by T-social-media | Feb 6, 2023 | News
A US judge has granted Meta permission to proceed with its acquisition of VR company Within, despite the US Federal Trade Commission’s continuing antitrust complaint against the internet giant (FTC). The court denied the FTC’s demand for a preliminary...
by T-social-media | Feb 5, 2023 | News
The stronger cost controls implemented by Meta Platforms Inc this year, as well as a fresh $40 billion share repurchase, drove shares surging on Wednesday, as CEO Mark Zuckerberg declared 2023 the “Year of Efficiency.” The parent company of Instagram and...
by T-social-media | Feb 2, 2023 | News
Meta annual sales dropped to 1% to $116.6 billion in 2022, while Facebook’s daily user base surpassed two billion for the first time. The social media behemoth recorded revenues of $32.17 billion. In the fourth quarter, net income fell to $4.65 billion, or $1.76...
by T-social-media | Jan 30, 2023 | News
After laying off 11,000 employees in November of last year, Meta Founder and CEO Mark Zuckerberg have reportedly put the company’s middle management on notice. According to The Verge’s Alex Heath’s newsletter Command Line, Zuckerberg warned managers...
by T-social-media | Jan 12, 2023 | News
Meta, Facebook, and Instagram’s parent company was fined $414 million by Ireland’s Data Protection Commission (DPC) for violating EU privacy regulations. The DPC claims that Meta illegally coerced consumers to consent to customized and targeted ads. As a...
