Financial success
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It’s official, Meta (Facebook’s parent company) is shutting down Facebook Gaming’s mobile app. Facebook Gaming is Meta’s live streaming platform which was created to rival Amazon’s Twitch and also compete with YouTube Gaming. According to the post shared on Facebook Gaming, the app won’t be available on iOS and Android starting from 28 October. The […]
What happened Shares of Adobe (ADBE -7.06%), Meta Platforms (META -9.37%), and Netflix (NFLX -7.78%) were all tumbling today after the latest U.S. Bureau of Labor Statistics report showed that inflation increased faster than expected in August. Investors had been hoping for inflation to show signs of slowing down, but the increase in costs reminded […]
Come October 1, Facebook will be killing Neighborhoods, its Nextdoor clone. The news of its impending end was first spotted by industry analyst Matt Navarra. The soon-to-be-rested community-based feature has been in testing across the US and Canada since 2020. It encouraged users to share posts, groups, and marketplaces around their neighborhoods. Obviously, this hasn’t […]
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Attorney General Bob Ferguson announced Friday that a judge ruled that Facebook parent company Meta intentionally violated the state’s campaign finance transparency law. The law requires campaign advertisers, as well as entities that host ads such as Meta, to make information about the ads that run on their platforms available for the public to see […]
Meta Platforms Inc. has become the latest social media giant to tinker with the idea of selling premium features as part of its service, according to a report in The Verge. Having been free for years, it wants to see if any of us will pay for new widgets in Facebook, Instagram or WhatsApp. That’s going to […]
Facebook, Instagram and WhatsApp could soon have specialized features available only to users willing to pay for them. Meta is forming a new division called New Monetization Experiences that will be solely focused on paid features for the company’s app, according to a memo The Verge. Wile Facebook and Instagram already have a number of […]
Meta (FB), Facebook’s parent company, reported revenue of $28.8 billion for the three months ending in June, a 1% drop from the prior-year quarter and its first year-over-year revenue decline since going public in 2012. The company’s profit fell far more sharply. Net income during the quarter declined 36% year-over-year to nearly $6.7 billion, a […]
What’s happening Meta, Facebook’s parent company, shared data for the first time about the number of times it’s applied its newsworthiness allowance. The company will sometimes leave up posts that could violate its rules, if it determines the posts are newsworthy. Why it matters How Facebook balances newsworthiness with public safety has been an important […]
Zuckerberg will no longer be a named defendant in the suit, according to a joint court filing by Meta and the FTC dated Tuesday. As part of the agreement, Zuckerberg will not attempt to purchase Within in his personal capacity, the filing said. Within is the maker of a popular virtual fitness program known as […]
Technology Meta reaches $37.5 mln settlement of Facebook location tracking lawsuit A preliminary settlement of the proposed class action was filed on Monday. 24 August,2022 09:02 am (Reuters) – Meta Platforms Inc (META.O) reached a $37.5 million settlement of a lawsuit accusing the parent of Facebook of violating users’ privacy by tracking their movements through […]
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