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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....
...The group, led by former Facebook executive Fidji Simo, slashed its valuation to $12bn as part of an internal accounting exercise earlier this year....
...In her own Dutch context, she takes about €1mn wealth level (twice the price of the average London flat) as the ethical limit we should personally be satisfied with, and €10mn as the political limit policies...
...For Yahoo, the sale signified a fall from grace having lost popularity and internet market share to groups such as Google and Facebook in the 2000s....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...The idea of chatbots is hardly new — Facebook has tried them before without success....
...The share price rose before tailing off at the end of the day: A price of $60 implies equity value of $12bn, for a company with current revenues of just a few million....
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...Reddit, founded one year after Meta, was slow to attract advertisers and move to mobile, launching an app eight years after Facebook’s....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Large fines can sometimes have a bracing effect on share prices. Facebook shares jumped after a record-breaking $5bn fine from US regulators in 2019....
...Unhedged: Lastly, let’s talk about Facebook/Meta....
...With cost cutting and a reinvigorated focus on AI, Meta’s share price has more than tripled from a November 2022 low....
...But when you are America’s biggest retailer and your share price is riding at a record high, you can afford to make a side bet or two....
...Judging by the record share prices enjoyed by some of these companies in recent months, Wall Street doesn’t believe it either....
...China has long banned the most popular western social media platforms, including Facebook, Instagram and X, as it tightened censorship....
...The move by the San Francisco-based group comes after Facebook parent Meta announced its debut dividend earlier this month, triggering a record leap in its stock price, while home rental site Airbnb expanded...
...However, Nvidia’s share price is three times larger than Tesla’s, which means that each options contract tied to the chipmaker is worth much more than each contract linked to the carmaker....
...If a company could legally sell perfect copies of Microsoft’s software, it could immediately compete with Microsoft on price. Now turn to Amazon’s retail business....
...The former president once tried to ban the video app himself but now says doing so would benefit Facebook, a platform he considers an “enemy of the people”....
...branded Facebook a danger to democracy....
...Lastly, Meta — the company formerly known as Facebook. Its share price is up 162 per cent this year....
...A version of this article was first published by Nikkei Asia on December 18. ©2023 Nikkei Inc. All rights reserved....
...That is likely to be especially so if the market and coin prices are flat, as they are now....
...A version of this article was first published by Nikkei Asia on November 21. ©2023 Nikkei Inc. All rights reserved....
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