What AI spending slowdown? Meta’s chief executive is more bullish than ever on his plans, which should reassure investors who must pour billions more into the neocloud.
Friday was supposed to be a special day for Firmus and its founders, Oliver Curtis and Tim Rosenfield, as the neocloud data centre giant made its glorious entrance onto the ASX.
That dream is dead, of course, and the entire data centre sector has taken a valuation haircut of between 30 per cent and 40 per cent in the past two weeks.
Gift articles to anyone you choose each month when you subscribe.
Compare how 6 other independent news outlets reported on this story.
Kathmandu. To reduce potential financial damage from billionaire taxes, Facebook's parent company Meta has agreed to give Chief Executive Officer Mark Zuckerberg additional shares. Meta has found s...
More than 10 million people have set up Meta’s Muse, and Meta had to ask Stripe to raise credit limits. Zuckerberg says profit comes later.
The trial of seven healthcare professionals accused of negligence in Maradona's death concludes, December verdict set.
A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should the measure be voted into law.
With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.
The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
