Displaying items by tag: Mark Zuckerberg

After a stunning start, the number of daily active users on Mark Zuckerberg's new social media app Threads has fallen by more than 50%, the digital data firm Similarweb claims.

Meta's new social media app Threads has signed up more than 30 million users in its first 24 hours, proving that yesterday's tech villain can become today's hero.

Meta chief executive Mark Zuckerberg has announced the launch of Threads, an app built by the Instagram team, for sharing text updates and joining public conversations.

Is Meta heading to the Metaverse or are cracks starting to form?

Forget the great resignation, it's the mass layoff. Experienced tech industry workers have long enjoyed being on the supply end of a demand-and-supply chain in their favour. Yet, a spate of mass terminations across industry giants is gaining momentum.

Meta, the parent organisation of social media behemoth Facebook, has announced it will sack more than 11,000 employees, about 13% of the total workforce.

Meta, the parent company of Facebook, WhatsApp and Instagram, has seen US$800 billion (A$1.24 trillion) wiped off its market value after the company reported less than inspiring results for its third quarter.

The objections to Elon Musk buying Twitter can be distilled down to one simple thing: his policies will remove the objections to the return of Donald Trump to the platform. Which for the mainstream in the US — and hence the mainstream in all acolyte countries — means the end of civilisation as we know it.

Tesla chief executive Elon Musk says his offer to buy Twitter for about US$43 billion (A$58 billion), and take it private, is driven by a desire for the public good.

Social media giants Facebook and Snapchat reveal their data shows social media consumption is moving increasingly to highlighted content, and away from friends.

Facebook's parent company Meta experienced its biggest one-day loss in trading since it debuted on Wall St in 2012. The company saw a whopping 26% slump, taking $332 billion $US237 billion) off its market value. Zuckerberg saw a $40 billion loss.

Australian billionaire mining magnate Andrew "Twiggy" Forrest AO has launched criminal action against Facebook over scam cryptocurrency advertisements that used his image, claiming Facebook has breached anti-money laundering laws.

Facebook's parent company is now Meta, a Greek word for "after" or "beyond", and it is Facebook's way of redefining its future, embracing AR and VR, distancing itself from past Facebook scandals, staking a claim to be revolutionarily forward thinking, and more.

Facebook has announced that it will be putting off the planned launch of a version of Instagram for children, after a backlash against the plan grew in the US.

Facebook has once again shown the Australian Government that it cares little about any edicts Canberra may have issued, snubbing SBS and The Conversation when they sought deals with the social media giant under the news media content legislation.

Leaked data from Facebook shows that the company's founder, Mark Zuckerberg, uses the end-to-end encrypted messaging app Signal, according to a report in the Indian news magazine, India Today.

If the initial reaction to Facebook's sudden decision to cut Australians off from the site on Thursday was idiotic, it became even more ludicrous on Friday, with reactions from politicians and the media competing to be dubbed the silliest of the lot.

Australian Prime Minister Scott Morrison has made his reaction known to the blocking of news content in the country by Facebook – in a post on Facebook.

Both Google and Facebook have demonstrated to the Australian Government in no uncertain terms who exactly is calling the shots in the stoush over the news media code, but in diametrically different ways.

Forty-eight US states, led by New York, have filed a lawsuit against Facebook claiming that the company has illegally stifled competition in order to protect its monopoly power.