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Meta Launches Cloud Business, Stock Surges

Mark Zuckerberg's Meta launched a new cloud business this week, leading to the company's stock experiencing its best week since early 2024 with a 15% surge. Meta is reportedly planning to appoint an Amazon computing executive to further its cloud business push.

17 Jul, 08:47 — 17 Jul, 16:20
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Source Diversity

Source Diversity

Moderate (27/100)
2 sources— more sources would strengthen this score15/33
Spectrum spread2/5 buckets covered8/33
Far L
Left1
Left (1)
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Center
Right1
Right (1)
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Far R
Geographic diversity1 region4/34
US2
All sources from US region
Only 2 sources cover this story