Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties.
Mark Zuckerberg says Meta is targeting $60 billion to $65 billion in capital expenditures this year. That’s well above Wall Street’s $51 billion forecast.
Meta Platforms (NASDAQ:META) is gearing up for its latest quarterly readout with the social media giant slated to release Q4 earnings today
In a meeting with Meta employees on Thursday, Mr. Zuckerberg also doubled down on recent changes to the company’s online speech policies and ending its diversity initiatives.
Meta (META) stock climbed by around 4% in after-hours trading after chief executive Mark Zuckerberg said on the company’s earnings call that itplans to invest “hundreds of billions of dollars” in artificial intelligence infrastructure in the longterm.
CEO Mark Zuckerberg addressed the pressing issues of massive AI (artificial intelligence) expenditure and DeepSeek’s AI
Meta (META) is expected to release its fourth-quarter earnings results at the end of the trading day on Wednesday.
For the current quarter, Meta said it expects revenue of 39.5 billion dollars (£31.79 billion) to 41.8 billion (£33.64 billion). Analysts are expecting revenue at the high end of that range — 41.68 billion dollars (£33.54 billion).
Shares of Colgate-Palmolive were falling after the consumer products company turned in higher earnings than expected but disappointed investors with its financial guidance. For its fourth quarter, the company reported adjusted earnings of 91 cents per share,
Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner writes that the emergence of an AI model developed at a lower cost by a Chinese startup might prove beneficial to Meta Platforms Inc.
Meta overhauled its approach to US moderation on Tuesday, ditching fact-checking, announcing a plan to move its trust and safety teams, and perhaps most impactfully, updating its Hateful Conduct policy. As reported by Wired, a lot of text has been updated, added, or removed, but here are some of the changes that jumped out at us.