Tag Archives: Meta

Chinnapong Both Google (NASDAQ:GOOG)(NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) for years have been competing with each other in the video segment of a broader digital advertising market. While the former managed to take the lead thanks to the aggressive growth of YouTube in recent years, the latter nevertheless has been actively exploring options on how to narrow the gap by promoting various video products within Facebook and Instagram. However, the rise of short-form video content… Source link

2022 marked the first year since 2014 that Google and Meta’s advertising market share dropped below 50%, standing at 48.4%. By the end of 2023, that number is expected to drop to 44.9%. What’s going on. Amazon, ByteDance’s TikTok and streaming services like Netflix are continuing to increase their foothold. People are spending less time online on sites like Google and Meta, so it’s no surprise that they’re facing hurdles, despite still… Source link

Enlarge / The Overture Maps logo. Overture Maps Foundation Google Maps is getting some competition. The Linux Foundation has announced Overture Maps, a “new collaborative effort to develop interoperable open map data as a shared asset that can strengthen mapping services worldwide.” It’s an open source mapping effort that includes a list of heavy hitters: Amazon Web Services (AWS), Meta, Microsoft, and TomTom,… Source link

Meta’s stock has had a disastrous year in large part because the underlying company has had a disastrous year headlined by sweeping layoffs, weakening ad sales, and poor execution by CEO Mark Zuckerberg. But the stock caught one believer on Friday finally headed into the New Year. “Heading into 2023, we believe some of these top and bottom line pressures will ease, and most importantly, Meta is showing encouraging signs of increasing cost discipline, we believe with more to come,” said JP… Source link

Meta, Amazon Web Services (AWS), Microsoft, and mapping company TomTom have launched a new mapping initiative in partnership with The Linux Foundation that could challenge the dominance Google holds in the mapping world, TechCrunch reports. The recently launched Overture Maps Foundation aims to encourage the development of new map products with openly available databases members can contribute to and reuse across companies and apps. It will additionally use open data that already exists from… Source link

Meta Platforms’ Mark Zuckerberg isn’t the only CEO spending more time overseeing the development of costly consumer devices. At Google, CEO Sundar Pichai directly manages two executives in charge of hardware businesses—Rick Osterloh, who oversees Pixel phones, Fitbit fitness trackers and Nest smart home devices; and Clay Bavor, who is working on experimental projects such as augmented reality headsets. Google is prioritizing the development of its own devices as Apple increases… Source link

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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Parkev Tatevosian, CFA has positions in Alphabet (C shares). The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), and Meta Platforms, Inc. The Motley Fool has a disclosure… Source link

Meta’s (META) recent mass layoff marks a turning point for a company whose business model once seemed untouchable despite years of controversies over privacy and Russian election interference. While some might blame Meta’s fall on CEO Mark Zuckerberg’s obsession with the immersive online world known as the metaverse, that’s only one factor that helped send its stock price plummeting 70% in the last year. Other major blows include the rise of short-form video platform TikTok, Apple… Source link

Meta’s (META) supersized layoffs unveiled on Wednesday could serve up a major profit tailwind. “We believe Meta’s decision to lower the midpoint of FY23 total expense and capex guides by $1.5 billion and $1 billion, respectively, should provide a minimum 8% boost to FY23 EPS [earnings per share],” Jefferies Tech Analyst Brent Thill wrote in a note to clients. Meta said Wednesday it will slash 13% of its workforce, more than 11,000 employees, as it looks to redirect resources to Mark… Source link