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☆ CNBC Daily Open: Time to look at AI-adjacent plays
▼ + stars: | 2024-09-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Stoxx Europe 600 Bank Index fell 0.73% as investors monitored UniCredit's potential merger with Commerzbank . Done selling NvidiaNvidia CEO Jensen Huang is done selling the company's stock for now. In March, Huang set out a plan to sell up to six million Nvidia shares by first quarter of 2025.

Persons: Jensen Huang, Huang, Meta Organizations: CNBC, Dow Jones, Nasdaq, Commerzbank, Google, Microsoft Google, European Commission, European Union, Microsoft, Nvidia, Bain & Company, Labs, Hewlett Packard Enterprise Locations: Europe

Li-Chen Miller, the vice president of product in charge of Ray-Ban Meta glasses, told CNBC that when she travels, she uses the glasses to take photos of her hotel room door, and later, she asks Meta AI to recall the number. AI that speaksZuckerberg also introduced improvements to its Meta AI chatbot that will allow people to interact with it using their voice instead of written text. Users will now be able to have natural voice conversations with Meta AI, which is accessed through Meta apps like Messenger and Instagram. Users will be able to perform actions using their voice, such as telling Meta AI to take a photo by talking to their smartphone. The new Siri-like Meta AI voice feature will be available over the next month for U.S., Canadian, Australian and New Zealand users of WhatsApp, Instagram, Facebook and Messenger.

Persons: Meta, “ I’ve, ” Zuckerberg, Mark Zuckerberg, Apple hasn’t, Zuckerberg, won’t, EssilorLuxottica, Ban, Ray, Chen Miller, Judi Dench, John Cena, Keegan, Michael Key, Kristen Bell, Siri, OpenAI, ChatGPT Organizations: Labs, Meta, Apple, VR, Amazon Music, Amazon, Quest Pro, Orion, Facebook, CNBC, IDC Locations: Menlo Park , California, Oculus, New Zealand

In addition to the Quest 3S, Meta on Wednesday also showcased its latest prototype of augmented-reality smart glasses and announced a flurry of new features for its Meta AI chatbot. What it doesMetaA Meta representative said the "S" in Quest 3S stands for "start" — as in getting started with VR. Orion is Meta's first "fully-functioning" prototype AR glasses, Zuckerberg said, and the device is tethered wirelessly to a small "puck." The Orion glasses are an improvement on Project Nazare, prototype smart glasses that Zuckerberg announced in 2021, when the company changed its name from Facebook. As part of Wednesday's event, Meta announced new Meta AI features for its Ray-Ban smart glasses.

Persons: Mark Zuckerberg, David Paul Morris, Meta, Apple hasn't, Zuckerberg, Meta's, Cristiano Amon, Nurphoto, EssilorLuxottica, Ban, Ray, Chen Miller, Judi Dench, John Cena, Keegan, Michael Key, Kristen Bell, Siri, OpenAI, ChatGPT Organizations: Meta, Inc, Chase Center, Bloomberg, Getty, Labs, Apple, VR, Amazon Music, Amazon, Quest Pro, Orion, Facebook, Qualcomm, Samsung, Google, Nurphoto, CNBC, IDC, Wednesday Locations: San Francisco , California, Menlo Park , California, Oculus, New Zealand

☆ Snap threw shade at Apple and Meta's bulky headsets, but its new Spectacles are cartoonish
▼ + stars: | 2024-09-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

At the end of Tuesday's Snap Partner Summit keynote, CEO Evan Spiegel introduced a major upgrade to the company's augmented reality glasses. AdvertisementHe added, "AR glasses have see-through lenses. SnapAlthough Spiegel threw shade at headset rivals, Snap will have a lot to prove in the smart glasses space. The glasses Snap unveiled are cordless, unlike the Vision Pro headset. The Quest 3 completely covers the eyes, but Spiegel said Spectacles have see-through lenses that become tinted in sunlight.

Persons: —, Evan Spiegel, you've, Spiegel, Snap, Leo Gebbie Organizations: Service, Business, Meta, Reality Labs, CCS Insight, CNBC, Vision, VR

☆ Snap unveils latest AR glasses despite ongoing struggles in core ad business
▼ + stars: | 2024-09-17 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Snap on Tuesday announced the fifth generation of its Spectacles augmented reality glasses that can overlay digital graphics onto the physical world. Snap's announcement comes days before rival Meta's Connect event, a conference where Facebook's parent typically unveils its latest hardware. Like Meta, Snap has been trying for years to break into consumer hardware. The previous day Meta reported better-than-expected quarterly results that sent the stock price up 7%. The company has yet to find meaningful success, but Wall Street has afforded Meta patience with Reality Labs because the company's advertising business is thriving.

