Business

Tech Company Stock Performance Under Scrutiny

Updated 2026-06-26 18:10 UTC 1 source Negative

Meta's recent AI initiatives have not yet improved its struggling stock performance. California Governor Gavin Newsom has called for a national billionaires tax to address wealth inequality.

Coverage timeline — 2 articles

CNBC

Meta's flurry of AI initiatives this month hasn't helped lift the stock. What will?

Meta has to justify its AI spending to unlock the struggling stock.

2026-06-26 17:45 UTC

CNBC

Gavin Newsom calls for national billionaires tax: 'It's time for an economic reset'

California Gov. Gavin Newsom said he supports imposing "a true minimum tax on billionaires" and closing "tax-free lifestyle loan" loopholes for the rich.

2026-06-26 18:01 UTC