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Fears of layoffs as Facebook parent Meta reportedly announces hiring freeze: Chief executive Mark Zuckerberg says tech company aims to ‘plan somewhat ...
theguardian.com/technology/2022/sep/29/facebook-meta-hiring-freeze-mark-zuckerberg
Meta's Mark Zuckerberg announced hiring freeze, restructuring: report: Meta CEO Mark Zuckerberg had previously said that many teams would "shrink" this year in ...
businessinsider.com/meta-mark-zuckerberg-announced-hiring-freeze-restructuring-report-2022-9
Meta Platforms pauses hiring, warns of restructuring - Bloomberg News: Facebook-parent Meta Platforms (META.O) will freeze hiring and further restructure amid an ...
reuters.com/technology/meta-platforms-pauses-hiring-warns-restructuring-bloomberg-news-2022-09-29/
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Fears of layoffs as Facebook parent Meta reportedly announces hiring freeze: Chief executive Mark Zuckerberg says tech company aims to ‘plan somewhat ...
theguardian.com/technology/2022/sep/29/facebook-meta-hiring-freeze-mark-zuckerberg
Meta's Mark Zuckerberg announced hiring freeze, restructuring: report: Meta CEO Mark Zuckerberg had previously said that many teams would "shrink" this year in ...
businessinsider.com/meta-mark-zuckerberg-announced-hiring-freeze-restructuring-report-2022-9
Meta Platforms pauses hiring, warns of restructuring - Bloomberg News: Facebook-parent Meta Platforms (META.O) will freeze hiring and further restructure amid an ...
reuters.com/technology/meta-platforms-pauses-hiring-warns-restructuring-bloomberg-news-2022-09-29/
Facebook parent Meta freezes hiring: CEO Mark Zuckerberg announced the plans to employees Thursday, Axios has confirmed.
axios.com/2022/09/29/facebook-parent-meta-freezes-hiring
Meta tells employees it will freeze hiring and restructure some teams in cost cutting effort
fortune.com/2022/09/29/meta-hiring-freeze-restructuring-employees-mark-zuckerberg/
Austerity measures at Facebook parent company: Mark Zuckerberg prepares employees for hiring freeze
spiegel.de/netzwelt/web/meta-mark-zuckerberg-bereitet-mitarbeiter-auf-einstellungsstopp-vor-a-a817ff20-122d-4453-8ec1-78dcd1ae29e8
Meta Platforms pauses hiring, warns of restructuring - Bloomberg News: (Reuters) -Facebook-parent Meta Platforms will freeze hiring and further restructure amid ...
thestar.com.my/tech/tech-news/2022/09/30/meta-platforms-pauses-hiring-warns-of-restructuring---bloomberg-news
Social Media: Austerity Measures at Meta: Founder and boss Mark Zuckerberg prepares employees of the Facebook group for cuts after sales decline.
sueddeutsche.de/wirtschaft/facebook-meta-mark-zuckerberg-sparmassnahmen-umsatz-rueckgang-1.5666627
Facebook parent company announces austerity measures - Meta will be smaller in 2023, says Zuckerberg
businessinsider.de/wirtschaft/facebook-mutterkonzern-verkuendet-sparmassnahmen-meta-werde-im-jahr-2023-kleiner-sein-sagt-zuckerberg/
Zuckerberg says Meta will downsize and freeze hiring for 2023: Meta has admitted that it will start laying off some of its employees, and will stop hiring for ...
neowin.net/news/zuckerberg-says-meta-will-downsize-and-freeze-hiring-for-2023/
Zuckerberg Prepares Meta Employees for Austerity Measures: Competitive pressure, dispute with Apple - And then, in the last quarter, Meta also experienced its ...
szlz.de/startseite_artikel,-zuckerberg-bereitet-metamitarbeiter-auf-sparmassnahmen-vor-_arid,2768180.html
Zuckerberg tightens austerity measures for meta: hiring freeze and layoffs.: Narrower budgets, "restructured" teams. In the face of falling revenues ...
heise.de/news/Zuckerberg-verschaerft-Sparkurs-fuer-Meta-Einstellungsstopp-und-Kuendigungen-7280276.html
Some people are excited to see realistic avatars that look like them in the metaverse. Others worry it might make body image issues even worse.
