Page 8 - Facebook

Meta platforms' record winning streak puts stock split in view for 1st time

A purely mathematical action, a split changes nothing about the underlying fundamentals of a company, but does lower the price per share

Instagram brings music stickers, text translation, more to DMs: What's new

Instagram users can also pin up to three messages, including text, images and shared posts or reels to the top of any 1:1 or group chat

Meta to build a 50,000 km undersea cable spanning five continents

The addition of Meta's undersea cable will make it the 18th project with a landing station in India

Meta to allow rival ads on Marketplace after EU antitrust penalty

Calling it the Facebook Marketplace Partner Progam, Meta said the scheme is a response to the EU competition watchdog even as it challenged the fine in court

Meta Platforms tweak accounting formula on AI servers to boost profit

By Meta's reckoning, the shift is expected to reduce the company's depreciation expense by $2.9 billion in 2025, which would, on its own, amount to almost 4% of estimated pre-tax profits for the year

I was nearly sentenced to death for blasphemy in Pakistan: Mark Zuckerberg

On the Joe Rogan Podcast, Meta CEO Mark Zuckerberg spoke on stricter content controls and the growing regulatory pressures on technology firms worldwide

Meta starts eliminating jobs in shift to find AI talent to dominate race

Meta workers who were let go were notified via email, and the company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service

Facebook owner Meta to carry out expected company-wide layoffs on Feb 10

Notices will go out to employees losing their jobs starting at 5 am local time Monday in most countries

Meta adds $235 bn of value in winning streak as investors cheer AI bets

The stock is up 1.1 per cent Tuesday. If the gains hold through end of the session, the owner of Facebook will have added more than $235 billion in market value during the streak

Mark Zuckerberg frustrated over internal leaks, Meta warns employees

To counter leaks, Meta has modified its internal Q&A format. Instead of taking direct questions, employees now submit questions in advance, and the most popular ones are addressed

Meta sends mixed signals as Q4 sales beat estimates but outlook muted

Meta shares were flat after the market closed but rose as CEO Mark Zuckerberg spoke optimistically about Meta's AI initiatives and the company's conviction that open source AI is the right strategy

Meta AI getting more personalised with memory and social media integration

The features are currently rolling out to Meta AI users in the US and Canada, while it is expected to be available in more regions in the coming months

Pak court awards death sentence, 80-yr-imprisonment to four over blasphemy

A Pakistani court has awarded a death sentence and 80-year imprisonment to four persons for uploading blasphemous content on Facebook, an official said on Saturday. Additional Sessions Judge Mohammad Tariq Ayub on Friday convicted four suspects -- Wajid Ali, Ahfaq Ali Saqib, Rana Usman and Suleman Sajid -- for insulting Prophet Muhammad (PBUH), his companions, and his wives. The court official said the convicts uploaded blasphemous content on Facebook from four different IDs. "The judge after hearing arguments of both prosecution and defence and witnesses accounts awarded the death penalty and 80 years imprisonment to each of them on different counts," the official said. They were also slapped with a fine of PKR 5.2 million. Pakistan's Federal Investigation (FIA) Cybercrime registered a case under Section 11 of the PECA (Prevention of Electronic Crimes Act) and 295A, 295B, 295C, 298A, 109 and 34 of the Pakistan Penal Code on the complaint of Shiraz Farooqi, a citizen. According t

Meta to invest up to $65bn in AI infrastructure this year: Zuckerberg

Big technology companies have been investing tens of billions of dollars to develop AI-related infrastructure after the meteoric success of ChatGPT highlighted the potential for the technology

Meta's big payoff: $5,000 for TikTok users to move to Facebook, Instagram

Meta is offering up to $5,000 in bonuses to creators who switch from TikTok to Facebook and Instagram. The deal includes access to monetisation tools and a free trial of Meta Verif

News updates: Delhi people angry with AAP, win 50% votes in every booth, PM Modi tells BJP workers

Latest news updates: Catch all the major news updates from around the world

Google, Meta, JioStar India's top media and entertainment companies

Google and Meta accounted for over 95 per cent of the Rs 64,500 crore spent on digital media in 2023

Instagram extends Reels duration, changes profile grid, introduces 'Edits'

Instagram now allows Reels of up to three minutes duration on the platform. The profile grid has been revised to display content in vertical format. Video editing app Edits is set to launch soon

Zuckerberg blames Sandberg for Facebook's culture crisis in Trump meeting

Meta CEO Mark Zuckerberg reportedly blamed former COO Sheryl Sandberg for Facebook's inclusivity issues during a meeting with Trump advisor Stephen Miller, marking a shift in the company's direction

'Community Notes' model on Meta platforms will not apply to paid ads

Aspects of the program remain subject to change, the report said, adding that brand and influencer organic posts might not be subject to Community Notes when they first go live