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...Meta, Palantir and Snowflake did not respond to requests for comment....
...Meta and TikTok did not respond to requests for comment. Additional reporting by Andy Lin in Hong Kong and Hannah Murphy in San Francisco...
...ByteDance as a whole is on track to overtake Facebook owner Meta as the world’s largest social media company by sales....
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...Or will Reddit end up like Twitter/X and Snap, which are big but not as big as Meta, and have struggled to turn users into money as efficiently as Meta has? What, broadly, has made the difference?...
...Last year, groups including OpenAI, Google DeepMind and Meta agreed to open their generative AI models for review by Britain’s AI Safety Institute....
...Looking at it that way, you can see how Meta has followed a wildly different trajectory from the companies that followed it: Taking Meta out of the picture, though, you can see how Snap, Pinterest and Twitter...
...But what TikTok was able to do is basically create a new dimension of competition. Here’s this new video format that like people hadn’t really seen before....
...Microsoft and Alphabet report earnings this afternoon; Apple, Amazon and Meta follow on Thursday....
...“When we talk about Amazon, Meta, Google, it’s a very different type of lay-offs.”...
...Separately, Meta appealed on Wednesday against the EU’s decision to designate Facebook’s Messenger and Marketplace as “core” services As part of its legal action before the courts in Luxembourg, Meta will...
...Unhedged: Lastly, let’s talk about Facebook/Meta....
...Meta last week said it would now start passing on the 30 per cent charge directly to advertisers, in effect making it more expensive to reach Apple device users....
...With 70mn daily users, it has 2 per cent of Meta’s global audience. Revenue, mostly digital advertising with some premium subscriptions, is equal to just 0.6 per cent of Meta’s....
...Valued at a Meta-like multiple of trailing sales, TikTok’s enterprise value might be close to $184bn....
...Google and Meta are also likely to face investigations over their DMA compliance plans, these people said....
...Snap is a smaller, less essential player for advertisers than Meta, and it has struggled to build a robust ad business.”...
...Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia and Tesla propped up the S&P index of blue-chip US companies last year as investors grew excited about the potential of AI, generating 62 per cent of its...
...Meta, Microsoft and Amazon are among those that have doubled down on AI spending, but their stocks have been supported by more prosaic factors like strong sales and, in Meta’s case, the announcement of its...
...“Hello Mumbai,” boomed Meta boss Mark Zuckerberg to a mega conference last month on WhatsApp’s business offerings....
...The Financial Times first reported on Meta’s plans for persona-based chatbots this summer....
...“If you get rid of TikTok, Facebook and Zuckershmuck will double their business,” Trump wrote on Truth Social, in a reference to Meta chief executive Mark Zuckerberg....
...stepped down as Meta’s chief operating officer, leaving behind a fantastic legacy....
...Emiliou “is of the view that member states may not request the commission to examine a concentration which does not have a community dimension, even where they have no competence to review such a concentration...
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