The metaverse is the next venue for body dysmorphia online: Some people are excited to see realistic avatars that look like them. Others worry it might make body ...
technologyreview.com/2021/11/16/1040174/facebook-metaverse-body-dysmorphia/
Meta Freezes Hiring, Possible Layoffs Coming to Employees Says Mark Zuckerberg: There is a reported change in Meta's future, both for incoming and current ...
techtimes.com/articles/281266/20220929/meta-freezes-hiring-possible-layoffs-coming-employees-mark-zuckerberg.htm
Meta reportedly suspends all hiring, warns staff of possible layoffs: CEO Mark Zuckerberg also told employees that more restructuring is likely ...
engadget.com/meta-hiring-freeze-restructuring-layoffs-184811966.html
Mark Zuckerberg Says This CEO Is the 'Taylor Swift of Tech': Mark Zuckerberg posted a photo with Nvidia's CEO Jensen Huang this week and told a ...
entrepreneur.com/business-news/mark-zuckerberg-nvidia-ceo-is-the-taylor-swift-of-tech/471821
Facebook snooped on users’ Snapchat traffic in secret project, documents reveal: In 2016, Facebook launched a secret project designed to intercept and decrypt ...
techcrunch.com/2024/03/26/facebook-secret-project-snooped-snapchat-user-traffic/
Quick Glance: Meta Accused of Intercepting Snapchat Data for Competitive Advantage
- Meta, formerly known as Facebook, is accused of intercepting Snapchat data to harm competitors.
- Project Ghostbusters, run by Onavo acquired by Facebook in 2013, involved intercepting data traffic from mobile apps.
- Facebook allegedly paid individuals to snoop on their phones to intercept and analyze data for commercial gain.
- Meta's actions could be considered criminal wiretapping and allegedly led to increased ad prices.
China Envoy Says Economic Competition Is the New Climate Risk: Economic competition between nations has become the new hurdle in the fight against climate change ...
bloomberg.com/news/articles/2024-03-28/china-envoy-says-economic-competition-is-the-new-climate-risk
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Bloomberg Evening Briefing: New Poll Good News for Biden, Bad News for the Rich: Get caught up.
bloomberg.com/news/newsletters/2024-03-26/bloomberg-evening-briefing-new-poll-good-news-for-biden-bad-news-for-the-rich
Mark Zuckerberg seems like a terrifying boss: There's nothing scarier than your boss emailing you with a seemingly impossible task. Especially if that boss is ...
businessinsider.com/mark-zuckerberg-boss-email-terrifying-snap-lawsuit-facebook-meta-2024-3
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Three AI-Crypto Firms Agree on Deal to Merge Their Tokens: Three artificial intelligence companies that operate on blockchain have agreed to merge their crypto ...
bloomberg.com/news/articles/2024-03-27/three-ai-crypto-firms-agree-on-deal-to-merge-their-tokens
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Canadian school boards sue social media giants for over $4 bln in damages: Four Canadian school boards have sought more than $4 billion in damages from social ...
reuters.com/technology/canadian-school-boards-sue-social-media-giants-over-4-bln-damages-2024-03-28/
Quick Glance: Ontario School Boards Sue Social Media Giants
- Four of Ontario’s largest school boards are suing the parent companies of Facebook, Instagram, Snapchat, and TikTok, alleging disruptions to student learning and contributions to a mental health crisis.
- The lawsuits claim that the social media platforms are negligently designed for compulsive use and have rewired children's thinking, behavior, and learning, causing strains on school boards' resources.
- The boards seek damages exceeding $4 billion for the impact on student programming and services. They accuse the platforms of facilitating child abuse, amplifying harmful content, and refusing to remove threats.
- Schools have invested resources in addressing cyberbullying, misinformation, and risky behavior encouraged by social media, as well as monitoring and responding to threats, conflicts, and decreased instructional time.
Apple's new iPad Pro likely to launch in May, ramps up overseas production, Bloomberg News reports
reuters.com/technology/apples-new-ipad-pro-likely-launch-may-ramps-up-overseas-production-bloomberg-2024-03-28/
Quick Glance: Apple's Planned Chatbot Absence in iOS 18
- Apple is not intending to include its own generative AI chatbot in upcoming software updates.
- Discussions have been held with companies like Google, OpenAI, and Baidu regarding potential generative AI partnerships.
- Apple will reveal new AI features to aid users in daily tasks, but details remain vague.
- The iOS 18 beta will be accessible to developers post-WWDC keynote, with a full release expected in September.
