Meta shares soar after Mark Zuckerberg promises 'Year of Efficiency'
Synopsis by Fortune Feb 19 23
Mark Zuckerberg announced plans to trim layers of middle management and flatten org structure in an earnings call with investors.Read full article 
Fortune: Meta’s after-hours stock price rockets after Mark Zuckerberg announces plans to trim layers of middle management and flatten org structure
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| Last Updated | Feb 19 23 |
| Total Articles | 8 |
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Meta shares soar after Mark Zuckerberg promises 'Year of Efficiency': Facebook founder Mark Zuckerberg vows to make Meta leaner, more efficient and more decisive ...
financialpost.com/investing/meta-shares-soar-vows-year-of-efficiency
Meta reports sales fall, but beats expectations: Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went ...
news.abs-cbn.com/business/02/02/23/meta-reports-sales-fall-but-beats-expectations
Meta reports first decline in revenue since the comapny went public: The social media giant said sales dropped one percent to $116.6 billion in 2022 ...
lemonde.fr/en/pixels/article/2023/02/02/meta-reports-first-decline-in-revenue-since-the-comapny-went-public_6014056_13.html
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Meta shares soar after Mark Zuckerberg promises 'Year of Efficiency': Facebook founder Mark Zuckerberg vows to make Meta leaner, more efficient and more decisive ...
financialpost.com/investing/meta-shares-soar-vows-year-of-efficiency
Meta reports sales fall, but beats expectations: Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went ...
news.abs-cbn.com/business/02/02/23/meta-reports-sales-fall-but-beats-expectations
Meta reports first decline in revenue since the comapny went public: The social media giant said sales dropped one percent to $116.6 billion in 2022 ...
lemonde.fr/en/pixels/article/2023/02/02/meta-reports-first-decline-in-revenue-since-the-comapny-went-public_6014056_13.html
WhatsApp: Meta AI brings AI search and answers and more: Well, haven't you heard about integrating AI into anything in a long time? Then it's good. Meta ...
stadt-bremerhaven.de/whatsapp-meta-ai-bringt-ki-suche-und-antworten-und-mehr/
Apple (AAPL) iPhone Shipments Fall 10% as Android Smartphones Rise: Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year ...
bloomberg.com/news/articles/2024-04-15/apple-s-iphone-shipments-plunge-10-as-android-rivals-rise
OpenAI and Meta ready new AI models capable of ‘reasoning’ : Upgrades are part of a wave of new large language models being released this year
ft.com/content/78834fd4-c4d1-4bab-bc40-a64ad9d65e0d
Quick Glance: OpenAI and Meta Prepare New AI Models Capable of 'Reasoning'
- OpenAI and Meta are on the verge of releasing new artificial intelligence models that are said to be capable of reasoning and planning.
- These upgrades are part of a wave of new large language models being released this year.
- Reasoning and planning are key steps towards achieving 'artificial general intelligence', allowing chatbots and virtual assistants to complete sequences of related tasks.
Apple loses smartphone crown to Samsung as Chinese rivals gain ground: iPhone sales fall 10 per cent in first quarter of 2024 while groups including Xiaomi and ...
ft.com/content/2c13254b-9995-4408-b02b-6f07ce706b8e
Quick Glance: Samsung Takes Smartphone Crown from Apple
- Apple loses top position in the global smartphone market to Samsung as Chinese competitors gain traction.
- Samsung regains its status as the world's largest smartphone manufacturer in the first quarter of 2024, just three months after Apple claimed the top spot.
- The market's strongest growth comes from two Chinese manufacturers, while Apple continues to face challenges in the world's largest smartphone market.
- Despite an overall increase in global smartphone shipments, Apple experiences a decline in iPhone sales in China and misses out on much of the broader industry recovery.
Google Maps: These are the new map and search updates: Google has introduced two new functions for its Maps application. As always, I would like to point out ...
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Huawei Unveils New Phone Lineup to Ramp Up the Pressure on Apple: Huawei Technologies Co. released its latest series of smartphones on Thursday ...
