Shares of Facebook parent Meta overtook the dubious honor as the biggest loser on the S&P 500 this week as the Silicon Valley giant bleeds money to fund its CEO Mark Zuckerberg’s metaverse vision and ...

Advertising income has begun to slow as fears of a 2023 recession mount. As it creates the metaverse, Meta continues to lose large amounts of money, some $9.4 billion in the first nine months of 2022.

The hyperscalers and cloud builders are the toughest customers in the IT sector, demanding the highest performance at the lowest price and an ever-improving ratio between the two. They can be as tough ...

Meta might be expected to create a New York City campus around Pennsylvania Station, but the firm plans to drop serious coin to get out of office leases as it works to cut costs. “We have increased ...

Facebook, Instagram and WhatsApp parent company Meta has historically been seen as a good investment option, largely because of the success of the company’s social media and messaging apps. But what ...

Meta Platforms Inc. brought in almost 30% of its revenue from Instagram in the first half of 2022, according to court filings that reveal for the first time how much money the popular photo and video ...

(Bloomberg/Ryan Vlastelica) — The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors of the massive metaverse outlays that ...

Since Facebook’s blockbuster lease of 730,000 square feet in 2020 at the Farley Building, Manhattan’s old general post office, a lot has changed, starting with the company’s very name. In that time, ...

Meta has pumped $36 billion into its Reality Labs division since 2019, an Insider analysis found. The division, comprising Meta's metaverse and VR businesses, made a $30.7 billion operating loss over ...

A Reuters investigation reveals the owner of Facebook, Instagram and Whatsapp decided to accept high levels of fraudulent ...