Facebook-parent Meta announces $40 billion stock buyback
Meta added active users in the fourth quarter, but revenue growth still slowed, and the social networking company is emphasize its cash-generation powers.
CNBC Technology
Meta's 'Year of Efficiency' was everything Wall Street needed to hear from Zuckerberg
Meta shares rallied after the company reported better-than-expected revenue and told investors that it's getting more efficient.
Chip stocks rally on optimistic AMD earnings and Fed's signal that inflation is easing
Chip stocks like NVIDIA, Qualcomm and Broadcom were boosted after the Federal Reserve rose the federal funds rate by 0.25 percentage point on Wednesday.
Meta lost $13.7 billion on Reality Labs in 2022 as Zuckerberg's metaverse bet gets pricier
In its first full year as a separate business, Meta's Reality Labs unit racked up huge costs, bringing its total operating loss to $13.72 billion.
Intel execs make small cut to their overall compensation after a disastrous quarter
Intel CEO Pat Gelsinger will take a 25% base pay cut days after the company reported weak earnings, with executives down the line facing pay cuts as well.
Snap shares tumble 10% following disappointing fourth-quarter report
Shares of Snap tumbled after the company released disappointing earnings for the third quarter in a row.
Samsung launches new Galaxy S23 smartphone lineup with improved camera, gaming capabilities
Samsung launched its new Galaxy S23 smartphone lineup Wednesday. The S23 will go head-to-head with Apple's iPhone 14.
Britain sets out plans to regulate crypto industry in wake of FTX collapse
In December, a U.K. minister suggested FTX's failure had reinforced the need for urgent crypto regulation. Now, the government has unveiled its plans.
Meta acquisition of Within reportedly approved by court in loss for FTC
The FTC sued to block Meta's acquisition of Within in July, arguing Meta was using the deal "to buy its way to the top," rather than compete on its own merits.
'God bless Elon Musk': Top Republican lauds Twitter owner ahead of key hearing
House Oversight Committee Chair James Comer will lead the first major congressional hearing on Twitter since Republicans took control of the House.
Amazon cited by Labor Department for second time in a month over warehouse injuries
Federal safety inspectors found workers at three Amazon facilities were exposed to unsafe conditions and ergonomic hazards.
Google is asking employees to test potential ChatGPT competitors, including a chatbot called 'Apprentice Bard'
Google is testing chatbots similar to ChatGPT that use its LaMDA technology, as well as new search page designs that integrate the technology.
ChatGPT maker OpenAI comes up with a way to check if text was written by a human
OpenAI, the maker of chatbot ChatGPT, acknowledges that its tool for spotting synthetic text does make mistakes. It wants input from teachers and parents.
Indonesia's seafood farming industry faces a 'technology gap' — and startups are raising big bucks to fill it
"A lot of decisions made are based on gut feeling or what ancestors have been doing for the past 60 years," says one startup's co-founder and CEO.
Why AMD is faring much better than Intel in the same tough economy
Neither chipmaker gave full-year guidance, citing economic uncertainty, but the stock market is reflecting how the two companies are diverging.
Amazon layoffs hit workers in robotics, grocery, health and AWS divisions
Amazon earlier this month began a fresh round of job cuts as part of widespread layoffs that are expected to total 18,000.
Snap shares plunge on weak revenue as digital ad struggles continue
Snap missed on revenue in its fourth-quarter earnings report and the company said revenue in the first quarter is likely to drop.
AMD beats on sales and profit but warns of a 10% revenue decline in Q1
AMD reported earnings as many of its rival chipmakers have stumbled in recent weeks, citing lower consumer demand for finished electronics.
Workday cuts about 525 jobs but says it's not the result of overhiring
Cloud software provider Workday layoff hits 3% of its employees, but co-CEOs told the remaining staff that the company would continue to hire.
Meta technology chief Bosworth implies company has lost focus
Meta technology chief Andrew "Boz" Bosworth is wistful for the days when Facebook was a startup and had a clearer focus.
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