Meta's stock drops 10%+ on weak Q2 revenue guidance and increasing FY 2024 capital expenditures from $30B-$37B to $35B-$40B due to AI infrastructure investments
should investors consider buying? Kathleen Gallagher / Business Post : Shares in Meta plummet as it forecasts spending spree TJ Denzer / Shacknews : Facebook (META) issues Q2 2024 revenue guidance bel...
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they risk a bank run trill...
Adam Mosseri says Instagram is pausing work on Instagram Kids, after criticism from parents, experts, regulators, policymakers, and others
Good morning! This Tuesday, Facebook says Instagram isn't bad for teens … Ben Lyons / Gamereactor UK : Development of Instagram Kids has been paused Barbara Ortutay / NBC Bay Area : EXPLAINER: Why Fa...
Mike Winkelmann, the digital artist known as Beeple, sold an NFT of his work for $69M, through a first-of-its-kind auction at Christie's
what?! This story just keeps getting better and better 😂 https://www.coindesk.com/... Christopher Inks / @txwestcapital : I understand the market but still can't help but feel like the spending of suc...
Robinhood says it raised emergency funding of $1B+ from its existing investors, as it faces an onslaught of demands on its cash amid a stock market frenzy
fed to people who don't exactly thrive on facts — is very much a comms issue. https://www.nytimes.com/... Farhad Manjoo / @fmanjoo : so isn't it a huge problem for their model that they've got to do t...
Zuckerberg says Facebook will now label content that violates its rules but was left up because it was deemed newsworthy and of public interest
even Trump's Aaron Mak / Slate : Facebook Just Made Taking Down a Trump Post Inevitable Brian Fung / CNN : Facebook will label more controversial content and tighten advertising policies Queenie Wong ...