Meta shares rally despite slow revenue growth
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Meta shares have jumped, despite it posting its slowest revenue growth since it went public.
The news comes as a surprise to investors, who expected a slowdown in the face …
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Meta ponders moving into finance with “Zuck Bucks”
Meta is considering a push into the finance sector by introducing virtual coins, tokens and lending services to its apps, according to the Financial Times.
The move comes off the…
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Analysis: Has the Facebook bubble burst?
At the beginning of February, Facebook’s parent company Meta’s share price tumbled by more than 20% after it revealed it had lost users for the first time in its history.…
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Meta’s London office “collapses” as the company suffers from brain drain
Meta’s London office has reportedly “collapsed” over the space of six weeks as the company suffers from an AI worker exodus.
The Facebook and Instagram owner has lost a number…
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Buzzfeed: “Audiences are spending less time on Facebook”
Consumers are continuing to move away from Facebook, according to a BuzzFeed earning’s call.
“At this point in the quarter, we continue to see audiences spending less time on Facebook,”…
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Spotify to add blockchain technology and NFTs to platform to give artists increased revenue
Spotify is planning to add blockchain technology and non-fungible tokens (NFTs) to its streaming service, as excitement grows over the possibility of NFTs boosting artists earnings.
Two recently posted job…
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Meta’s VR Horizon Worlds platform reaches 300,000 users
Meta’s virtual reality (VR) platform Horizon Worlds has reached 300,000 users, the company’s chief product officer Chris Cox revealed during an all-hands meeting earlier.
Horizon Worlds has been referred to…
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From deputy PM to global president: What Nick Clegg brings to Meta
There is little doubt that the peak of Sir Nick Clegg’s career was being appointed the country’s deputy Prime Minister and forming the first hung parliament since February 1974. Until,…
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UK going down “wrong path” with new online safety bill, experts say
The UK’s new online safety bill is a few weeks away from being revealed and the ambitious plan to police the internet could turn out to be disastrous, according to…
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Meta confirms sale of Diem project for $200m
Meta has confirmed that The Diem Association has sold its intellectual property and other assets related to its cryptocurrency to Silvergate Capital Corp, according to Bloomberg.
The project, which was…
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Boohoo is creating ‘up to 300,000’ SKUs a day, improving the customer journey and accelerating growth across all 13 of its market-leading fashion brands.
The global fashion ecommerce retailer has…