The hold of social media on advertisers is weakening while old-school players in the ad industry are reporting a more upbeat experience.
Investors are also bracing for flat user growth and a third consecutive quarter of profit declines.
Kylie Jenner, the reality-show celebrity who is the most followed woman on Instagram, asked the app to “stop trying to be TikTok”.
TikTok has been conducting tests so users can play games on its video-sharing app, part of plans for a major push into gaming, sources said.
Netflix has suspended its service in Russia, less than a week after it temporarily stopped all future projects and acquisitions in the country.
TikTok is working on ways to rate and restrict content by age in order to prevent adult content from reaching teenage users.
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?
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.