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Meta's Metaverse losses, TikTok's ban, and Spotify's layoffs

Plus, shoppers in Asia are powering the global luxury industry

San-francisco , California , United-states , France , Greece , Athens , Attikír , Pennsylvania , French , Joe-biden , Meta-metaverse , Morgan-haefner

Mark Zuckerberg Faces $25B Wealth Drop As Big Tech Set for $350B Rout

Meta shares tumbled ahead of Thursday's opening bell, paving the way for a big chunk of Mark Zuckerberg's net worth to be erased.

Bill-gates , Facebook , Microsoft , Bloomberg , Elon-musk , News-feed , Big-tech , Finance , Ech , Inance , Ark-zuckerberg , Eta

Meta stock plummets 15% as company keeps losing money on Metaverse

The Facebook parent company beat earnings expectations but issued weak revenue guidance for the next quarter

Mark-zuckerberg , Facebook , Google , Wall-street , Metaverse , Eta , Ark-zuckerberg , Usiness , Inance , Aura-bratton , Esla , Actset

FTC votes to ban most noncompete agreements nationwide

The FTC has decided to ban all new noncompete agreements and most existing ones in the US after receiving thousands of comments overwhelmingly in favor of the...

United-states , Americans , Us-federal-trade-commission , Trade-commission , Ftc , Olicy , Usiness , Egulations , Orkplace , Ig-tech ,

Meta stock sinks 16% despite strong quarterly earnings beat

The Facebook parent's stock price sank as much as 12% after it reported earnings

Mark-zuckerberg , Google , Facebook , Wall-street , Meta , Eta , Usiness , Inance , F-meta , Esla , Actset , Pple

U.S. President Joe Biden signed a TikTok bill into law

Plus: A U.K. watchdog is scrutinizing AI deals.

Athens , Attikír , Greece , San-francisco , California , United-states , France , Pennsylvania , French , Meta-metaverse , Morgan-haefner , Joe-biden

Russia sentenced a Meta executive in absentia to six years in prison

Plus: Big Tech’s not-so-big profit momentum.

United-states , Russia , Norway , American , America , Elon-musk , John-deere , Robin-hayes , Morgan-haefner , Rocio-fabbro , Smucker-uncrustables , Jonathan-golub

Morning Bid: Tanking Tesla reports, Europe business beats

World markets have cheered up a bit this week, but ailing Tesla's tanking stock price faces a critical earnings test later on Tuesday and this month's European business pulse proved surprisingly racy. Relief at cooling Middle East tensions helped steady the ship on Monday after the worst week on Wall Street since 2022 - with bellwether chip giant Nvidia recouping some of Friday's 10% lunge as Big Tech megacaps get set to report first quarter updates over three days of a heavy earnings diary. First of the "Magnificent 7" vanguard stocks to report on Tuesday is electric vehicle behemoth Tesla, which is down a massive 43% for the year to date and off almost 60% over the past two years amid a brutal price war, waning EV demand worldwide and serial corporate governance and product questions.

United-states , Hong-kong , Japan , Texas , Switzerland , Germany , Philadelphia , Pennsylvania , United-kingdom , China , German , British

Stock Market Today: Tesla Kicks Off Magnificent 7 Earnings Season

Shares in Elon Musk's electric car maker have plummeted this year amid signs of a slowdown in demand.

Hargreaves-lansdown , Sophie-lund-yates , Terms-of-service , Visa , Nasdaq , Big-tech , Elon-musk , Magnificent-seven , Dow-jones-industrial-average , Markets , Arkets , Tocks

How to Get Phi-3-Mini: Microsoft's New, Affordable AI Model

Microsoft's pocket-sized LLM, Phi-3-Mini, is the first of three small models the company plans to release.

Microsoft , Google , Are-small , Artificial-intelligence , Ig-tech ,