Meta Platforms Inc. stock outperforms market on strong trading day

Shares of Meta Platforms Inc. META, +1.88% advanced 1.88% to $170.25 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.09% rising 0.09% to 32,832.54 and the NASDAQ Composite Index COMP, -0.10% falling 0.10% to 12,644.46. Meta Platforms Inc. closed $214.08 short … Read more

Walmart Lays Off Hundreds of Corporate Workers

Walmart is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which affects various departments including merchandising, global technology and real-estate … Read more

Pinterest Reports Lowest Revenue Growth in Two Years

Pinterest new Chief Executive Bill Ready said he was going to emphasize profitability as he puts his imprint on the company as the weakened digital-advertising market has dented sales growth for the social-media platform and its peers. “I do not subscribe to a growth-at-all-costs mentality,” Mr. Ready said on a call with analysts, adding he … Read more

Meta Platforms Inc. stock rises Monday, outperforms market

Shares of Meta Platforms Inc. META, +0.52% inched 0.52% higher to $159.93 Monday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index COMP, -0.18% falling 0.18% to 12,368.98 and Dow Jones Industrial Average DJIA, -0.14% falling 0.14% to 32,798.40. The stock’s rise snapped a two-day … Read more

Individual Investors Ramp Up Bets on Tech Stocks

List two articles (2 minutes) Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down. The Nasdaq Composite Index—home to the big tech stocks that propelled the market’s decadelong rally—has fallen 21% in 2022. Shares of Inc. and the parents of Google and Facebook … Read more

Meta Shares Near a 2-Year Low as Ad Market and TikTok Take a Toll

The troubles are mounting in Menlo Park. Meta Platform shares continued to slide lower after the parent of Facebook and Instagram posted disappointing second quarter financial results—and warned that business is going to get worse before it gets better. Recent financial results from Snap (ticker: SNAP), Twitter (TWTR), duck Alphabet (GOOGL) provided vivid illustration of … Read more

Mark Zuckerberg’s Bid to Reinvent Facebook Parent Meta Hits Early Snags

Updated July 28, 2022 4:51 pm ET List two articles (2 minutes) Mark Zuckerberg’s efforts to remake Facebook parent Meta Platforms Inc. are off to a halting start, despite a new sense of urgency after the company posted its first-ever quarter of falling sales. Meta on Thursday walked back some new Instagram features central to … Read more

Facebook Tries Buying App, Gets Sued For Over VR Monopoly

Image: Within It’s been a very bad year so far for Meta, the company formerly known as Facebook, in ways extremely unique to being one of the biggest tech companies in the world. Despite still making almost $7 billion in profit in recent months, TikTok is eating its lunch, the stock price is in shambles, … Read more

Meta Scraps App for Couples

The couple-based app was quietly released in April 2020.Image: Drew Angerer (Getty Images) Hey all you sexy young couples, I have bad news. Meta’s relationship-focused communication app Tuned is officially being shut down on September 19. Or, if you’re like me and 1) are single and/or 2) have never heard of this app, September 19 … Read more

A 3-Day Tech Earnings Deluge Begins. Here Are the Key Issues to Track.

Microsoft and a slew of other tech giants are set to report earnings this week. Jeenah Moon/Getty Images Text size Over the next three days, investors will be bombarded by June quarter earnings reports from the sector’s biggest and most important players. On Tuesday, Microsoft (ticker: MSFT) and Alphabet (GOOGL) will report results. On Wednesday, … Read more