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Jim Cramer Says Meta’s Spending “Hasn’t Been Explained Well”
Insider Monkey35d agoneutral
Jim Cramer Says Meta’s Spending “Hasn’t Been Explained Well”

Meta Platforms, Inc. (NASDAQ:META) was among the stocks on Jim Cramer’s Mad Money radar as he taught investors how to profit from the upcoming wave of takeovers. Cramer noted how people view the stock, as he said: Third, Meta, down 11% this month. Meta is going out of style because it’s now viewed as nothing […]

Australian prime minister condemns delay of changes to child social media ban
Associated Press35d agoneutral
Australian prime minister condemns delay of changes to child social media ban

Australian Prime Minister Anthony Albanese on Friday condemned senators who blocked changes to a world-first social media ban for children, saying tech giants would use the delay to destroy incriminating documents that could be used as evidence against them. The government this week introduced to Parliament amendments aimed at increasing powers of the eSafety Commissioner Julie Inman Grant, Australia’s online safety watchdog, to enforce the ban on Australian children younger than 16 from holding accounts on platforms including Facebook, Instagram, and YouTube that has been in place since December. The amendments would have given Inman Grant power to demand documents as well as information from platforms about their efforts to exclude young children.

Why Dell (DELL) Shares Are Plunging Today
StockStory35d agoneutral
Why Dell (DELL) Shares Are Plunging Today

Shares of computer hardware and IT solutions company Dell (NYSE:DELL) fell 8.6% in the afternoon session after AI-linked stocks pulled back amid fears that AI-driven chip demand may be cooling.

Reuters36d agoneutral
Crusoe in talks to raise $3 billion funding, Bloomberg News reports

AI data center startup Crusoe is in talks to raise about $3 ‌billion in a funding round that ‌may triple its valuation, Bloomberg News reported on Thursday, ​citing people familiar with the situation. The startup has contracts to supply AI computing power for the likes of Meta and Oracle, the report ‌said, as technology ⁠giants spend billions of dollars on data centers to meet the massive ⁠computing requirements for GenAI. The startup, which builds ‌and operates the type of large data centers that power AI systems, is still in active talks on the round, and a final valuation has not been set, according to ‌the Bloomberg report.

Chip Stocks Tumble Again
The Wall Street Journal36d agobearish
Chip Stocks Tumble Again

American employers added 57,000 new jobs last month, the Labor Department said Thursday. Memory stocks were particularly hard hit, with Sandisk falling 14.1% and Samsung Electronics declining 9.1% overnight.

Exclusive-Zuckerberg says AI agent tech is developing more slowly than expected
Reuters36d agoneutral
Exclusive-Zuckerberg says AI agent tech is developing more slowly than expected

Meta Chief Executive Mark Zuckerberg told an internal town hall on Thursday that AI agent ‌development over the last four months had not "accelerated in the way we expected," ‌according to a recording heard by Reuters. Zuckerberg added that a company reorganization that included major job cuts was ​not as "clean" as it could have been and that executives had miscalculated on the timing of the changes. Conversations he was having "with our top people" when they started planning the restructuring in January and February "were that they were worried that we weren't going to move fast enough ‌to adapt," Zuckerberg said.

Meta just picked a fight with Amazon's cash cow
TheStreet36d agoneutral
Meta just picked a fight with Amazon's cash cow

Wall Street does not punish companies for spending money. It punishes them for spending money without a story. Give investors a believable path from this year's bills to next year's profits and they will forgive almost any number on the capital expenditure line. Take that story away, and every ...

Mark Zuckerberg Almost Made a Disastrous Acquisition. Walking Away From Kalshi May Have Been His Best Bet of 2026.
24/7 Wall St.36d agoneutral
Mark Zuckerberg Almost Made a Disastrous Acquisition. Walking Away From Kalshi May Have Been His Best Bet of 2026.

Mark Zuckerberg just dodged a bullet. Zuckerberg, whom speculators give 32% odds of becoming the next trillionaire, came eerily close to steering Meta Platforms (NASDAQ:META) into one of the most legally and ethically fraught corners of consumer tech. According to NPR reporting from June 30, Zuckerberg personally floated an acquisition of prediction market platform Kalshi. ... Mark Zuckerberg Almost Made a Disastrous Acquisition. Walking Away From Kalshi May Have Been His Best Bet of 2026.

Jim Cramer Says He ‘Doesn’t Know How to Trust’ the Jobs Report. He Has a Point
24/7 Wall St.36d agoneutral
Jim Cramer Says He ‘Doesn’t Know How to Trust’ the Jobs Report. He Has a Point

On CNBC’s Squawk on the Street this morning, Jim Cramer looked at the June jobs data and told Carl Quintanilla he cannot square what he is reading with what he is seeing. June payrolls printed +57,000, roughly half of consensus, while the unemployment rate ticked down to 4.2%, a one-year low. For Cramer, the location ... Jim Cramer Says He ‘Doesn’t Know How to Trust’ the Jobs Report. He Has a Point

Price Prediction: Meta Stock Will Hit $900 on This Date
24/7 Wall St.36d agoneutral
Price Prediction: Meta Stock Will Hit $900 on This Date

Meta Platforms (NASDAQ:META | META Price Prediction) is the AI story hiding in plain sight. The stock trades at $612.91, down 6.99% year to date, while the underlying business just posted 33% revenue growth and a 41% operating margin. Mark Zuckerberg told investors “we are on track to build a leading lab” after releasing Muse ... Price Prediction: Meta Stock Will Hit $900 on This Date