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If your social media suitor seems too good to be true, it might be a scam. Facebook and Instagram parent company Meta Platforms is urging users to stay vigilant about romance scams ahead of Valentine’s Day, warning of unsolicited messages through its apps and other social media platforms, as well as general text messages. Scammers tend to pose as attractive, single and successful individuals,” Meta says. They often claim to have military, medical or business backgrounds, with photos either stolen from real people’s accounts or generated through artificial intelligence. Initially, messages are sent to a large pool of people in the hopes of getting a response. A scammer than builds trust over a period of time before they ask their target for money either by claiming hardship or offering investment opportunities, usually in cryptocurrency. Meta said it recently worked with research firm Graphika to take down romance scams in three common categories: those impersonating military officers, celebrity mimics and scammers posing as fake match-making agencies that target people in Africa claiming to offer opportunities to meet rich men from Western countries or build relationships with African women.'” In addition to taking down scam networks, Meta says it is testing other tools to combat bad actors, including facial recognition technology that compares suspicious users’ profile photos against a public figure’s image. But, for now, that only works for celebrity impersonations. To stay vigilant, Meta recommends people be suspicious of messages from strangers. If you do engage, try to verify the persons identity by looking them up on the platform check when their accounts were created or use a reverse image search on their photos. Requests for money, whether in the form of gift cards or payment apps, should also be treated with skepticism.
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E-Commerce
Shares of Super Micro Computer, Inc. (Nasdaq: SMCI) surged 12% Wednesday in early morning premarket trading after it forecast strong revenue gains for 2026 and updated investors on plans to remain on the Nasdaq exchange. SMCI was up over 3% in afternoon trading. On Tuesday, the AI server maker said it now “believes it will make” the U.S. Securities and Exchange Commission (SEC) February 25 deadline to submit its delayed 10-K filings, thereby avoiding delisting from the Nasdaq. It also expects to file its 10-Q quarterly report ending in September by that date. Super Micro president and CEO Charles Liang projected revenue of $40 billion for fiscal 2026, lowering estimates to $23.5 to $25 billion in fiscal 2025, from prior guidance between $26 billion to $30 billion. Although Super Micro’s second-quarter results fell short of analyst estimates, investors are encouraged by the stock’s stronger-than-expected performance forecast for 2026. With our leading direct-liquid cooling (DLC) technology and over 30% of new data centers expected to adopt it in the next 12 months, Super Micro is well positioned to grow AI infrastructure designs wins based on Nvidia Blackwell and more, Liang said in an earnings release. We anticipate this technology transition sets a strong foundation for us now.” SMCI is at risk of being delisted from the Nasdaq exchange due to its delinquent filings with the SEC. The stock has swung wildly up and down since accounting giant Ernst & Young resigned as its auditor last fall, disclosing it was unwilling to be associated with the financial statements prepared by [SMCIs] management” after a report from Hindenburg Research alleged it had found glaring accounting red flags, sanctions and export control failures, and evidence of undisclosed related party transactions. The AI server maker conducted its own independent review and found no evidence of misconduct.
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E-Commerce
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No. 2 U.S. oil producer has faced production challenges including cost overruns and delays in a large Kazakhstan oilfield project. Its $53-billion deal to acquire oil producer Hess and gain a foothold in Guyana’s lucrative oilfield is in limbo due to a court battle with larger rival Exxon Mobil, which has more aggressively expanded its own production. Chevron also faces industry-wide weakness in the refining business and the expectation that oil prices could be under pressure over the next two years as global production growth outpaces demand. Chevron has said it is targeting up to $3 billion in cost cuts through 2026 from leveraging technology, asset sales and changing how and where work is performed. At the end of 2023, Chevron employed 40,212 people across its operations. A layoff of 20% of total employees would be about 8,000 people. Those figures exclude another roughly 5,400 employees of Chevron service stations. Shares of Chevron declined 1.3% in afternoon trading. The company told employees during an internal town hall that they can begin opting for buyouts now through April or May, according to a source familiar with the matter. The oil industry has been consolidating in recent years, focusing on mergers and operational efficiency more than drilling new wells. Chevron will reorganize its business and announce a new leadership structure in the next two weeks, the source said. Chevron is taking action to simplify our organizational structure, execute faster and more effectively, and position the company for stronger long-term competitiveness,” said Mark Nelson, vice chairman of Chevron, in a statement. “We do not take these actions lightly and will support our employees through the transition.” The company’s oil and gas reserves have declined to their lowest point in at least a decade, raising concerns about its long-term prospects and highlighting the importance of closing the Hess acquisition. Chevron moved its headquarters from San Ramon, California to Houston last year and replaced several long-standing managers to renew its leadership. Last year, it also announced a new hub in India that will be its largest tech center outside the United States. Scheyder and Sheila Dang in Houston, Reuters
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E-Commerce
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