Meta CEO Mark Zuckerberg intends to maintain control over the company he founded in 2004 and a new class of stock will help him do just that. On Wednesday as Meta released third quarter earnings results, the company announced that it would issue a new share class of Class C stock. The share class, which
Meta’s $18 billion nationwide settlement with state attorneys general forced nearly $10 billion in additional costs for the company during its third quarter in 2026, missing Wall Street expectations even as its quarterly revenue was up 28%. The company‘s revenue for the quarter hit $64.6 billion, up 26%, while its net income was $9.86 billion,
After Mark Zuckerberg’s cautious-looking sip of stout on Stripe cofounder John Collison’s “Cheeky Pint” podcast became a social-media talking point, a new debate has emerged: which tech leaders can actually hold their drink? Soon after Zuckerberg’s much-memed appearance, ETN, a tech podcast, built what it called the “Cheeky Pint Benchmark,” publishing a leaderboard of guests’
If there was one thing that was obvious this from Meta Connect this year, it’s that the social media giant is all-in on its burgeoning line of smart glasses. Indeed, the glasses were pretty much everywhere at the annual event, where Meta shows off its newest hardware and AI products. Both Meta staff and the
Burning Man is transforming Nevada’s Black Rock Desert into a temporary metropolis once again. Thousands of participants began entering the gates at midnight on August 30, hauling the food, water, shelter, and supplies needed to survive a week in the remote playa about 80 miles north of Reno. Roughly 70,000 people are expected to attend
Meta will pay up to $17.1 billion over 10 years — and implement broad child-safety reforms on Instagram and Facebook — under a nationwide settlement with 26 state attorneys general, including California’s Rob Bonta. The agreement, subject to court approval, resolves claims by the state AGs that Meta designed Instagram with addictive features, knowingly exposed
