April 30, 2025, 4:20 pm
Meta’s quarterly results revealed an intriguing blend of impressive revenue growth alongside a significant setback in its Reality Labs division. While soaring sales figures—including a blockbuster $42 billion in sales—drew cheers, the staggering $4.2 billion loss from Reality Labs added an ironic twist to an otherwise promising performance, leaving investors both impressed and amused.
Reddit: r/virtualreality
Bluesky: @sarahp.bsky.social, @techcrunch.com
Meta's stock has performed better than other Big Tech peers, falling only 5% year-to-date.
Facebook and Instagram parent company Meta Platforms Inc. delighted investors today as it crushed analyst’s targets on earnings and revenue, sending its stock higher in extended trading. The company reported first-quarter earnings before certain costs such as stock compensation of $6.43 per share,…
Instagram Threads, Meta’s X competitor, has now grown to over 350 million monthly active users, CEO Mark Zuckerberg revealed during the company’s Q1 2025 earnings call on Wednesday. That’s an increase of 30 million users since the prior quarter, where Meta reported that Threads had 320 million…
Meta Soars After Blowing Away Estimates, Hikes Capex Forecast In our preview of META's Q1 results this afternoon (ahead of which Goldman's desk had positioning as a 7 out of 10), we said that it feels like centuries ago that META had that 20-day winning streak in Jan/Feb with the name…
Meta’s Revenue Rises 16% in the First Quarter The Information
The tech giant’s outlook may allay investor concerns about the digital advertising market.
Meta’s Reality Labs posts $4.2 billion loss in first quarter
permalink / 10 stories from 9 sources in 6 hours ago #meta #earnings #technology
Speaking at high-profile tech events in Washington, D.C., Nvidia CEO Jensen Huang cautioned that the U.S.-China AI race is more competitive than many presume. He quipped that China isn’t trailing behind and underscored the tight contest, hinting at significant trade ramifications and job market booms amid relentless innovation. More...
In a dramatic courtroom session, Google’s Sundar Pichai lambasted the DOJ’s proposal to break up the tech giant, warning that such drastic measures could effectively dismantle Google Search. His testimony carried a blend of gravitas and dry wit, highlighting the precarious balance between regulatory intervention and sustaining innovative market leadership. More...
Microsoft’s Q3 report outpaced expectations with a solid 13% revenue bump and accelerating cloud growth that fired up the markets. The earnings results, marked by a healthy share surge and resilient performance in a competitive digital arena, reaffirm Microsoft’s leadership in cloud services, much to the delight of its market watchers. More...
In a courtroom saga that reads like a tech thriller, judges have repeatedly taken a swipe at Apple’s restrictive App Store policies, citing antitrust violations and even executive dishonesty. The decisions have paved the way for Fortnite’s impending return to iOS, forcing Apple to reexamine its ironclad payment rules. More...
In a series of discussions, Google’s CEO suggested that Apple might soon integrate its Gemini AI directly into iOS, adding a fresh twist to smartphone software rivalry. High-level talks between Sundar Pichai and Tim Cook hint at a mutually beneficial deal, even as both tech giants battle regulatory and competitive pressures. More...
Meta, Spotify and Match Challenge Age Verification Responsibility (11 hours ago)
Meta’s WhatsApp Rolls Out Private AI Chat Feature (11 hours ago)
Microsoft Q3 Earnings Soar With Robust Cloud Performance (6 hours ago)
Sam Altman’s World Accelerates US Biometric Tech Rollout (0 hours ago)
Nintendo Switch 2 update and preorder debate (8 hours ago)
Nvidia CEO Warns Amid U.S.-China AI Rivalry Escalations (10 hours ago)
Disclaimer: The information provided on this website is intended for general informational purposes only. While we strive for accuracy, we do not guarantee the completeness or reliability of the content. Users are encouraged to verify all details independently. We accept no liability for errors, omissions, or any decisions made based on this information.