Meta Earnings
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Apple, Google, Meta Must Face Lawsuits Over Casino-Style Gambling Apps
A federal judge on Tuesday denied Apple, Google and Meta Platforms' requests to dismiss lawsuits claiming they promoted illegal gambling by hosting and accepting commissions from casino-style apps that addict users.
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Meta Stock Soars 12% After Crushing Earnings and Unveiling Huge AI Plans
The company is also accelerating its AI strategy with major hires, investments, and large-scale data center projects.
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From OpenAI To Meta: All You Need To Know About Chief Scientist Shengjia Zhao
Shengjia Zhao, a former OpenAI researcher, has been appointed chief scientist of Meta's newly launched Superintelligence Lab, CEO Mark Zuckerberg announced last Friday.
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Instagram Rolls Out Testimonials Which Lets Creators Get Paid by Writing Endorsements
Instagram on Thursday announced a new avenue for creators to earn money through partnership advertisements called Testimonials. It is a type of content which a brand posts in collaboration with a creator for the promotion for a product or service. Such ads are featured on the creator’s Instagram handle in the form of videos or written-only text. ...
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Meta’s Reality Labs Unit Posts $5 Billion in Losses in Q4 2024
Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”
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All Eyes On AI To Drive Big Tech Earnings
Analysts at Wedbush Securities, one of Wall Street's biggest believers in AI's potential, expect "growth and earnings to accelerate with the AI revolution and the wave of transformation" it is causing.
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Apple to Likely See iPhone Sales Dip, Could Record 1.6 Percent Drop in Total Quarterly Revenue
Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. It may also report a likely 1.6 percent drop in total quarterly revenue.
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Meta's Facebook Reports 3.03 Billion Monthly Active Users in Q2 2023, Posts Strong Rise in Advertising Revenue
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by reviving digital ad business. Meta reported a profit of $7.8 billion (roughly Rs. 63,949 crore) on $32 billion (roughly Rs. 2,62,358 crore) in revenue during Q2, as the number of people using Facebook monthly rose to 3.03 billion.
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Facebook Parent Meta's Earnings Beat Market Expectations As Ads Revive
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by a reviving digital ad business.
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First User To Reach A Million Followers On Meta's Threads Is...
As per Guinness World Record, he earned a million followers after posting just three times.
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Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
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Companies That Have Conducted Mass Layoffs In 2023. See List
Roughly 1,21,205 people have lost their jobs since the beginning of this year with 84,714 employees being laid off in January and 36,491 in February.
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Ex-Meta Employee Claims She Received Rs 1.5 Crore To Do "Nothing"
She explained how Meta was not hiring new employees while she was there in the clip titled "Getting paid $190k to do nothing at Meta".
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Alphabet, Meta Earnings Decline Suggests Uncertain 2023 for Digital Ads Industry, Big Tech
Alphabet, Meta, and Snaps saw a decline in fourth-quarter results this week, suggesting a tough road ahead of digital ads business and big tech. Lower ad spending from brands in the financial services and technology sector was one reason for the revenue decline, Meta said.
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Spotify to Lay Off 6 Percent of Workforce as Job Cuts in Technology Sector Continue
Spotify is planning layoffs as soon as this week, according to people familiar with the plans, joining a slew of technology companies from Amazon.com Inc. to Meta Platforms Inc. in announcing job cuts to lower costs. The music streaming giant has about 9,800 employees, according to its third-quarter earnings report.
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Apple, Google, Meta Must Face Lawsuits Over Casino-Style Gambling Apps
A federal judge on Tuesday denied Apple, Google and Meta Platforms' requests to dismiss lawsuits claiming they promoted illegal gambling by hosting and accepting commissions from casino-style apps that addict users.
-
Meta Stock Soars 12% After Crushing Earnings and Unveiling Huge AI Plans
The company is also accelerating its AI strategy with major hires, investments, and large-scale data center projects.
-
From OpenAI To Meta: All You Need To Know About Chief Scientist Shengjia Zhao
Shengjia Zhao, a former OpenAI researcher, has been appointed chief scientist of Meta's newly launched Superintelligence Lab, CEO Mark Zuckerberg announced last Friday.
-
Instagram Rolls Out Testimonials Which Lets Creators Get Paid by Writing Endorsements
Instagram on Thursday announced a new avenue for creators to earn money through partnership advertisements called Testimonials. It is a type of content which a brand posts in collaboration with a creator for the promotion for a product or service. Such ads are featured on the creator’s Instagram handle in the form of videos or written-only text. ...
-
Meta’s Reality Labs Unit Posts $5 Billion in Losses in Q4 2024
Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”
-
All Eyes On AI To Drive Big Tech Earnings
Analysts at Wedbush Securities, one of Wall Street's biggest believers in AI's potential, expect "growth and earnings to accelerate with the AI revolution and the wave of transformation" it is causing.
-
Apple to Likely See iPhone Sales Dip, Could Record 1.6 Percent Drop in Total Quarterly Revenue
Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. It may also report a likely 1.6 percent drop in total quarterly revenue.
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Meta's Facebook Reports 3.03 Billion Monthly Active Users in Q2 2023, Posts Strong Rise in Advertising Revenue
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by reviving digital ad business. Meta reported a profit of $7.8 billion (roughly Rs. 63,949 crore) on $32 billion (roughly Rs. 2,62,358 crore) in revenue during Q2, as the number of people using Facebook monthly rose to 3.03 billion.
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Facebook Parent Meta's Earnings Beat Market Expectations As Ads Revive
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by a reviving digital ad business.
-
First User To Reach A Million Followers On Meta's Threads Is...
As per Guinness World Record, he earned a million followers after posting just three times.
-
Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
-
Companies That Have Conducted Mass Layoffs In 2023. See List
Roughly 1,21,205 people have lost their jobs since the beginning of this year with 84,714 employees being laid off in January and 36,491 in February.
-
Ex-Meta Employee Claims She Received Rs 1.5 Crore To Do "Nothing"
She explained how Meta was not hiring new employees while she was there in the clip titled "Getting paid $190k to do nothing at Meta".
-
Alphabet, Meta Earnings Decline Suggests Uncertain 2023 for Digital Ads Industry, Big Tech
Alphabet, Meta, and Snaps saw a decline in fourth-quarter results this week, suggesting a tough road ahead of digital ads business and big tech. Lower ad spending from brands in the financial services and technology sector was one reason for the revenue decline, Meta said.
-
Spotify to Lay Off 6 Percent of Workforce as Job Cuts in Technology Sector Continue
Spotify is planning layoffs as soon as this week, according to people familiar with the plans, joining a slew of technology companies from Amazon.com Inc. to Meta Platforms Inc. in announcing job cuts to lower costs. The music streaming giant has about 9,800 employees, according to its third-quarter earnings report.
