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Meta CEO Mark Zuckerberg touts AI success, beats revenue forecasts

Following the announcement, Meta's shares surged by 12 per cent in after-hours trading, adding more than $50 billion to the company's market value

Facebook parent Meta tops 1st-quarter profit estimates, shares rise - National

The strong results come as Meta's tech rivals appeared to be climbing out from an industry-wide slump that has prompted more than 150,000 layoffs across the sector.

CHARTS: Meta Pumps $36B Into Metaverse, VR for Big Losses

CEO Mark Zuckerberg has made clear Meta will keep investing billions in the metaverse and VR even as losses mount and the company's stock crashes.

Meta Stock Price: Shares Tank 20% on Earnings Miss, Revenue Worries

Meta's metaverse-related Reality Labs lost $3.7 billion in the third quarter, taking losses this year to $9 billion, and a digital ads slowdown is hitting techs.

Meta Laying Off Staff but Won t Crimp Metaverse Spending: Execs

Meta's CFO said Wednesday the company was shrinking headcount in some teams, keeping it flat in others, and hiring only for its "highest priorities."

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