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The Latest Breaking News from Facebook

One of Texas’ oldest towns needs $200 million for upgrades. It’s asking voters to approve $44 million this fall.

The East Texas town is one of 218 local governments asking voters to approve new debt for repairs and upgrades to city infrastructure. Local leaders say inflation isn’t helping them keep up with capital needs.

The Texas Tribune

Kerala watch lovers’ collective, TimeGraphers, keeps alive the passion for timepieces

Kollam's Punthalathazham Biju has a special fondness for a 57-yr-old vintage Seiko Diashock 17 Jewels manual men's watch. He restored it and wears it every day. Time Graphers, a Kerala collective of watch lovers, was formed in 2019 to bond over their passion for timepieces. They released a limited-edition watch,…

The Hindu

‘Musk destroyed all that’: Twitter’s business is flailing after a year of Elon

Advertisers are spending less, regulators are circling, staff is at less than 50% of what it used to be and user numbers are down

The Guardian - UK

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Mark Zuckerberg thinks pessimists ‘tend to be right’ but optimists ‘tend to succeed’ and ‘get the most done’

The Meta CEO says pessimists may be right about new ideas, but asks, “Is that the most productive way to view the world?”

Fortune

With Zuckerberg's 'Year of AI' Still Ahead, Should You Buy or Sell Meta Stock After Earnings?

Meta Platforms released its Q3 earnings late Wednesday, and Wall Street is selling the news. Notably, the Mark Zuckerberg-led company sees AI as its key focus area for 2024, after having previously touting 2023 as the "year of efficiency."

Barchart

Arista Networks Tumbles On Meta Capital Spending Outlook

Shares in Arista Networks tumbled on capital spending guidance from Facebook-parent Meta Platforms.

Investors Business Daily

Prosecutors Turn Their Extortion Racket Against Facebook and Instagram

The propensity of prosecutors to jump to conclusions before all the evidence is in is very destructive—and nothing new.

Reason

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Pro-Palestinian Instagram account locked by Meta for ‘security reasons’

The @eye.on.palestine account unavailable to view after ‘signs of compromise’ were detected

The Guardian - UK

Mark Zuckerberg's Facebook earnings call caused Elon Musk even more pain

Facebook and Instagram parent Meta reported strong third-quarter results Wednesday.

The Street

Stocks extend slump, Meta turns lower, Ford labor pact, UPS earnings mixed, Amazon on deck - 5 Things To Know

Stocks lower, Meta slumps, Ford labor pact, UPS earnings, Amazon on deck

The Street

Pro-Palestinian users call out 'shadowbanning' on social media platforms

Are social media platforms punishing supporters of the Palestinian cause? That's what many Instagram, Facebook and TikTok users think, claiming that the platforms limit the visibility of their posts. The digital giants defend themselves against any bias, citing technical problems to justify the phenomenon known as "shadowbanning". FRANCE 24's Dalia…

France 24

Meta Platforms Q3 Revenue Beats Estimates, Up 23%

Social media giant reports strong financials, driven by increased user engagement and ad impressions.

Zenger

Facebook owner Meta slumps as ad sales, spending outlook cloud impressive earnings beat

A cautious outlook for ad sales, and big 2024 spending plans is muting market reaction to an impressive third quarter earnings report from Facebook owner Meta Platforms.

The Street

Humanity at risk from AI ‘race to the bottom’, says tech expert

MIT professor behind influential letter says unchecked development is allowing a few AI firms to jeopardise society’s future

The Guardian - US

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The Independent UK

Woman who spent 15 years getting revenge on ‘rude’ stranger responds to backlash

Woman went viral when she used fake Facebook accounts to send someone spoilers for his favourite TV shows

The Street

Facebook owner Meta crushes earnings forecasts, cuts spending plans, amid AI ad boom

Following stronger-than-expected ad sales for Google and Snap, Meta topped Street sales forecasts and crush Wall Street estimates in an impressive third quarter update.

Zenger

42 Attorneys General Unite To Sue Meta Platforms Over Addictive Features Targeting Young Users

Meta faces legal challenges as attorneys general allege intentional design to retain young users

Evening Standard

Meta 'intentionally manipulates' children to become addicted to social media, lawsuit claims

33 US states are suing the company that owns Facebook and Instagram

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news in one place.

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Zenger

Meta Platforms Q3 Earnings: Revenue Expectations And Key Focus Areas

Meta Platforms Q3 Earnings: Analysts Expect $33.56B Revenue, Focus on AI and User Metrics

The Street

Facebook whistleblower praises Meta's recent troubles as a 'historic day'

With third-quarter earnings on deck, Facebook parent Meta is facing a significant new challenge.

Evening Standard

Meta lawsuit: Instagram owner sued by over 30 US states 'for fuelling youth mental health crisis'

The claimants compare Instagram's features to a dopamine-inducing slot machine

The Guardian - UK

A day in the life of AI

Discussions about AI often focus on the futuristic threat posed by superhuman intelligence. But AI is already woven into the fabric of our daily lives

The Street

Meta earnings on deck as Google, Snap see solid ad gains powered by AI targeting

Solid ad gains for Google and Snap suggest Meta could surprise to the upside in its third quarter earnings report, which is expected after the close of trading.

Evening Standard

Don't let tech company censoring dictate online content and free speech, report warns

Michael Shellenberger has published a new report called Free Speech and Big Tech: The Case for User Control

Chicago Sun-Times

Illinois among 33 states suing Meta, alleging its platforms have harmed kids

The Menlo Park, California-based company formerly known as Facebook is accused of ensnaring youths “while misleading the public about the risks of social media.”

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Michael Shellenberger

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