The Business Times

Meta Platforms

Telcos, Media & Tech

Meta buried ‘causal’ evidence of social media harm, US court filings allege

Judge James Boasberg of the federal district court in Washington concluded that Meta faces sufficient competition from rivals TikTok and YouTube.
Telcos, Media & Tech

Meta wins major antitrust case as US judge rules no monopoly

Credit derivatives tied to Meta’s debt traded on Thursday (Oct 30), when the social media giant raised US$30 billion in the biggest US corporate investment-grade bonds offering of the year. That transaction comes after a US$27 billion private bond sale earlier this month to help fund a data centre in Louisiana that Meta will use and partly own. 
Technology

Credit derivatives on Meta start trading after big bond sales

Mark Zuckerberg’s US$29.2 billion drop is the fourth-largest one-day market-driven decline ever recorded by Bloomberg’s wealth index.
International

Zuckerberg drops two spots in billionaire ranks as Meta AI plans shake investors

Meta is infusing AI services into its key products, including Facebook and Instagram.
Telcos, Media & Tech

Meta sells US$30 billion of bonds as AI frenzy fuels record orders

Now that the staggering cost of this push is coming into sharper focus, it’s testing nerves on Wall Street.
Telcos, Media & Tech

Tech giants test investors’ patience with AI spending spree

Under the SPV structure, Meta is not borrowing the capital itself, the financing entity is.
Telcos, Media & Tech

Meta forecasts bigger capital costs next year, US$16 billion tax charge guts Q3 profit

Meta reorganised its AI efforts under Superintelligence Labs in June after senior staff departures and a poor reception for its open-source Llama four model.
Telcos, Media & Tech

Meta reported to be cutting around 600 roles in AI unit

Under the SPV structure, Meta is not borrowing the capital itself, the financing entity is.
Telcos, Media & Tech

Meta, Blue Owl seal US$30 billion private capital deal for AI

Meta's move to pick Google’s AI over its own in-house models underscores the issues the company has had with scaling AI technology, despite the billions of dollars it has spent on research, infrastructure and talent.
Telcos, Media & Tech

Meta in talks to use Google’s Gemini to improve ad business, The Information reports

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