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...Many media executives are especially angry given social media platforms have used free newspaper content to help build their audiences....
...The statistics suggest that Meta’s photo-sharing platform is having success in targeting new users, with chief executive Mark Zuckerberg having identified the growth of TikTok as among the biggest threats...
...Meta, Palantir and Snowflake did not respond to requests for comment....
...ByteDance as a whole is on track to overtake Facebook owner Meta as the world’s largest social media company by sales....
...Big music companies earn billions of dollars a year through royalty payments from streaming service and social media platform operators including Spotify, Apple and Meta....
...The wildly popular viral video platform, which once seemed an existential threat to Meta’s Facebook and Instagram, looked to have been defanged....
...The legislation requires companies to allow app developers to “steer” users to products beyond their own platforms without charging them for doing so....
...Social media platforms including TikTok, Meta, X and YouTube have all been exploring ways to integrate generative AI into their platforms, through chatbots and new tools helping influencers and advertisers...
...Another Meta communications platform, Messenger, was still available on the App Store in China, as were the main Facebook and Instagram apps....
...Social network giant Meta doubles net income and watches as its share price slides more than 12 per cent....
...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?...
...Tech companies that operate major social media platforms such as Facebook, X and TikTok have faced scrutiny for years about the existence of harmful content on their sites and how they tackle it....
...His comments follow a double-digit drop in Meta’s shares after its earnings in April on news that the larger social media group planned to continue its AI spending spree, but expected it to take time to...
...The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...Microsoft and Alphabet report earnings this afternoon; Apple, Amazon and Meta follow on Thursday....
...Unhedged: Lastly, let’s talk about Facebook/Meta....
...“When we talk about Amazon, Meta, Google, it’s a very different type of lay-offs.”...
...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....
...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...
...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....
...Microsoft’s revenue in the quarter climbed 17 per cent to $61.9bn, driven by cloud computing sales and rampant demand for AI-related services on its Azure platform....
...The embarrassing incident added to the perception that its model was less capable than those released by rivals such as OpenAI’s, Meta and Anthropic....
...Big music companies earn billions of dollars a year through royalty payments from streaming services and social media groups including Spotify, Apple and Meta....
...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...
...The initial steps [to comply with the DMA] that Apple has put forward are very prohibitive to us actually creating a meaningful alternative to the one store that’s available on the world’s largest gaming platforms...
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