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☆ Apple Kills Its Electric Car Project
▼ + stars: | 2024-02-27 | by ( Brian X. Chen | More About Brian X. Chen | ) www.nytimes.com time to read: +1 min

Though Apple had not unveiled its car to consumers, the product had for many years been one of Silicon Valley’s worst-kept secrets because it was being tested on public roads. The cancellation is a rare move by Apple, which typically doesn’t shelve such public and high-profile projects. Tim Cook, Apple’s chief executive, has publicly hinted that Apple was interested in entering the car space. The company had also been testing hundreds of vehicles equipped with autonomous driving technology in public for many years. The car, which Apple spent billions of dollars researching, had been intended as a rival to Tesla’s electric vehicles, which include autonomous driving features.

Persons: Tim Cook, Apple, Cook’s Organizations: Apple, Apple Watch, Vision

☆ Kara Swisher witnessed the tech revolution. Now she wants to burn the industry
▼ + stars: | 2024-02-25 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +14 min

That’s the message in a fascinating new memoir, “Burn Book,” by the tech journalist Kara Swisher, who hosts a multitude of podcasts and is a CNN contributor. I don’t think they read. In the entire time that you’ve been covering tech I don’t think there’s been a single major regulatory law. So it’s a real racket if you really think about it. And I do think there’s a human impulse even though you have this lizard brain that likes to stare at the phone.

Persons: “, Kara Swisher, SWISHER, Will, I’ve, it’s, Steve Jobs, I’m, Don’t, What’s, there’s, they’ve, They’ve, Guess, Mark Zuckerberg, He’s, Joe, Biden, There’s, Sam Altman, Tony Blinken, It’s, that’s, you’re, We’ve Organizations: CNN, Communications, Alaska Airlines, United Arab, State, Facebook, Times Locations: It’s, America, Alaska, United Arab Emirates, UAE, Europe, New York, There’s

Maybe it’s AT&T, which went down for many users on Thursday. The short answer: You need a Wi-Fi connection. Call on Wi-FiFirst, be sure that Wi-Fi calling is turned on in your phone’s settings. iPhone users can turn on Wi-Fi calling by going to Settings, and then activating Wi-Fi calling under the Cellular settings page. Android users can turn on Wi-Fi calling within the Phone app.

Persons: you’re

☆ Tech Layoffs Scare Employees but Make Wall Street Investors Happy
▼ + stars: | 2024-02-22 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

It may seem counterintuitive for Wall Street to reward companies for letting people go. After all, layoffs are usually thought to be a sign that the business isn’t doing so hot. And while a lot of the layoff talk is concentrated in tech, investors were also quite pleased about job cuts at Estée Lauder . Many companies took an aggressive approach to hiring during the pandemic, particularly tech companies whose engagement boomed while everyone was stuck at home. The tech companies developing AI products are the best positioned to try them out.

Persons: Estée Lauder, ”, Scott Kessler, Goldman Sachs, Sameer Samana, moonshot, Ted Mortonson, Baird, Kessler, ” Mortonson, hasn’t, Emily Stewart Organizations: Bloomberg, Third, Companies, Wells, Investment Institute, Business Locations: Samana

☆ Champions League: Toothless Arsenal suffers late defeat to Porto
▼ + stars: | 2024-02-22 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

While Arsenal dominated possession and passing, the Gunners were largely toothless throughout the contest, mustering zero shots on target and just seven total shots all game. You can’t overlook anyone, ever, in the Champions League because it is the Champions League, special things happen. It’s a real kick in the teeth because we’ve conceded late, but we know what to do. If we want to get into the next round, we know how we’ve got to win and what we’ve got to do to go about that. We’ve been in a great bit of form, it’s about staying positive, getting back, recovering, going again in the Premier League and we’ll be ready for the Champions League for sure.”Galeno applauds the fans following his match-winning performance.

Persons: CNN —, Mikel Arteta’s, Gabriel Martinelli, Declan Rice, David Raya, Rice, you’re, ” Rice, “, we’ve, “ We’re, we’re, We’ve, we’ll, Galeno, David Ramos, ”, haven’t Organizations: CNN, CNN — Arsenal, Champions League, FC Arouca, Arsenal, Gunners, Porto, Otávio, TNT Sports, League, Premier League, Getty, Emirates Locations: Porto’s, Portuguese

In November, a year after ChatGPT’s release, a relatively unknown Chinese start-up leaped to the top of a leaderboard that judged the abilities of open-source artificial intelligence systems. system as an alternative to options like Meta’s generative A.I. Mr. Lee’s start-up then built on Meta’s technology, training its system with new data to make it more powerful. Even as the country races to build generative A.I., Chinese companies are relying almost entirely on underlying systems from the United States. China now lags the United States in generative A.I.

