Meta says AI model accessed internet and hacked another firm
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Meta launches Muse Code
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Meta apologises to India over PM Modi post restriction
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Meta's shares appear primed for a rebound.
Meta's earnings just cratered free cash flow by over 90% and broke a six-quarter winning streak, yet nearly every analyst on Wall Street refuses to downgrade the stock. The reason why reveals something important about where this company is actually headed.
For capital expenditures, Meta narrowed its guidance for the year to between $130 billion and $145 billion from a prior range of $125 billion to $145 billion. With Meta pouring money into artificial intelligence infrastructure, Meta's free cash flow dwindled to $784 million in the quarter from $8.55 billion a year earlier.
Researchers identified more than 50 ads on Meta properties that violated the company's policies on child sexual abuse material.
Over the last few years, Meta Platforms (META +0.14%) has ramped up capital expenditures (capex) aggressively in pursuit of artificial intelligence (AI) leadership. Smart investor
Ban smart glasses are banned at UK venues including Wetherspoons and Soho House over covert recording and privacy concerns.
Meta global officials have been asked to stay back for another round of questioning on Thursday, when IT Minister Ashwini Vaishnaw will meet the company's global executives once again.