Persons: Evan Spiegel, OpenAI, Meta's, Leo Gebbie Organizations: Snap Inc, Barker, Tuesday, Meta, Labs, Reality Labs, CCS Insight Locations: Santa Monica , California

☆ Meta set to report second-quarter earnings after the bell
▼ + stars: | 2024-07-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta is slated to report second-quarter earnings on Wednesday after the close of regular trading. Meta's ad revenue is projected to show an increase of 19% to $37.6 billion, according to StreetAccount. Heading into Meta's report on Wednesday, the digital ad market has shown some signs of weakness. Alphabet reported lower-than-expected ad revenue out of YouTube last week, and on Tuesday, Pinterest issued disappointing third-quarter guidance, leading to a 15% plunge in the stock after hours.

Persons: Mark Zuckerberg, LSEG, Meta, Zuckerberg, Emily Chang, Sundar Pichai, Pichai, Pinterest, Julia Brau Donnelly Organizations: Meta, Google, YouTube, Labs, Revenue, Quest VR, Microsoft Locations: Menlo Park , California

☆ Meta’s Reality Labs posts $4.5 billion loss in second quarter
▼ + stars: | 2024-07-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. As part of the company's second-quarter earnings report on Wednesday, Meta's Reality Labs unit, which houses augmented and virtual reality technologies, recorded an operating loss of $4.48 billion. In September, Meta debuted the Quest 3 VR headset, which has a starting price of $499. Zuckerberg has pointed to advances in artificial intelligence and related large language models as improving the capabilities of smart glasses. Meta's second generation of smart glasses went on sale in October with a starting price of $299.

Persons: Porte de Versailles, StreetAccount, Mark, Meta, Ray, Ban, Zuckerberg, Francesco Milleri Organizations: Viva Technology, Parc, Labs, Reality Labs, Apple, CNBC, Meta Locations: Paris, France, China

☆ It turns out Mark Zuckerberg does have a breaking point with spending on Meta's metaverse ambitions
▼ + stars: | 2024-07-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Meta is reportedly implementing cost-cutting measures at Reality Labs, its division for VR, AR, and the metaverse. The division has been asked to reduce spending, The Information reports. The purse tightening marks a big shift from before, as the metaverse is Zuck's costly pet project. AdvertisementMark Zuckerberg is reportedly reeling in spending on his big bet at Meta. The company is tightening its purse strings for Reality Labs, its division for VR, AR, and the metaverse, The Information reported Thursday.

Persons: —, Mark Zuckerberg Organizations: Meta, Reality Labs, VR, Service, Business

☆ Meta eyes a small stake in Ray-Ban maker. Why Jim Cramer says it's a big deal
▼ + stars: | 2024-07-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The companies have partnered on the Ray-Ban Meta smart glasses for years, with the second-generation frames going on sale in October 2023 and by all accounts exceeding expectations. "Taking that stake in EssilorLuxottica [would be] a very big deal," Jim Cramer said Thursday on CNBC, noting how strong demand for the Ray-Ban Meta glasses have been. The second-gen Ray-Ban Meta smart glasses incorporate the tech firm's artificial intelligence assistant, MetaAI, which enables wearers to ask questions about their surroundings and get answers. This is a hand-over-fist production" for Ray-Ban Meta glasses, Jim said Thursday. Ray-Ban Meta Smart Glasses 2nd generation at a Meta Platforms event in San Francisco, California, US, on Sept. 18, 2023.

Persons: Ray, cautioning, Meta, Jim Cramer, Meta's, Mark Zuckerberg, Zuckerberg, Jim, we'll, Jim Cramer's, David Paul Morris Organizations: Financial Times, Street, Meta, Ray, CNBC, Reality Labs, Bloomberg, Getty Locations: France, EssilorLuxottica, San Francisco , California

☆ Shares of 6 mega-cap companies that run the economy should dominate the stock market
▼ + stars: | 2024-07-11 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The market is only driven by a handful of massive tech stocks – and therefore, it's built on a weaker foundation than a market advancing on a broader swath of its constituents. Companies don't lose dominance or stock leadership because they were dominant the last time we had a bull market. We trimmed Nvidia, Meta Platforms, Palo Alto Networks , and five other tech stocks at the beginning of the year. Would the market suddenly become more investible if we broke up the Super Six into say 15 different companies and stocks? However, we don't think they are a reason to bail entirely on any of these names.

