Tag
Business
The Nasdaq had its worst day since June as investors questioned trillion-dollar AI bets. Meta fell 8% after a $10-billion legal charge hit its earnings.
Opinions
He needed billions in cash for a tax bill, hundreds of billions for AI, and a guarantee he'd never lose control of Meta. He solved all three by inventing a share that can be sold but never voted — and the only person who could have stopped the deal was him.
Money
Meta's AI spending plans and Tesla's capex cut spooked tech, while fresh Houthi attacks in Saudi Arabia sent Brent toward a five-month high. The AI-trade wobble is now a Middle East story too.
Business
Third-quarter revenue jumped 26 per cent to US$64.6 billion on a 14 per cent rise in ad prices, but a US$9.89-billion legal charge dragged reported earnings down. The bigger story: a new class of nonvoting shares that lets Meta fund its AI buildout without touching Mark Zuckerberg's control.
Technology
The social-media giant beat Wall Street on sales at $64.6 billion, but a $9.89-billion legal charge dragged earnings down — and a $25-billion New Mexico judgment landed the same day.
Canada
Thousands of construction jobs, hundreds of permanent ones, and a billion-dollar question about who pays for the power. An honest look at the province's biggest tech deal.