When billionaire Ray Dalio talks, investors listen. Founder of the hedge fund Bridgewater Associates, Dalio has made moves that have generated impressive returns over the years.
Meta Platforms has outperformed peers YTD, with a modest valuation and technical indicators signaling a potential buying opportunity. Q2 revenue rose 22% to $47.5B, driven by higher ad impressions and pricing; net income jumped 36% year-over-year. Reality Labs continues to post significant losses, but management remains committed to innovation in smart glasses despite investor discomfort.
Earnings season is right around the corner, and several of tech's biggest names look to keep their momentum going. Each of these companies posted strong results last quarter, and there are good reasons to believe that strength can continue into the final stretch of the year.
Meta has reportedly recruited one of the co-founders of artificial intelligence (AI) startup Thinking Machines. Andrew Tulloch, a high-profile AI researcher, confirmed his departure in a message to workers on Friday (Oct. 10), The Wall Street Journal (WSJ) reported, citing sources familiar with the matter.
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