Mark Zuckerberg tells shareholders that a Meta cloud computing business is “definitely on the table” if Meta overspends on data centers and has excess capacity
Jonathan Vanian /CNBC:
Reality Labs has lost $80B+, but it still makes all of Meta's hardware, and reflects Mark Zuckerberg's wish to run a business without Google or Apple middlemen
Sources: Mark Zuckerberg plans to buy a Miami mansion, likely for up to $200M, joining other tech billionaires in Florida as California proposes a 5% wealth tax
Sources: Mark Zuckerberg plans to buy a Miami mansion, likely for up to $200M, joining other tech billionaires in Florida as California proposes a 5% wealth tax
Local real-estate agents say the newly completed mansion on Miami's Indian Creek will likely fetch between $150 million and $200 million
Meta reports Reality Labs Q3 revenue of $470M, above $316M est., and a $4.4B operating loss, below $5.1B est.; Reality Labs has lost $70B+ since 2020
Jonathan Vanian / CNBC : X: @thetranscript_ , @counternotions , @contrariancurse , and @thetranscript_ Bluesky: @karlbode.com , @glinden , @robertchilver.com , @scriban , and @norbizness Forums: r/bu...
Palantir reports Q2 revenue up 48% YoY to $1B, vs. $940M est., and boosts full-year outlook guidance to $4.142B-$4.150B, up from $3.89B-$3.90B; PLTR jumps 5%+
where the economy ‘weakens in a self-reinforcing fashion’ Larry Dignan / Constellation Research : Palantir's software revolution: Forget sales people, let value do the talking Loredana Harsana / Watch...
A profile of Figma CEO Dylan Field, a former Thiel fellow whose Figma stake is worth ~$6.6B after the company ended its NYSE debut week with a $71B+ market cap
Mark Zuckerberg may be the most famous college-dropout-turned-tech- billionaire. Dylan Field is the latest …
Sources: Meta's Scale AI talks started in mid-April, with Mark Zuckerberg floating a $5B investment in early May, which Alexandr Wang later countered with $20B
Cory Weinberg / The Information :
On Meta's Q1 call, Mark Zuckerberg says WhatsApp now has 3B+ MAUs, up from 2B in February 2020 and 1.5B in January 2018; Facebook passed 3B MAUs in July 2023
Ivan Mehta / TechCrunch :
After Palantir's stock jumped 350%+ in 2024, founder Alex Karp has sold $1.9B in shares since January 2024; VerityData says his PLTR holdings are worth $12.8B
Data intelligence group's chief cashed in on surging shares to make $1.9bn, behind only Meta's Mark Zuckerberg