The spending has hurt the Silicon Valley giant’s cash flow, which turned negative. Meta said it would issue a new class of stock to help it raise more money.
The carmaker, which is controlled by Elon Musk and is considering merging with another of his companies, SpaceX, spent heavily on artificial intelligence and other new technologies.
The penalty, one of the largest levied against a tech giant, stemmed from a lawsuit by New Mexico claiming the social media company had misled users about their data privacy.
Tech stocks are up after the rocket and artificial intelligence company beat earnings estimates — and Elon Musk confirmed it is weighing a deal with Tesla.
SpaceX’s blockbuster public offering on the Nasdaq in June helped make Elon Musk, who is also the chief executive of Tesla, the first person to be worth more than a trillion dollars.
Draft rules on the export of artificial intelligence technology show how China is trying to balance national security risks with its desire to outpace the United States.
Draft rules on the export of artificial intelligence technology show how China is trying to balance national security risks with its desire to outpace the United States.
The enormous spending by the term-limited president’s super PAC has no parallel in American history, and could offer struggling Republican candidates a lifeline.
Since returning to office, President Trump has raised hundreds of millions of dollars into his super PAC, MAGA Inc., including contributions from donors and corporations with business before his administration.
Login
