Tag Archives: Meta

For years, internet giants that have provided “free” services, had their business models hinged on collecting user data and monetising it in the form of advertisements. Recent global incidents that have put the spotlight on data privacy issues have also forced internet companies to make amends to their methods in order to give their users a better handle on their online data. At the same time, these big-tech firms such as Facebook, Apple, Google and Amazon have also come under antitrust… Source link

Text size Investors in Meta have been taken on a wild ride this month. There are more threats ahead. Chris Delmas/AFP via Getty Images … Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, February 16, 2022 Meta wants to sell us the metaverse without saying what it is Facebook parent Meta (FB) is banking on the metaverse to save it from plateauing user numbers and competition from the likes of TikTok. But the social media giant blew its first real chance at giving the… Source link

(Bloomberg) — Peter Thiel, the tech investor and conservative provocateur who has advised Mark Zuckerberg for nearly two decades at Facebook parent Meta Platforms Inc., will step down from the company’s board after Meta’s annual shareholder meeting in May. Most Read from Bloomberg Thiel, 54, who became a director in 2005 after an early investment in Facebook, plans to increase his political support of former President Donald Trump’s agenda during the 2022 election and doesn’t want his… Source link

Shares of Facebook parent Meta were hammered Thursday, falling 26% after the company revealed that privacy changes Apple made to its iOS platform last year have begun to sink their teeth into the social networking giant’s bottom line. During its Q4 earnings report released Wednesday, Meta CEO Mark Zuckerberg explained that Apple’s App Tracking Transparency feature, or ATT, will cut $10 billion out of Meta’s earnings in 2022. Apps like Snap and Pinterest, however, appear to be fairing better in… Source link

Facebook shares are likely to stay in the penalty box for some time in the wake of a lackluster fourth quarter and even worse 2022 outlook as Apple privacy changes and a surging TikTok take their collective toll on profits. “Shares are probably dead money at this level of growth for at least the next three months,” said top tech analyst Mark Mahaney of EvercoreISI on Yahoo Finance Live. Meta shares were rocked to the tune of 25% on Thursday’s session, and rightfully so most analysts… Source link

Bitcoin bull Michael Saylor says Meta should have stayed around longer in the crypto space. “The mistake [they made] was not getting into the crypto space. They wasted many, many years of their time with the project they invested in,” the MicroStrategy CEO and founder said on Yahoo Finance Live. This week, Diem — Facebook’s one-time crypto venture — said it sold its assets and intellectual property to crypto bank Silvergate Capital. Sale price: $182 million. The sale effectively ends… Source link

(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history. Most Read from Bloomberg The Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion. At current levels, that’s the biggest collapse in market value for any U.S. company. But there’s no certainty the losses will hold, especially given the recent volatility that’s whipped across technology shares. Markets… Source link

Text size It’s another big week for tech stocks, with results coming from Google, Amazon, Meta, and others. Denis Charlet/AFP via Getty Images … Source link

To say that Big Tech controls the internet might seem like an exaggeration. Increasingly, in at least one sense, it’s literally true. The internet can seem intangible, a post-physical environment where things like viral posts, virtual goods and metaverse concerts just sort of happen. But creating that illusion requires a truly gargantuan—and quickly-growing—web of physical connections. Fiber-optic cable, which carries 95% of the world’s international internet traffic, links up pretty… Source link