meta Meta Surpasses Expectations With $32 Billion in Q2 Revenue Meta reports $32 billion in second-quarter revenue, beating Wall Street estimates despite a tumultuous year of layoffs. The tech giant also sees strong user growth across its family of apps ahead of the Threads launch.
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.
threads Meta's Threads App Reaches 100 Million Users in Record Five Days Meta's new social media app Threads surpasses 100 million sign-ups in under five days, making it the fastest-growing consumer app in history. The platform leverages its connection to Instagram to easily outpace previous record holder ChatGPT.
meta Meta Forms New Generative AI Team to Rival Chatbot Competitors Mark Zuckerberg announces a dedicated generative AI team at Meta to integrate chatbots and visual tools into WhatsApp, Messenger, and Instagram.
meta Meta Forms New AI Product Group to Rival Tech Competitors Meta CEO Mark Zuckerberg announces a new internal team dedicated to building generative AI tools for the company's social media apps. The move positions Meta to compete directly with Microsoft, Google, and Snap in the rapidly evolving artificial intelligence space.
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.
lensa ai Viral Lensa AI Avatars Introduce Masses to Paid Generative Art The photo editing app Lensa AI goes viral as users flock to pay for AI-generated portraits, marking a major mainstream debut for paid generative art tools built on open-source models.
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 Unveils VR Legs, Hulu Hikes Prices, and Microsoft Adopts DALL-E 2 This week in tech, Meta reveals leg avatars and a pricey new headset, while Hulu increases subscription costs. Microsoft also integrates AI image generator DALL-E 2 into its consumer apps.
instagram Instagram Expands AI Age Verification to India and Brazil Ahead of Global Rollout Instagram is bringing its artificial intelligence age verification system to India and Brazil, impacting roughly 400 million users. The expansion drops the flawed social vouching method in favor of video selfies and ID uploads to better protect teens.
elon musk Musk Welcomes Kanye Back to Twitter Before Antisemitic Ban Elon Musk publicly welcomes Kanye West back to Twitter, only for the artist to post antisemitic content that results in a swift account lock. The incident highlights ongoing concerns about Musk's upcoming approach to content moderation.
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.
facebook New Pew Study Confirms Teens Abandon Facebook in Droves A recent Pew Research Center study reveals that only 32% of U.S. teens use Facebook, a steep drop from 71% nearly a decade ago. Young users now view the platform as a boring utility for older generations rather than an engaging social space.
snapchat Snapchat Launches Family Center Parental Controls Amid Regulatory Pressure Snapchat introduces its first parental controls feature called Family Center, allowing parents to see who their teens chat with without reading message content. The tool follows similar moves by TikTok and Instagram but offers fewer restrictions due to Snapchat's default privacy settings.