Meta, the parent company of Facebook and Instagram, posted a revenue decline for the third consecutive quarter as it faces a pullback in ad spending and heightened competition from the likes of TikTok. Overall, the internet company reported revenue of $32.17 billion, down 4% year over year, for the fourth…
Mark Zuckerberg
Facebook’s parent company Meta is set to lay off 11,000 people and reduce its workforce by 13%, founder and CEO Mark Zuckerberg announced on Wednesday (Nov. 9). The news was shared around 3 a.m. PST with staff access “to most Meta systems” removed effective immediately. In a company-wide memo that…
Frontmen should be fun. Obnoxious, pretentious, eccentric… yes, all good words when it comes to the face of your favorite rock band. So when singer Matty Healy introduces the 1975 as “the greatest band on the planet,” or gnaws on a slab of raw meat or mimics masturbation more than…
Elon Musk should bring Vine back from the dead — if not the app or the brand itself, a short-form video feature like the one pioneered by Twitter’s long-defunct and dearly departed app. Of course, Musk has more urgent business to attend to after he finally closed the rocky $44…
Meta was buffeted by a broad ad-spending slowdown in the third quarter, reporting a year-over-year revenue decline of 4%, while it missed Wall Street expectations on the bottom line as heavy metaverse investments continued to eat into earnings. The company said its flagship Facebook app had 1.984 billion daily active…
Instagram has placed a restriction on Kanye “Ye” West’s account after deleting content for a violation of the platform’s policies. A Meta spokesperson confirmed the decision to Variety, sharing that temporary restrictions on posting, commenting and messaging are standard practice for accounts that regularly violate the social media platform’s policies.…
Pornhub, the embattled adult-content site, lashed out at the decision by Instagram to permanently ban its account on the social network, citing Instagram’s practice of allowing celebrities like Kim Kardashian to post photos with nudity as an example of a double standard. In a letter addressed to senior execs at…