social media
Brief
Meta Reports A Record-High Advertising Revenue in 2023: Reality Labs Losses Exceed $16 Billion
Dazeinfo -
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....
Brief
X’s $13 Billion Debt Strain on Banks: Can Elon Musk’s Verbal Promises Shield Them from Losses?
Dazeinfo -
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...
Brief
X Loses Major Advertisers: Disney Boosts Instagram with a 40% Surge in Ad Spending
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Last month, many industry titans, such as Walt Disney, Apple, IBM and Comcast, abruptly halted their advertisements on the X platform. This abrupt move was triggered by Elon Musk's controversial antisemitic posts and comments on the X platform, which stirred...
Brief
X Advertising Revenue Drops Nearly 40% in 2023: Can Subscription Push Fill the Gap?
Dazeinfo -
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...
Brief
Elon Musk’s Fury Towards Advertisers, Holding Them Responsible for the Future Demise of X
Dazeinfo -
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...
Brief
Elon Musk’s Arduous Efforts to Keep Users and Advertisers Hooked to X Platform
Dazeinfo -
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...
Brief
Meta Q3 2023 Earnings: A 164% YoY Surge in Net Profit and Resurgence of the Advertising Business
Dazeinfo -
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...
Brief
The Move by TikTok: An Imminent Threat to YouTube Supremacy
Dazeinfo -
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...
Brief
End of Free Lunch: Elon Musk to Make X a Paid Platform for All Users
Dazeinfo -
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...
Brief
Meta Q2 2023 Earnings: Double-Digit Ad Revenue Growth is Back, But Reality Labs Continue To Make Hole In Pocket
Dazeinfo -
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...
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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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