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.
teens TikTok Rises as Top Teen Platform While Facebook Usage Plummets A new Pew Research Center survey reveals that TikTok is now a leading social media platform for U.S. teenagers, while Facebook's teen user base drops dramatically.
teens TikTok Rises as Facebook Plummets Among U.S. Teenagers A new Pew Research Center survey shows TikTok has become a dominant online platform for American teens, while Facebook's popularity among this age group drops dramatically. YouTube currently holds the top spot in the 2022 teen digital landscape.
meta Meta Hands Over Teen's Messages in Landmark Nebraska Abortion Prosecution Meta provides a Nebraska teenager's private Facebook messages to police, leading to felony charges for allegedly using abortion pills. The tech giant hands over the data without challenging the legal order despite the questionable grounds of the investigation.
meta Meta Hands Over Teen's Messages to Police in Landmark Abortion Prosecution Meta provides a Nebraska teenager's private Facebook messages to law enforcement, leading to severe felony charges related to a suspected abortion. The data handover occurs despite the lack of initial evidence beyond the improper disposal of a miscarried fetus.
amazon Amazon Acquires iRobot as Bolt Mobility Abruptly Vanishes TechCrunch's top stories this week include Amazon's $1.7 billion purchase of iRobot and the sudden disappearance of Bolt Mobility's scooter fleets. Meanwhile, Y Combinator scales back its massive startup batches and Robinhood cuts another 23% of its staff.
meta Meta Posts Disappointing Q2 Earnings Amid Plummeting Ad Revenue Facebook parent Meta misses earnings expectations and issues a weak third-quarter forecast due to slowing advertising demand. The tech giant's stock loses half its value this year as marketers drastically reduce spending.
meta Meta CEO Zuckerberg Warns of Economic Downturn, Vows to Do More With Less Meta CEO Mark Zuckerberg announces that the company faces a broad economic downturn impacting digital advertising and plans to steadily reduce headcount growth over the next year.
meta Meta's Record $195B Stock Plunge Highlights Tech Giant Vulnerability Meta Platforms experiences a historic 22 percent stock drop, potentially erasing $195 billion in market value following disappointing earnings. Analysts warn that stiff competition from TikTok and slowing user growth signal deeper troubles for the social media behemoth.
meta platforms Meta Platforms Stock Plummets 24% Despite Strong User Engagement Meta Platforms experiences a massive stock drop following a Q3 earnings miss, largely driven by investor frustration over continued Metaverse spending. Despite the sell-off, the social media giant reports record-breaking user engagement and presents a potential buying opportunity.
meta Meta Reports First Revenue Drop, Plans to Slow Hiring Meta experiences its first-ever quarterly revenue decline, reporting a 1% drop in Q2 2022 sales alongside a 36% plunge in net income. CEO Mark Zuckerberg responds to the weak forecast by announcing plans to steadily reduce headcount growth over the next year.
meta Meta Stock Plunges as Ongoing Controversies Outweigh Metaverse Pivot Meta experiences a massive 38% stock drop in early 2022, driven more by longstanding scandals and privacy issues than its costly metaverse rebranding.
meta Meta Revenue Falls Short as Net Income Drops 36 Percent Meta reports its first-ever annual revenue decline alongside a massive plunge in net income, missing analyst expectations for the second quarter. The social media giant also provides a weak Q3 forecast amid broader advertising headwinds.
meta Meta Reports Slowing Ad Revenue as Metaverse Losses Reach $2.9 Billion Meta Platforms generates $27.9 billion in Q1 revenue but experiences a 21 percent drop in net income amid ongoing economic challenges. The company's Reality Labs division loses $2.9 billion as CEO Mark Zuckerberg continues to invest heavily in metaverse technology.
meta Meta Suffers Record $237 Billion Market Cap Loss in U.S. History Meta Platforms loses over $230 billion in market value overnight as investors react to a weak ad revenue forecast and growing competition from TikTok.