META

WSJ News Exclusive | Meta Embraces AI as Facebook, Instagram Help Drive a Rebound

WSJ News Exclusive | Meta Embraces AI as Facebook, Instagram Help Drive a Rebound

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Days before Meta META 2.52% Platforms Inc.’s first ever mass layoffs in November, a senior executive shared some good news. The company’s short-form video product, Reels, was getting traction with users, and the threat posed by rival TikTok appeared to be easing. “Facebook engagement is stronger than people expected,” Tom Alison, head of Facebook, wrote …

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One Year After Facebook Went Meta, It's Built a Multiverse of Problems

One Year After Facebook Went Meta, It’s Built a Multiverse of Problems

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Gif: Surreal Entertainment/YouTube Well, Meta sure is in a bit of a mess. The company formerly known as Facebook rang in its one-year anniversary last week but had very little reason to celebrate. Instead, an unfortunate Q3 earnings report showed that, since its inception last October, the company has lost a gargantuan amount of money …

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Here are the worst (and best) performing stocks of August and for 2022

Here are the worst (and best) performing stocks of August and for 2022

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After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August. Here’s the damage: Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021 S&P 500 SPX -3.5% -16.4% 26.9% Dow Jones Industrial …

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