Meta’s stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress April 25, 2024 Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading.
Tech giants Meta and Amazon drive tech rally; Apple suffers from China woes February 2, 2024 Meta surged 15% post-market on strong revenue, dividend, and a $50 billion buyback; Amazon rose 7% on solid earnings and AWS growth; however, Apple fell 3% on a China sales miss and revenue forecast drop.
Musk says fight with Zuckerberg will be live-streamed on X August 6, 2023 Elon Musk said in a social media post that his proposed cage fight with Meta CEO Mark Zuckerberg would be live-streamed on social media platform X, formerly known as Twitter. The social media moguls have been egging each other into a mixed martial arts cage match in Las Vegas since June. “Zuck v Musk fight will be live-streamed on [...]
Meta to launch AI-powered chatbots in a bid to cling on to users August 1, 2023 Meta, the parent company of Facebook, is reportedly gearing up to deploy a squadron of artificial intelligence-powered chatbots, each with their own distinctive personalities, in an effort to cling on to its users who have been dwindling lately. Meta has been crafting prototypes for these chatbots, aptly named “personas”, the Financial Times reported today, citing [...]
Meta Threads rivalry with Twitter intensifies as lawsuit looms July 10, 2023 Meta and Twitter’s rivalry has escalated with the successful launch of Threads and the threat of a lawsuit, but analysts suggest that Twitter still has fight left. Threads, Meta’s highly anticipated app, amassed over 70m subscribers within days of its recent launch. The app’s availability caused a staggering 455 per cent surge in Meta’s stock, [...]
Musk vs Zuckerberg row rumbles on as Twitter threatens to sue Meta over Threads July 7, 2023 Twitter has threatened to sue Meta over its fast-growing rival Threads app, alleging that it stole trade secrets. The Instagram and Facebook owner, which launched Threads on Wednesday, appeared to deny that former Twitter employees worked on the creation of the app and used insider knowledge. Meta chief executive Mark Zuckerberg said more than 30 [...]
Threads: Five million join new Meta app in matter of hours July 6, 2023 A new app billed as a rival to Twitter has seen more than five million people sign up in its first few hours. Threads, created by Facebook and Instagram owners Meta, went live in the UK at midnight on Thursday. Linked to Instagram, it allows users to post up to 500 characters of text and [...]
Facebook vs Twitter: Meta launches rival as Musk locks Tweetdeck July 4, 2023 Facebook owner Meta is launching a new app to rival Twitter this week. Threads, which will be linked to Instagram, is available for pre-order in the Apple App Store and will go live on Thursday. It is described as a “text-based conversation app… where communities come together”. The new app is the latest chapter in [...]
Meta turns to paid-for verification as data reveals privacy concerns among UK users February 20, 2023 Facebook and Instagram owner Meta will soon role out a paid-for verification model, copying a similar move by rival social media platform Twitter. In a bid to claw back credibility, Meta chief executive Mark Zuckerberg revealed he was launching a new subscription service, which promised more personal security for users, for between £10-12.50 a month. [...]
Mass layoffs at Meta: Is Facebook’s ‘absolute monarch’ Mark Zuckerberg finally listening? November 8, 2022 Facebook-owner Meta did not do well with investors during and after the latest earnings releases. Large institutional investors concluded that founder Mark Zuckerberg is not listening to investor concerns over capital expenditure plans for next year and ballooning operating expenses. But the Wall Street Journal is writing that Meta is now planning a large layoff [...]