TikTok, the pandemic and mobile data costs in India all helped draw people away from Facebook at an unprecedented rate last quarter. The big question is, when will it be Instagram’s turn?
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Mark Zuckerberg lost $29-billion in net worth on Thursday as Meta Platforms’ stock marked a record one-day plunge, while Jeff Bezos was set to add $20-billion.
Facebook owner Meta Platforms’ shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast.
The social media landscape seems to be rapidly shifting towards short-form video, a space dominated not by Facebook but by TikTok.
Hackers have stolen cryptocurrency worth more than $320-million from a decentralised finance platform, the fourth-largest crypto heist on record.
Japan’s Sony Group on Wednesday posted a 32% rise in third quarter operating profit, smashing analyst estimates.
Google parent Alphabet reported record quarterly sales that topped expectations as its Internet advertising business surged.
Popular word game Wordle has been bought by the New York Times for a seven-figure US dollar amount.
Sony Interactive Entertainment will acquire Bungie in a deal valued at $3.6-billion, making it the latest in a wave of consolidations sweeping the gaming sector.
The crypto exchange has restricted the personal accounts of some Nigerian users to comply with anti-money laundering regulations.