Facebook ($FB) is an international social media service. As part of its business, the company operates Facebook, Instagram and WhatsApp among other consumer and business services. Facebook is based in Menlo Park, California.
Meta Platforms sees operating income dip amid legal settlements in Q3
Meta will issue a new class of stock to help it raise money to fund artificial intelligence-focused initiatives. The company is also reaching deep into its pockets to pay for litigation-related settlements and judgments.
EARNINGS REPORT
Facebook parent Meta settles social media addiction lawsuit
The settlement, more than $18 billion, is substantially all of Meta's second quarter profit, according to financial disclosure reports.
Facebook parent Meta signs AI licensing agreement with Newsmax
Newsmax is one of several right-of-center news outlets to ink a partnership with Meta Platforms in recent months; others include Fox News Media, the Daily Caller and the Washington Examiner.
ARTIFICIAL INTELLIGENCE
Instagram begins testing TV-like horizontal video in pursuit of CTV advertising revenue
At a time when vertical video is getting a considerable amount of attention, Instagram is quietly testing an old-school format popular with traditional television.
DATA
Facebook parent Meta earns $201 billion in 2025, AI investments weigh on expenses
Meta said family daily active people averaged 3.58 billion in December, an increase of 7 percent from a year earlier, showing continued user growth across Facebook, Instagram and WhatsApp.
EARNINGS REPORT
ESPN: Pat McAfee Show grabs 1 billion views on socials in September
ESPN says its simulcast of "The Pat McAfee Show" helped the topical sports program earn more than 1 billion social media views in September.
Facebook parent violated California wiretap law, jury rules
A federal jury in California has determined Meta Platforms, the parent of Facebook, violated the state's wiretap law by collecting data from a period-tracking app.
Social banter between brands gets people buying
The line between entertainment and advertising is increasingly blurred thanks to social media. People no longer just consume content, they experience it – laughing, sharing and commenting. And brands have caught on.
By:
Zoe Lee, Denitsa Dineva & Federico Mangio
Facebook to settle Trump lawsuit over banned account for $25 million
Meta Platforms, the parent company of the social network, will commit $22 million to the build-out of Trump's presidential library.
WARC: Facebook ad revenue set to hit $100 billion in 2024
Facebook is on track to generate $100 billion in advertising revenue from its social media platform this year.
Bluesky is convincing users to ditch X (Twitter) and Threads
The service that puts users in control of their social experience has grown to 20 million accounts. Now, it has to figure out how to keep the lights on.
Pew: Americans turn to social media influencers for news
Twenty percent of Americans regularly turn to social media influencers for their news content on a regular basis, according to Pew Research.