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Apple removes WhatsApp, Threads from China app store on government order
reut.rs/4b1k50Y
Quick Glance: Apple's Response to Chinese Government Directive on App Removal
- Apple responded to a directive from the Chinese government by removing WhatsApp and Threads from the App Store in China.
- The Cyberspace Administration of China cited security concerns as the reason for the app removal.
- However, the apps are still available for download in other app stores.
- Meta has not yet responded to reports of the removal.
Apple’s Cook Weighs Indonesia Production as Region Gains Clout: Apple Inc. is weighing the possibility of making some of its gadgets in Indonesia ...
bloomberg.com/news/articles/2024-04-17/apple-s-cook-weighs-indonesia-production-as-region-gains-clout
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Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows
qz.com/tesla-musk-meta-facebook-zuckerberg-wealth-stock-1851419657
Apple CEO Tim Cook Meets Singapore’s Next PM Lawrence Wong as He Wraps Asia Tour: Apple Inc. Chief Executive Officer Tim Cook will meet Singapore’s leader at the ...
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Meta’s Oversight Board probes explicit AI-generated images posted on Instagram and Facebook
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Meta releases early versions of its Llama 3 AI model: Meta Platforms on Thursday released early versions of its latest large language model, Llama 3 ...
reuters.com/technology/meta-releases-early-versions-its-llama-3-ai-model-2024-04-18/
Palestine flag shows on iPhone when typing Jerusalem, Israel supporters angry: A new iPhone update presents UK users typing 'Jerusalem' with a Palestinian flag ...
businessinsider.com/iphone-update-suggests-palestine-flag-when-typing-jerusalem-israel-anger-2024-4
Quick Glance: Controversy Surrounding Palestine Flag When Typing 'Jerusalem'
- iPhone users discover the Palestinian flag as a suggested emoji, sparking mixed reactions.
- The debate over Jerusalem as a capital city fuels discussions about the emoji suggestions.
- While some accuse Apple of antisemitism, others praise the Palestine flag positively.
- Apple confirms that the Palestine flag as an emoji is unintentional and will be changed with the next update.
Judge dismisses some claims against Meta's Zuckerberg over social media harm: Meta Platforms CEO Mark Zuckerberg on Monday won the dismissal of some claims in a ...
reuters.com/legal/judge-dismisses-some-claims-against-metas-zuckerberg-over-social-media-harm-2024-04-16/
Apple: Why I Sold All My Shares: Apple is facing challenges in China, and its Vision Pro reportedly hasn't sold enough units to move the needle for the company ...
seekingalpha.com/article/4683445-apple-why-i-sold-all-my-shares
Paid articlePaid Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says: Apple's smartphone shipments dropped about 10% in the first quarter of 2024 ...
reuters.com/technology/apple-loses-top-phonemaker-spot-samsung-iphone-shipments-drop-idc-says-2024-04-15/
Sorry Nintendo fans, Apple says no more Game Boy app on the App Store: One of the first Apple-approved Game Boy emulators has been removed from the App Store ...
qz.com/apple-game-boy-emulator-app-store-1851411823
Apple CEO Tim Cook arrives in Vietnam to meet users, boost supplier ties: Apple CEO Tim Cook arrived in Hanoi on Monday, starting a two-day visit to Vietnam ...
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Samsung Regains Top Spot in Smartphone Market as iPhone Shipments Fall: Apple saw a 9.6% dip in its smartphone shipments between January and March ...
pcmag.com/news/samsung-regains-top-spot-in-smartphone-market-as-iphone-shipments-fall
How ‘open’ is generative AI really? Not very : The tech sector will never embrace true openness
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Elon Musk's wealth crashes $160 billion from peak amid Tesla troubles: Tesla stock has tanked by more than 60% since late 2021, slashing Elon Musk's fortune from ...
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Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
- Tesla is planning a major layoff to prepare for the future.
- Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.
- Tesla experiences a decline in revenue margin compared to other automakers.
