Meta’s revenue shrank for the first time in its history And Meta’s Reality Labs cost the company almost $3 billion last quarter. N. Ingraham Carlos Barria / reuters Facebook parent company Meta has just reported its earnings for the second quarter of 2022, and it was another quarter of shrinking profits. Total revenue of $28.8 … Continue reading Dozens of Facebook contractors lost their jobs after an algorithm reportedly chose them ‘at random’
Facebook runs full-page newspaper ads to attack iOS 14 privacy changes Small businesses will suffer if they can’t use targeted ads, the company argues. N. Summers @nisummers Dado Ruvic / reuters Facebook is using full-page newspaper ads to criticize an upcoming Apple policy that will give iPhone and iPad customer the choice over whether … Continue reading Apple reportedly tried to partner with Facebook to get a cut of its revenue
A fifth of US teens use YouTube ‘almost constantly,’ with TikTok not far behind A Pew survey suggested Instagram and Snapchat adoption rose, but Facebook and Twitter are less popular among teens than in 2015. K. Holt @krisholt Xavier Lorenzo via Getty Images Pew Research has published a new report that examines social media … Continue reading DoorDash is now delivering purchases from Facebook Marketplace
By Michael Grothaus August 01, 2022 The metaverse is not yet upon us, but companies are already cutting back on hiring in the sector. That’s according to a report from Bloomberg, which highlights a study by Revelio Labs, which showed that postings for jobs relating to the “metaverse” declined by a whopping 81% between … Continue reading ‘Metaverse’ job openings are down 81% as Facebook, Apple, and Google roll back hiring
By Danica Lo June 22, 2022 In a seven-part threaded post (June 30, 2022), Facebook founder Mark Zuckerberg outlined near-future plans that aim to enhance opportunities for influencers and digital creators to earn money by posting on both Facebook and its Meta-owned sister platform Instagram. The announcement includes opening up the Facebook … Continue reading Mark Zuckerberg announces new creator monetization tools for Facebook and Instagram
Second time company has settled a federal lawsuit about advertising bias. Constantine von Hoffman on June 22, 2022 Facebook’s parent company Meta will revamp its targeted advertising system following accusations it allowed landlords to run discriminatory ads. This is part of a sweeping settlement to a Fair Housing Act lawsuit announced Tuesday by the U.S. … Continue reading Facebook agrees to revamp adtech over discrimination charges
It won’t help brands looking for granular targeting and lead generation. Nicole Farley on June 9, 2022 Meta’s Facebook is said to be planning a Basic Ads product aimed at brands looking to raise customer awareness. Basic Ads are so-called because they would report only the simplest metrics such as engagement and video views. Facebook … Continue reading Facebook said to be planning Basic Ads product
Facebook issues $397 checks to Illinois residents as part of class-action lawsuit The social media giant agreed to settle a lawsuit over its use of facial recognition. A. Khalid @askhalid May 18th, 2022 Dado Ruvic / reuters More than a million Illinois residents will receive a $397 settlement payment from Facebook this week, thanks to … Continue reading Facebook issues $397 checks to Illinois residents as part of class-action lawsuit
Quick Question: What’s The Top U.S. Industry Advertising On Facebook? by Joe Mandese @mp_joemandese, May 27, 2022 If you guessed government/politics, you’re way ahead of me. And you probably also have some strong opinions about how that correlates to parent Meta’s decisions – or indecisions – about regulating organic political content. While it doesn’t speak … Continue reading Quick Question: What’s The Top U.S. Industry Advertising On Facebook?
Says group is too diverse to be granted class-action status. Constantine von Hoffman on April 18, 2022 Meta is asking an appellate court to overturn a ruling granting class-action status to a lawsuit claiming Facebook inflated advertising numbers. The company filed papers on Friday with the 9th Circuit Court of Appeals for permission to immediately … Continue reading Meta asks court to intervene in $7 billion lawsuit over Facebook audience numbers
