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 ordered to pay $25 billion in New Mexico lawsuit
The judgment was signed weeks after a New Mexico jury found Meta liable for 43 million violations of state privacy laws.
ESPN names five creators to document road to first Super Bowl telecast
The group will produce social-first content throughout the football season as ESPN prepares for its first Super Bowl telecast in February 2027.
SUPER BOWL LXI
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
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.
Mediavision: Young Swedes spend nearly an hour on social platforms
Young Swedish video consumers are spending nearly an hour each day watching content on platforms like TikTok and Instagram, the analytics firm concludes.
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.
Fox News Digital leads with multiplatform views in Q3
Fox News Digital outperformed the digital platforms of CNN and the New York Times with total multiplatform views during Q3, according to Comscore data.
Facebook parent Meta bans RT from social platforms
The social media company said it decided to ban RT and related news outlets globally "after careful consideration."