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Stocks were up broadly today in reaction to the latest news release from the Bureau of Labor Statistics. The core Consumer Price Index (CPI) rose by 3.2% in December, slightly lower than the 3.3% ...
Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a U.S. company, after the social media giant issued a dismal forecast, blaming Apple Inc's ...
Oil-and-gas companies also rose after the price of a barrel of U.S. crude gained 0.9% to recoup some of its losses for the week and for the year so far. ConocoPhillips jumped 6.4%. All told, the S ...
The Online News Act was in effect by year-end, but Meta will not participate in the regulatory process. [88] In October 2023, Zuckerberg said that AI would be Meta's biggest investment area in 2024. [89] Meta finished 2023 as one of the best-performing technology stocks of the year, with its share price up 150 percent. [90]
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Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held by rival Friendster. The majority of the companies acquired by Meta are based in the United States, and in turn, a large percentage of these companies are based in or around the San Francisco Bay Area.