Meta

Technology

6 Reasons Meta Is in Trouble

Meta, the company formerly known as Facebook, suffered its biggest one-day wipeout ever on Thursday as its stock plummeted 26 percent and its market value plunged by more than $230 billion. Its crash followed a dismal earnings report on Wednesday, when Mark Zuckerberg, the chief executive, laid out how the company was navigating a tricky […]

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Internet

Why Meta, Amazon, and Zynga Are Baird’s Top Internet Stock Picks

Text size Zynga headquarters in San Francisco. David Paul Morris/Bloomberg The internet will be a “menu of opportunities” for 2022, according to Baird analyst Colin Sebastian. For Sebastian, the top picks on next year’s menu are Meta Platforms (ticker: FB), Amazon.com ( AMZN), and Zynga (ZNGA). “Investors remain focused on shorter-term trends, near-term comps, and […]

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Technology

Meta aims for ‘deep compatibility’ with blockchain, according to an internal post.

Meta, Facebook’s parent company, is aiming for “deep compatibility” with blockchain technology, according to an internal post on Tuesday from a top executive. In the note to employees, which was obtained by The New York Times, Andrew Bosworth, who will become Meta’s chief technology officer next year, laid out a vision for the social network […]

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Business Tech

Facebook changes name to Meta

Facebook Inc is re-christening itself Meta Platforms Inc, decoupling its corporate identity from the eponymous social network mired in toxic content, and highlighting a shift to an emerging computing platform focused on virtual reality. “The metaverse is the next frontier,” chief executive officer Mark Zuckerberg said in a presentation at Facebook’s Connect conference, held virtually […]

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