Meta Platforms Financial News

03.01 / 01:37

markets Strategy Election President Meta Platforms reports rights Meta taps Republican Joel Kaplan to lead global policy team, replacing Nick Clegg

Meta Platforms has elevated prominent Republican Joel Kaplan to be its chief global affairs officer, replacing Nick Clegg.

02.01 / 09:57

markets Digital Platform Strategy Research Experts Meta Platforms PAM What are Meta's big bets in 2025: AI tools and Metaverse

Meta's chief technology officer and head of Reality Labs, Andrew Bosworth,in a blog post expressed optimism that the coming year would be one of the most important ones in the history of Reality Labs, the business and research unit of Meta Platforms.

02.01 / 05:19

markets UPS Platform TikTok Meta Platforms country social Videos Malaysia grants WeChat, TikTok licences to operate under new law

WeChat and ByteDance's TikTok licences to operate in the country under a new social media law, but that some other platforms had not applied.

24.12 / 01:49

markets DOW Analysis Research trends Trade Meta Platforms Wall Street ends higher on gains by most megacaps

With megacap stocks having outsized influence on markets, their performance during a week in which many investors take time off will be even more pronounced. Volumes on U.S. exchanges were 12.76 billion shares, down from the 14.89 billion shares average from the previous 20 trading days.

23.12 / 23:09

markets Digital DOW Strategy Trade Experts Meta Platforms US stock market today: S&P 500, Dow Jones, Nasdaq climb, Magnificent Seven tech stocks soar; Check top gaining shares

US Stock Market's main indexes — S&P 500, Dow Jones Industrial Average, and Nasdaq Composite — all ended higher on Monday aided by gains by many of the so-called Magnificent Seven tech stocks in the Wall Street.

14.12 / 07:51

CEO Platform Election President Meta Platforms gatherings donates Relationships The week CEOs bent the knee to Trump

Subscribe to enjoy similar stories. When Donald Trump arrived at the New York Stock Exchange this week for a postelection victory lap, dozens of influential executives lined up to catch a glimpse of the man who holds the future of their businesses in his hands. Gathered behind red velvet ropes were senior executives at Visa, Meta Platforms, Goldman Sachs, Charles Schwab and Citadel, according to people who were present.

06.12 / 21:29

Platform ByteDance TikTok Instagram Meta Platforms social Courts TikTok's loss, Facebook, Instagram's gain! Check how Meta is soaring

Facebook, Instagram-owner Meta Platforms hit a record high on Friday after a U.S. appeals court upheld a law requiring China-based ByteDance to divest its popular short video app TikTok by early next year or face a ban. The decision is a devastating blow to ByteDance, whose social media app is used by 170 million Americans. It affirmed a law, which was passed by Congress with bipartisan support and signed by President Joe Biden, that gives the U.S. government sweeping powers to ban other foreign-owned apps that could raise concerns about collection of Americans' data. TikTok and ByteDance had argued that the law is unconstitutional and violates Americans' free speech rights.

06.12 / 06:55

markets Platform Research Microchip Meta Platforms innovations rights Is this wildly overvalued stock market doomed? Yes, but maybe not yet

Subscribe to enjoy similar stories. Here are two particularly scary forecasts for investors: Goldman Sachs thinks the S&P 500 will make just 3% a year over the next 10 years, as Big Tech dominance eventually falters. Bank of America expects 0%-1% a year for a decade, a catastrophic investment prospect.

29.11 / 13:43

Platform community Bill Instagram Meta Platforms social prevention Australia passes world’s 1st social media ban for kids under 16

social media ban for children under 16 passed the Australian Senate Thursday and will soon become a world-first law.The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars (C$45.5 million) for systemic failures to prevent children younger than 16 from holding accounts.The Senate passed the bill 34 votes to 19. The House of Representatives on Wednesday overwhelmingly approved the legislation by 102 votes to 13.The House has yet to endorse opposition amendments made in the Senate.

29.11 / 03:17

markets Platform Strategy TikTok Experts Meta Platforms country social Australia's world-first social media ban for children under 16 attracts mixed reaction

Australia approved the social media ban for children late on Thursday after an emotive debate that has gripped the nation, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting big tech. The law forces tech giants from Instagram and Facebook owner Meta Platforms to TikTok to stop minors from logging in or face fines of up to A$49.5 million ($32 million). A trial of enforcement methods will start in January, with the ban to take effect in a year.

28.11 / 10:49

Platform Election ByteDance TikTok President Meta Platforms social 2020 How TikTok’s Trump whisperer changed minds in Washington

Subscribe to enjoy similar stories. When the Biden administration said in March that it supported legislation that could ban TikTok, Tony Sayegh jumped into action. Sayegh, the head of public affairs at one of TikTok’s biggest investors, had become an unofficial adviser to the Chinese-owned social-media giant as it navigates survival in the geopolitical crosshairs of the world’s two superpowers.