China Vanke Profit Tumbles 46%, Vows to Cut Debt By $14 Billion: China Vanke Co.’s profit tumbled more than analysts expected last year and it vowed to slash ...
bloomberg.com/news/articles/2024-03-28/china-vanke-profit-tumbles-46-vows-to-cut-debt-by-14-billion
Instagram and Threads: Option to show less political content: Meta is introducing the option to show you less political content in the feed for its two social ...
stadt-bremerhaven.de/instagram-und-threads-option-weniger-politische-inhalte-anzuzeigen/
Is no news really good news? Just ask Mark Zuckerberg: There are some other things Meta could ban instead of news
theguardian.com/commentisfree/picture/2024/mar/28/is-no-news-really-good-news-just-ask-mark-zuckerberg
Instagram users to see less of what Meta deems ‘political’ content unless they opt in
theguardian.com/technology/2024/mar/26/instagram-meta-political-content-opt-in-rules-threads
Antiabortion Disinformation Ads Ran Rampant on Facebook and Instagram: Hundreds of antiabortion ads on Meta’s platforms have been disseminated all over the world ...
wired.com/story/facebook-instagram-anti-abortion-ads-disinformation/
EU investigates Apple, Google, Meta in first-ever probe under DMA competition law
thenextweb.com/news/eu-investigates-apple-google-meta-first-ever-probe-dma
Quick Glance: EU DMA: First Probes on Big Tech
- The EU has announced formal investigations against Alphabet/Google, Apple, and Meta under the Digital Markets Act (DMA).
- The three gatekeepers are under scrutiny to determine compliance violations and potential fines.
- Criticism of Google, Apple, and Meta's DMA compliance plans; concerns regarding self-preferencing, user choice, and data privacy.
- The EU has also announced 'investigatory steps' concerning Amazon and instructed five gatekeepers to retain documents for assessment of their compliance.
Meta Kills a Crucial Transparency Tool At the Worst Possible Time: CrowdTangle helps researchers track disinformation, but Meta will close it down before the US ...
wired.com/story/meta-kills-crucial-transparency-tool-worst-possible-time/
EU opens investigations into Apple, Meta and Google: If they are found to have broken the rules, the firms could be fined up to 10% of their annual turnover.
bbc.com/news/technology-68655093
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The $100 Oil Call Is Back: Russia’s pledge to cut output has sparked talk of a return to triple digits, but there are obstacles ahead.
bloomberg.com/news/newsletters/2024-03-28/the-100-oil-call-is-back
US Investment-Grade Corporate Bond Market Had Busiest First Quarter Ever: The primary US investment-grade corporate bond market logged its busiest first quarter ...
bloomberg.com/news/articles/2024-03-28/us-corporate-borrowing-spree-clocks-busiest-first-quarter-ever
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Italy’s Finance Ministry Sees Economy Growing 1% This Year: Italy’s finance minister sees the nation’s economy expanding by 1% this year, the fastest pace ...
bloomberg.com/news/articles/2024-03-24/italy-s-finance-ministry-sees-economy-growing-1-this-year
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Tesla's Facebook and Instagram ads might just be Elon Musk's cry for help: Tesla bought ads on Meta's social media sites for the first time ever as the automaker ...
qz.com/elon-musk-tesla-advertising-facebook-meta-1851366547
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Quick Glance: Elon Musk's Directive to Implement Full Self-Driving Beta in Every New Tesla Delivery
- Elon Musk has instructed Tesla employees to install and demonstrate Full Self-Driving Beta for all customers receiving a delivery in North America.
- Tesla is committed to enhancing the system continuously, aiming to eliminate the need for driver attention and achieve true autonomous driving.
- In a move to increase customer acceptance, Elon Musk directed Tesla employees this morning to install the FSD Beta software on all newly delivered vehicles and provide brief test drives to the new buyers.
- Requiring a test drive with each new delivery is expected to significantly increase the workload at Tesla stores and delivery centers, a requirement Musk emphasizes as crucial.
Mark Zuckerberg is recruiting Googlers with personal emails: report: Besides personal emails from Meta's chief, the company is offering jobs to candidates ...
businessinsider.com/mark-zuckerberg-recruiting-google-ai-talent-with-personal-emails-2024-3
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WhatsApp: Video shows onboarding of third-party client chats: At the urging of the EU, the messenger WhatsApp must open up to other messengers ...
stadt-bremerhaven.de/whatsapp-video-zeigt-onboarding-von-dritt-client-chats/
Jerry Seinfeld Is Now Reportedly a Billionaire — Here's Where His Wealth Comes From
entrepreneur.com/business-news/jerry-seinfeld-is-a-billionaire-due-to-a-show-about-nothing/471658
EU Commission launches investigations against Alphabet, Apple and Meta: The EU Commission suspects that Alphabet (i.e. Google), Apple and Meta (Facebook ...