Persons: it's, Jim Cramer, Jim, they've, we've, we're, Jim Cramer's, Spencer Platt Organizations: Club, Super, CNBC, Apple, Microsoft, Meta, Nvidia, Fed, Barclays, Big Tech, IBM, Palo Alto Networks, Palo Alto, United Parcel Service, Google, Facebook, Gmail, Amazon, Services, Jim Cramer's Charitable, The New York Stock Exchange, Nasdaq, Getty Locations: Eaton, Dover, 2Q24, U.S, Manhattan, New York City

☆ Meta poised for another breakout, according to the charts
▼ + stars: | 2024-06-18 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Meta (META) is about 5% from all-time highs and technically set up for a move to break to a new record. Since then during its 'year of efficiency' free cash flow has been built back to about $11-$13 billion per quarter for a yearly cash flow of about $50 billion. Meta is already making significant progress as its AI-generated content recommendation systems on Instagram Reels has made sharing among users increasingly popular. Analysts are expecting Meta to grow earnings by 14% for the next two years and revenues by about 12%. -Todd Gordon, founder of Inside Edge Capital, LLC DISCLOSURES: (Gordon owns META personally and in his wealth management company Inside Edge Capital Management, LLC Charts.)

Persons: we've, Todd Gordon, Gordon Organizations: Inside Edge, Reality Labs, Meta, Nvidia, Apple, Alpha, Inside Edge Capital Management

☆ Mark Zuckerberg 's net worth plummets by more than $18 billion from Meta stock drop
▼ + stars: | 2024-04-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Mark Zuckerberg's net worth plunged by $18 billion Thursday after comments from the Meta CEO on the earnings call sent his company's stock price to its steepest decline since October 2022. Meta said it plans to spend $35 billion to $40 billion Meta on capital expenditures this year, an increase from its prior forecast. Zuckerberg's fortune has swung up and down through the years, as his company's stock has been particularly volatile. His net worth fell by around $100 billion in 2022. In early 2022, he lost almost $30 billion in a single day, when his company's stock price tumbled 26% on weak earnings and disappointing guidance.

Persons: Mark Zuckerberg, Mark Zuckerberg's, Zuckerberg, Meta Organizations: Facebook, Paley Center For Media, Meta, Harvard, Reality Labs Locations: New York

☆ Meta's Reality Labs posts $3.85 billion loss in first quarter
▼ + stars: | 2024-04-24 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference while wearing a virtual reality headset in San Jose, California. Meta shows no signs of substantially trimming its losses from investing in the metaverse, as competition heightens between the Facebook parent and Apple in the virtual reality market. In its first-quarter earnings report Wednesday, Meta disclosed that its Reality Labs unit recorded a $3.85 billion operating loss. Analysts were expecting a $4.31 billion operating loss and sales of $512.5 million for the quarter, according to StreetAccount. Reality Labs has now lost more than $45 billion since the end of 2020, when Meta first began reporting the business segment separately.

Persons: Mark Zuckerberg, Meta Organizations: Facebook, Apple, Reality Labs, Revenue, Meta Locations: San Jose , California

☆ Meta's AI plans are costing way more than they thought
▼ + stars: | 2024-04-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

The report said costs are expected to increase as the company invests "aggressively" in AI. Meta also cited higher infrastructure and legal costs as the factors behind the increase. AdvertisementMeta's first-quarter earnings report reveals the company's AI plans are costing more than anticipated. It's also coming from product development and legal costs. AdvertisementReality Labs is a division of Meta that focuses on human-computer products through virtual reality headsets and augmented reality glasses.

Persons: Meta, —, Meta's, It's, Max Willens, it's, Willens Organizations: Service, Meta, Reality Labs, Business, Companies

☆ Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies, creating iPhone versus Android dynamic
▼ + stars: | 2024-04-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company's Meta Horizon operating system, the company said Monday. The move will create new hardware devices that run on the same operating system and software as Meta's current first-party virtual reality hardware, such as the Quest 3 and Quest Pro. The move further defines the fault lines of the virtual reality hardware market, months after Apple released its $3,500 virtual reality headset called Vision Pro in January. According to Meta CEO Mark Zuckerberg, who shared the news in an Instagram video Monday, the announcement essentially recreates the Android versus iOS dynamic in smartphones — only for virtual reality headsets. Meta Horizon is based on a version of Android, allowing for easier ports of apps from phones to virtual reality.

