Meta Reports A Record-High Advertising Revenue in 2023: Reality Labs Losses Exceed $16 Billion

Meta Platforms, Inc. (Nasdaq: META) recently unveiled its financial results for the full year ended December 31, 2023. The tech giant reported an impressive 15.7% YoY growth in its operating revenue, reaching an all-time high of $134.9 billion worldwide....

X’s $13 Billion Debt Strain on Banks: Can Elon Musk’s Verbal Promises Shield Them from Losses?

In October 2022, Elon Musk made headlines with his astonishing $43 billion acquisition of Twitter, a move facilitated by a substantial $13 billion loan from prominent financial institutions. However, since then, the social media platform has been facing challenges...

X Advertising Revenue Drops Nearly 40% in 2023: Can Subscription Push Fill the Gap?

Elon Musk's owned X, formerly Twitter, continues to grapple with a substantial dip in its advertising revenue. The social media platform is estimated to generate roughly $2.5 billion in advertising revenue in 2023, a nearly 40% decline from the...

Elon Musk’s Fury Towards Advertisers, Holding Them Responsible for the Future Demise of X

Elon Musk's response to advertisers who halted ads on X platform: Go. Fuckk. Yourself. Musk's outspoken and unapologetic style has fueled the ongoing debate surrounding free speech and responsible social media use. Elon Musk, known for his controversial posts on...

ShareChat Spent ₹7.4 to Generate Just ₹1 as Operating Revenue in FY23: Struggling to Grow in India’s Short-Video-Sharing Market

The ban on TikTok in India gave birth to many short-video sharing platforms, with ShareChat and Moj emerging as the nation's favourites. Mohalla Tech, the parent company of ShareChat and Moj, recently disclosed its financial performance for the fiscal...

Elon Musk’s Arduous Efforts to Keep Users and Advertisers Hooked to X Platform

Since Elon Musk's acquisition of Twitter, now rebranded as X, the platform's trajectory has become a central focus among industry leaders and business analysts. X is on a rollercoaster, grappling with challenges like retaining and attracting new advertisers as...

Mastering Digital Marketing 2023: A Comprehensive Guide to Succeed

Digital marketing is one of the most powerful marketing tools available to businesses and professionals these days. There are over 4 billion people who are using at least one social media channel. With a good digital marketing campaign, you...

Meta Q3 2023 Earnings: A 164% YoY Surge in Net Profit and Resurgence of the Advertising Business

Meta Platforms, Inc. (Nasdaq: META) has unveiled its financial results for the third quarter ended September 30, 2023, and the numbers portray a remarkable performance. Meta’s global revenue in Q3 2023 increased 23.2% YoY to a record high of $34.15 billion. This trend...

The Move by TikTok: An Imminent Threat to YouTube Supremacy

In a surprise move, TikTok is piloting a feature that would make the top bosses of YouTube very anxious. Introducing this new feature is a significant change to TikTok's content framework that would considerably impact YouTube, both in terms...

End of Free Lunch: Elon Musk to Make X a Paid Platform for All Users

Get ready for a paradigm shift in the digital realm! X, once known as Twitter, is set to redefine the social media landscape by introducing a nominal annual subscription fee. Under this innovative approach, users will invest just $1...
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Paytm App Downloads and User Engagement Take a Nosedive Post RBI Measures

The regulatory measures imposed on Paytm Payments Bank by the Reserve Bank of India (RBI) have had a direct...
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