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The Latest Breaking News from Insider Intelligence

Facebook Parent Meta Calms Investors with Strong Profit

Facebook parent Meta on Wednesday reported better profit than expected in the recently ended quarter, calming investors worried about the toll of competition from TikTok and eased pandemic restrictions. Meta said it made a profit of $7.5 billion on revenue of $27.9 billion in the first three months of this…

Asharq Al-Awsat

Do You Accept Crypto? 3.6M US Citizens To Pay With Cryptocurrencies In 2022, Following A 70% Projected Increase

Do You Accept Crypto? 3.6M US Citizens To Pay With Cryptocurrencies In 2022, Following A 70% Projected Increase

Recent research points to a sharp increase in the use of cryptocurrencies as means of payment among U.S. residents.

YouTube offers new shopping option during Coachella livestream

LOS ANGELES — When hip-hop group Brockhampton takes the stage at Coachella this week, audiences streaming the festival at home on YouTube will be able to watch the concert and buy a commemorative T-shirt at the same time.

Los Angeles Times

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TikTok Revenue Set To Surpass Twitter, Snap Revenue Combined

Video-sharing app TikTok's advertisement revenue is likely to triple in 2022 to over $11 billion, Reuters reports quoting Insider Intelligence. TikTok's revenue will likely surpass the combined sales of its rivals, Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP). Nearly $6 billion, or more than half, of 2021's ad revenue will likely come from the U.S., despite regulatory concerns…

The rise of TikTok: why Facebook is worried about the booming social app

Chinese-owned video platform is set to overtake the advertising scale of Twitter and Snapchat combined

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