WhatsApp today is officially launching Communities, the new feature offering larger, more structured discussion groups that first entered into testing earlier this year. Designed to help organizations, clubs, schools, and other private groups better communicate and stay organized, Communities bring a number of new features to the messaging platform, including admin controls, support for sub-groups […]
Meta announced today that’s introducing a number of new creator updates across Instagram and Facebook. Most notably, the company revealed that creators on Instagram will soon be able to create their own NFTs and sell them directly to fans, both on and off Instagram. With this update, creators will have access to a toolkit that […]
Some three years after first introducing a curated news section for publishers, Meta has confirmed that it’s ditching the humans and leaning entirely on algorithms for Facebook News in all markets where it’s available. Meta, then known simply as Facebook, introduced Facebook News back in 2019, kicking off initially to a small subset of users […]
Meta has announced the global expansion of its professional mode profile setting on Facebook to all creators. Professional mode is designed to be used by creators looking to monetize their followings on the social network. Facebook began testing professional mode with select creators in December 2021 and is now offering it to anyone on its […]
Hey, folks, welcome back to another edition of ZebethMedia Week in Review, the place where we point you to the hottest stories of the past sevenish days. I’m stepping in front of the laptop for Greg Kumparak this week, but don’t fret, he will be back soon. If you want this goodness in your inbox […]
India will set up grievance committees with the veto power to reverse content moderation decisions of social media firms, it said today, moving ahead with a proposal that has rattled Meta, Google and Twitter. The panels, called Grievance Appellate Committee, will be created within three months, it said. In an amendment to the nation’s new […]
A day after weighing in with its third quarter earnings report, Meta is flailing. The company formerly known as Facebook was in trouble Thursday after uninspiring numbers and an apparent lack of faith in Mark Zuckerberg’s metaverse vision sent its shares plunging by 25%. At the time of writing, Meta was trading around $98, down […]
Meta’s other bet is making Alphabet’s long-running Other Bets segment appear cheap, both in cash and market cap terms. Shares of Facebook’s parent company plummeted after the company reported huge costs and losses associated with its future-facing metaverse project, accompanied by a revenue decline that, while forex-impacted, was still far from the heady days when […]
On today’s quarterly earnings call, Meta founder and CEO Mark Zuckerberg was on the defensive when it comes to the company’s investment in the metaverse. Once again, the company lost over $3 billion dollars to its Reality Labs division this quarter, and Meta’s net income took a big hit. Since rebranding from Facebook to Meta, […]
Earlier this year, Meta posted its first quarterly revenue decline. Once again, Meta’s financials aren’t inspiring much faith in its investors this quarter. Meta’s revenue declined 4% year over year to hit $27.7 billion; but Meta CFO David Wehner pointed out on the earnings call today that some of this decline is owed to inflation. […]
