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BUSINESS

Twitter rival Threads signs up 100 million users in 5 days

AFP, Published on 10/07/2023

» PARIS: The Threads app launched by Instagram as a rival to Twitter has signed up more than 100 million users in less than five days, data tracking websites said on Monday, smashing the record of AI tool ChatGPT for fastest-growing consumer app.

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BUSINESS

Meta hit with record 1.2-billion-euro fine over EU data rules

AFP, Published on 22/05/2023

» DUBLIN: Facebook owner Meta has been fined a record 1.2 billion euros ($1.3 billion) for transferring EU user data to the United States in breach of a previous court ruling, Ireland's regulator announced Monday.

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BUSINESS

Google, Apple disappoint as tech earnings hit by gloom

AFP, Published on 03/02/2023

» SAN FRANCISCO - Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech.

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BUSINESS

Meta 'breached EU antitrust rules' on Facebook ads

AFP, Published on 19/12/2022

» BRUSSELS: US online giant Meta appears to have "breached EU antitrust rules" in the online classified section of its Facebook social network, the European Commission said Monday in a preliminary finding.

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BUSINESS

Twitter says Musk 'uncertainty' hurting revenue

AFP, Published on 22/07/2022

» WASHINGTON: Twitter blamed disappointing results Friday on "headwinds", including the uncertainty that Elon Musk's chaotic buyout bid has imposed on the company.

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BUSINESS

Rattled and uncertain of its future, Twitter stumbles on

AFP, Published on 16/07/2022

» SAN FRANCISCO: Anxious employees, wary advertisers and hamstrung management: Twitter is limping along as it waits to learn how the fight over Elon Musk's buyout bid will end.

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BUSINESS

Key Facebook force Sheryl Sandberg steps down

AFP, Published on 02/06/2022

» SAN FRANCISCO: Meta's second most powerful executive Sheryl Sandberg made the shock announcement Wednesday she will leave after a 14-year tenure that included helping steer scandal-prone Facebook to advertising dominance.

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BUSINESS

Facebook parent Meta calms investors with strong profit

AFP, Published on 28/04/2022

» SAN FRANCISCO: Facebook parent Meta on Wednesday reported better profit than expected in the recently ended quarter, calming investors worried about the toll of competition from TikTok and eased pandemic restrictions.

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BUSINESS

Meta's profit slips as Facebook loses users

AFP, Published on 03/02/2022

» SAN FRANCISCO: Facebook's parent firm Meta on Wednesday delivered a gloomy mix of a sharper-than-expected drop in profit, a decrease in users and threats to its ad business that plunged shares some 22% in after-hours trading.

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BUSINESS

Samsung pulls Singapore drag queen ad after backlash

AFP, Published on 21/01/2022

» SINGAPORE: South Korean tech giant Samsung has pulled an online advert in Singapore that featured a hijab-wearing Muslim woman hugging her drag queen son after it sparked a backlash from socially conservative corners.