meta Meta Posts $32 Billion Q2 Revenue as Ad Business Recovers Meta surpasses Wall Street expectations with an 11% increase in second-quarter revenue, signaling a strong recovery for its core advertising business.
facebook Facebook's AI Language Model Leaks Online Through 4Chan Meta's large language model escapes containment and appears on 4Chan, raising serious concerns about AI security and unauthorized distribution.
meta Meta Agrees to Record $725 Million Settlement Over Facebook Data Scandal Meta agrees to a $725 million class action settlement to resolve the Cambridge Analytica data harvesting lawsuit. The deal spares top executives, including Mark Zuckerberg, from facing further questioning in court.
twitter Twitter Bans Links to Rival Platforms Like Facebook and Mastodon Twitter prohibits users from posting links to several rival social media networks, including Facebook, Instagram, and Mastodon. The new policy also bans workarounds and link aggregators as part of Elon Musk's ongoing crackdown on certain platform content.
twitter Twitter Quietly Walks Back Controversial Ban on Rival Social Media Links Twitter removes a restrictive policy that temporarily bans users from posting links or handles to rival platforms like Facebook and Mastodon. The company now indicates it will only suspend accounts created solely to promote other social networks.
meta Meta Lays Off 11,000 Workers Amid Major Tech Industry Slowdown Facebook's parent company Meta eliminates 11,000 jobs as it faces declining revenue and a broader industry pullback. The layoffs mark the largest job cuts in the company's history.
meta Meta Stock Plunges 25% as Ad Slump and Metaverse Bets Devastate Earnings Meta's stock drops to 2016 levels after a weak third-quarter earnings report shows declining revenue and massive metaverse investments. The tech giant faces compounded pressure from an advertising slowdown, Apple's privacy changes, and a strong U.S. dollar.
meta Meta's Massive Stock Plunge Fails to Deter Zuckerberg's Metaverse Investment Despite a devastating 20 percent stock drop and massive market value losses, Mark Zuckerberg maintains total control over Meta and continues to pour billions into his metaverse vision.
tiktok TikTok Rises as News Source While Facebook Sees Decline A new Pew Research study shows 33% of TikTok users regularly get news from the app, up from 22% in 2020. Meanwhile, Facebook experiences a significant drop in its news consumption metrics.
ai 4chan Exploits AI Image Generator to Create Realistic Nude Deepfakes 4chan users exploit the Stability Diffusion AI model to generate realistic nude deepfakes, raising significant concerns about digital safety. Meanwhile, Peloton expands its sales strategy through a new partnership with Amazon.
facebook Facebook Slips From Top 10 App Rankings As TikTok and BeReal Surge New data shows Facebook is frequently dropping out of the Top 10 free iPhone apps in the U.S. as younger users flock to competitors like BeReal and TikTok.
meta Meta Reuses 2020 Political Ad Restrictions for Upcoming U.S. Midterms Meta plans to disable new political and issue-based ads during the week before the November midterm elections. The company is relying on the same playbook it used in 2020 despite past enforcement failures.
facebook Teens Abandon Facebook as Twilio Faces Major Phishing Attack A new Pew study shows teen usage of Facebook drops from 71% to just 32% since 2014. Meanwhile, Twilio suffers a security breach impacting 125 customers after employees fall victim to an SMS phishing scam.
facebook Teens Abandon Facebook While Twilio Faces Major Phishing Hack A new Pew study shows teen usage of Facebook drops to just 32% as young users flock to TikTok and YouTube. Meanwhile, Twilio suffers a massive SMS phishing attack compromising employee credentials.
facebook Pew Study Reveals Massive Decline in Teen Facebook Usage A new Pew Research Center study shows that only 32% of U.S. teens use Facebook, a steep drop from 71% nearly a decade ago. Gen Z users are abandoning the platform for more engaging alternatives, perceiving Facebook as a boring utility meant for older generations.