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Meta has laid off about 1,500 employees from its Reality Labs division, which focuses on virtual and augmented reality. This move signals a shift in strategy as the company reallocates resources from metaverse projects to developing AI technologies and wearables. The layoffs reflect ongoing challenges in monetizing its VR and AR initiatives, emphasizing the urgency for Meta to pivot toward more profitable ventures.
Latest News
| Title | Published |
|---|---|
Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway Warren Buffett ended his multi-decade run as the CEO of Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) at the end of 2025. Things will look different for the conglomerate in 2026, including how much the CEO is paid. Berkshire Hathaway New CEO Gets Pay Raise New CEO Greg Abel, who takes over from Buffett after serving in leadership roles for Berkshire's energy and non-insurance businesses, has big shoes to fill. Replacing the legendary investor known to many as the "Oracle of Omaha" will be no easy | about 3 hours ago |
Reddit Stock Slips As Analyst Warns Of 'Mixed' Ad Feedback Reddit stock slumped Thursday after RBC Capital Markets said it received mixed feedback from ad agencies about the company's advertising performance. In a client note, RBC analyst Brad Erickson said check-ins with small- and medium-sized business ad agencies were positive for digital advertising leaders Meta Platforms and Google parent Alphabet. For Reddit, "feedback was challenging," Erickson wrote. | about 4 hours ago |
Reddit stock falls after RBC cites challenging SMB ad checks Investing.com -- Reddit (NYSE:RDDT) stock fell 6% Thursday following a report from RBC analyst Brad Erickson that highlighted "challenging" feedback from small and medium-sized business (SMB) ad agency checks for the social media platform. | about 4 hours ago |
3 Technology Stocks to Sell in 2026 The S&P 500 Information Technology Index is down -1.75% year to date and -2.53% over the past month, signaling a sketchy outlook for tech stocks in 2026, though not for all big sector names. As usual, artificial intelligence, especially in the software realm, is using up most of the tech industry’s oxygen. “There’s a lot of optimism around AI, but also a lot of hype,” said Anthony Saglimbene, chief market strategist at Ameriprise, in a recent research note. “2026 will be more about the proof of | about 4 hours ago |
Advanced Micro Devices Making 'Solid' Progress in AI GPU Market, RBC Says Advanced Micro Devices (AMD) is making solid progress in the AI graphics processing unit market acro | about 5 hours ago |
Broadcom AI Revenue Growth May See Upside Potential; Faces Margin Pressure, RBC Says Broadcom AI Revenue Growth May See Upside Potential; Faces Margin Pressure, RBC Says | about 5 hours ago |
TSMC Earnings Don’t Tell What You Really Need to Know About the AI Boom Taiwan Semiconductor the world’s biggest contract chip manufacturer, just provided a big boost to the artificial intelligence investment story. TSMC also said revenue is likely to rise by around 20%, thanks in part to soaring AI demand from its biggest customers. AI hyperscalers such as Microsoft Alphabet Amazon and Oracle as well as megacap tech peers such as Meta Platforms are projected to spend another $527 billion on infrastructure projects this year, according to Goldman Sachs. | about 6 hours ago |
Buffett Refused A Raise For Decades, His Successor Earns 250x More To Lead Berkshire Hathaway
Warren Buffett ended his multi-decade run as the CEO of Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) at the end of 2025. Things will look different for the conglomerate in 2026, including how much the CEO is paid. Berkshire Hathaway New CEO Gets Pay Raise New CEO Greg Abel, who takes over from Buffett after serving in leadership roles for Berkshire's energy and non-insurance businesses, has big shoes to fill. Replacing the legendary investor known to many as the "Oracle of Omaha" will be no easy
Reddit Stock Slips As Analyst Warns Of 'Mixed' Ad Feedback
Reddit stock slumped Thursday after RBC Capital Markets said it received mixed feedback from ad agencies about the company's advertising performance. In a client note, RBC analyst Brad Erickson said check-ins with small- and medium-sized business ad agencies were positive for digital advertising leaders Meta Platforms and Google parent Alphabet. For Reddit, "feedback was challenging," Erickson wrote.
Reddit stock falls after RBC cites challenging SMB ad checks
Investing.com -- Reddit (NYSE:RDDT) stock fell 6% Thursday following a report from RBC analyst Brad Erickson that highlighted "challenging" feedback from small and medium-sized business (SMB) ad agency checks for the social media platform.
3 Technology Stocks to Sell in 2026
The S&P 500 Information Technology Index is down -1.75% year to date and -2.53% over the past month, signaling a sketchy outlook for tech stocks in 2026, though not for all big sector names. As usual, artificial intelligence, especially in the software realm, is using up most of the tech industry’s oxygen. “There’s a lot of optimism around AI, but also a lot of hype,” said Anthony Saglimbene, chief market strategist at Ameriprise, in a recent research note. “2026 will be more about the proof of
Advanced Micro Devices Making 'Solid' Progress in AI GPU Market, RBC Says
Advanced Micro Devices (AMD) is making solid progress in the AI graphics processing unit market acro
Broadcom AI Revenue Growth May See Upside Potential; Faces Margin Pressure, RBC Says
Broadcom AI Revenue Growth May See Upside Potential; Faces Margin Pressure, RBC Says
TSMC Earnings Don’t Tell What You Really Need to Know About the AI Boom
Taiwan Semiconductor the world’s biggest contract chip manufacturer, just provided a big boost to the artificial intelligence investment story. TSMC also said revenue is likely to rise by around 20%, thanks in part to soaring AI demand from its biggest customers. AI hyperscalers such as Microsoft Alphabet Amazon and Oracle as well as megacap tech peers such as Meta Platforms are projected to spend another $527 billion on infrastructure projects this year, according to Goldman Sachs.