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The Latest Breaking News from Meta

Shares in Snapchat owner slump 25% amid slowdown in ad revenue

Parent company Snap talks of ‘incredibly challenging’ conditions as it seeks new sources of revenue

The Guardian - UK

Facebook Tweaks App with Eye on Rival TikTok

Facebook has split the news feed in two on its app, a significant change that mimics the experience on its fiercest competitor, hugely-popular TikTok.

Asharq Al-Awsat

Snap to Slow Hiring after Dismal Earnings Pummel Stock Price

Snapchat's owner plans to "substantially" slow recruitment after bleak results Thursday wiped 25 percent off the stock price of the tech firm, which is facing difficulties on several fronts. Snap reported that its loss in the recently ended quarter nearly tripled to $422 million despite revenue increasing 13 percent under…

Asharq Al-Awsat

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If You Invested $1,000 When Jim Cramer Said Buy These 5 Stocks, Here's How Much You'd Have Now

Love him or hate him, Jim Cramer has a massive audience.

Benzinga

Facebook gives users new way to see all their friends' posts

Facebook is rolling out an update that enables its 2 billion daily users to more easily view their friends’ posts in chronological order

The Independent UK

Flowing Cloud Technology Files for Hong Kong IPO Amid Metaverse Frenzy

Key Takeaways: Flowing Cloud started as a games developer in 2008 and launched its first AR/VR platform in 2017 Gains in revenue and profit have been steady but the low-margin AR/VR marketing services division could dent future margins By Ken Lo

Benzinga

This Is What Whales Are Betting On Meta Platforms

A whale with a lot of money to spend has taken a noticeably bearish stance on Meta Platforms. Looking at options history for Meta Platforms (NASDAQ:META) we detected 16 strange trades.

Benzinga

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Sweeping changes remake Facebook app in TikTok's image

Algorithmically selected videos are in. Posts from friends and family get moved to a secondary feed.

Axios

Meta’s avatar store upgrades with digital clothing provider DressX

Independent designers may eventually be allowed to create their own pieces through the partnership.

Input

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

Facebook pivots away from news after shoving it in our faces for years

Execs are chasing influencer and metaverse profits instead.

Input

Tech & Science Daily: Depression may not be caused by low serotonin

Plus, the cultivated sausages grown from cells

Evening Standard

Benzinga Before The Bell: Jury Finds Tesla 1% Negligent In Model S Crash, Bitcoin Sees $148M Liquidations, Amazon-Backed Zoox Robotaxi Set For Debut And Other Top Financial Stories Wednesday, July 20

CNBC

Benzinga

Is Hollywood ready for the 3D internet? Big questions with 'Metaverse' author Matthew Ball

LOS ANGELES — Whether you like it or not, the metaverse is coming. Hollywood had better get ready.

Los Angeles Times

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Evening Standard

Nora Quoirin’s parents settle lawsuit over Facebook posts

The parents of the schoolgirl who died in Malaysia took action against Meta and one of its users.

Wales Online

Nora Quoirin's parents settle case against Facebook over offensive posts

Nora went missing while the family was in Malaysia on holiday

Tribune News Service

Facebook internal memo on rivals undercuts antitrust defense

Facebook’s parent company insists that its social-networking and messaging services have dozens of outside rivals, but an internal memo reveals that Meta Platforms Inc.’s top executives were more worried about the threat posed by its own products.

Asharq Al-Awsat

Amazon Sues Admins of 10K Facebook Groups over Fake Reviews

Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products. The Seattle-based e-commerce giant said in a statement posted on its website Tuesday the Facebook groups were set up to recruit people "willing to…

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news in one place.

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The Independent UK

Amazon sues admins of 10K Facebook groups over fake reviews

Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products

Axios

Profile of a GOP voter: Meddling Dems target hunters, country music lovers

Facebook and Instagram data offer a detailed look behind the tactics of Democrats meddling in GOP primaries.

The Times of India

Apple joins fellow tech giants in putting a lid on hiring

Apple is the latest major technology company to rein in hiring and spending plans, adding to the evidence that even Silicon Valley stalwarts are worried about a recession in the coming months.

The Independent UK

Apple will slow hiring and spending amid broader tech industry downturn

The iPhone maker reportedly joins Meta, Google and Tesla in putting a brake on new hires and spending

Asharq Al-Awsat

Instagram Will Allow Users to Shop Directly in Chats

Instagram is getting a payment feature that will allow users to buy from small businesses through direct messages, parent company Meta Platforms Inc said on Monday. Users of the photo-sharing app need to message the business, add customizations if required and place the order in the chat, Meta said. They…

Bangkok Post

Indonesia urges tech platforms to sign up to new licensing rules or risk being blocked

JAKARTA: Indonesia urged tech companies on Monday to register under new licensing rules, or run the risk of having their platforms blocked, with data showing many big tech firms such as Google and Meta had yet to comply days out from July 20 deadline.

Asharq Al-Awsat

As AI Language Skills Grow, So Do Scientists' Concerns

The tech industry’s latest artificial intelligence constructs can be pretty convincing if you ask them what it feels like to be a sentient computer, or maybe just a dinosaur or squirrel. But they’re not so good — and sometimes dangerously bad — at handling other seemingly straightforward tasks. Take, for…

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