Facebook President Mark Zuckerberg announced Thursday that the parent company’s name has been changed to “Meta” to represent a future beyond its troubled social network. Chris Delmas | AFP | Getty Images Facebook announced on Wednesday its decision to reverse a long-standing policy that has prevented most cryptocurrency companies from displaying ads on their services. … Read more
CEOs and corporate insiders sold a record $69 billion in stock in 2021, as looming tax increases and rising stock prices encourage many to reap profits. From Microsoft’s Satya Nadella to Jeff Bezos and Elon Musk, CEOs, founders, and insiders have been cashing in their stock at an all-time high. As of Monday, insider sales … Read more
David Marcus, head of Facebook Financial, or F2, testifies about Facebook’s proposed digital currency formerly known as Libra, during a Senate Banking and Urban Affairs Committee hearing on Capitol Hill in Washington, DC, on July 16, 2019. Renamed Cryptocurrency Diem in December 2020. Saul Loeb | AFP | Getty Images David Marcus, head of crypto … Read more
Apple CEO Tim Cook attended the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Deitch | Getty Images Apple shares rose more than 2% on Tuesday as shares tumbled on concerns about the new omicron Covid variant, showing that investors see the company as a safe haven during … Read more
An American Airlines plane lands at Ronald Reagan Washington National Airport on November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images Check out which companies are making the headlines at midday Tuesday. American Airlines, Norwegian Cruise Line — Travel stocks fell, as investors continued to assess risks from the Covid-Omicron variant. American Airlines … Read more
Visitors look at an immersive art installation titled ‘A Hallucinogenic Space: Metaverse’ by Refik Anadol at the Asia Digital Art Gallery in Hong Kong, October 3, 2021. Lam Yik | Bloomberg | Getty Images When Facebook announced that it had changed its company name to Meta, the virtual world known as the metaverse suddenly got … Read more
Facebook CEO Mark Zuckerberg speaks during a live virtual and augmented reality conference to announce Facebook’s name change to Meta, in this screenshot taken from a video released October 28, 2021. Facebook | via Reuters The UK’s competition watchdog has told Facebook’s mother, Meta, that it should sell GIF-sharing platform Giphy. The Competition and Markets … Read more
Invesco signs are displayed on a screen on the floor of the New York Stock Exchange. Michael Nagel | Bloomberg | Getty Images Despite threats from inflation, the Covid-19 virus and central bank policy, stock investors won’t fear much in the coming years, according to Invesco portfolio manager Randall Dishmon. .