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Facebook’s owner Meta will Monday are searching to overturn a legal ruling by using Britain’s opposition authority requiring it to drop its deliberate merger with online GIF creator Giphy. Last November, the Competition and Markets Authority (CMA) found Meta’s $four hundred million (£290m) proposed takeover of Giphy, which supplies lively Gifs or mini videos to […]
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3D-printed images of the logos of Facebook and parent company Meta Platforms are seen on a laptop keyboard in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 20 (Reuters) – A group of 21 U.S. lawmakers sent a letter to Facebook chief executive […]
Last April, Facebook announced a suite of new audio products, including new support for podcasts and a Clubhouse live audio competitor, which was an indication that it was taking the threat from other audio platforms more seriously. Now, barely a year after Facebook began its foray into podcasting and audio features, the company’s interest in […]
What you need to know WhatsApp could be working on allowing users to dictate messages through Facebook Assistant on the Ray-Ban Stories. The feature is likely to be exclusive to Meta’s pair of smart glasses. It was discovered in the latest beta version of WhatsApp. Meta appears to be working on a new way for […]
Mark Zuckerberg in front of 770 Broadway (Getty Images, Google Maps, iStock) Facebook is expanding once again at Vornado Realty Trust’s 770 Broadway. The company, which is now known as Meta Platforms, is adding approximately 300,000 square feet at the office building, Bloomberg reported. The expansion brings the company’s footprint to more than 800,000 square […]
Companies operating in the direct-to-consumer segment and those selling apparel, beauty, healthcare, and electronics products, which saw a significant shift in buyer behaviour from offline to online, were among the top digital advertisers in aftermath of the pandemic, vice president and managing director, India-Meta (formerly Facebook) Ajit Mohan said. “Industries that benefit from the shift […]
The Facebook founder and CEO spoke about a timeline for a functional metaverse, the company’s new focus. There are several challenges to overcome in hardware, AI and useability. “My experience is the future tends to come sooner than you think when you bet on it,” Zuckerberg said. Mark Zuckerberg is still not quite sure when […]
Meta traced the effort to take over the social media accounts of dozens of Ukrainian military leaders back to a shadowy hacker organization known as Ghostwriter, which previous research has linked to Belarus, a Russian ally. Ghostwriter has a history of spreading content critical of NATO, and also has tried to hack email accounts. “This […]
Following a weak 2021, communications stocks as a group continue to lag. The Morningstar US Communication Services Index has declined about 12% year to date versus a 5% drop for the broader market. The market has soured on two large firms recently—Meta Platforms (FB) and Netflix (NFLX)—driving most of the sector’s underperformance. While both firms face […]
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Meta Faces Another Tough Quarter. One Analyst Sees More Trouble Ahead.
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April 14, 2022
Text size Evercore ISI’s Mark Mahaney set a short-term Underperform rating on Meta shares. NOAH BERGER / AFP / Getty Images There is growing consensus on the Street that Facebook parent Meta Platforms is headed for yet another rough quarter. Meta shares (ticker: FB) have fallen by about a third since the fourth-quarter earnings report, […]