stadt-bremerhaven.de/eu-kommission-leitet-ermittlungen-gegen-alphabet-apple-und-meta-ein/
Meta is failing to curb anti-trans hate, new report says: In the report, GLAAD catalogued dozens of anti-trans posts, many by high-profile influencers and media ...
washingtonpost.com/technology/2024/03/27/meta-glaad-report-released/
SEC ramps up hack probe with focus on tech, telecom companies, Bloomberg News says
reuters.com/technology/cybersecurity/sec-ramps-up-hack-probe-with-focus-tech-telecom-companies-bloomberg-news-says-2024-03-26/
An Engineer Who Landed a $300,000 Job at Google Shares the Résumé that Got Him in the Door — and 3 Things He'd Change on It Today
entrepreneur.com/business-news/how-an-engineer-got-a-job-at-google-offers-from-meta-uber/471655
EU to investigate Apple, Google, Meta for potential Digital Markets Act breaches: EU antitrust regulators on Monday opened their first investigations under the ...
reut.rs/3TRzYkw
Mark Zuckerberg Meets With NVIDIA’s CEO Jensen Huang, Performing An Iconic Jersey Swap
wccftech.com/mark-zuckerberg-meta-meets-nvidia-ceo-jensen-huang-performing-iconic-jersey-swap/
Mark Zuckerberg told Facebook execs to track encrypted usage on rival apps like Snap and YouTube
businessinsider.com/mark-zuckerberg-facebook-execs-decrypt-rival-apps-usage-snap-youtube-2024-3
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Fireworks.ai open source API puts generative AI in reach of any developer: Just about everyone is trying to get a piece of the generative AI action these days ...
techcrunch.com/2024/03/26/fireworks-ai-open-source-api-puts-generative-ai-in-reach-of-any-developer/
Valuing Reddit is hard: And so is justifying the Trump Spac at $60 a share
ft.com/content/02ba907d-afb3-42cf-aeef-e965f3fdca11
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New Dividend Stocks: Can Meta and Salesforce Help Revive the Classic Strategy?: Also, Morningstar forecasts five interest-rate cuts in 2024, and why Adobe’s ...
morningstar.com/stocks/new-dividend-stocks-can-meta-salesforce-help-revive-classic-strategy-2
Crypto Fund Hack VC Looks to Raise Even More Capital for Seed Stage Startup Bets: Venture capital firms continue to race back into crypto as digital asset prices ...
bloomberg.com/news/articles/2024-03-23/crypto-fund-hack-vc-looks-to-raise-even-more-capital-for-seed-stage-startup-bets
Florida Passes Law Banning Social Media for Minors Under 14: The legislation prohibits social-media accounts for some teens regardless of parental consent.
wsj.com/politics/florida-passes-law-banning-social-media-for-minors-under-14-abae4ce3
It looks like Mark Zuckerberg is personally trying to poach Google AI researchers for Meta
qz.com/mark-zuckerberg-meta-google-poach-ai-researchers-1851365813
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Elon Musk’s X Needs Creators, but They Don’t Need X: Despite the platform’s push, many creators say X is still a long way from becoming a major source of revenue ...
on.wsj.com/497BQdt
Zuckerberg emails Deepmind employees asking them to work for Facebook: Mark Zuckerberg is apparently trying every means possible to get AI developers employed by ...
t3n.de/news/zuckerberg-deepmind-email-google-deepmind-ki-1616244/
Canada to tighten foreign investment rules in AI, space technology sectors, Bloomberg reports
reuters.com/markets/canada-tighten-foreign-investment-rules-ai-space-technology-sectors-bloomberg-2024-03-26/
EU launches probes into Apple, Meta and Alphabet using landmark new law : Big Tech groups are the first to face full investigations under bloc’s new Digital ...
ft.com/content/22ce95a6-e473-4102-a330-f7d02cfb6fd1
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Apple, Google, Meta targeted in EU's first Digital Markets Act probes: The European Commission said Monday that Apple and Google's app store rules will be ...
business-standard.com/technology/tech-news/apple-google-meta-targeted-in-eu-s-first-digital-markets-act-probes-124032500352_1.html
Russia’s Oil Exports Rebound Despite the Bite of Sanctions on Tankers: Tanker bans are complicating some flows without yet hitting overall export levels
bloomberg.com/news/articles/2024-03-26/russia-s-oil-exports-rebound-despite-the-bite-of-sanctions-on-tankers
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Apple's CEO Visits China to Celebrate New Store and Bring Reassuring Words: Hello, this is Allen Wan in Shanghai.
