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....

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...

Happy Birthday Sheryl Sandberg: Thanks For Making Facebook So Awesome!

Sheryl Kara Sandberg, a prominent figure in the tech industry, is a visionary leader known for her instrumental role in shaping the success of two billion-dollar companies, Google Inc. (NASDAQ:GOOGL) and Meta Platforms, Inc. (NASDAQ: META). With a remarkable...

Meta Q2 2023 Earnings: Double-Digit Ad Revenue Growth is Back, But Reality Labs Continue To Make Hole In Pocket

Meta Platforms, Inc. (Nasdaq: META) recently revealed its financial results for the second quarter ended June 30, 2023, and the numbers portray a notable upturn in its performance. The company's overall performance showed a noticeable improvement, with decent revenue...

Meta’s Threads: An Emerging Threat to Twitter’s Dominance?

Meta has finally launched Threads, a text-based social media platform. It is currently available on the Apple App Store and Google Play Store. Interestingly, Threads passed 5 million sign-ups within the first four hours of its public launch, reveals...

India Welcomes Meta Verified: Get Blue Tick on Facebook and Instagram Now

Unleashing a wave of excitement, Meta Platforms, Inc (NASDAQ: META) has opened the waiting list for Meta Verified to all Indian users. This means that any individual in India who meets the necessary criteria and has an Instagram or...

Another massive layoff at Meta raises concerns about the company’s future!

The technology industry has been going through a tough phase due to the massive layoffs in the last six months. This shows no signs of abating. Meta Platforms, Inc. (NASDAQ: META), the parent company of Facebook, is reportedly planning...
- Advertisement -

Latest News

Google Invests in Flipkart: Gearing Up for Quick Commerce Battle

Flipkart, India's e-commerce major, secured a $300-$350 million investment from Google, positioning the tech giant as a minor investor....
- Advertisement -