A decline in the online advertising industry and competition from rivals like TikTok impacted Facebook parent firm Meta’s fourth-quarter profit and sales on Wednesday. However, the shares of the corporation rose during extended trading as its sales above Wall Street’s low forecasts and the Menlo
The parent company of Facebook and Instagram, Meta, was fined $414 million by EU authorities on Wednesday for breaking privacy laws, potentially dealing a fatal blow to the social media corporation’s lucrative digital advertising strategy. The General Data Protection Regulation, or GDPR, was broken by
The shares of the once-hot companies owned by the nation’s IT titans fell this year, costing them a combined total of more than $430 billion. Elon Musk, the CEO of Tesla and Twitter, had his net worth plummet by a startling $132 billion, displacing him
In order to settle a class-action lawsuit accusing the social media behemoth of granting access to user data to outside companies, such as Cambridge Analytica, Facebook owner Meta Platforms has agreed to pay $725 million. The long-running case brought on by allegations in 2018 that
Tuesday saw a 1% increase in Meta shares following an apparently false report that CEO Mark Zuckerberg intended to retire in 2023. The report, which Meta swiftly refuted, came as Zuckerberg was already under increasing pressure from irate shareholders who were complaining about his extravagant
Altimeter Capital Management, a stakeholder in Facebook-parent Meta Platforms, stated in an open letter to CEO Mark Zuckerberg on Monday that the company needed to simplify by slashing employment and capital spending. According to the technology-focused hedge fund with a 0.1% investment, the firm has
According to current estimations, Mark Zuckerberg’s net worth has dropped by more than half this year, knocking him out of the top rankings of the world’s richest as his firm Meta suffers with an identity crisis. Zuckerberg, 38, has lost a massive $71 billion in
For years, Meta has faced criticism and scrutiny from Congress. CEO Mark Zuckerberg has repeatedly been sent to Congressional hearings to discuss privacy concerns that impact thousands of Americans. Congress is focused on regulating Meta quickly and they hope to achieve this with a dozen
How the average investor take advantage of this massive opportunity One of the big buzzwords being thrown around these days is ‘Metaverse’. You hear it on the news, you read about it on social media… you may have even heard about it from Mark Zuckerberg.
Recently, Mark Zuckerberg stirred the waters by renaming Facebook “Meta,” and announcing that it will focus on building Metaverse solutions. Facebook changed the name to Meta However, long before 1992, the science fiction novel Snow Crash first used the term “Meta,” referring to humans as
In 2019, Facebook first proposed a new cryptocurrency network on its social media platform that would change the way the world banks. In response, they were hit with major backlash from regulators because of concerns over instability of cryptocurrency like bitcoin. Over the last month,
Since 2019, New York Attorney General Leticia James has been investigating Facebook under claims the company unlawfully used its marketing power to monopolize the social media industry. According to her statement, she was looking into whether Facebook “endangered consumer data, reduced the quality of consumer’s
While Facebook and Google have become essential in easing our daily lives, the monopoly and influence that they hold can be dangerous. For example, the way in which these companies harm local communities is massive. From spreading disinformation to controlling money for advertisements, their affect
With an estimated 300M daily users, Zoom currently reigns supreme over all remote conferencing platforms, and it’s not even close. How is that possible in a world where Google, Microsoft, and Facebook all have competing products on the market? Zoom’s Founder and CEO Eric Yuan
What’s the most important thing you need in order to keep a business successful? If you said clients or customers, you are correct. Although every business can be unique in one way or another, the one constant they all share is the need for people
With the rising popularity of streaming services among teens, it seems the days of traditional television commercials may be ending. Thankfully, for marketers, the omnipresence of social media still guarantees a way to reach younger demographics. TikTok is a new app that is dominating the
Maybe you’re in charge of throwing your office Halloween party, or maybe you just have a great group of friends who love a creative shindig, but dressing like an entrepreneur might just be the right power play this year. And, hey, if you are your