Persons: Kai, Fu Lee, Lee, Lee’s Locations: China, United States

☆ It's not just Sam Altman trying to throw money at the AI chip shortage
▼ + stars: | 2024-02-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The race is on to address the AI chip shortage. SoftBank's Masayoshi Son is the latest tech leader who plans to invest heavily in chip production. Chips are needed to train the complex models that underpin AI — but there's not enough to go around. SoftBank CEO Masayoshi Son is the latest tech leader to raise funds to tackle the chip shortage. So too are more speculative ambitions being pursued by both Altman and Son, such as the development of artificial general intelligence.

Persons: —, Sam Altman, it's, Masayoshi Son, Altman, Son, Ethan Mollick, ” There's, That's, Mark Zuckerberg, ” Mark Zuckerberg, JOSH EDELSON, Son’s Organizations: Service, Tech, Journal, Izanagi, Bloomberg, Kyodo, Stills, Nvidia, Samsung, Intel, ARM Locations: Tokyo

☆ Meta’s Nick Clegg on banning AI-generated election content: It doesn't work, you always miss stuff
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta’s Nick Clegg on banning AI-generated election content: It doesn't work, you always miss stuffNick Clegg, Meta President of Global Affairs, joins ‘Squawk on the Street’ to discuss why big tech companies should unite to tackle deceptive AI practices, whether companies should ban AI-generated election content, and more.

Persons: Nick Clegg, Squawk Organizations: Global Affairs

☆ Watch CNBC’s full interview with Meta’s Nick Clegg
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Meta’s Nick CleggNick Clegg, Meta President of Global Affairs, joins ‘Squawk on the Street’ to discuss why big tech companies should unite to tackle deceptive AI practices, whether companies should ban AI-generated election content, and more.

Persons: Meta’s Nick Clegg Nick Clegg, Squawk Organizations: Global Affairs

☆ Mark Zuckerberg is risking a Steve Ballmer moment with his Apple Vision Pro takedown
▼ + stars: | 2024-02-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg trashed Apple's Vision Pro this week and called out Apple's "fanboys." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMark Zuckerberg posted a takedown of Apple’s just-launched Vision Pro this week, criticizing its cost, specs, and called out Apple's "fanboys." Now, Mark Zuckerberg has taken aim at Apple’s $3,500 Vision Pro, deriding Apple “fanboys” for hyping a product with inferior specs to Meta’s $500 competitor, the Quest headset.

Persons: Mark Zuckerberg, Zuckerberg, Steve Ballmer, —, Apple’s, ” Ballmer, “, it's Organizations: Apple, Service, VR

☆ Instagram and Threads will no longer promote ‘political’ content. No one knows what they define as ‘political’
▼ + stars: | 2024-02-15 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —What constitutes “political” content? “Our goal is to preserve the ability for people to choose to interact with political content, while respecting each person’s appetite for it,” Mosseri explained. “Meta seems unable to define ‘political’ content,” Charlie Warzel, a staff writer at The Atlantic who covers the intersection of technology, politics, and culture, told me. According to Meta’s Ad Library, the company has raked in more than $4 billion in political and social issues ad spending since 2018. It’s not just limited to social issues.

Persons: Meta, Mark Zuckerberg, Adam Mosseri, ” Mosseri, Elon Musk’s, “, ” Judd Legum, ”, Mark Cuban, Charlie Warzel, Mosseri, ” Parker Malloy, It’s, Taylor, Jimmy Kimmel, Warzel Organizations: New York CNN, Popular Information, Washington , D.C, Meta, Meta’s Ad Locations: New York, Washington ,

☆ 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

☆ The “Dune: Part Two” cast’s red carpet looks are out of this world
▼ + stars: | 2024-02-15 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

Doug Peters/PA Images/Alamy Images/Sipa USATimothée Chalamet in Haider Ackermann at the London premiere. Jeff Spicer/Getty ImagesLea Seydoux in an intricately-embroidered Louis Vuitton gown at the London premiere. Marc Piasecki/Getty ImagesChalamet in Prada at the Mexico City premiere on February 6. Medios y Media/Getty ImagesButler in Saint Laurent in Mexico City. Angel Delgado/Getty ImagesChalamet in Hermès at a Mexico City photocall on February 5.

