Meta, the company behind Facebook, Instagram, and WhatsApp, reported a 35% increase in quarterly profits. This boost is mainly due to strong advertising revenue and their push into artificial intelligence (AI). However, they warned about big spending on infrastructure for AI next year. Meta makes m
Tesla's Full Self-Driving (FSD) software package has been gaining popularity, especially after the Cybertruck reveal. Analysts predict that the company will soon see nearly $1 billion in deferred revenue from FSD over the next year. Recently, Tesla recognized $326 million from FSD in the past quarte
In a big leap, Reddit's shares surged by 22% in after-hours trading. The reason? The company's third-quarter earnings report was a hit, with profits jumping way higher than expected. Let's break it down. Reddit made 16 cents per share, while people were expecting a loss of 7 cents. That's a big dea
IBM's stock took a dip in after-hours trading on Wednesday, slipping around 3%. The reason? The tech giant didn't quite meet Wall Street's expectations for quarterly revenue. Let's dive into the details. IBM reported earnings per share of $2. 30, just a touch higher than the $2. 23 analysts had pre
China has big plans for space exploration, stretching all the way to 2050. This includes a mission to grab a piece of the Venusian atmosphere. The Chinese Academy of Sciences, China National Space Administration, and China Manned Space Engineering Office announced these plans together. Their goal is
Have you tried signing up for Disney Plus or Hulu through your iPhone lately? Well, you’re out of luck! Both streaming services have halted new or returning subscriptions through Apple. If you’re not currently a subscriber and want to join, you'll need to do it through their websites instead. Curiou
Imagine the Trump family getting a massive 75% of the revenue from a new crypto coin project. It’s like they’ve hit the jackpot! The project, called World Liberty Financial, launched this week with a big promise. They plan to raise $300 million by selling tokens worth $1.5 billion. But here’s what’s
Imagine you're launching a new crypto project. Who do you think would get the majority of the profits? In the case of Donald Trump's World Liberty Financial, it's his family. They're set to receive 75% of the net revenue from the project. This is according to a 13-page document called the "World Lib
Imagine a giant LED-lit dome standing tall in Abu Dhabi. The city's Department of Culture and Tourism just teamed up with Sphere Entertainment to build the world's second Sphere. This massive entertainment venue, first opened in Las Vegas, will now have a twin in the UAE's capital. It's a big deal,
Bank of America had a pretty good quarter! They beat what experts expected by making more in profit and revenue. Here are the stats they shared: Earnings: 81 cents, while analysts said 77 cents Revenue: $25.49 billion, just over the $25.3 billion guess But the story isn't all sunshine and rainbows.
