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 woman who flew as a stowaway on a Delta Air Lines flight from New York to Paris earlier this week remains in France after causing a disturbance on a flight scheduled to take her back to the United States Saturday, according to two law enforcement sources.
Donald Trump’s choice of Pete Hegseth to run the Defense Department is in jeopardy amid questions from some key GOP senators over whether he’s fit for the job, forcing the president-elect’s team to maneuver behind the scenes to avoid a second Cabinet pick from collapsing amid a Republican revolt.
Kash Patel, President-elect Donald Trump’s pick to run the FBI, was recently informed by the bureau that he had been targeted as part of an Iranian hack, two sources familiar with the matter told CNN.
Chad Chronister, a Florida sheriff, has withdrawn from consideration as President-elect Donald Trump’s pick to lead the Drug Enforcement Administration, he announced on Tuesday.
Defense lawyers for President-elect Donald Trump are using President Joe Biden’s pardon of his son Hunter to argue that Trump’s conviction in his Manhattan hush money case should be dismissed.
Donald Trump’s transition team has signed a Memorandum of Understanding with the Justice Department, paving the way for the team to seek FBI background checks on the president-elect’s appointees.
A California man who allegedly confessed to helping the North Korean regime prepare for an attack on South Korea was arrested by the FBI on Tuesday in what federal investigators described as a “sophisticated scheme” to illegally obtain restricted weapons and military grade technology.
The Supreme Court will dive headfirst into the politically fraught issue of transgender rights on Wednesday when it hears a challenge to Tennessee’s ban on gender-affirming care for minors in the highest-profile case of the fall.
Supreme Court majority appears skeptical of allowing Holocaust survivors to sue Hungary in US courts
A majority of the Supreme Court on Tuesday appeared skeptical that Holocaust victims and their families are permitted to haul Hungary into American courts to recover property stolen during World War II, with several justices fearing that would open the United States up to a flood of similar litigation from abroad.
US officials are still trying to help major telecom providers evict Chinese government-backed hackers from their networks and don’t have a timeline for when that will be done, officials said Tuesday.
Democrats left fuming over Biden’s decision to pardon his son — after he repeatedly said he wouldn’t
President Joe Biden’s decision to pardon his son has left some Democrats fuming over his choice to repeatedly and unequivocally claim that he would never take that step, even though a pardon long appeared possible to Hunter Biden’s legal team.