Meta Earns Billions from Scam Ads, Internal Documents Reveal
Leaked documents show Meta made up to 10% of its 2024 revenue — about $16 billion — from scam and banned ads, despite knowing the risks.
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Nebius Launches “Token Factory” to Power Open Source AI Models
Nebius Group NV introduces Token Factory, a new AI cloud service that lets users run open source models like Llama and DeepSeek, competing with Amazon and Microsoft in the growing AI infrastructure market.
Pinterest Forecasts Lower Q4 Revenue Despite Strong Q3 Growth and Record User Numbers
Pinterest’s Q3 2025 revenue grew 17% to $1.05 billion, hitting 600 million users, but its Q4 forecast fell slightly below Wall Street expectations, sending shares down 18% in after-hours trading.
Meta Expects Massive 2026 Spending Surge Despite Strong Q3 Results
Meta announces significantly higher 2026 expenses with $70-72B in 2025 capital expenditures as AI investments continue. Q3 revenue beats estimates at $51.2B despite $15.9B tax charge.
Oracle Shares Surge After Revealing Strong AI Infrastructure Profit Margins
Oracle shares spike 4% after revealing 30-40% margins on AI infrastructure deals with OpenAI, Meta, and xAI. Company expects cloud revenue to hit $166B by 2030.
CoreWeave Scores $14.2 Billion Contract with Meta
CoreWeave signed a huge $14.2B deal to supply Meta with Nvidia AI power, highlighting the high cost of the AI race.