The bizarre cage match challenge between tech tycoons Elon Musk and Mark Zuckerberg just got a little stranger.
26.07.2023 - 20:35 / deadline.com
Meta’s revenue beat estimates in the second quarter, rising by 11% to $32 billion, as the company also touted investments in its Twitter rival, Threads, as well as in new AI products.
Net income rose 16% to $7.79 billion, while the company reported $2.98 per share in earnings, from $2.46 in the same period a year earlier. Estimates of earnings per share had been $2.91.
Facebook daily active users were 2.06 billion in June, an increase of 5% year over year.
The company also gave a positive outlook for the third quarter, with revenue in the range of $32 billion to $34.5 billion.
Meta said that total costs and expenses grew 10% to $22.6 billion, with legal expenses of $1.87 billion recorded during the quarter and $780 million in restructuring charges.
The company also forecast further expense growth into 2024 as it invests in AI and the metaverse.
Meta CEO Mark Zuckerberg said in a statement that they “continue to see strong engagement across our apps and we have the most exciting roadmap I’ve seen in a while.” He cited Threads and AI, as well as Reels, Llama 2 and the launch of Quest 3 in the fall.
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The bizarre cage match challenge between tech tycoons Elon Musk and Mark Zuckerberg just got a little stranger.
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Grimes has some thoughts on who would win in a cage fight battle between her on-off partner, Elon Musk, and Facebook creator and Meta founder Mark Zuckerberg. The 35-year-old singer, whose real name is Claire Elise Boucher, speaks to about the proposed match between the two tech moguls. Noting that she «thinks» the match will actually happen, Grimes says of her ex, «Elon is very strong, but Zuck seems like he’s been training a ton.»While she's under the impression that a match will happen, Grimes says she'd «prefer that it didn't.»«I love gladiatorial matches, but watching the father of your children in a physical fight is not the most pleasant feeling,» she admits.
Grimes believes Elon Musk and Mark Zuckerberg will face off in the ring.
Elon Musk and Mark Zuckerberg will have to be postponed. The Tesla founder shared an update about recent health issues, revealing that he will be getting an MRI on his “neck & upper back tomorrow,” which means he might need to undergo surgery and will not be able to go against the Meta CEO.The update comes after Mark explained that he was “ready” to fight Elon, but didn’t expect it to be soon, as there had yet to be a confirmed date.
Mark Zuckerberg is firing back at Elon Musk and throwing some jabs at the X, formerly known as Twitter, owner after he announced their fight would be live-streamed on the aforementioned platform.
Nick Viall is spilling the beans on his “Special Forces: World’s Toughest Test” co-star Tom Sandoval.
Mark Zuckerberg has quite the appetite!The Facebook founder took to Threads — his latest social media platform — where he replied to a post from McDonald's asking if their followers wanted anything from the famous fast-food chain.«20 nuggets, a quarter pounder, large fries, Oreo McFlurry, apple pie, and maybe some side cheeseburgers for later?» Zuckerberg replied, giving followers a look at his huge Mickey D's order.MMA fighter, Mike Davis jokingly chastised Zuckerberg's order, reminding the tech CEO that he's currently in training for his reported fight with Elon Musk.«You’re in camp! No Mcdonalds
Sinclair Inc. reported an 8% year-over-year drop in total revenue to $768 million in the second quarter as losses widened and the company declared a newly intensified focus on unlocking “hidden value.”
Meta CEO and Facebook creator Mark Zuckerberg took time off from managing his social media empire to get a dose of some good ole’ Taylor Swift.
Elon Musk and Grimes might be giving love a second chance. The 35-year-old singer and the 52-year-old billionaire were spotted together in Italy, enjoying some quality time with their sons.
Todd Spangler NY Digital Editor Meta turned in a healthy 11% uptick in revenue for the second quarter of 2023, topping Wall Street expectations and signaling the social giant’s ad business is recovering after last year’s doldrums. The parent company of Facebook and Instagram posted revenue of $32.0 billion and net profit of $7.79 billion ($2.98 per share), up 16%. On average, analysts expected revenue of $31.12 billion and earnings per share of $2.91, according to Refinitiv data.
Elon Musk‘s company took the @X handle, turning it into the official new handle for the social media company X, formerly known as Twitter.
The House Judiciary Committee has scheduled a vote for Thursday on whether to cite Meta’s Mark Zuckerberg with contempt of Congress. claiming that he has failed to comply with a subpoena.
Twitter is officially being rebranded as X and the logo has now changed on the website.
Elon Musk is making yet another change to his social media platform.
Todd Spangler NY Digital Editor Amid deep concerns about the risks posed by artificial intelligence, the Biden administration has lined up commitments from seven tech companies — including OpenAI, Google and Meta — to abide by safety, security and trust principles in developing AI. Reps from seven “leading AI companies” — Amazon, Anthropic, Google, Inflection, Meta, Microsoft and OpenAI — are scheduled to attend an event Friday at the White House to announce that the Biden-Harris administration has secured voluntary commitments from the companies to “help move toward safe, secure, and transparent development of AI technology,” according to the White House.