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Meta Platforms Inc. plans to make money from the major cloud-computing companies when they resell its artificial intelligence large language model, Llama 2.“If you’re someone like Microsoft, Amazon or Google, and you’re going to basically…

SAN FRANCISCO: Facebookparent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading.Meta reported that the monthly user base of its…

Facebook-parent Meta reported better-than-expected earnings for the first quarter (Q1) of 2023 as revenue rose 3% to $28.65 billion compared with $27.9 billion from the year-ago period. The revenue figures beat the Street expectations of…

Meta founder and chief executive officer Mark Zuckerberg said the new next-generation consumer headset which will be launched "later this year" will feature a better mixed reality (MR) technology."The Meta Reality ecosystem is relatively…

Troubled edtech firm Byju’s, in a fresh round of layoffs, has fired another 1,000 employees. This and more in today’s ETtech Top 5Also in this letter:■ ETtech Explainer: Has the Budget 2023-24 resurrected 'angel tax'?■ Elon Musk says locked…

Shares of Meta Platforms Inc soared nearly 20% in premarket trading on Thursday as the Facebook parent wooed investors with plans to rein on costs and a new $40 billion share buyback.Meta plans to cut costs in 2023 by $5 billion to between…

Meta Platforms Inc's stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the "Year of Efficiency."The parent of Instagram and Facebook, which has fallen…

A carnage in US technology stocks widened on Thursday as shares of Meta Platforms sank 20% after the Facebook parent's costly metaverse bets and the impact of soaring inflation on ad spending spooked investors. Meta was set to lose about…

A year ago, Mark Zuckerberg changed Facebook's name to Meta and said he was going all in on the immersive digital world of the so-called metaverse. Since then, Meta has plowed billions of dollars into, and restructured itself around, the…

Wall Street is losing patience over Meta boss Mark Zuckerberg’s enormous and experimental bets on his metaverse project that helped drive up the company’s overall costs by a fifth in the third quarter. Investors rushed to dump Meta …