Persons: ” Law Roach, Zendaya, Rick Owens, Timothée Chalamet, Alexander McQueen, Paul Atreides, Roach, Thierry, Haider Ackermann, Florence Pugh, Valentino, Lea Seydoux, Rebecca Ferguson, Louis Vuitton, Anya Taylor, Joy, Dior, Doug Peters, Chalamet, Mike Marsland, Jeff Spicer, Hannah McKay, Scott A, Thierry Mugler, Daniel Leal, Samir Hussein, Austin Butler, Gucci, Ferguson, Marc Piasecki, Geoffroy Van Der, Pugh, Butler, Angel Delgado, Jaime Nogales Organizations: CNN, Balmain, London, Getty, Reuters, Paris, Chalamet, Givenchy Haute Couture, Couture, Mexico City, photocall Locations: Mexico City, Paris, London, Fendi, Bottega Veneta, Zendaya, Roksanda, Louis, Givenchy Haute, Geoffroy Van Der Hasselt, AFP, Prada, Mexico, Saint Laurent, Hermès

☆ Mark Zuckerberg says Meta’s Quest 3 is the clear winner compared to Apple’s Vision Pro
▼ + stars: | 2024-02-14 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

The Meta CEO on Monday posted a video review of Apple’s Vision Pro, the new rival mixed reality headset to Meta’s Quest 3. “Alright, guys, so, I finally tried Apple’s Vision Pro,” Zuckerberg begins in the video, which was posted to his Instagram. Zuckerberg also throws several other jabs at the Vision Pro in an effort to talk up his own product. Meta also has a more advanced, and more expensive, headset option called Meta Quest Pro. At least for now, most consumers probably aren’t going to buy either the Quest 3 or the Vision Pro.

Persons: New York CNN —, Mark Zuckerberg, ” Zuckerberg, it’s, Apple, Zuckerberg, Meta, metaverse, Meta's, Josh Edelson, it’s “ Organizations: New, New York CNN, Vision, Apple, Meta, Getty, Quest Locations: New York, AFP

DUBAI, United Arab Emirates (AP) — Meta has removed Instagram and Facebook accounts run on behalf of Iran's Supreme Leader Ayatollah Ali Khamenei after criticism over his support for Hamas after its Oct. 7 attack on Israel that sparked the monthslong war still raging in the Gaza Strip, the company confirmed Friday. Khamenei and accounts associated with the supreme leader had been praising the Hamas attack on Israel that killed 1,200 people and saw some 250 others taken hostage. Immediately after the attack, Khamenei backed Hamas in a speech, saying: “We kiss the hands of those who planned the attack on the Zionist regime." Iran has provided arms and support to Hamas, though Tehran isn't believed to have directed the Oct. 7 attack. “He’s used these platforms for years to incite violent antisemitism, to legitimize militant anti-zionism and to make genocidal threats,” Greenblatt wrote online.

Persons: — Meta, Ayatollah Ali Khamenei, Khamenei, Donald Trump, Mahsa Amini, Tehran isn't, Yemen's, Jonathan Greenblatt, Meta's, “ He’s, ” Greenblatt Organizations: United Arab Emirates, —, Iran's, Organizations, U.S ., United Nations, U.S, Trump, Facebook, Green Movement, Twitter, Zionist, Defamation League Locations: DUBAI, United Arab, Israel, Gaza, Menlo Park , California, Iran, America, Tehran, East

☆ Why Hollywood should be terrified of YouTube, not Netflix
▼ + stars: | 2024-02-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Its advantage wasn’t lost on Netflix cofounder and former CEO Reed Hastings, who’s namechecked YouTube as a threat to Netflix. YouTube has become a media giant without Hollywood contentMany in media dismiss or overlook YouTube because it doesn’t look like a Hollywood player. Its TV business, YouTube TV, is a bundle of other people’s channels. And YouTube TV is now the fourth-largest pay-TV service in the country, with more than 8 million subscribers. The real threat is that Netflix and YouTube dominate and everyone else fights over a tiny slice of pie.

Persons: It’s, wasn’t, Reed Hastings, who’s, Nielsen, Z, it’s, Gen Z, Forrester, Dan Salmon, Martin Scorsese, Brian Albert, Google's, Neal Mohan, he’s, ’, YouTube’s, isn’t, can’t, else’s, Piper Sandler’s Organizations: Service, Netflix, Disney, Business, YouTube, Nielsen YouTube, Hollywood, Street Research, Amazon Prime, Google, Hulu Locations: Hollywood

☆ Meta to add ‘AI generated’ label to images created with OpenAI, Midjourney and other tools
▼ + stars: | 2024-02-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

In the coming months, Meta will start adding “AI generated” labels to images created by tools from Google, Microsoft, OpenAI, Adobe, Midjourney and Shutterstock, Meta Global Affairs President Nick Clegg said in a blog post Tuesday. Meta already applies a similar, “imagined with AI” label to photorealistic images created with its own AI generator tool. Clegg said Meta is working with other leading firms developing artificial intelligence tools to implement common technical standards — essentially, certain invisible metadata or watermarks stored within images — that will allow its systems to identify AI-generated images made with their tools. Meta is also working to prevent users from stripping out the invisible watermarks from AI-generated images, Clegg said. People and organizations that actively want to deceive people with AI-generated content will look for ways around safeguards,” he said.