- The success of Tesla's future depends on the implementation of autonomous driving technology.
Apple opens access to used iPhone components for repair: On Thursday, Apple announced that it has opened its iPhone repair process to include used components ...
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Apple fixes iPhone bug that suggested Palestinian flag when some people typed ‘Jerusalem’
cnn.com/2024/04/17/tech/apple-bug-fix-jerusalem-palestinian-flag-emoji/
Gaming emulators are now on the App Store after Apple relaxed the rules: iPhone users can finally download emulators for iOS.
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Apple alerts users in 92 nations to mercenary attacks in new warning: Apple sent threat notifications to iPhone users in 92 countries on Wednesday ...
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Apple CEO says looking into possibility of building manufacturing facility in Indonesia
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Berkshire Hathaway Stock Looks Unsustainable Now: I think Berkshire Hathaway's portfolio composition does not justify its valuation as a large tech company ...
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Samsung is back as the world’s #1 smartphone maker — IDC: In the first quarter of 2024, Apple experienced a decrease in its smartphone shipments by approximately ...
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Quick Glance: iPhone sales plummet. Here's why
- Apple’s smartphone sales dropped by 10% last quarter, primarily due to a sharp decline in sales in China.
- Samsung had been the top smartphone manufacturer for 12 years, but Apple briefly took the top spot last year.
- The global smartphone market is showing signs of recovery with a 7.8% increase in smartphone shipments in the first quarter of 2024.
- Despite expectations for Apple and Samsung to maintain their market dominance, the rise of Huawei and other Chinese manufacturers like Xiaomi and OPPO/OnePlus may continue.
Apple 'beta' update addresses Jerusalem emoji controversy: A new software update stops the Palestinian flag emoji appearing when iPhone users type "Jerusalem".
bbc.com/news/technology-68831685
Meta should give users free option without targeted ads, EU privacy watchdog says
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Apple’s India iPhone Output Hits $14 Billion in China Shift: Apple Inc. assembled $14 billion of iPhones in India last fiscal year, doubling production in a sign ...
bloomberg.com/news/articles/2024-04-10/apple-s-india-iphone-output-hits-14-billion-in-pivot-from-china
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Meta Stock Has More Upside as Advertising Improves, Analyst Says: Citi’s Ronald Josey increased his price target for the social media stock Meta Platforms to ...
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Kishida State Dinner Attended by Jamie Dimon, Tim Cook, Jeff Bezos: Leading technology, finance, and media executives gathered at the White House Wednesday for a ...
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Paid articlePaid Meta to temporarily shut down social media platform Threads in Turkey: Meta Platforms said on Monday it would temporarily shut down its social media platform ...
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This app tries to do what Apple couldn’t: Multiple Mac monitors on Vision Pro: New "Splitscreen" app works around the limitations, but it's not ...
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Facebook speculation about "chemtrails" in the Passau sky: expert clarifies: In the early hours of Sunday morning, some Passau residents observed unusual cloud ...
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Google blocking links to California news outlets from search results: Tech giant is protesting proposed law that would require large online platforms to pay ...
theguardian.com/technology/2024/apr/12/google-search-blocking-california-news
Apple still thinks 8GB of RAM is adequate for a laptop: Despite criticism of the Macbook Pro, the Macbook Air M3 has now also come in an 8 GB version ...
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How Meta Nuked A Climate Story, And What It Means For Democracy: Mark Zuckerberg's firm is under scrutiny again for allegedly suppressing content it doesn't like ...
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Apple plans to invest more than $250 mln to expand Singapore campus: Apple Inc plans to invest more than $250 million to expand its regional campus or operations ...
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Meta gives the Quest 2 its second permanent price cut in four months: Meta has given the base Quest 2 a permanent price cut for the second time this year ...
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RISC-V AI chip upstart Rivos plans to undercut Nvidia, helped by a quarter-billion in VC lucre
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Mark Zuckerberg thought of Facebook's 'poke' feature when he was drunk: In a 2005 interview, Mark Zuckerberg, now Meta's CEO, said he was drunk when he came up ...
