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.
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Facebook’s announcement that user numbers had dropped for the first time laid bare a long-neglected vulnerability: it’s a one-trick pony.
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.
The global advertising industry will notch higher growth this year than previously, according to two ad industry forecasts released on Monday.
South African publishers, including Media24, are taking Google and Meta Platforms to the Competition Commission, seeking compensation for use of their journalism.
Facebook risks missing the point of the metaverse – and a coming shift in consumer behaviour – according to pioneers in the space.
It seems to be a rite of passage that as technology billionaires get older, they spend more time chasing dreams they might have fantasised about as kids.
Facebook is rebranding itself as Meta, a name change that comes as the company battles criticism over its market power.
A report that Facebook plans to change its corporate name has prompted a flurry of online speculation as industry followers rushed to register their guesses.