Meta bought up nascent rivals Instagram and WhatsApp after its attempts to compete had failed, an attorney for the U.S. Federal Trade Commission said.
Read More Facebook owner Meta bought Instagram, WhatsApp instead of competing, FTC says at trial
Tag: advertising revenue
Reddit stock jumps after OpenAI partnership
Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform.
Read More Reddit stock jumps after OpenAI partnership
Warner Bros. Discovery Reveals $966M Loss, Impaired By Decreased Ad Sales And Hollywood Strikes
Warner Bros. Discovery posted a steep quarterly loss that was higher than anticipated.
Read More Warner Bros. Discovery Reveals $966M Loss, Impaired By Decreased Ad Sales And Hollywood Strikes
Pinterest slides as smaller players battle for share of ad market
Pinterest dropped over 10% in a sign that smaller social media platforms could be losing the battle to bigger players for ad dollars.
Read More Pinterest slides as smaller players battle for share of ad market
More than 10 million people have signed up for X in December, CEO says
More than 10 million people have signed up for X in December, X CEO Linda Yaccarino said in a post on the social media platform.
Read More More than 10 million people have signed up for X in December, CEO says