Meta's market value just dropped by more than most companies are worth
CNN
Meta Platforms, the company formerly known as Facebook, is on pace for what would be the worst trading day in its history as a public company.
The company's shares were down as much as 26% as of midday Thursday, shaving off about $225 billion from its market value, after a rough earnings report released after trading hours on Wednesday.
Not only did Meta (FB) report a rare and worse-than-expected profit decline during the final three months of last year, it laid out a series of challenges to its core advertising business and revealed for the first time just how much money it's losing on its shift to the metaverse. The company also reported a slight-but-striking decline in daily active Facebook users in the United States and Canada from the prior quarter.
A suspect has been arrested after a fire tore through Beth Israel, the only synagogue in Jackson, Mississippi, on Saturday, leaving the congregation forced to rebuild from the ashes — again.
The Smithsonian has taken down details about President Donald Trump’s impeachments from an exhibition at the National Portrait Gallery,
President Donald Trump is weighing a series of potential military options in Iran following deadly protests in the country, two US officials told CNN, as he considers following through on his recent threats to strike the country should they use lethal force against the Iranian people.
Nationwide outcry over the killing of a Minneapolis woman by an Immigration and Customs Enforcement agent spilled into the streets of cities across the US on Saturday, with protesters demanding the removal of federal immigration authorities from their communities and justice for the slain Renee Good.
Since early December the US Coast Guard and other military branches have boarded and taken control of five oil ships that had previously been sanctioned, all either accused of being in the process of transporting Venezuelan oil or on their way to take on oil that has been subject to US sanctions since President Donald Trump began a pressure campaign against the leadership of the country during his first term.
This high school sophomore is aiming for a Supreme Court upset in transgender sports case
A Virginia man accused of plotting with his family’s au pair to kill his wife and another man, who had been lured to the home via a sexual fetish website, is set to face trial this week.
Miami’s exile politics forged Marco Rubio’s worldview. Now they’re shaping Trump’s foreign policy.
The Norwegian Nobel Institute said the Nobel Peace Prize cannot be transferred, shared, or revoked, following remarks by Venezuelan opposition leader María Corina Machado suggesting she might give her 2025 award to US President Donald Trump.
In every city where President Donald Trump’s immigration agents have arrived in force, they’ve been trailed by people who seek to monitor or protest their activities, often in close quarters.
A lot of questions remain following the unprecedented US attack in Venezuela and the capture of Nicolas Maduro. For Venezuelans, both inside the country and abroad, it’s been a mix of emotions and a sense of uncertainty over what comes next.
Two months ago, President Donald Trump and his allies ridiculed Trump’s opponents for their massive “No Kings” rallies. They cast it as melodramatic to compare Trump’s actions and aims to a king.
A federal judge on Friday blocked President Donald Trump’s administration from enforcing most of his executive order on elections against the vote-by-mail states Washington and Oregon, in the latest blow to Trump’s efforts to require documentary proof of citizenship to vote and to require that all ballots be received by Election Day.