bloomberg.com/news/newsletters/2024-03-22/apple-s-ceo-visits-china-to-celebrate-new-store-and-bring-reassuring-words
Warren, Sanders accuse Meta of blocking content related to Palestinians: ‘Deeply troubling’
thehill.com/policy/technology/4556678-warren-sanders-meta-blocking-palestinians/
Resigned teammate shows compassion after trans woman's darts victory: The Dutch women's darts team is being watched internationally after the victory of Noa-Lynn ...
focus.de/panorama/welt/umstrittener-sieg-nach-darts-sieg-von-transfrau-zeigt-teamkollegin-mitgefuehl-wuensche-ich-niemandem_id_259805082.html
Tomato Puree Rated Poorly: Woman in Nigeria Faces Jail Over Online Review: A Nigerian woman doesn't like a can of pureed tomatoes and she vents her anger at the ...
n-tv.de/panorama/Frau-in-Nigeria-droht-Gefaengnis-wegen-Online-Rezension-article24838756.html
Meta Platforms: I Have To Raise My EPS Guidance Based On The Growth Opportunities
seekingalpha.com/article/4680239-meta-platforms-i-have-to-raise-my-eps-guidance-based-on-the-growth-opportunities
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Israel-Hamas talks stall as Netanyahu balks at ‘extreme’ demands: Cease-fire talks between Israel and Hamas broke down again, with Prime Minister Benjamin ...
bostonherald.com/2024/03/26/israel-hamas-talks-stall-as-netanyahu-balks-at-extreme-demands/
Hot AI Job Market Means Meta Is Offering Jobs Without Interviews, Zuck Emailing Candidates Himself
trib.al/uB5ecUj
4 Reasons to Worry About the Stock Market’s Rally: Watch out for downward revisions on S&P 500’s earnings, and any spoilers from the Federal Reserve.
barrons.com/articles/4-reasons-to-worry-about-the-stock-markets-rally-c1068bf0
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Facebook's Streaming Service 'Watch' Was Allegedly Killed to Sell Netflix Ads: Facebook "Watch" looked like a Netflix killer in 2017, but antitrust prosecutors ...
gizmodo.com/facebooks-streaming-watch-killed-sell-netflix-ads-1851367876
All tickets for Michael Wendler's comeback concert were suddenly canceled: All tickets for Michael Wendler's comeback concert were suddenly canceled
focus.de/kultur/stars/fans-sind-wuetend-fuer-michael-wendlers-comeback-konzert-wurden-ploetzlich-alle-tickets-storniert_id_259784695.html
WhatsApp: More messages can be pinned: Last year, WhatsApp introduced the feature to pin a message in WhatsApp chats. Now Mark Zuckerberg has announced ...
stadt-bremerhaven.de/whatsapp-mehr-nachrichten-lassen-sich-anpinnen/
US FAA weighs curbing new routes for United after safety incidents, Bloomberg reports
reuters.com/business/aerospace-defense/us-faa-weighs-curbing-new-routes-united-after-safety-incidents-bloomberg-reports-2024-03-23/
Big tech's desperate scramble for AI talent: The fight to hire the best AI talent is heating up, and it looks like Big Tech — and big paychecks — are winning out ...
businessinsider.com/inside-the-ai-hiring-frenzy-big-tech-talent-war-2024-3
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Reddit Has a Huge Debut. The Stock Is an AI Play, of Course.
barrons.com/articles/reddit-stock-ai-ipo-e8e7e376
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Copper Resumes Rally as Fed Rate Signals Boost Industrial Metals: Copper resumed its rally that saw it hit an 11-month high this week, with the Federal Reserve’s ...
bloomberg.com/news/articles/2024-03-21/copper-resumes-rally-as-fed-rate-signals-boost-industrial-metals
Grokking X.ai’s Grok—Real Advance or Just Real Troll?: Grok-1 is the largest open-source LLM yet, though not without caveats
spectrum.ieee.org/open-source-ai-grok-llm
From AI to Oil to EVs, Power Demand Dominates Houston's CERAWeek: The outlook was robust at CERAWeek, and that may have profound implications for the energy ...
bloomberg.com/news/newsletters/2024-03-22/from-ai-to-oil-to-evs-power-demand-dominates-houston-s-ceraweek
Gemini is now available in Google Messages: Last month, Google announced that it would offer Gemini in the beta version of Google Messages starting from the last ...