Persons: Mark Zuckerberg, Zuckerberg, Meta's, Meta Organizations: Lenovo, Microsoft, Asus, Quest Pro, Apple, Reality Labs, Meta, Apple's, Google, Steam, Gaming, Xbox

☆ Tech's earnings bonanza this week shines spotlight on growing troubles at Tesla, Google
▼ + stars: | 2024-04-22 | by ( Hayden Field | ) www.cnbc.com time to read: +10 min

Justin Sullivan | Getty ImagesAs tech's behemoths get set to report earnings this week, they do so facing a mountain of drama. Tesla kicks off tech earnings season after the close of trading on Tuesday, with shares of the electric vehicle maker trading at their lowest since January 2023. When it comes to AI, Meta debuted its assistant — Meta AI — on WhatsApp, Instagram, Facebook and Messenger last week. Loren Elliott | Bloomberg | Getty ImagesOn a busy Thursday for tech earnings, Alphabet is likely to capture the most attention. On Thursday, Alphabet CEO Sundar Pichai announced a consolidation of the company's AI teams, including responsible AI and related research teams, under the Google DeepMind umbrella.

Persons: Sundar Pichai, Justin Sullivan, tech's behemoths, Tesla, Microsoft's, Lip, CNBC's, we've, Brandon Bell, Drew Baglino, Rohan Patel, Musk, John Murphy, Meta, Mark Zuckerberg, Wall, OpenAI's ChatGPT, Joe Biden, Republican Donald Trump, Loren Elliott, Ruth Porat, Thomas Kurian's, livestreamed, Pichai, that's, Satya Nadella, Sam Altman, Altman, OpenAI, chatbot, MSFT Organizations: Inc, Government, Society, Google, Big Tech, Nvidia, BakerAvenue Wealth Management, Tech, Meta, Microsoft, Getty, Elon Musk's EV, Bank of America, Reality Labs, Facebook, Republican, Bloomberg, CNBC, Google Cloud, Union, Apple, Guggenheim Locations: Stanford , California, Austin , Texas, New York, Sunnyvale , California, Sunnyvale, Seattle, San Francisco , California, OpenAI, Mistral, U.S

☆ 6 portfolio stock earnings and the Fed's favorite inflation gauge dominate the week ahead
▼ + stars: | 2024-04-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City

☆ Read the 19-page pitch deck ex-Meta staffers used to raise $1 million for their comedy startup
▼ + stars: | 2024-03-13 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Danny Frenkel, the CEO of comedy startup PunchUp Live, said the industry had a pretty standard path to success. Comics would aim to score a special on Comedy Central, Netflix, or HBO to become a big headliner at large venues. But Frenkel said the problem was comedians were '"renting" those audiences from social-media platforms. PunchUp helps comedians navigate social-media platforms like Instagram, TikTok, and YouTube. Check out PunchUp Live's 19-page pitch deck:Note: PunchUp redacted financial projections originally included in the deck.

Persons: Danny Frenkel, Frenkel, Alex Dajani, Steve Byrne, Sam Morril, Rachel Feinstein, Mark Norman, PunchUp, Morril, he's, " Frenkel, Meta Ray, Heracles Capital Organizations: Comedy Central, Netflix, HBO, Business, YouTube, Meta, Reality Labs, Heracles, Hustle Fund, Evil Twin

☆ Zuck roasts the Apple headset again
▼ + stars: | 2024-03-10 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg has been outspoken about his criticisms of Apple's Vision Pro. In a Friday post on Threads, he trashed the VR headset once again. Zuck said if Meta's Quest is like the Vision Pro in five years, "we'll have regressed significantly." AdvertisementMark Zuckerberg just keeps dumping on Apple's Vision Pro. Friday's social media posts were just the latest in a series of snarky comments Zuckerberg has pointed toward Apple's Vision Pro.

Persons: Mark Zuckerberg, Zuck, —, Benedict Evans, it's, Evans, Zuckerberg Organizations: Apple's, Service, Mosaic Ventures, VR, Vision, Meta, Apple, Business, Pro, preorder, Labs, Apple's Vision

☆ Layoff angst looms over Meta employees as they face tough performance reviews and ongoing reorgs
▼ + stars: | 2024-03-05 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

A tough annual performance review season at Meta and a newly permanent state of "efficiency" has some workers preparing for the worst. The company's months-long process of evaluating individual employee performance for 2023 is wrapping up this week, with tens of thousands of workers receiving feedback from Meta managers. The company recently told employees that their bonuses would be increased due to the company's financial performance over the last year. Advertisement"Meta has always done a lot of reorgs, moving people around, eliminating teams," a third person familiar with the company said. An employee previously told BI that employees deemed to have subpar performance "will be pushed out, one way or another."

