meta

  1. Hanno Labuschagne

    Meta posts first-ever quarterly revenue decline

    Meta posts first-ever quarterly revenue decline Meta Platforms Inc., the social media giant that includes Facebook and Instagram, reported its first-ever quarterly sales decline, citing advertisers’ shrinking budgets. Meta revenue slipped to $28.8 billion in the second quarter, missing the...
  2. Hanno Labuschagne

    Google, Meta, and Twitter shares hammered by Snap selloff

    Google, Meta, and Twitter shares hammered by Snap selloff US social-media giants shed nearly $47 billion in market value in extended trading Thursday, as disappointing revenue from Snap Inc. raised concerns about the outlook for online advertising. The Snapchat parent plummeted 27% in the...
  3. Hanno Labuschagne

    Facebook will allow multiple profiles on one account

    Facebook will allow multiple profiles on one account Meta Platforms Inc. will start letting more users create multiple profiles with their Facebook accounts, the company’s latest attempt to encourage posting and sharing on its social network. As part of a test, certain Facebook members will be...
  4. Hanno Labuschagne

    Meta's next VR headset will be called Quest Pro and cost $1,000

    Meta's next VR headset will be called Quest Pro and cost $1,000 Meta Platforms Inc.’s upcoming high-end headset for virtual and augmented reality will be called the Meta Quest Pro, according to code findings inside the company’s iPhone app for setting up headsets. Meta has been touting its new...
  5. Rual dV

    Attackers use Facebook Messenger chatbots in new phishing scam

    Attackers use new trick on Facebook to steal passwords Trustwave security researchers discovered a new phishing campaign using Facebook Messenger chatbots to steal users' credentials. The chatbots would impersonate Facebook customer support staff to hijack pages by tricking page managers into...
  6. Hanno Labuschagne

    Meta hits pause on smartwatch development

    Meta hits pause on smartwatch development Facebook parent company Meta Platforms Inc. has halted development of a smartwatch with dual cameras and is instead working on other devices for the wrist, according to a person with knowledge of the matter. The device, which has been in development...
  7. Hanno Labuschagne

    Meta COO Sheryl Sandberg steps down after 14 years

    Meta COO Sheryl Sandberg steps down after 14 years Meta Platforms Inc.’s Sheryl Sandberg, who became one of the most recognised figures in global business after helping Facebook transform from a startup into a multibillion-dollar advertising powerhouse, is stepping down as chief operating...
  8. Hanno Labuschagne

    Meta shares make a comeback

    Meta shares make a comeback Facebook’s main social network added more users than projected in the first quarter, potentially staving off concerns that the company is losing momentum as a new generation flocks to younger sites like TikTok. Shares surged more than 19% in late trading after...
  9. Hanno Labuschagne

    Meta's big metaverse plans could be thwarted by shareholders

    Meta's big metaverse plans could be thwarted by shareholders Meta Platforms Inc. will face a shareholder mandate on whether its planned metaverse virtual world is good for society. The U.S. Securities and Exchange Commission rejected a request by Meta to quash a proposal from Arjuna Capital...
  10. Hanno Labuschagne

    Meta failed to warn of impact of Apple's privacy change — Investors

    Meta failed to warn of impact of Apple's privacy change — Investors Meta Platforms Inc. falsely reassured investors that the impacts of privacy tweaks to Apple’s iOS software for iPhones “were manageable” before it said in February it expects to lose $10 billion in ad revenue this year because...
  11. Hanno Labuschagne

    Russian state-controlled media's Facebook and TikTok accounts restricted

    Russian state-controlled media's Facebook and TikTok accounts restricted Facebook, Instagram and TikTok are restricting state-owned Russian media channels ahead of a likely European Union ban, aiming to curtail propaganda during Russia’s invasion of Ukraine. The EU announced a ban Sunday...
  12. Hanno Labuschagne

    Meta falls out of top 10 most valuable companies

    Meta falls out of top 10 most valuable companies Meta Platforms Inc. has tumbled out of the world’s 10 largest companies by market value, hammered by its worst monthly stock decline ever. Once the world’s sixth largest company with a valuation in excess of $1 trillion, the Facebook parent...
  13. Hanno Labuschagne

    Social media must be liable for harm to children — New law

    Social media must be liable for harm to children — New law Social media companies would be liable for harm to minors under a new bipartisan proposal introduced Wednesday in the Senate. Content-targeting, unlimited screen time, and engagement-driving features like auto-play also would be...
  14. Hanno Labuschagne

    Facebook's Diem cryptocurrency project being sold — Report

    Facebook's Diem cryptocurrency project being sold — Report The controversial cryptocurrency project that Mark Zuckerberg once defended in front of Congress is unraveling after regulatory pressure. The Diem Association, a cryptocurrency initiative once known as Libra backed by Meta Platforms...
  15. Hanno Labuschagne

    Apple engineers got up to R2.84-million bonuses to stop them moving to Meta

    Apple engineers got up to R2.84-million bonuses to stop them moving to Meta Apple Inc. has issued unusual and significant stock bonuses to some engineers in an effort to retain talent, looking to stave off defections to tech rivals such as Facebook owner Meta Platforms Inc. Last week, the...
  16. Jan

    Google joins GM, Intel as latest to pull out of CES

    Google pulls out of CES on Omicron fears Google and General Motors Co. joined Intel Corp., the world’s largest chipmaker, and Alphabet Inc.’s autonomous driving unit, Waymo, in pulling out of in-person presentations at the CES technology conference scheduled for next month. GM said Thursday it...
  17. Hanno Labuschagne

    Instagram boss bumps heads with US lawmakers over app's real world safety issues

    Instagram boss bumps heads with US lawmakers over app's real world safety issues The executive who runs Instagram and U.S. senators in a hearing on Wednesday presented radically different views about how the platform functions in society and impacts young users. Members of the Senate Commerce...
  18. Jan

    Default disappearing messages launched on WhatsApp

    WhatsApp message privacy update WhatsApp will let users choose whether their messages automatically disappear after 24 hours, 7 days, or 90 days.
  19. Hanno Labuschagne

    Facebook's cryptocurrency co-creator quits

    Facebook's cryptocurrency co-creator quits David Marcus, one of the top executives at Meta Platforms Inc. and the co-creator of the yet-to-be-launched Diem digital currency, is leaving the company after seven years to pursue other projects. Marcus, who joined the Facebook parent company in...
  20. Jan

    UK competition regulator orders Facebook to sell Giphy

    Facebook ordered to sell animated GIF service The U.K.’s antitrust watchdog said that Facebook parent Meta Platforms Inc. must sell Giphy to address competition concerns, the first time the regulator has forced a Big Tech firm to unwind an already completed deal. The Competition and Markets...
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