Tag Archives: CNBC

Meta tumbles 15% on weak revenue forecast and Zuckerberg’s comments on spending

Meta shares tumbled 15% during premarket trading on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.

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Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

AI startup Synthesia on Thursday announced the launch of its “Expressive Avatars,” AI-generated digital avatars that can convey human emotions.

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Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

Meta CEO Mark Zuckerberg¬†spooked investors on the company’s quarterly earnings call Wednesday.

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Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.

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Meta shares plunge on weak revenue guidance even as first-quarter results top estimates

Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.

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Meta’s Reality Labs posts $3.85 billion loss in first quarter

Mark Zuckerberg’s bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.

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IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss

IBM said it would buy HashiCorp, a cloud software maker that’s growing at a faster pace. IBM reported its third revenue miss in five quarters.

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TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban

A TikTok ban could take years due to potential legal challenges, but creators worry about how they’ll make a living if it goes away.

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Meta to report first-quarter results after the bell

Meta reports first-quarter results after market close on Wednesday, and analysts expect to see the fastest year-over-year sales growth in almost three years.

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Tesla surges after Elon Musk says new affordable EV models coming

Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.

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