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Meta Platforms Inc. (NASDAQ: META) has said its Chief Executive Officer Mark Zuckerberg will testify in the Federal Trade Commission's (FTC) challenge for Meta's proposed deal to buy a virtual reality firm Within Unlimited.  According to the lawsuit, the FTC has said that Meta's...

After all the tech bloodbath, it was a refreshing sight to see a social media stock rally hard following its quarterly results. What Happened: Pinterest Inc. (NYSE: PINS) shares climbed 9.64% late on Thursday after it reported third-quarter revenue that rose 8% to $685 million and exceeded the...

Meta Platforms Inc. (NASDAQ: META) shares ended Thursday’s session down about 24.6% after the social media giant reported mixed quarterly results and issued weak guidance. More importantly, the company’s determined move to increase investments in the still-hazy metaverse was met with...

Analysts are lowering their price targets on Meta Platforms (NASDAQ: META) after the company reported third-quarter financial results Wednesday. Here’s what analysts are saying about the company’s growth and high spending on the metaverse sector. The Meta Platforms Analysts: Goldman...

The world’s richest man is nearing the finish line of acquiring social media platform Twitter Inc (NYSE: TWTR). With many speculating why Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is spending $44 billion to acquire Twitter, Musk shared several reasons Thursday for why he is doing the deal. What...

Meta Platforms Inc.'s (NASDAQ: META) saving grace, amid the otherwise gloomy Q3 earnings report, was its photo and video-sharing social networking app Instagram.  What Happened: On Wednesday, Meta announced that Instagram now has two billion monthly active users worldwide. It is...

Meta Platforms Inc (NASDAQ: META) CEO Mark Zuckerberg is ready to put more of his chips into the fledgling metaverse despite his company’s finance chief anticipating losses of Reality Labs growing “significantly year over year.” What Happened: ...

Social media platform and metaverse company Meta Platforms Inc (NASDAQ: META) reported third-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Meta Platforms reported third-quarter revenue of $27.71 billion, a 4% decline year-over-year. The...

Meta Platforms Inc. (NASDAQ: META) has slammed Apple Inc. (NASDAQ: AAPL) for seeking to take a significant portion of social-media advertising revenue, as part of its new App Store guidelines. What Happened: Following Apple's updated App Store Review Guidelines, Meta has called out the...

Meta Platforms Inc.'s (NASDAQ: META) ex-employee and Oculus founder Palmer Luckey has compared Mark Zuckerberg's Metaverse to a "project car."  What Happened: On Monday, during The Wall Street Journal conference Tech Live, Luckey made some explosive remarks about Horizon...

Apple Inc.'s (NASDAQ: AAPL) latest App Store review guideline updates may have a detrimental effect on Meta Platforms Inc.'s (NASDAQ: META) advertisement revenue.  What Happened: On Monday, following the release of iOS 16.1, Apple updated its App Store Review Guidelines.  The...

Meta Platforms Inc.'s (NASDAQ: META) Instagram has rolled out new features, addressing instances of cyber abuse, harassment and growing number of court cases.  What Happened: On Thursday, Instagram introduced new safety tools like advanced user blocking and more. "Now, when you...

TikTok’s popularity with teens in the U.S. is rising but Meta Platforms Inc.’s (NASDAQ: META) Instagram is still a dominant force in social media. What Happened: Piper Sandler's Fall 2022 Survey revealed that ByteDance-owned TikTok is widening the lead as U.S. teens' most...

A Russian lawmaker has urged state institutions to stop using Meta Platforms Inc.'s (NASDAQ: META) WhatsApp, as the country tries to wean itself off Western technologies.  What Happened: On Wednesday, Anton Gorelkin, deputy head of the Russian parliament's committee on information...

Apple Inc. (NASDAQ: AAPL) has reinstated one of Russia's most popular social networking apps on the App Store, a month after removing it due to U.K. sanctions.  What Happened: VKontakte, a social networking app made by Russian technology group VK, is back on the App Store. Apple said the...