Meta

Meta Platforms, formerly known as Facebook, is a technology conglomerate based in Menlo Park, Calif. The company owns and operates Facebook, Instagram, Threads and WhatsApp, among other products and services. Meta is one of the world’s most valuable companies and is among the 10 largest publicly traded corporations in the U.S. It is considered one of the Big Five, alongside Google parent company Alphabet, Amazon, Apple and Microsoft.

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How Musk Kept Bankers Guessing in Sprint to SpaceX IPO

By Valida Pau · Jun 12, 2026 12:43pm PDT

High up in Goldman Sachs’ downtown Manhattan headquarters Thursday afternoon, bankers from Goldman and Morgan Stanley, together with SpaceX executives, toasted the pricing of SpaceX’s IPO over glasses of Champagne. In many ways, it was a replay of hundreds of other such celebrations. But the SpaceX IPO was anything but normal. For seven months,... High up in Goldman Sachs’ downtown Manhattan headquarters Thursday afternoon, bankers from...

Asha Sharma, CEO of Xbox. Photo by David Paul Morris/ Getty Images

Microsoft Has Considered Spinning Out Xbox, Plans New ‘Halo,’ ‘Fallout’ Games

By Aaron Holmes · Jun 12, 2026 11:10am PDT

As Microsoft gets ready to overhaul its struggling Xbox gaming unit, it hasn’t ruled out spinning out or restructuring the unit as a wholly-owned subsidiary, which could make it easier to sell, or creating a joint venture with other partners, according to three people with direct knowledge of the discussions. Microsoft doesn’t have any imminent... As Microsoft gets ready to overhaul its struggling Xbox gaming unit, it hasn’t ruled out spinning...

Art: Clark Miller

Inside Tech’s Feverish Demand for Retatrutide, a Supposed Super Peptide

By Jemima McEvoy · Jun 12, 2026 9:01am PDT

For more than a decade, Dr. Molly Maloof has had a front-row seat to Silicon Valley’s ever-evolving health obsessions as a physician and founder of M3 Healthspan, a San Francisco–based concierge medical practice serving the tech elite. Lately, those conversations have focused on one substance perceived as a wonder drug among wonder drugs:... For more than a decade, Dr. Molly Maloof has had a front-row seat to Silicon Valley’s...

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Meta CTO Andrew Bosworth. Art by Shane Burke/Getty Images/Shutterstock

Tokenminimizing: Meta Moves to Curb Employee AI Usage as AI Costs Reach Billions

By Jyoti Mann · Jun 12, 2026 11:57am PDT

Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees’ token usage, the company told staff in a memo on Tuesday, just weeks after it pushed them to adopt AI tools in their work. The company is building an internal platform to track employee AI usage and spending in real time, set budgets... Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits...

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Meta Bought Rivos to Accelerate Its AI Chip Push. It Isn’t Working.

By Jyoti Mann and Qianer Liu · Jun 12, 2026 6:00am PDT · 2 comments

Meta Platforms bought semiconductor startup Rivos last year to accelerate development of in-house chips and reduce its reliance on Nvidia as it pours cash into data centers for its AI ambitions. Now six months since the acquisition closed, Meta is struggling to make it work, beset by problems that illustrate the social media giant’s bigger... Meta Platforms bought semiconductor startup Rivos last year to accelerate development of in-house...

Art by Clark Miller

Into the Metaverse

Hands Up, This Is a (Virtual) Robbery!

By Lauren Tara LaCapra · May 6, 2023 7:00am PDT · 2 comments

Until late last year, Bank of America branch staffers would learn how to handle a potential stick-up through guidebooks and online videos. Today, tellers are immersed in a 3D virtual reality environment, in which a gunman aims a weapon at them or furtively hands them a threatening note demanding money. The bank measures tellers’ reactions... Until late last year, Bank of America branch staffers would learn how to handle a potential...