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Shares of Meta Platforms (NASDAQ: META) rose today as the social media giant benefited from a cooler-than-expected inflation report, the company's announcement yesterday that it would lay off 5% ...
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 ...
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In its core business of advertising, Meta said its average price per ad had increased 11% year over year. However, the company missed expectations for user growth. It said daily active users grew ...
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]
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.
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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 ...