sammobile.com/news/gemini-now-available-google-messages/
Facebook has brought back an old feature from its early days — Gen Z is already obsessed
nypost.com/2024/03/22/lifestyle/facebook-revived-the-poke-feature-and-gen-z-loves-it/
Threads: Feediverse beta starts: Threads is rolling out a beta version of its Fediverse integration in the US, Canada and Japan following its recent announcement ...
stadt-bremerhaven.de/threads-feediverse-beta-startet/
Google Chrome update to bring speed boost to affordable Galaxy phones: Have you ever found yourself in a situation where you have opened many tabs in Google ...
sammobile.com/news/google-chrome-android-tab-declutter/
Russia Holds Rates as Attacks by Ukraine Stoke Inflation Risks
bloomberg.com/news/articles/2024-03-22/russia-holds-rates-as-attacks-by-ukraine-stoke-inflation-risks
Meta, Microsoft, X and Match Group come out swinging against Apple's third-party payment rules
engt.co/4cncPOm
Meta employee calls out company for limiting staff’s free speech: The employee calls Meta’s policy on workplace conversations “toxic.”
thestreet.com/employment/meta-employee-calls-out-company-for-limiting-staffs-free-speech
Facebook might have used your phone to snoop on Snapchat, Amazon and YouTube: Newly unsealed court documents show how Facebook was snooping on users' ...
indianexpress.com/article/technology/tech-news-technology/facebook-project-ghostbusters-snapchat-youtube-amazon-snooping-9235479/
Finland Is World’s Happiest Country Again as US Drops in Ranking: Finland was crowned the world’s happiest country for the seventh consecutive year in the global ...
bloomberg.com/news/articles/2024-03-20/finland-is-world-s-happiest-country-again-as-us-drops-in-ranking
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Quick Glance: New Report: Kenya Ranks 114th in Happiness Index
- For the seventh consecutive year, Finland has secured the title of the world's happiest country, with Kenya ranking 114th out of a total of 143 countries. Conversely, Afghanistan finds itself at the bottom of the ranking as the unhappiest nation.
- The latest findings were unveiled on March 20, 2024, coinciding with the International Day of Happiness.
- This annual report relies on six key factors, encompassing social support, income, health, freedom, generosity, and absence of corruption. The economic dimension serves as a pivotal gauge for happiness levels across different nations.
- Attaining happiness is contingent on various elements like career progression and tackling specific challenges. The United Nations advocates for a harmonized economic growth strategy that fosters happiness and well-being for all.
Project Ghostbusters: Facebook intercepted data traffic from the Snapchat app - Golem.de
golem.de/news/project-ghostbusters-facebook-hat-datenverkehr-der-snapchat-app-abgehoert-2403-183610.html
Tesla trims output of cars in China amid slower EV sales growth, Bloomberg reports
reuters.com/business/autos-transportation/tesla-trims-output-cars-china-amid-slower-ev-sales-growth-bloomberg-reports-2024-03-22/
Sports star dies aged 31 in assisted suicide after horror injury: Caroline March has died at the age of 31, two years after suffering a career-ending spinal cord ...
mirror.co.uk/news/uk-news/brit-rider-explains-chose-end-32434973
Facebook and Instagram down: Meta apps and website not working, users complain: Facebook and Instagram appear to have stopped working properly for at least some ...
independent.co.uk/tech/facebook-and-instagram-down-meta-apps-and-website-not-working-users-complain-b2515784.html
How Reddit stacks up against social media peers: Social media platform Reddit's market debut on Thursday ended a more than two year-long wait but shifts the ...
reuters.com/technology/how-reddit-stacks-up-against-social-media-peers-2024-03-21/
Quick Glance: Reddit Shares Surge 48% in Market Debut
- Reddit shares ended their first day of trading in New York up 48 per cent, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning.
- While Reddit still relies on advertising for the vast majority of its revenue, it positioned its content in its IPO marketing as training grounds for AI programs and disclosed an investigation by the US Federal Trade Commission into its AI data licensing deals.
- Shares of Reddit opened on the New York Stock Exchange at $47 and surged to $50.44 after pricing at $34 in the IPO.
- Reddit's entry into public markets was long overdue, and although the allocation of shares to users and retailers poses risks, the extremely bullish sentiment from retail traders on platforms like Stocktwits indicates that the cult brand Reddit continues to hold a significant cultural presence in the social media world.
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