Meta
Meta Warns That Mark Zuckerberg’s Love of MMA Could Hit Its Bottom Line
Meta is officially warning investors: CEO Mark Zuckerberg’s love of mixed martial arts poses a risk to its business. Zuckerberg, as many people know by now, has become a big MMA fan, posting photos training ith UFC fighters, and even participating in some local matches. He also underwent knee surgery last year after injuring his […]
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Global Ad Market to Slow in 2024, U.S. Political Spending to Surge
Global advertising spending will end 2023 with a 5.8 percent gain to $889 billion, before slowing to a 5.3 percent lift to $951.8 billion next year, excluding political ad spending, according to an ad media giant GroupM forecast Monday. Political ad spending is expected to reach $15.9 billion in 2024, which is forecast as a […]
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Google Strikes $100M Online News Sharing Deal With Canada After Standoff
Canada has struck a $100 million deal with Google to pay local publishers for news snippets shared or repurposed on its local platform. The agreement for Google to make an annual payment of $100 million follows Canada passing into law Bill C-18, also known as the Online News Act, to compel U.S. digital giants to […]
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Meta Revenue and Profits Surge as Ad Business Rebounds
Meta Platforms Inc., the parent company of Facebook, Instagram and WhatsApp, reported a blowout Q3, with its revenue and profits surging. The company reported revenue of $34.1 billion and net income of $11.6 billion, up 23 percent and 164 percent year over year, respectively. Wall Street had been expecting revenue of $33.6 billion, EPS of […]
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Big Tech’s Favorite Legal Shield Takes a Hit
A Los Angeles judge has declined to dismiss a series of blockbuster lawsuits against Meta, TikTok, Snap and Google arguing their platforms are intentionally designed to addict and fuel mental health disorders in teenagers, increasing the likelihood they will have to potentially face or settle for billions of dollars the product liability claims. In the […]
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Meta’s Faster, More Immersive Quest 3 VR Headset Is Now Available to Buy Online
The company formerly known as Facebook gets ready to launch the Quest 3, it latest immersive device.
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Authors Sue Meta, OpenAI in Lawsuits Alleging Infringement of Hundreds of Thousands of Novels
Authors are escalating efforts to block artificial intelligence companies from using their copyrighted works to train artificial intelligence systems, this time taking aim at Meta and OpenAI in proposed class-action lawsuits. Michael Chabon and other decorated writers of books and screenplays sued Meta on Tuesday in California federal court, accusing the company of copyright infringement […]
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‘Bachelorette’ Alum Josh Seiter Says False Death Post Was Result of Instagram Hack
Josh Seiter, a former contestant on ABC’s The Bachelorette, says a recent message on his Instagram page that announced his death was the result of his account getting hacked. In a video shared to his account Tuesday, Seiter said that he is alive and well and that a note posted a day prior that appeared […]
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Mark Zuckerberg Says “It’s Time to Move On” From Elon Musk Fight
Mark Zuckerberg is ready to move on from his impending fight with Elon Musk. The Meta CEO took to Threads and then his Instagram Story to share a note that he doesn’t believe Musk is taking the fight seriously. “I think we can all agree Elon isn’t serious, and it’s time to move on,” Zuckerberg […]
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Elon Musk Says Cage Match With Mark Zuckerberg “Will Be Live-Streamed on X”; Meta CEO Suggests Date but “Not Holding My Breath”
Are Elon Musk and Mark Zuckerberg serious? On Sunday, the two billionaire tech entrepreneurs re-upped their talk about taking part in a cage match against each other in posts on their respective social media platforms. “Zuck v Musk fight will be live-streamed on 𝕏,” posted Musk, who owns the social media site formerly known as […]
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Meta Reports Higher Quarterly Revenue Amid “Year of Efficiency”
Meta reported total revenue of $32 billion, an increase of 11 percent year-over-year and at the top end of the company’s previous guidance for the three months ended June 30. Net income reached $7.8 billion, up 16 percent from $6.7 billion a year ago. Monthly active users on Facebook reached 3.03 billion as of June 30, […]
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Why Meta’s Threads Isn’t Available in the EU (and Probably Won’t Be For Some Time)
Threads, Meta’s new micro-blogging app, launched worldwide this week with the very prominent exception of the countries of the European Union, where strict data protection laws make it unclear when, or if, the Twitter rival app will see the light of day. Meta is holding back on launching Threads in the EU until it can […]
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