Meta: Instagram owner has first ever fall in sales revenue but monthly Facebook usage grows July 28, 2022 Facebook and Instagram owner Meta had its first ever drop in sales revenue in the first time in its history. The social media giant’s revenue stood at $28.2bn in the first three months up to June this year, down from $29bn in the same period last year, marking a one per cent fall. The Mark [...]
Meta shares surge despite Facebook owner’s weakest revenue growth for a decade April 28, 2022 Meta shares were lifted after the social media giant’s first earnings report, despite missing Wall Street analysts’ revenue estimates. Facebook’s owner saw shares surge some 13 per cent after, revealing it had managed to claw back some users, after previously reporting its first ever decline in user-numbers. Meta lost a staggering $230bn in market value [...]
Meta plots entry into red hot NFT market January 20, 2022 Meta is reportedly working on plans to let users create and sell non-fungible tokens as the global market for digital collectibles heats up.
Ex-Meta staff raise $200m for new crypto venture March 16, 2022 Former Meta staffers have created a $1bn crypto startup from the ashes of Diem, the abortive stablecoin project shut down earlier this year.
Letters: Thinking outside the (meta) box November 11, 2021 [Re: Interacting in the metaverse, November 10] Nicola Mendelsohn’s plans to have us all living our lives inside the “metaverse” border on delusional. Sure, Facebook (or Meta), has proved the case for addictive social media. But there’s a growing backlash to this with people paying to go on phone-free retreats. How does making social media [...]
Russia to block Instagram on Monday after branding Meta an ‘extremist organisation’ March 12, 2022 The Kremlin has told Russian Instagram users they have until the end of the weekend to transfer any photos or videos they have saved on the social platform, onto their own computers, after confirming Instagram will be “definitively blocked” from midnight on Monday. The comments come after Russia’s media watchdog, Roskomnadzor, said it will be [...]
Meta madness: Virtual clothing trade marks surge as brands look to monetise on NFT potential May 30, 2022 Virtual clothing trade marks jump by a third to 2,146 in past year, as more and more brands look to capitalise on meta fashion. According to a new study by intellectual property law firm Mathys & Squire, trade marks were up 35 per cent to 2,146 this year, as fashion powerhouse like Dolce & Gabbana [...]
Sorry Zuckerberg: UK competition watchdog gets green light for majority of Meta Giphy merger probe June 14, 2022 The Competition Appeal Tribunal (CAT) has backed the majority of the UK competition watchdog's probe into Meta's merger with Giphy, causing a mighty blow for the Facebook owner's team.
Before giving the CMA more teeth, we should look at its Meta shaped bite marks June 16, 2022 The Competition and Markets Authority (CMA) has been flexing its muscles like a growing schoolboy recently. On Tuesday, it finally got a well-deserved admonishment from the Competition Appeals Tribunal after an appeal by Meta – the company formerly known as Facebook – against the watchdog’s decision to stop it buying Giphy, a provider of moving [...]
Meta builds social reality space Horizon Worlds December 10, 2021 Meta (Facebook) has released its first social reality space, Horizon Worlds, after a year of testing.