Meta Platforms’ revenue grew 11% in the second quarter, signaling the company’s advertising business is rallying even as Meta continues to lose billions developing metaverse technology. Meta is projecting revenue in the third quarter will be in the range of $32 billion to $34.5 billion, which would be growth of between 15.5% and 24.5%, the company’s chief financial officer, Susan Li, said in an...
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Linda Yaccarino May Have the Toughest CEO Job
Here’s a question: How long can someone stay as CEO of a company when the owner of that company is publicly repudiating what they’re saying? Take Linda Yaccarino, CEO of X, previously known as Twitter. On Wednesday, Elon Musk confirmed a report in The Information about layoffs at X’s election integrity team—Musk even went further than what we reported, saying the team was “gone.” Yet in an...
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