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If Apple loses against China so will the West: According to figures out on Monday, Apple is no longer the world’s biggest manufacturer of smartphones after a ...
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Japan may turn up heat on Apple and Google with hefty fines: Antitrust proposals could stretch to 30% of annual revenues for app store monopolies
theregister.com/2024/04/15/japan_app_store_monopolies/
Facebook and Instagram to label digitally altered content ‘made with AI’: Parent company Meta also to add ‘high-risk’ label to Al-altered content that deceives ...
theguardian.com/technology/2024/apr/05/facebook-instagram-ai-label-digitally-altered-media
Quick Glance: Teachers Utilizing AI for Essay Grading: Ethical Concerns
- Teachers are utilizing AI tools to grade essays, with experts raising ethical concerns.
- The integration of AI is reshaping education, offering benefits like automation but also posing risks such as accuracy issues and plagiarism.
- Educators and students are leveraging tools like ChatGPT, Writable, and Grammarly for grading papers and providing feedback.
- Ethical considerations surrounding the use of AI for writing feedback or grading assignments are being addressed as schools establish guidelines.
Meta’s new $199 Quest 2 price is a steal for the VR-curious: Move comes as support winds down for the original Quest headset.
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Mark Zuckerberg and Priscilla Chan are trying out mob chic too: It looks like Zuckerberg and Chan want to give Jeff Bezos and Lauren Sánchez a run for their ...
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Meta is testing an AI-powered search bar in Instagram: Meta is pushing ahead with its efforts to make its generative AI-powered products available to more users ...
techcrunch.com/2024/04/12/meta-is-testing-an-ai-powered-search-bar-in-instagram/
‘Perfect landing spot.’ Apple plans to spend more in Vietnam as it looks beyond China
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The basic idea of social networks has failed - that's a good thing: They promise to connect people all over the world and make the world a better place ...
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iOS 17.5: Second beta for developers is here: Apple has just released the second beta of iOS 17.5 (and iPadOS 17.5) for developers. With the first beta ...
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Dieter Hallervorden publishes video with poem about Gaza: Dieter Hallervorden expresses criticism of the conditions in Gaza in lyrical form ...
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Money Tree: The Bloomberg Open, Asia Edition: Good morning. Goldman jumps after a big earnings beat. Tesla plans major layoffs. And Meta wants to bring VR ...
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Tradition Great displeasure on Facebook: “Mäertchen” will take place this year without Jean la Gaufre - Tageblatt.lu
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DJT Stock Edges Down. Trump’s Stake in Truth Social Parent Takes a Further Hit.
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Stock market today: S&P 500 hits 4-day losing streak as tech drops: The S&P 500 notched its fourth-straight day of losses as Nvidia, Meta, and other tech names ...
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Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Facebook Really, Really Doesn't Want You to Read This One Story: Meta blocks a Kansas news site from Facebook and Threads after it posts an opinion piece ...
pcmag.com/news/facebook-really-really-doesnt-want-you-to-read-this-one-story
Nvidia Reveals 8 'Secrets' For When To Sell Stocks. No. 2 Is Key.: As top growth stocks like Nvidia test key moving averages, keep in mind these proven ...
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Mark Zuckerberg passes Elon Musk on Bloomberg billionaires list: Mark Zuckerberg just overtook Elon Musk as the third richest person in the world according to ...
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Paid articlePaidQuick Glance: Zuckerberg Surpasses Musk as Third Wealthiest Person Globally
- Mark Zuckerberg surpassed Elon Musk on Friday to secure the position of the third-richest individual globally, marking the first instance since 2020 where these rival figures have held these ranks.
- Zuckerberg has seen a $58.9 billion increase in wealth, contrasting with Musk's $48.4 billion decline this year, showcasing the shift from the once popular electric vehicle stock market to the dominance of the Big-Tech sector, particularly in artificial intelligence.
