Page 8 - Facebook

UK competition watchdog fines Meta $2 million over Giphy acquisition

Meta failed to notify the regulator about the resignation of three key employees and the reallocation of their roles, according to the watchdog

Sky-high markets are new risk to billionaires beyond death and divorce

Mark Zuckerberg's wealth plummeted as much as $31 billion on Thursday, the third-biggest one-day drop in wealth since the Bloomberg Billionaires Index began compiling data in 2012

Meta adds personal boundary to VR avatars to stop sexual harassment

Metaverse may also see sexual harassment from people via their virtual avatars and it has now unveiled 'personal boundary' that prevents avatars from coming within a set distance of each other

Gold heads for weekly gain as US stocks slide

Gold headed for a weekly advance as US equities fell after Meta suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the US Fed's monetary policy path.

Covid LIVE: Gyms, theatres can function with 100% capacity in Karnataka

'Gyms, cinema halls, swimming pools and Yoga centres have been allowed to function with 100% capacity with strictly adhering to Covid appropriate behaviour,' reads the order

Snap and Pinterest stocks soar after results dispel Facebook fears

Both companies topped Wall Street predictions with sales and earnings, with Snap even posting a surprise profit -- its first as a publicly held business

TikTok is the future of social media, agree Meta, Snapchat

In an earnings call, Snap CEO Evan Spiegel said that less time is being spent watching Stories from friends on Snapchat

Zuckerberg tells staff to focus on video products as Meta's stock plunges

Facebook lost a record $251 billion of value in a single day

Meta stock drops 26% in a day, Mark Zuckerberg's wealth down by $29 bn

Meta stock has dropped by more than $200 bn in the biggest single day market value wipeout for a US company; Jeff Bezos, meanwhile, added $20 bn to wealth on Amazon's blockbuster earnings

TikTok, user base, ad share: Reasons Mark Zuckerberg's Meta is in trouble

The company formerly known as Facebook has hit major turbulence as it suffered its biggest one-day wipeout ever.

World stocks fall on central banks' inflation outlook, glum Facebook update

On Wall Street, Facebook-owner Meta Platforms' dour forecast sent its stock plummeting, abruptly ending a nascent recovery built on upbeat earnings from big tech companies

Meta's share price wipe-out shakes up world technology stocks

It marked the company's worst one-day loss since its Wall Street debut in 2012

Australia's wealthiest man drags Facebook to court over scam ads

Forrest, Australia's richest man and chairman of Fortescue Metals Group, said he was taking the action to stop people losing money to clickbait advertising scams

High attrition, employee cost casts spell on IT stks; buy on dips: Analysts

The nervousness in the IT stocks, analysts believe, is on account of rising employee costs at a time the business growth has been modest year-on-year in the December 2021 quarter (Q3FY22)

Facebook plunges over 25% as Tiktok steals user attention

Investors wipe off $200 bn from m-cap after firm misses major projections in earnings update

Data price hikes limited Facebook user growth in India, says Meta

Increase in data rates in India limited the user growth of Meta (formerly Facebook) in the December 2021 quarter, the social media major said. Telecom companies Bharti Airtel, Vodafone Idea and Reliance Jio had increased their mobile service rates in the range of 18 to 25 per cent in the December quarter. The profit of Meta declined by 8 per cent to USD 10.28 billion in the December 2021 quarter, from USD 11.21 billion in the same period a year ago. "Facebook user growth was impacted by a few headwinds in the fourth quarter. In Asia-Pacific and Rest of World, we believe Covid resurgences during prior periods pulled forward user growth. User growth in India was also limited by an increase in data package pricing. "In addition to these factors, we believe competitive services are negatively impacting growth, particularly with younger audiences," Meta's Chief Financial Officer Dave Wehner said during an earnings call. Its monthly active users (MAUs), however, grew 4 per cent on an an

Shares of Meta plunge 22% on lower profits, co loses $200 bn in valuations

If the drop holds until the market opens Thursday, the company's overall value is on track to drop by a figure greater than the size of the entire Greek economy, based on data from the World Bank

Shifting central banks, Facebook status update restart selloff

By Marc Jones

Prepaid data hike in India slowed user growth, admits Facebook

In November, leading telecom players Bharti Airtel, Reliance Jio and Vodafone Idea increased prepaid tariff rates by up to 25 per cent

Apple iOS privacy changes will cost Meta $10 billion in 2022

In an earnings call with analysts late on Wednesday, Meta CFO David Wehner said that they saw revenue impact with iOS changes in Q4 2021.