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At Close: Jun 05, 2026
Commodities Soar As Ruble Routed, Tech Wrecked, & S&P Enters Correction Nasdaq is now down 5 straight days (and S&P down 4 straight) with today''s reflexive BTFD overnight gains ( Nasdaq was up 1.5% pre-open and ended down 2.5% ) evaporating as various headlines hit - all escalating tensions… Nasdaq is down 3.5% from last Friday''s (pre-Putin) close leading the rest of the majors lower. Notice that each time the algos tried to get us back to even from pre-Putin, a wave of selling hit... S&P in correction (down over 10% from its highs) and Small Caps - Russell 2000 - is in a bear market once again (down 20% from its highs)... Source: Bloomberg Mega-cap Tech, the FAAMG+T complex is now down almost 15% ytd with FB down 40%, TSLA down 25%, and MSFT down 15%. Source: Bloomberg Just a ''fleshwound'' right? S&P Breadth continues to weaken... Source: Bloomberg And Nasdaq breadth is a bloodbath!! The last time just 25% of Nasdaq companies traded above the 200DMA, the Nasdaq was 30% lower... Source: Bloomberg US corporate credit risk continues to surge...

Meta Platforms Shares Can Sink as It Avoids Renting Out Data Centers

08:36pm, Wednesday, 23'rd Feb 2022 InvestorPlace
InvestorPlace - Stock Market News, Stock Advice & Trading Tips FB stock could have a tough time as Meta Platforms lags behind other Cloud Czars in its approach to excess data center capacity. The post Meta Platforms Shares Can Sink as It Avoids Renting Out Data Centers appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” Get in Now on Tiny $3 ‘Forever Battery’ Stock Interested in Crypto? Read This First…
Facebook parent Meta Platforms (NASDAQ: FB ) is working on AI research to allow people to have more natural conversations with voice assistants, CEO Mark Zuckerberg said. The initiative marks how people will communicate with AI in the metaverse. The company''s … Full story available on Benzinga.com
Facebook is failing to label many posts from websites most likely to publish climate change misinformation, according to a new report from a British watchdog group. That’s despite the company rolling out a feature in May 2021 that would add information labels to climate change-related posts, a feature that is available in several countries around…
FACEBOOK whistleblower Frances Haugen has lashed the Irish Government for allowing tech companies based here to “get away with it”. The former Meta worker has called for an independent review of the Irish Data Protection Commission as she criticised Ireland’s approach to enforcing data regulations. Ms Haugen appeared virtually before the Joint Oireachtas Committee on Tourism, […]
The social media platform’s short-form video offering will show whether it can manufacture excitement among teens and young adults. Read More
Frances Haugen calls for ‘adequate’ funding for DPC at Oireachtas committee meeting
FACEBOOK whistleblower Frances Haugen said Ireland has a unique role to play to hold social media platforms to account, as she appeared before an Oireachtas committee this morning.
A watchdog group says Facebook only labeled about half of posts promoting articles from the world''s leading publishers of climate denial. Facebook says it was still rolling out its system at the time.
Social media conglomerate Meta has announced a new research project to build a "universal speech translator" powered by artificial intelligence. Such a translation tool could be hugely beneficial and would help propel Meta’s platforms like Facebook and Instagram around the world.
Ireland’s Online Safety Bill must include mechanisms that forces Facebook to publish data and increase transparency, a Facebook whistleblower has told an Oireachtas committee.

U.S., Meta spar over date of antitrust trial

05:21pm, Wednesday, 23'rd Feb 2022 Reuters
U.S. regulators and Meta Platforms Inc are at odds over when to start a high-profile antitrust trial, with the Federal Trade Commission proposing December 2023 and the Facebook parent company asking for more time.

US, Meta spar over date of antitrust trial

05:18pm, Wednesday, 23'rd Feb 2022 Channel NewsAsia
WASHINGTON : U.S. regulators and Meta Platforms Inc are at odds over when to start a high-profile antitrust trial, with the Federal Trade Commission proposing December 2023 and the Facebook parent company asking for more time.According to a joint filing in the U.S. District Court in Washington late on Tue
Meta, formerly Facebook, showed off a prototype of an AI world creation system that could power its "metaverse" Horizon virtual worlds.
Project CAIRaoke could help Meta build better assistants in AR glasses and VR headsets.
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