Meta Platforms Shares Surge on Cost Cuts, Stock Buyback
Business Shares of social-media company are on pace for largest percentage increase in nearly a decade
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FTC Loses Antitrust Challenge to Facebook Parent Meta
Tech Judge denies agency’s request for injunction blocking Meta’s proposed acquisition of virtual-reality startup
Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more
Opinion: Snap stock has lost the one thing it had going for it
Snap Inc.’s life as a high-growth young tech stock is over, and its rivals are about to show how much of that change is about Snapchat. “From our recent conversations with our partners, it seems like advertising demand hasn’t really improved, but it hasn’t gotten significantly worse either,” Snap co-founder and Chief Executive Evan Spiegel … Read more
Meta Embraces AI as Facebook, Instagram Help Drive a Rebound
Days before Meta 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 in a … Read more
Elon Musk Explores Raising Up to $3 Billion to Help Pay Off Twitter Debt
WSJ News Exclusive Tech Billionaire has held talks with investors about selling new Twitter shares
Twitter Lays Off Some Sales Employees After They Committed to Twitter 2.0
Elon Musk extended his job-cutting at Twitter Inc., laying off some employees in sales after they had signed on to the billionaire’s vision for the social-media platform, people familiar with the matter said. The exact scope of the latest cuts couldn’t be immediately learned. One employee said he found out early Monday that he had … Read more
Tesla Board’s View That Elon Musk Is Irreplaceable Emerged in Pay Trial
WILMINGTON, Del.—The scale of concern among Tesla Inc. TSLA -1.63% board members about how to keep Elon Musk ‘s attention trained on the electric-vehicle maker loomed large during a weeklong trial over the chief executive’s pay package. A desire to motivate Mr. Musk to focus on Tesla triggered a monthslong pay negotiation that culminated in … Read more
Opinion: Tesla investors have been the biggest losers in Elon Musk’s Twitter deal, and those losses continue
Twitter users have complained a lot about Elon Musk’s early moves after taking control of the social network, but their complaints seem tiny compared with what Tesla Inc. investors have had to suffer. As the U.S. focused on election returns Tuesday evening, Tesla TSLA, -7.17% Chief Executive Musk tried to slip through disclosure of his … Read more
Elon Musk Says Twitter Is Ditching Gray ‘Official’ Label Hours After Launching It
Elon Musk has already dumped the gray “official” label. Hours after Twitter Inc. started rolling out the new designation allowing it to verify the authenticity of a user’s account, Mr. Musk, Twitter’s new owner, said he was getting rid of it.