Search results for "Facebook"

Cooperman, Lone Pine Among Funds that Dumped Meta Before Earnings Rout

Billionaire Leon Cooperman, hedge fund Lone Pine Capital, and mutual fund manager Polen Capital were among firms that greatly reduced their positions in Facebook-parent Meta Platforms Inc in the quarter that ended Dec. 31, potentially protecting them from some losses during the company’s record one-day plunge in Feb, according to securities filings released on Monday. […]

How the Metaverse will Alter the World’s Direction 

Let’s picture a scene. You wake up, go through your morning routine, and get ready for work. You are not dressing up for show, but for comfort, and when the meeting or class has started, you slip on some glasses and noise-canceling headphones and dive in.   Billions are being thrown into creating the Metaverse. Tech giants […]

Nasdaq Regains Ground After Choppy Week Driven by Big Tech Earnings

Another bumpy ride on Wall Street ended on Friday as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. Results from megacap growth stocks have dictated market moves this week, as investors […]

All in a Day: Zuckerberg Loses $29 Billion, Bezos Set to Pocket $20 Billion

Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon’s blockbuster earnings. Meta’s stock fell 26 percent, erasing more than $200 billion in the biggest ever single-day market […]

How to Invest in the Metaverse

In previous articles, we covered what the metaverse is. It is the future of the digital world – a blockchain-based internet owned by everyone in a sense. Still, some will inevitably find wealth while others will let the opportunity slip or end up taking the short stick, and so many are wondering how to invest […]

Meta's Shock Share Price Drop Shakes World Tech

Shares in Facebook owner Meta fell 20 percent in U.S. premarket trade on Thursday after the social media giant issued a dismal forecast, blaming Apple’s privacy changes and increased competition. The shock drop, which comes before Amazon earnings later in the day, spilled over to Europe where technology led sectoral fallers with a decline of […]

Nasdaq Extends Rally on Alphabet, AMD Results

The Nasdaq was set to extend gains for the fourth straight session on Wednesday, following a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices’ shares surged after strong quarterly results. Alphabet Inc rose 8.2 percent after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one […]

Google Sued for Location Data Tracking by U.S. States, D.C.

Three U.S. states, Washington, Texas, Indiana, and the District of Columbia filed a lawsuit against Google’s parent company, Alphabet Inc., for “deceptive” location-tracking misconduct, embarking into users’ privacy.  “Google falsely led customers to believe that changing their account and device settings would allow customers to protect their privacy and control what personal data the company […]

Web 3: What the 3rd Generation of the Internet Brings to the Table

You can be forgiven for thinking that Web3 or Web 3.0 is just another trendy buzzword that lets tech companies sell you the same product slightly upgraded under a cool new façade. For one thing, there is no official definition for Web 3, just a collection of parameters that classifies its general qualities, functions, and […]