Meta Platform’s revenue fell 4% to $32 billion last quarter, as the company continued to struggle with a slowdown in its advertising business. The drop, however, was at the lower end of the company’s forecast of a decline between 3.4% and 11%. The company’s stock climbed after the announcement, buoyed by the news of a $40 billion stock buyback. Reality Labs, the department behind Meta’s...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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