Stay updated with breaking news from Facebook earnings. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tech stocks outperformed on Monday as Tesla shares gained over 12%, pushing the company’s market capitalization over $1 trillion. Facebook missed analyst expectations on the top line. ....
mobile apps benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
linkedin Apple s iOS 14.5 software update, which went into effect this week, was a big topic of discussion on Big Tech earnings calls. The update, which allows users to opt-in to being tracked by apps on iPhone and other Apple devices, is being championed by Apple as a push for greater consumer privacy. Facebook, on the other hand, which stands to lose an estimated 7% of its revenue, or $5 billion, from the change, has been pushing back on it hard for months, citing the impact it could have on small businesses that use its platform for targeted ads. While it s too early to gauge the impacts of Apple’s update yet, Facebook was vocal about how the new AppTrackingTransparency framework will impact its business in Q2. ....
Apple s CEO Tim Cook and Facebook s CEO and co-founder Mark Zuckerberg Facebook s strong performance for the fourth quarter of its financial year 44% growth in profit on 33% growth in revenue was clouded by growing worries over threats from competition, especially with Apple set to give consumers greater control over their personal data. Even as Faceook s user base across its services surged to 3.3 billion, executives continued to be preoccupied by threats from the iPhone maker. Apple may say that they’re doing this to help people, but the moves clearly track their competitive interests,” Mark Zuckerberg, Facebook s CEO and co-founder, told analysts on a post results call, referring to changes in iOS. ....
Facebook to no longer recommend civic, political groups to users globally Democratic Senator Ed Markey called Facebook s groups breeding groups for hate and noted they had been venues of planning for the Jan. 6 riot at the US Capitol Reuters | January 28, 2021 | Updated 08:24 IST On Wednesday Facebook said it would be making this permanent and would expand the policy globally Facebook Inc s CEO Mark Zuckerberg said on Wednesday the company would no longer recommend civic and political groups to users of the platform. The social media company said in October that it was temporarily halting recommendations of political groups for US users in the run-up to the presidential election. On Wednesday Facebook said it would be making this permanent and would expand the policy globally. ....