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US federal judge denies US FTC request to stop Meta from acquiring virtual reality content makerWASHINGTON : A U.S. judge issued a public ruling on Friday evening that denies a request by the U.S. Federal Trade Commission to stop a plan by Meta Platforms Inc to buy virtual reality content maker Within Unlimited, nixing regulators' attempt to block the deal over concerns it would reduce competition in a new
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US FTC denies Meta petition to recuse Khan from Within Unlimited reviewWASHINGTON : The Federal Trade Commission (FTC) rejected a petition filed by Facebook-parent Meta seeking the recusal of Chair Lina Khan from participating in any decision concerning the review of Meta’s proposed merger with virtual reality app maker Within Unlimited.The FTC said without Khan's particip
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Meta mojo is back: Earnings surprise sparks share surge, lifts Big TechMeta Platforms Inc shares rose nearly 20 per cent in premarket trade after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion.The company was set to add around $75 billion to its market value and would post its best day in a decade,
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Meta surges on cost cut, buyback plans; lifts mega-cap stocksShares of Meta Platforms Inc soared nearly 20 per cent in premarket trading on Thursday as the Facebook parent wooed investors with plans to rein on costs and a new $40 billion share buyback.Meta plans to cut costs in 2023 by $5 billion to between $89 billion and $95 billion compared with its earlier outl
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Meta was scraping sites for years while fighting the practiceMany companies scrape websites to retrieve data that can help them keep track of competitors. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Analysis:From Meta to Microsoft, AI's big moment is hereBig Tech companies have a new obsession: artificial intelligence.This week, chief executives across the sector packed earnings calls with mentions of the heavily hyped technology, which until recently existed more in the background than as a solid contributor to the bottom line.In conference calls
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