Persons: Meta, Nick Clegg, Clegg, Joe Biden, ” Clegg, “, ” Organizations: New, New York CNN, Google, Microsoft, Adobe, Meta Global, Facebook, CNN, Meta Locations: New York, United States

☆ Can AI carry on this fashion designer’s legacy?
▼ + stars: | 2024-02-06 | by ( Marc Bain | ) edition.cnn.com time to read: +11 min

A few years back, she began thinking about AI after working on a fashion game tied to a line she designed for Walmart. The tagged imagery is fed into the AI model to train it. “It took us about a month to get it to the right point,” said Cyril Foiret, founder and creative director of Maison Meta. Foiret said they essentially had to develop a mini AI model just for that. Last year, she contacted Maison Meta, which was creating a name for itself through projects like organizing the first AI Fashion Week with Revolve.

Persons: Norma Kamali isn’t, Norma Kamali, Lynn Karlin, ”, “, hasn’t, ” Kamali isn’t, She’s, Hillary Taymour, Julius Juul, Heliot Emil, Laverne Cox, Jennifer Lopez, Kamali, Jamie McCarthy, Helmut Lang, Ann Demeulemeester, Alice Bouleau, Bouleau, Maison Meta, Cyril Foiret, Maison, Iman, Nick Elgar, Corbis, Foiret, they’ve, it’s, ” Kamali, “ I’m, Nima Abbasi, Vivienne Westwood, Francesco Da Vinci, ” Abbasi Organizations: The, Fashion, CNN CNN —, New, Maison Meta, Penske Media, Northwest Airlines, Walmart, NBC, Sterling International, Kamali’s, Maison, Getty, Meta, Designers, CNN Locations: New York

☆ Manipulated Biden video can remain online, Meta’s Oversight Board rules
▼ + stars: | 2024-02-05 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Washington CNN —A video on Facebook manipulated to suggest that President Joe Biden behaves inappropriately toward women can remain on the platform, but only because of a problematic loophole in Meta’s “incoherent” policies, the company’s Oversight Board said Monday. The Board reviewed the case after a user who reported the video appealed Meta’s decision not to remove the content. Meta’s manipulated media policy applies only to video that has been altered by artificial intelligence and that makes it appear as if a person said something they did not. Because Biden video did the things portrayed in the video – even if it was heavily edited to create a false impression – the video was allowed to stay on the platform. Meta’s policy on manipulated media provides exemptions for parody and satire, as well as selectively edited content that omits or changes the order of words said in a video.

Persons: Joe Biden, Biden, Meta’s, Meta, ”, “, Nancy Pelosi, factchecker, Pelosi Organizations: Washington CNN, Facebook, Meta

“As it stands, the policy makes little sense,” Oversight Board co-chair Michael McConnell said of Meta’s policy in a statement on Monday. Spokesperson Corey Chambliss said while audio deepfakes aren't mentioned in the company's manipulated media policy, they are eligible to be fact-checked and will be labeled or down-ranked if fact-checkers rate them as false or altered. Meta created its oversight board in 2020 to serve as a referee for content on its platforms. The board also noted that some forms of manipulated media are made for humor, parody or satire and should be protected. Meta said on its website that it welcomes the Oversight Board’s ruling on the Biden post and will update the post after reviewing the board’s recommendations.

Persons: Joe Biden, Michael McConnell, Meta, Corey Chambliss, Meta’s, Biden, Jen Golbeck, “, ”, Barbara Ortutay Organizations: Facebook, Meta, Pew, YouTube, Biden, University of Maryland's College of Information Studies, Associated Press, AP Locations: U.S, San Francisco

☆ Arsenal keeps league title hopes alive with ‘incredible’ win against Liverpool
▼ + stars: | 2024-02-05 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Arsenal kept its title hopes alive with a vital 3-1 win against Liverpool in the English Premier League on Sunday. It was a goal that helped settle any nerves Arsenal had before the game and Arteta’s side began dominating the first half. Wild celebrationsThe Emirates erupted as Trossard’s shot squirmed into the net, with Arteta leading the party from the touchline. Arsenal, though, won’t mind the criticism given the team is now back in the hunt for its first league title since 2004. But Arteta was solely focused on his team’s ambitions after the game, telling reporters his side had learned lessons after failing to win the league last season.

