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The Latest Breaking News from Mark Zuckerberg

As tech giants face a financial downturn, some new players are focusing on people over profit

The tech industry has been rocked by recent economic woes. While once thought of as close to recession proof, companies from Netflix to Meta are suddenly experiencing serious financial setbacks. As the Washington Post reported last week: “Big tech is bracing for a possible recession, spooking other industries”. Meta (the…

The Conversation

‘Stop trying to be TikTok’: how video-centric Instagram sparked a revolt

Loyal users and Kardashians forced social network to partially retreat by demanding renewed emphasis on photo-sharing

The Guardian - UK

Bulls And Bears Of The Week: Meta, Netflix, Tesla, Coinbase And Why Ethereum's Merge Isn't Price In Yet

Benzinga has examined the prospects for many investors' favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Benzinga Before The Bell: Apple's Strong China Revenue, Amazon's EV Partnership, Jack Ma To Cede Control Of Ant Financial And Other Top Financial Stories Friday, July 29

Reuters Tencent’s Overseas Ambitions Face Resistance From India

Benzinga

Reality crashes down on Meta

After a decade of unprecedented growth, Meta has finally hit a wall.

Axios

Meta revenues fall for the first time as advertising sales dry up

Meta shares have fallen almost 50% since the beginning of 2022

Evening Standard

Facebook parent company Meta reports first-ever losses for global tech giant

The revenue losses come as the industry contends with market instability, growth slowdowns, and increasing competition between platforms.

ABC News

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Meta posts its first-ever quarterly revenue decline

The company faces competition, regulation and the cost of its metaverse pivot.

Axios

FTC acts to block Meta from buying VR company, fitness app

Federal regulators have taken legal action to block Facebook parent Meta and its CEO Mark Zuckerberg from acquiring virtual reality company Within Unlimited and its fitness app Supernatural

The Independent UK

Facebook is making radical changes to keep up with TikTok

Facebook is overhauling its flagship app and Instagram to be more like the video platform that's so popular with Gen Z. Some people, like Kim Kardashian and Kylie Jenner, say it's trying too hard.

WEKU

‘Stop trying to be TikTok’: user backlash over Instagram changes

Updates to copy features of arch-rival leave some users struggling to find friends and family content

The Guardian - UK

Lanarkshire software specialist teams up with booming virtual reality gaming firm

Eureka Solutions, which is based in Peel Park, employs 72 people in the field of business accountancy software.

Daily Record

Paddy Pimblett has Twitter account suspended hours before UFC London fight

Pimblett returns to the cage tonight but his outspoken views appear to have landed him in trouble with the social media giant

Daily Mirror

Instagram's pivot to Reels tanked general engagement, study shows

Average Instagram engagement has decreased by about 44 percent since 2019.

Input

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Wales Online

Facebook to allow 'most recent' posts from friends as homepage gets new look on mobiles

Founder Mark Zuckerberg said the Home and Feeds tabs on its mobile app would enable users to "customise and control" their experience

The Guardian - US

Mark Zuckerberg to face deposition over Cambridge Analytica scandal

The Meta CEO, and former COO Sheryl Sandberg will be questioned as part of a lawsuit filed on behalf of Facebook users in California

The Guardian - US

Tech company earnings reports expected to bring a flush of bad news

Some US firms have announced hiring slowdowns and layoffs in recent weeks amid fears of recession

Evening Standard

Will everyone be welcome in the metaverse?

Meta must prove it’s built the right protections for users if the metaverse is to be an inclusive space

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Benzinga

Top 10 Celebrity Crypto Fails

This article was originally published on Investingoal and appears here with permission. Crypto has exploded over the past few years with people making massive returns on investment by investing in assets like Bitcoin and Ethereum as well as digital art projects or NFTs.

Axios

Klobuchar, Warren press Meta on "censoring" of abortion posts

The senators' inquiry kicks off an expected barrage of challenges for tech platforms over abortion content.

Roll Call

Trump-backed Masters wants to join Senate ‘America First Caucus’

From investigating Fauci and Zuckerberg to battling McConnell and Biden, Arizona GOP Senate candidate Blake Masters has plans if he wins.

Evening Standard

Facebook owner Meta enhances language translation AI

It comes after Meta was accused of failing to moderate harmful content in different languages

The Guardian - UK

UK could force messaging apps to adopt new technology to tackle abuse images

Home secretary says new powers to require tech firms to remove encrypted abuse material would bring privacy and security

Bangkok Post

Top billionaires $1.4 trillion poorer

Elon Musk’s fortune plunged almost US$62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half.

The Times of India

Elon Musk, Jeff Bezos, other richest billionaires lose $1.4 trillion in worst half ever

NEW YORK: Elon Musk’s fortune plunged almost $62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half.

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People

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