India  
 
NewsR.in

Meta Exceeds $1 Trillion in Market Cap

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Meta Exceeds $1 Trillion in Market Cap

Meta Exceeds $1 Trillion in Market Cap

Meta Exceeds $1 Trillion , in Market Cap.

On Jan.

24, Meta closed at $390 a share to pass $1 trillion in market cap, CNBC reports.

.

The last time that the company surpassed $1 trillion in market cap was in 2021 under the Facebook name.

The last time that the company surpassed $1 trillion in market cap was in 2021 under the Facebook name.

That was also the first time the company reached the milestone.

.

Meta's improved stock performance follows a surge of almost 200% last year.

The surge came as CEO Mark Zuckerberg implemented cost-cutting tactics such as laying off over 20,000 people.

The surge came as CEO Mark Zuckerberg implemented cost-cutting tactics such as laying off over 20,000 people.

Zuckerberg referred to 2023 as a "year of efficiency," CNBC reports.

.

The CEO recently announced that Meta will acquire 350,000 H100 Nvidia graphics cards by the end of 2024... The CEO recently announced that Meta will acquire 350,000 H100 Nvidia graphics cards by the end of 2024... ... in addition to "almost 600k H100 equivalents of compute if you include other GPUs." .

Meanwhile, Microsoft hit a market cap milestone on Jan.

24 as well, briefly passing $3 trillion


You Might Like


đź’ˇ newsR Knowledge: Other News Mentions

Meta Platforms Meta Platforms American multinational technology conglomerate

Meta disagrees with CCI's penalty over user data abuse, to file an appeal

 Meta plans to appeal a $26 million penalty imposed by India's antitrust watchdog, the Competition Commission of India (CCI), over allegations of user data..
IndiaTimes

Facebook Facebook Social-networking service owned by Meta Platforms

Ruben Amorim feels 'at home' at Manchester United [Video]

Ruben Amorim feels 'at home' at Manchester United

Ruben Amorim has shown strong faith in his Manchester United squad, despite some external doubts, during his first press conference as head coach. He made it clear that he believes in the players and sees plenty of room for improvement, expressing confidence that the team can grow together. While he acknowledged the challenge of changing tactics mid-season, Amorim stressed that winning games is essential to build momentum. On a personal note, he shared how grateful he is for the support he’s received at the club, saying that he already feels at home. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 02:28Published
Emergency services attend scene of incident at US Embassy [Video]

Emergency services attend scene of incident at US Embassy

A “controlled explosion” has been carried out by Metropolitan Police officers outside the US embassy in Nine Elms, London. It comes after reports of a suspicious package outside the embassy. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:53Published
Martin Lewis explains how you can lower your energy bills [Video]

Martin Lewis explains how you can lower your energy bills

Martin Lewis explains what the energy price cap rise will mean for you and talks through the options for billpayers looking for lower tariffs. Ofgem has confirmed household energy bills are to rise again from January 1 as it announced a 1.2% increase to its price cap. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:34Published
Home Secretary signals backing for assisted dying [Video]

Home Secretary signals backing for assisted dying

The Home Secretary has indicated her support for proposals to legalise assisted dying for terminally ill people, ahead of a Commons vote next week. Yvette Cooper referred to her past backing of similar legislation when it was considered in Parliament several years ago. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:42Published
Cooper declines to comment on Netanyahu's potential arrest [Video]

Cooper declines to comment on Netanyahu's potential arrest

Yvette Cooper refused to comment on whether Israeli Prime Minister Benjamin Netanyahu would be arrested if he visited the UK, following arrest warrants issued by the International Criminal Court (ICC) over alleged war crimes in Gaza. Cooper stated, "The ICC is independent, and we respect its position," adding that the UK government’s focus remains on pursuing a ceasefire in Gaza and addressing the ongoing challenges in the Middle East. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:20Published

Microsoft Microsoft American multinational technology corporation

Microsoft and Vatican create 3D digital twin of St. Peter’s Basilica with help from AI [Video]

Microsoft and Vatican create 3D digital twin of St. Peter’s Basilica with help from AI

The project allows virtual visitors to explore the landmark and aids conservation efforts by identifying structural issues ahead of the 2025 Jubilee.

Credit: euronews (in English)    Duration: 01:50Published