Current track

Title

Artist

Current show

The Morning Hustle

5:00 am 9:00 am

Current show

The Morning Hustle

5:00 am 9:00 am

Background

Meta

Facebook-owner Meta has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history,” Zuckerberg told […]

Text size Meta faces many concerns, including softening e-commerce spending, inflation, and other macroeconomic issues, according to a Piper Sandler analyst. Fabrice Coffrini/AFP via Getty Images As if Meta Platforms didn’t have enough problems, the company continues to see shrinking advertising rates on its core Facebookbusiness, according to a new research note from Piper Sandler. […]

Facebook parent Meta Platforms Inc will use Broadcom Inc’s custom chips to build its metaverse hardware, becoming the chipmaker’s next billion-dollar ASIC customer, analysts at J.P. Morgan said on Tuesday. ASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 billion in revenue for Broadcom this year, helped by its deals with Meta and […]

Meta Platforms (NASDAQ:FB) is down nearly 10% this morning A lawsuit from the D.C. Attorney General related to the 2016 Cambridge Analytica data breach personally named Meta CEO Mark Zuckerberg FB stock may also be suffering from a tech-stock selloff today after Snap (NYSE:SNAP) lowered its revenue outlook this quarter Source: Blue Planet Studio / […]

Meta Platforms (FB Quick QuoteFB – Free Report) intends to charge nearly 50% cut from the sale of digital assets in its emerging metaverse. Currently, the company is testing tools to sell digital assets and services in the virtual reality platform — Horizon world —  an early iteration of the metaverse. This is a massive […]

FB Stock: Why Is Meta Platforms Plunging? – Correct Success Source: Blue Planet Studio / Shutterstock.com Concerns associated with the monetary policy have affected several tech stocks and it has been a tough start to the year. Meta Platforms (NASDAQ:FB) stock has already faced immense pressure due to the controversies surrounding privacy policy issues. But […]

Facebook’s parent company, Meta, on Thursday announced plans to open an $800 million data center in Central Texas. The nearly 900,000-square-foot center will be located in Temple, an hour north of Austin, and is set to begin construction this spring. Meta said it is expecting up to 1,250 construction workers to help build the center […]

On Tuesday, Meta’s owner Mark Zuckerberg boasted about the global roll out of Facebook Reels along with the new monetization tools for creators. In 2020, the Reels feature was enabled on Instagram, then Facebook was also updated with this feature last year. Meta claims that reels are growing rapidly on Facebook. Now creators can monetize […]

Sunday 06 February 2022 9:00 am Facebook considers pulling out of Europe if its data transfer options are further restricted If Meta is not given the option to transfer, store and process data from its European users on US-based servers, Facebook and Instagram may be shut down across Europe, the social media giants’ owner reportedly […]