Jim Simons, Ray Dalio, and Israel Englander are some of the most successful investors in history. All three are billionaires, and their respective hedge funds — Renaissance Technologies, Bridgewater Associates, and Millennium Management — have made thousands of investors rich along with them. In investing, there are no bonus points for originality, so it pays …
Last year is often billed as Meta Platforms (NASDAQ: META) co-founder and CEO Mark Zuckerberg’s “year of efficiency.” Indeed, it should be billed as such. Meta earnings soared as the company cut expenses and started putting its AI to use to boost productivity (especially for social media ads), and thus earnings. META Revenue (TTM) Chart …
Meta stock (META) fell more than 10% on Thursday after CEO Mark Zuckerberg revealed that the social media company is pouring more cash into its AI efforts, spooking investors. The CEO, however, tried to assuage investor concerns about the company’s spending during Wednesday’s earnings call, noting that Meta has made similar moves when transitioning to …