Social Media

Meta Q1 2024: Jaw-Dropping Surge in Revenue and Net Profit, But Reality Labs Burning Billions

Meta Platforms, Inc. (NASDAQ: META) has unveiled its financial results for the first quarter of 2024 and it is nothing short of remarkable. The tech giant has witnessed robust growth across its suite of apps and continues to forge...

Facebook’s Secret Data Sharing Deal with Netflix Exposed: How It Fueled Targeted Ads and Billions in Revenue

Facebook's history of sharing user data with external entities is no secret. In 2012, the social media giant faced scrutiny for sharing data with Cambridge Analytica, resulting in a hefty $5 billion fine. Now, a new court document filed...

WhatsApp’s Upcoming AI Features are Game Changers: Redefining User Experience

In the competitive landscape of technological advancement, integrating artificial intelligence (AI) into existing offerings has become a top priority for companies. Meta, under the leadership of Mark Zuckerberg, is no exception to this trend. WhatsApp, in particular, is on...

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...
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Latest News

Meta Q1 2024: Jaw-Dropping Surge in Revenue and Net Profit, But Reality Labs Burning Billions

Meta Platforms, Inc. (NASDAQ: META) has unveiled its financial results for the first quarter of 2024 and it is...
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