Persons: Mark Zuckerberg, Zuckerberg, Meta, Kali Hays Organizations: Service, Meta, Business, Big Tech, Reality Labs Locations: Meta, Instagram, khays@insider.com

☆ Meta aims to reveal and demo Orion, its first true AR glasses, during its fall developer conference
▼ + stars: | 2024-02-27 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Meta plans to show off years of work on new augmented reality glasses during its developer conference this year. While the AR glasses will not be for sale to the public after the reveal, a handful of employees are already experimenting with advanced prototypes, one of the people noted. The AR glasses are a separate product from Meta's better-known Ray-Ban smart glasses and Quest headsets. He posted a photo to Threads earlier this month showing several versions of Meta glasses on his desk. So far, Meta's AR glasses are costly to produce, much less sell at retail.

Persons: what's, Ray, Andrew Bosworth, Mark Zuckerberg, Bosworth, Kali Hays Organizations: Orion, Reality Labs Locations: khays@insider.com

☆ The gloves are off among Silicon Valley CEOs
▼ + stars: | 2024-02-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Silicon Valley CEOs are doing battle in public. AdvertisementThe Silicon Valley elite have been at each other's throats a little more than usual lately. AdvertisementThe latest example of this came this week when Mark Zuckerberg derided Apple's Vision Pro headset in an Instagram video. The Vision Pro is a direct competitor to Meta's Quest Pro but Zuckerberg does not appear concerned for now. “If you go back to the PC era, Microsoft’s open model was the winner, and in this next generation Meta is going to be the open model, and I really want to make sure that the open model wins out again.”Zuckerberg has good reason to be on the offense.

Persons: Mark Zuckerberg, —, Apple's, Zuckerberg, Justin Sullivan, it’s, ” Zuckerberg, OpenAI’s, Bill Gates, ” Elon Musk, Sam Altman, chatbot Grok, Elon Musk, Leon Neal, Satya Nadella, OpenAI, Y, Paul Graham, Tim Cook, Steve Jobs, ”, “ Organizations: Vision, Service, Tech, Meta's, Apple, Reality Labs, Microsoft, Google Locations: OpenAI, Zuck

☆ Boeing Disaster Proves Americans Businesses Greedy Mentality Is Broken
▼ + stars: | 2024-02-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +16 min

They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .

Persons: it’s, could’ve, William Lazonick, “, It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, —, ”, Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, ”, NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America

☆ Here's why Apple stock is still worth holding despite Wall Street's shortsightedness
▼ + stars: | 2024-02-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Asked a double-edged question: "What can you do to make my Apple stock go up." On Friday, we had so many storylines going it is hard to get your head around Apple's Vision Pro launch and its import. Most of all, however, the customer satisfaction level allows him to experiment with something really radical: the Vision Pro. No one is buzzing about how Apple can't meet demand for the Vision Pro. People walk in an Apple store on the day the Vision Pro headset goes on sale in Los Angeles, Feb. 2, 2024.

Persons: Apple's, Mark Zuckerberg, Zuckerberg, Matt Horween, Tim Cook, Cook, AirPods, Goldman Sachs, Apple, Ray, that's, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Costco, Apple, Meta, Apple's Vision, Web Services, Reality Labs, Dow Jones Transportation, Federal Reserve, Huawei, Vision, Major League Soccer, CNBC Locations: China, Republic of China, Los Angeles

☆ Meta's Zuckerberg sees $28 billion windfall after shares rocket
▼ + stars: | 2024-02-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Meta CEO and co-founder Mark Zuckerberg has 28 billion reasons to celebrate the company's gangbuster quarter. As of Friday's close, Zuckerberg is the richest he has ever been, thanks to a 22% surge in Meta stock that has left him with a $28 billion paper windfall. The CEO now has a net worth of $165 billion, making him wealthier than Microsoft co-founder Bill Gates. It is a remarkable change of fortune for a man whose net worth is closely tied to the performance of Meta stock. In 2021, Zuckerberg's net worth peaked at around $142 billion, according to the Bloomberg Billionaires Index, as the Nasdaq reached a fresh high.

Persons: Mark Zuckerberg, Zuckerberg, Bill Gates, He'll Organizations: Facebook, Meta, Microsoft, Bloomberg, Nasdaq, Investors, Reality Labs, CNBC PRO

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