26.11 / 03:53

markets Digital Google Platform Bill Experts Meta Platforms social Google, Meta urge Australia to delay bill on social media ban for children

Google and Facebook-owner Meta Platforms urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact. Prime Minister Anthony Albanese's centre-left government wants to pass the bill, which represents some of the toughest controls on children's social media use imposed by any country, into law by the end of the parliamentary year on Thursday. The bill was introduced in parliament last week and opened for submissions of opinions for only one day.

30.10 / 19:23

markets COST Digital Platform Experts Meta Platforms PAM social Meta India FY24 ad revenue logs 24% growth

Meta India posted a 24% growth in gross advertising revenue, reaching ₹22,730 crore for the fiscal year ending on 31 March, compared to ₹18,308 crore in the previous fiscal year, as per the company's filings with the RoC. The Indian unit of global social media giant Meta Platforms, which still operates under the legal name Facebook India Online Services, recorded a modest 13% growth in gross advertising revenue for the fiscal year ending on March 31, 2023. The FY23 gross advertising revenue of ₹18,308 crore includes ₹6,120 crore from gross advertising reseller revenue, as the reseller model was in effect for a few months of that financial year.

29.10 / 04:17

markets UPS economy Election Trade Meta Platforms reports Stock market today: Asian shares mostly rise after Wall Street climbs on Big Tech gains

Asian shares mostly rose after U.S. stocks closed broadly higher with gains in Big Tech companies offsetting a skid in oil-and-gas stocks

24.10 / 03:15

markets Digital Manufacturing Google CEO Platform NVIDIA Meta Platforms Nvidia's design flaw with Blackwell AI chips now fixed, CEO says

Nvidia CEO Jensen Huang said on Wednesday a design flaw with its latest Blackwell AI chips which impacted production has been fixed with the help of longtime Taiwanese manufacturing partner TSMC. Nvidia unveiled Blackwell chips in March and had earlier said they would ship in the second quarter but were delayed, potentially affecting customers such as Meta Platforms, Alphabet's, Google and Microsoft. «We had a design flaw in Blackwell,» Huang said. «It was functional, but the design flaw caused the yield to be low. It was 100% Nvidia's fault.»

16.10 / 11:27

UPS Google Platform Apple NVIDIA Instagram Meta Platforms reports Nvidia will dominate Big Tech’s earnings season again

Subscribe to enjoy similar stories. It’s never a great sign when what’s going out the door gets more attention than what’s coming in. The world’s largest tech companies should at least be getting used to that by now.

27.09 / 00:59

markets Platform WhatsApp Research Instagram Meta Platforms voice Schools There’s a lot of excitement about Meta AI in rural India: global chief product officer Chris Cox

Meta AI personal assistant, which has 400 million users globally, Meta Platforms global chief product officer Chris Cox told ET. “It’s clear that India is a nation that celebrates technology and moves to the front,” Cox said in an interview. “We see a lot of startups, businesses like banks, insurance companies, doctors, researchers and developers building AI applications on top of Llama.” While aiming to build AI compute capacity, India should also invest in building the right infrastructure needed to support it, such as clean energy, said Cox, 42, who joined Facebook in 2005 as one of the first 15 engineers at the company and became chief product officer in 2014.

24.09 / 22:33

Target Platform Election TikTok Meta Platforms country social TikTok removes Russian state media accounts for 'covert influence operations' ahead of US election

TikTok has removed accounts associated with Russian state media for engaging in “covert influence operations” on the social media platform ahead of the U.S. presidential election

19.09 / 14:37

markets Platform Trade Meta Platforms social information reports gatherings Social media users lack control over data used by AI, US FTC says

Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by systems incorporating artificial intelligence, the US Federal Trade Commission said in a report released on Thursday. The report analysed how Meta Platforms, ByteDance's TikTok, Amazon's gaming platform Twitch, and others manage user data, concluding that data management and retention policies at many of the companies were «woefully inadequate.» YouTube, social media platform X, Snap, Discord and Reddit were also included in the FTC report, though its findings were anonymised and did not reveal specific companies' practices. YouTube is owned by Alphabet's Google.

12.09 / 17:25

UPS Platform Death Instagram Meta Platforms social reports prevention Dealers' paradise? How social media became a storefront for deadly fake pills as families struggle

Fentanyl overdoses have become a leading cause of death for minors in the last 5 years or so — and social media, where tainted, fake prescription drugs can be obtained with just a few clicks, is part of the problem

31.08 / 08:00

COST Manufacturing Google Platform Apple Software NVIDIA Meta Platforms The threat to OpenAI is growing

Apple, Nvidia and Microsoft are in talks to invest in OpenAI, maker of ChatGPT, at precisely the moment when it’s become apparent that the company will face tougher competition than ever in the burgeoning artificial-intelligence market. Much of that new competition is coming from startups that promise to undercut OpenAI’s services with ones that could be cheaper to use, and also better at certain narrow tasks. At least one tech giant sees promise in the new crop of AI startups.

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