Meta Platforms Shares Surge on Cost Cuts, Stock Buyback

Business Shares of social media companies are on pace for the largest percentage increase in nearly a decade

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

Meta Results Are Mixed But the Stock Is Soaring on Expense Cuts

Text size A Meta employee demonstrates the Meta Quest Pro VR Headset in Las Vegas in January. Robyn Beck/AFP/Getty Images Meta Platforms shares spiked in late trading Wednesday after the company disclosed fourth quarter financial results and announced a new round of cuts to its 2023 spending plan. In another shareholder friendly move, the Facebook … Read more

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

Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for the first time and sales guidance quells fears

Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta Meta, +2.79% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion … Read more

Here’s What’s Next for Bed Bath & Beyond as Bankruptcy Looms and Stores Close – The Wall Street Journal

Here’s What’s Next for Bed Bath & Beyond as Bankruptcy Looms and Stores CloseThe Wall Street Journal Bed Bath & Beyond Starts Emptying StoresBloomberg Markets and Finance Exclusive: Bed Bath & Beyond preparing to file bankruptcy as soon as this weekReuters Bed Bath & Beyond’s Woes Prompt Landlords to Line Up New TenantsThe Wall Street … Read more

Rout in Adani Stocks, Bonds Continues; Conglomerate Trades Barbs With Short Sellers

Markets India’s Adani Group issues 413-page response to Hindenburg Research’s allegations

Salesforce Can Bid Aloha to Big Deals – The Wall Street Journal

Salesforce Can Bid Aloha to Big DealsThe Wall Street Journal Salesforce Board Of Directors: Who’s In, Who’s Out, Who Stays After Elliott StakeCRN If Salesforce Sells Slack, It Could Get Half the $28 Billion It PaidBusiness Insider Elliott Management shakes up the Salesforce board of directorsYahoo Finance Meet The New Salesforce Board Members After Elliott … Read more

Upstart Indian Shipper Helps Get Russian Oil to Market

World Gatik Ship Management, which took control of 25 tankers after the invasion of Ukraine, now shuttles Russian crude along new trade routes

Lucid Stock Soars. Here’s What’s Happening.

Lucid stock was soaring Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired. Lucid (LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.80, before being halted just before 1 pm It has since given back some of those gains, and was up 48% … Read more