- The year has been challenging for Tesla stocks, witnessing a 34% decrease, positioning them as the poorest performer in the S&P 500 Index. Conversely, Meta experienced a 49% surge due to robust quarterly results and enthusiasm for the company's AI ventures.
- The reversal of the wealth gap between Musk and Zuckerberg, with Musk now holding a net worth of $180.6 billion and Zuckerberg $186.9 billion, not only highlights a wealth competition but also a rivalry in the advancement of technologies like social media and artificial intelligence.
Meta is testing messaging capabilities for Threads, but don’t call them DMs: Meta is starting to test messaging features for Threads that rely on Instagram’s ...
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Apple sparks Palestinian flag emoji controversy: iPhone users noticed a Palestinian flag emoji is being suggested when users type "Jerusalem."
bbc.com/news/technology-68778830
Large language models are getting bigger and better : Can they keep improving forever?
economist.com/science-and-technology/2024/04/17/large-language-models-are-getting-bigger-and-better
Quick Glance: Tech Giants Compete in Japan for AI Development
- US tech firm OpenAI establishes first Asia office in Tokyo.
- The company plans to develop a new generative AI model specializing in Japanese language and culture.
- Microsoft invests $2.9 billion in the AI industry in Japan.
- Japanese companies prioritize versatile AI systems and launch AI safety research centers.
How soon will machines outsmart humans? The biggest brains in AI disagree: Elon Musk’s prediction that artificial intelligence will surpass human experts by 2025 ...
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iPhone: AltStore PAL launches in Europe: Apple now also allows third-party stores on iPhones in the EU. The AltStore PAL is now one of the first stores to be ...
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96% of US hospital websites share visitor info with Meta, Google, data brokers: Could have been worse – last time researchers checked it was 98.6%
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WhatsApp trials Meta AI chatbot in India, more markets: WhatsApp is testing Meta AI, its large language model-powered chatbot, with users in India and some other ...
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Samsung cracks Apple: iPhones sell worse than Galaxy phones: According to new data collection from IDC, Samsung has once again taken the crown in the mobile ...
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Mideast Jitters: The Bloomberg Open, Americas Edition: Good morning. Efforts are underway to head off a full-blown Middle East war. Apple faces worst iPhone ...
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Paid articlePaid Meta Platforms Unveils Second-Generation AI Chip: Meta Platforms unveiled a new chip for artificial intelligence workloads, in particular to power the company’s ...
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Meta, in Its Biggest A.I. Push, Places Smart Assistants Across Its Apps: Users of Instagram, Facebook, WhatsApp and Messenger will be able to turn to the new ...
nytimes.com/2024/04/18/technology/meta-ai-assistant-push.html
Disruption with WhatsApp: WhatsApp is struggling with an outage. The Facebook group Meta is reporting an outage on a status page. It is currently not clear how ...
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Quick Glance: Issues with Whatsapp and Instagram
- On Wednesday evening, there were significant issues with Whatsapp and Instagram, with tens of thousands of users unable to access the services.
- More than 100,000 users reported problems with Whatsapp, while Instagram was also affected by disruptions, albeit to a lesser extent.
- The cause of the disruptions is still unclear, and there was no indication of when they would be resolved. The Meta corporation has not commented on the matter.
- Previous outage on March 5. Enhanced reading experience on-the-go with E-Paper and news in one app, along with push notifications throughout the day.
Instagram: New functions against sexual exploitation: The Instagram network, which belongs to Meta, will soon be testing new functions against sexual ...
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Apple stock had its best day in months after its latest AI play: Apple is adding a new AI-focused chip to its fleet of Macs
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Paid articlePaid Temu likely to face tougher online content rules as EU users soar: PDD Group's fast-fashion e-commerce retailer Temu is likely to be subject to tough EU online ...
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15 'Wealth Creator' Stocks Make Investors Filthy Rich: Not sure which S&P 500 stocks are the best to buy for the next 10 years? There's no ...
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Apple lawsuit behind it, chip startup Rivos plots its next moves: The long-term goal with Rivos is to build chips primarily for servers that can handle intensive ...
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