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...ByteDance as a whole is on track to overtake Facebook owner Meta as the world’s largest social media company by sales....
...of its few platforms that is still devoid of advertising....
...By comparison, Meta, which owns Facebook, Instagram and WhatsApp, had just under 4bn monthly active users, 3bn of whom used its platforms daily during the same period....
...as Instagram and Facebook, and a ban on ranking their own products and services above rivals on their platforms or marketplaces....
...WhatsApp, owned by Facebook’s parent Meta, and Signal, another popular encrypted messaging app, are among those that have threatened to exit the UK market should they be ordered to weaken encryption, a widely...
...The wildly popular viral video platform, which once seemed an existential threat to Meta’s Facebook and Instagram, looked to have been defanged....
...Another Meta communications platform, Messenger, was still available on the App Store in China, as were the main Facebook and Instagram apps....
...The European Commission, the bloc’s executive arm, announced official probes on Monday into whether Apple and Google owner Alphabet were unduly favouring their own app stores, as well as Facebook owner Meta...
...I remember working as an analyst during Google’s IPO in 2004 and a financial journalist during Meta-née-Facebook’s IPO eight years later. I remember some of the things I said about each company....
...Meta also said in February that it would start labelling AI-generated images that users post to Facebook, Instagram and Threads “in the coming months”....
...Apple and Google-owner Alphabet were accused of favouring their own app stores while Facebook-owner Meta is being probed over its use of personal data for advertising....
...Unhedged: Lastly, let’s talk about Facebook/Meta....
...Digital advertising growth at Facebook parent Meta, the world’s largest social media network, has pushed that company to a record high market cap....
...Rewarded by the Meta app’s algorithms and racking up millions of views, the pages then attempt to direct viewers off the platform to sites that might sell dodgy products, for example....
...“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....
...argue that Messenger is a chat functionality of Facebook and as such not a separate app and therefore not a separate service....
...The Facebook parent also announced that developers would be able to build their own AIs for use on Meta’s messaging platforms....
...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...
...China has long banned the most popular western social media platforms, including Facebook, Instagram and X, as it tightened censorship....
...While the duopoly of Google and Facebook parent Meta still rules the $270bn US digital advertising market, a window has opened up for traditional retailers to grab some of that market share....
...and Meta’s Facebook and Instagram services....
...In a sense, they provide a platform in the same way that Facebook did early on, before it faced scrutiny from lawmakers over Big Tech’s role in spreading false information....
...So Meta will need to convince businesses that it can spur sales with smart marketing, incorporating Facebook and Instagram, while saving them money by letting chatbots take over some customer service....
...Few have so far felt pity for the holders of Microsoft, Apple, Amazon, Google-parent Alphabet, Tesla, Facebook-parent Meta, and Nvidia, which have seen gains this year ranging from about 35 per cent (Apple...
...Meta founder Mark Zuckerberg said in the Facebook parent’s first 2023 quarterly earnings call that these so-called click-to-message ads had hit a “$10bn revenue run-rate”....
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