Meta is slashing its costs by another $4 billion, and investors are thrilled

Tech Insider
Meta Hacker Way
Meta said it would spend less in 2023 — and investors cheered big-time, sending the stock up nearly 19% in after-hours trade.

Justin Sullivan/Getty Images

Mark Zuckerberg's metaverse just keeps losing money, as Meta's Reality Labs division posts a loss of $13.7 billion for the year

Tech Insider
virtual reality
Reality Labs, which is Meta's division focused on the metaverse, posted a loss of $4.28 billion this quarter.

Meta

Snap plunges 11% on ugly earnings and analyst warnings that 'issues are intensifying' at the social media company

Tech Insider
Snapchat 1
Snapchat announced on Monday it plans on introducing mid-roll ads in select Snap Stars' public stories.

NurPhoto / Getty Images

The US stocks rally is driven by optimism that things are 'not as bad as feared,' but this may not last, Wells Fargo strategist warns

Tech Insider
A big screen display of stock prices hangs behind traders working at the New York Stock Exchange NYSE.
A big screen display of stock prices hangs behind traders working at the New York Stock Exchange NYSE on May 9, 2022.

Michael Nagle/Xinhua via Getty Images

Elon Musk reiterates his belief that Tesla will 'be the most valuable company on earth' amid record quarter for the EV maker

Tech Insider
The Tesla Cybertruck, Roadster, and Elon Musk.
The Tesla Cybertruck, Roadster, and Elon Musk.

Tesla; Andrew Kelly/Reuters

'The right strategic poker move': Here's what Wall Street is saying about Tesla's 4th-quarter earnings report

Tech Insider
Elon Musk making a grimace and pointing a finger.
Elon Musk.

Frederic Brown/Getty Images

Recession is almost a given, and Biden's team 'don't know what they are talking about' as they play down the risk, Santa Lucia investment chief says

Tech Insider
US recession
Investors should brace themselves for an almost certain recession this year, according to the chief investment officer of Santa Lucia Asset Management.

Alexander Spatari/Getty Images

US stocks rise as GDP data and Tesla earnings come in better than expected

Tech Insider

trader nyse
A trader works on the floor of the New York Stock Exchange January 6, 2014.

REUTERS/Brendan McDermid

CEO Satya Nadella prepares Microsoft for an epic bounce-back

Tech Insider

Happy Friday eve, reader. I'm Diamond Naga Siu, and I love talking about careers. One of my favorite pieces of advice is that you don't really switch jobs — you switch managers. That's a big deal, because a lot of people apparently dislike their managers.

Elon Musk is gung-ho on Tesla sales hitting 2 million after price cuts, but a Wedbush analyst says it's having to 'sacrifice margins for volumes'

Tech Insider
Tesla Motors CEO Elon Musk speaks to the media next to its Model S in Hong Kong on January 25, 2016.
Tesla CEO Elon Musk.

Nora Tam/South China Morning Post via Getty Images

Subscribe to Earnings