Meta

Instagram's Dive into the Text-Based Market

In a bid to adapt Instagram has recently made a bold move into the text-based market. This strategic decision is fueled by a combination of factors that underscore Instagram’s commitment to fostering deeper connections, accommodating user demands, and expanding its user base.  Evolving User Preferences:  Instagram’s venture into the text-based market is propelled by an […]

The German Bundeskartellamt: Apple’s in Trouble

The 2020s are shaping up to be big years for governments’ antitrust legislation all over the world. Earlier this month, Germany’s Bundeskartellamt (Federal Cartel Office FCO) regulator designated Apple a “company of paramount significance for competition across markets,” adding Apple Inc. to Google and Meta which were determined with binding effect the same on May […]

Content Moderators Sue Meta Over Alleged 'union-busting' in Kenya

Facebook content moderators in Kenya are suing the social media site’s parent company Meta and two outsourcing companies for unlawful redundancy, a rights group said on Monday. The 43 applicants say they lost their jobs with Sama, a Kenya-based firm contracted to moderate Facebook content, for organising a union. They also say they were blacklisted […]

Meta to Test Monthly Subscription Service Priced at $11.99

Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge, as it looks to help content creators grow and build communities. The subscription bundle for Instagram and Facebook, to be launched later this […]

Meta Mojo Is Back as Earnings Surprise Powers Big Tech Rally

Meta Platforms Inc shares closed about 23% higher on Thursday and helped spark a rally in the technology sector after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. The company added more than $90 billion to its market value and the stock logged […]

Big Tech Earnings Show Digital Ads Market Not Out of the Woods

After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from Alphabet, Meta Platforms and Snap showed they were not yet in the clear. The health of the advertising industry closely mirrors the economy, and many advertisers have pared back their marketing budgets in response to […]