plunge after-hours Wednesday after unexpectedly heavy spending on its “metaverse” project led to a rare decline in its fourth-quarter profit. That’s in addition…
Shares of Facebook parent Meta plunge 23% on lower profits
Newly renamed Meta is investing heavily in its futuristic “metaverse” project, but for now, relies on advertising revenue for nearly all its income. So when it posted sharply higher costs but gave a weak revenue forecast late Wednesday, investors got…
Shares of Facebook parent Meta plunge 22 percent on lower profits
Technology Facebook employees take a photo with the company’s new name and logo outside its headquarters in Menlo Park, Calif., on Oct. 28, 2021. (AP Photo/Tony Avelar, File) The Associated Press By BARBARA ORTUTAY, Associated Press February 2,…
Meta Meets With Conservative Think Tanks to Talk Metaverse
The Meta logo displayed on a smartphone next to wireless earphones and… car keys, for some reason. Used here as stock photo.Photo: Mateusz Slodkowski / SOPA Images / LightRocket via Getty Images (Getty Images) Meta, the freshly rebranded parent…
Ohio Attorney General sues Meta over revelations from the ‘Facebook Papers’
The securities lawsuit, filed on behalf of the Ohio Public Employees Retirement System and other investors, alleges that the company misled the public about its algorithm and the harms the company’s own research showed its apps can cause to users.…
PC Maker Meta Says It Will Give Its Trademark To Facebook For $20 Million
Meta PC has the ‘Meta’ trademark for most general tech categories, but the company’s founders are willing to sell it to Facebook for $20 million. PC maker Meta wants $20 million from Mark Zuckerberg for Facebook to own the trademark.…
Facebook Learns There’s Another Company Named Meta Already
Facebook rebranded as Meta last month, but a PC company already called Meta has something to say about that. According to TMZ, another company already filed to trademark the word “Meta” back in August. This company is Meta PC, and it sells…
A startup says it applied to trademark Meta before Facebook
Facebook may face a trademark battle for its new “Meta” brand. A tech retailer called Meta PC filed for it in August and told Insider Facebook’s news was a “shock.” The company told TMZ that it will stand down if Mark…
From Facebook to Meta: social giant’s Nicola Mendelsohn on marketing in the metaverse
Following Thursday’s announcement that Facebook is rebranding to Meta as part of its efforts to transform from a social media company to a metaverse company, The Drum catches up with Nicola Mendelsohn, who is leaving her post as vice-president of EMEA to…
Analyst Pounds Table on Facebook (FB) on Meta News, Raises PT to ‘Street High’ $500; Calls it a ‘PC in Every Home’, ‘iPhone’ and ‘Alphabet’ Moment for Facebook
FREE Breaking News Alerts from StreetInsider.com! StreetInsider.com Top Tickers, 10/30/2021 October 29, 2021 8:52 AM EDT News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. Global…