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Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence
Tech - ABC News - October 30
Meta’s Next Llama AI Models Are Training on a GPU Cluster ‘Bigger Than Anything’ Else

The race for better generative AI is also a race for more computing power. On that score, according to CEO Mark Zuckerberg, Meta appears to be winning.
Tech - Wired - October 31
Meta's stock drop tells the wrong story on earnings — so, we're boosting our price target

Don't let the after-hours stock action fool you, Meta delivered one heck of a strong quarter and rosy revenue guidance.
Business - CNBC - October 31
Samsung falls short of expectations as chipmaker fails to reap AI benefits

Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix
World - Financial Times - October 31
Donald Trump and the autocrats' playbook

‘This is a man who should be nowhere near power’
World - Financial Times - October 31
UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing
World - Financial Times - October 31
Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts
World - Financial Times - October 31
FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result
World - Financial Times - October 31
Making sense of sentiment

And Trump equity trades
World - Financial Times - October 31
Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory
World - Financial Times - October 31
Meta's Threads micro-blogging app now has 275 million monthly users, Zuckerberg says

Threads, Meta's rival to Elon Musk's X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday.
Business - CNBC - October 31
South Korea fines Meta $15 million for illegally collecting information on Facebook users

South Korea’s privacy watchdog has fined Meta 21.6 billion won for illegally collecting Facebook users’ sensitive personal information, including data about their political views and sexual ...
Tech - ABC News - November 5
Meta slashes EU Facebook and Instagram subscription fees by 40% to meet regional regulatory demands

Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for EU users to comply with regulatory demands in the region.
Business - CNBC - Yesterday
Team Meta? Team Alphabet? A noted tech analyst weighs in and so does Jim Cramer

Cramer sees merit in MoffettNathanson's buy calls on Alphabet and Meta.
Business - CNBC - Yesterday
TSMC CEO says AI is not in a bubble and its growth is for real

the chief executive of contract manufacturer Taiwan Semiconductor Manufacturing Co. says the artificial intelligence revolution is for real.
Business - MarketWatch - October 17
Salesforce CEO Marc Beinoff slams Microsoft Copilot as ‘Clippy 2.0’

Fighting words? Salesforce co-founder and CEO Marc Benioff took to his personal X account last night to criticize Microsoft's AI assistant.
Tech - VentureBeat - October 17

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