Former Trump Adviser Dina Powell McCormick Joins Meta as President
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman, strengthening leadership amid AI expansion and regulatory focus.
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OnlyFans Tops Global Ranking for Revenue Per Employee in 2024
OnlyFans leads a 2024 global ranking of revenue per employee, generating about $37.6 million per worker and outpacing traditional Big Tech names.
Meta Shares Jump Over 6% as Zuckerberg Signals 30% Cut to Metaverse Spending
Meta shares jumped over 6% after Zuckerberg signaled a potential 30% reduction in metaverse spending.
Alibaba Launches $500 Quark AI Glasses as Competition With Meta Intensifies
Alibaba released its new Quark AI smart glasses priced from $265 to $536, signaling a major push into consumer AI hardware as global competition with Meta heats up.
Google Nears $4 Trillion Valuation as Meta Explores Major TPU and Cloud Deal
Google nears a $4 trillion valuation as Meta explores a multibillion-dollar purchase of TPU chips and Google Cloud capacity.
Nvidia Shares Drop as Meta Explores Google AI Chips in Potential Multi-Billion Deal
Nvidia shares fell after reports that Meta is considering buying Google’s AI chips, raising concerns that the industry’s largest GPU buyer may diversify away from Nvidia.
Artist’s $60,000 Facebook Payment in Stock Now Worth $200 Million
A Facebook mural artist’s $60,000 stock payment from 2005 is now worth about $200 million.
Meta Engineer Weighs Early Retirement After Saving $10 Million by Age 28
A Meta engineer with $10 million saved questions whether it is enough for early retirement as tech workers debate rising financial benchmarks.
Michael Burry Warns Oracle and Meta Could Overstate Profits by 2028 Due to Depreciation Practices
Michael Burry warns Oracle and Meta could overstate profits by up to 27% through extended depreciation timelines on AI infrastructure.
Meta Stock Falls 10% as $15.9B Charge Drags Q3 Profit Despite Revenue Beat
Meta shares fell nearly 10% after a $15.9B expense hit Q3 profit, overshadowing strong revenue and guidance for the next quarter.