Persons: CNN —, Mikel Arteta, Bukayo Saka, Gabriel Magalhães, Alisson, Virgil van Dijk, Gabriel Martinelli, Van Dijk, Leandro Trossard’s, squirmed, Arteta, Gary Neville, Jamie Carragher, Martin Ødegaard, “, You’ve, ” Carragher, Declan Rice, Arsenal's Martin Ødegaard, Ian Kington, Pep, that’s, we’ve, ” Organizations: CNN, CNN — Arsenal, Liverpool, English Premier League, Gunners, Arsenal, ” Arsenal, Bukayo, Reds, Emirates, Manchester United, Sky Sports, Premier League, Manchester City Locations: North London, Emirates, Liverpool, AFP

☆ Facebook is still thriving 20 years later. Here’s how
▼ + stars: | 2024-02-03 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +8 min

Twenty years after its launch, social media giant Facebook continues to show unprecedented staying power after burying early competitors like MySpace and Friendster and establishing a distinct foothold in the burgeoning social media landscape. Daniel Acker/Bloomberg/Getty ImagesStrong social connection was the linchpin of Facebook, differentiating it from other primordial social media sites. MySpace’s monthly active users had trickled down to an estimated 35 million in mid-2011, according to a Comscore report at the time. In contrast, by September of that year, Facebook was seeing almost 800 million monthly active users. In April 2012, the company acquired photo-centric social media platform Instagram for about $1 billion.

Persons: Harvard University undergrad, Mark Zuckerberg, “, ”, Pablo Boczkowski, alums, ” Zuckerberg, Daniel Acker, Justin Timberlake, Friendster’s, Friendster, Boczkowski, Meta’s, ” Boczkowski, WhatsApp, Meta Organizations: New, New York CNN, Harvard University, Facebook, Communication Studies, Northwestern University, Harvard, New York Times, Bloomberg, Getty, MySpace, Swiss Federal Institute of Technology, Google, Meta, Inc, “, TikTok, Twitter Locations: New York, Zurich, India, Brazil, Argentina, Italy

☆ Meta’s Stock Surges After Jump in Profits
▼ + stars: | 2024-02-02 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Meta’s stock price soared on Friday, adding hundreds of billions of dollars to the market value of the social media giant that owns Facebook, Instagram and WhatsApp. The company said on Thursday, after the market closed, that its latest quarterly profit more than tripled, as it benefited from a rebound in digital ads. It also announced its first dividend and authorized an additional $50 billion in share buybacks. Meta’s stock rose more than 20 percent in early trading on Friday, pushing it further into record territory. The rise on Friday added some $200 billion to Meta’s market value, roughly as much as the entire market capitalization of major multinational companies — like McDonald’s.

☆ Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge
▼ + stars: | 2024-02-02 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Mark Zuckerberg’s net worth increased by more than $29 billion between your morning coffee and your lunch break. Shares of Meta (META) jumped more than 21% on the news of a quarterly dividend of $0.50 per share to be paid out on March 26 to shareholders of record as of February 22. This upswing plasters over potential harm to Meta stock after Zuckerberg, alongside other social media company heads, testified Wednesday before the Senate Judiciary Committee about the risks their products pose to young people. Zuckerberg was pressed about internal Meta documents that suggested the company estimates the lifetime value of a teen user at $270, as well as Meta’s transparency regarding how its monetizes user data. Zuckerberg apologized to the parents in attendance, who say their children were victims of social media.

Persons: Mark Zuckerberg’s, —, Zuckerberg, they’re, “, ” Organizations: New, New York CNN, Meta, US Securities and Exchange, Committee Locations: New York

☆ Meta stock surges 14%. Investors are loving its first-ever dividend
▼ + stars: | 2024-02-01 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

And it offered a sweetener for investors, sending its stock surging. “We intend to pay a cash dividend on a quarterly basis going forward,” the company said in a release. The news sent Meta (META) shares popping more than 14% in after-hours trading Thursday. For the full year in 2023, Meta’s profits grew 69% year-over-year to $39 billion, the company reported Thursday. As of Thursday’s closing bell, Meta’s stock had gained 109% since this time last year.

Persons: Meta’s, Zuckerberg, Meta, “, ”, Mark Zuckerberg, Instagram, ” Zuckerberg Organizations: New, New York CNN, Wall, Capitol Hill, Facebook Locations: New York

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