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Zuckerberg's wealth surges by $28 bn as Meta rallies, surpasses Bill Gates'

It's a big comeback for Zuckerberg's wealth, which fell below $35 billion in late 2022 as tech stocks collapsed in the face of inflation and interest rate hikes, only to come soaring back in 2023

Meta soars after first-ever dividend plan, 'Year of Efficiency' pays off

The company flagged strong ad sales and a rebound in user growth during its fourth-quarter results on Thursday, while also forecasting current-quarter revenue above analysts' estimates

Meta's profits, revenue surge in Q4 thanks to cost cuts, ad rebound

Meta Platforms Inc. tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the year of efficiency. "The company can talk all it wants to about AI and the metaverse, but it's still a social media company that gets nearly all its revenue from advertising, and advertisers still clearly love Meta, said longtime tech analyst Debra Aho Williamson. The Menlo Park, California-based parent company of Facebook and Instagram said Thursday that it earned $14 billion, or $5.33 per share, in the October-December period. That's up from $4.65 billion, or $1.76 per share, a year earlier. Revenue grew 25% to $40.11 billion from $32.17 billion. Analysts, on average, were expecting earnings of $4.82 per share on revenue $39.1 billion, according to FactSet Research. This was a pivotal year for our company. We increased our operating discipline, delivered strong ..

Meta CEO Zuckerberg apologises to parents at US Senate social media hearing

Under prodding from Republican Senator Josh Hawley, Zuckerberg stood up and addressed families who held up pictures of their children who they said had been harmed by social media

Mark Zuckerberg to defend Meta's impact on teens before senate committee

Zuckerberg will defend his company's child safety practices and focus on the benefits of using Facebook and Instagram, the popular apps owned by Meta

Instagram tests Flipside: Everything about custom profile feature in works

Flipside will let users create custom profiles with a new name, bio and profile picture to share exclusive content

Universal Music songs to be removed from TikTok as license renewal fails

Tiktok, in a statement to Reuters, referred to UMG's narrative as "false" and said UMG's actions were not in the best interests of artists, songwriters and fans

Elon Musk's X pledges 100-person office in Texas to enforce content rules

The company aims to hire 100 full-time content moderators at the new location, according to Joe Benarroch, head of business operations at X

Meta sets stricter message settings for teens on Instagram, Facebook

These measures come as regulatory bodies across the globe have been raising questions about the safety of children on these social media platforms

Instagram, Facebook users will get more choices to comply with DMA: Meta

The world's largest social network is the latest to make changes to comply with the DMA after Google outlined efforts to comply with new EU technology rules that could hurt revenues for some companies

Under attack from courts, Meta tightens monitoring of teens online usage

As part of the announcement, Meta said that they are bringing parental supervision to Messenger, so that parents can see how teens spend their time and who they interact with

Documents underscore Meta's 'historical reluctance' to protect children

Newly unredacted documents from New Mexico's lawsuit against Meta underscore the company's historical reluctance to keep children safe on its platforms, the complaint says. New Mexico's Attorney General Raul Torrez sued Facebook and Instagram owner Meta in December, saying the company failed to protect young users from exposure to child sexual abuse material and allowed adults to solicit explicit imagery from them. In the passages freshly unredacted from the lawsuit Wednesday, internal employee messages and presentations from 2020 and 2021 show Meta was aware of issues such as adult strangers being able to contact children on Instagram, the sexualization of minors on that platform, and the dangers of its people you may know feature that recommends connections between adults and children. But Meta dragged its feet when it came to addressing the issues, the passages show. Instagram, for instance, began restricting adults' ability to message minors in 2021. One internal document ...

How to download Instagram reels? Here are the easy steps to download

Instagram has allowed its users now to download reels. If you also want to download Instagram reels, here are the simple steps to do it

Meta to restrict more content targeting teens on Instagram, Facebook

The move will make it more difficult for teens to come across potentially sensitive content or accounts when they use features such as Search and Explore on Instagram

Meta enables 'Link history' on Facebook: What it is and how-to disable it

While adding to convenience since the link history feature stores users' browsing history for 30 days, it raises concerns over Meta's disclosure that it may use the information to improve ads

Social media firms gain $11 bn in ads from under-18 users in 2022: Report

Social media giants like Instagram, X (formerly Twitter) and Snapchat collectively gained nearly USD 11 billion in advertising revenue in 2022 from users younger than 18 years, according to a new US-based study. Researchers said that approximately 30-40 per cent of the advertising revenue generated by Snapchat, TikTok and YouTube was attributable to young people. They found that while among users aged 12 and under, YouTube derived the greatest ad revenue of about USD 1 billion in 2022, among those aged 13-17 years, Instagram generated the highest revenue of about USD 4 billion. The team led by the Harvard T.H. Chan School of Public Health, Harvard University, also found that from users aged 13-17 years, TikTok derived USD 2 billion and YouTube USD 1.2 billion in 2022, suggesting that these platforms have "overwhelming financial incentives" in continuing to delay meaningful steps to protect children against the harms of using social media. The researchers said that while these socia

Parle-G replaces iconic girl's image with this Instagram influencer's face

Parle, the popular biscuit manufacturer, surprised fans by featuring an influencer on its biscuit packet instead of the iconic Parle-G girl

Man swallowed by 'crocodile' comes out of its jaw alive; all details inside

A viral video online shows a man being gulped alive by a crocodile. But, upon looking at the scene more closely, people found that the actual story was quite different and unexpected

Delhi Police tracks down 4 suspects in deepfake case of Rashmika Mandanna

Four suspects involved in uploading a deepfake video of actor Rashmika Mandana online have been tracked and the hunt is on to nab the main conspirator, police said on Wednesday

Now you can post videos with text captions on Instagram Notes: How it works

Meta has also introduced additional ways to reply to Instagram Notes. Reply to a note can now include photos, videos, audio messages, stickers and GIFs