Meta (META) CEO says a trajectory change in the ad business occurred due to the Iran conflict, which has impacted consumer spending on discretionary items; the planned layoffs is linked to the need to increased data centre spending, WSJ reports
Meta's CEO has highlighted a significant shift in the company's advertising trajectory, citing the Iran conflict as a factor affecting consumer spending, particularly on discretionary items.
S&P is considering index rule changes to speed up the addition of mega IPOs
Apple (AAPL) CFO guides Q3 revenue to grow between 14-17% Y/Y (exp. +9%) on supply constraints, gross margin between 47.5-48.5%, no longer targeting a net cash neutral position
Meta (META) CEO says a trajectory change in the ad business occurred due to the Iran conflict, which has impacted consumer spending on discretionary items; the planned layoffs is linked to the need to increased data centre spending, WSJ reports
Veeva (VEEV) is to replace Coterra Energy (CRTA) in the S&P500, effective May 7th
Iranian Foreign Ministry Spokesperson says that it is not responsible to expect a quick conclusion of the negotiations and that the other party has not used the opportunity provided by Iran's proposal, must be ready for any eventuality
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- Attributed the co.'s 8% share drop to investor concerns over increased capital expenditures and a forecast of slower Q2 growth.
This, combined with increased data center investments leading to planned layoffs, has raised investor concerns, contributing to an 8% drop in share price. Investors will likely be analyzing how these factors may influence Meta's Q2 growth outlook and overall profitability.
Related headlines
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 11 hours ago
- Meta (META) has acquired AI startup Stilla.ai to bolster its Meta Business Agent, which powers commerce across WhatsApp, Messenger, and Instagram, reports Axios9 hours ago
- Newsquawk Daily US Equity Opening News: DOW weighs exit from $20b Saudi chemicals venture; GOOG to invest $15bln in Finnish AI infrastructure12 hours ago
- US Midterm Update: Latest Polymarket pricing puts Democratic sweep at 50%; Republican midterm 2-day convention to start tonight9 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 3.02 HIGHER AT 96.05/BBL; BRENT (X6) SETTLES USD 3.29 HIGHER AT 101.21/BBL7 hours ago
- US President Trump says he thinks war with Iran will end immediately after the election7 hours ago
- US President Trump says after the election, oil prices will tumble lower; gasoline price will take a bit longer7 hours ago
- US Senator Slotkin says "We hear rumors that Trump is planning to allow Chinese cars to be sold in the U.S., as part of a larger deal"9 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS) Chairman Lee Jae-yong will purchase KRW 1.9trln worth of the Co.’s shares from his mother1 hour ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC's global pure-play wafer foundry market share reached a record 72.5% in Q2, up from 72.3% in Q148 min ago
- Newsqawk European Market Wrap - 9th September 202611 hours ago
- DoJ confirms it issues second request for Fox (FOX) and Roku (ROKU) merger with closing expected in H1 '27 12 hours ago
- NVIDIA (NVDA) is to build up to 2GW AI factories in Australia by 20271 hour ago
- Applied Materials (AMAT) CEO says services business is growing by more than 20% Y/Y and margins are up 180 bps, while packaging business is expanding by over 70% this year3 hours ago
- Supply chain reports indicate that NVIDIA (NVDA) is significantly increasing prices to secure probe card and test socket production capacity from major test interface vendors, reports DigiTimes6 hours ago
- Apple (AAPL) announces iPhone 18 Pro and iPhone 18 Pro Max; will be AI focused with new Siri AI working across apps 8 hours ago
- OpenAI's rogue agents used at least 10 additional sites for unauthorised communications9 hours ago
- US Treasury Secretary Bessent touts tax cuts, increased jobs, trade rebalance and Trump accounts in speech at RNC Midterm Convention1 hour ago
- Trump admin official says buyback increase of part of ongoing approach, reports Fox Business10 hours ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports13 hours ago
The whole workspace, free to try.
Try it free