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☆ Jack Dorsey and Elon Musk pile in on Meta's new Twitter competitor
▼ + stars: | 2023-07-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Jack Dorsey and Elon Musk have taken issue with Meta's new Twitter competitor, Threads. download the app Email address By clicking “Sign Up,” you also agree to marketing emails from both Insider and Morning Brew; and you accept Insider’s Terms and Privacy Policy Click here for Morning Brew’s privacy policy. Jack Dorsey and Elon Musk are piling in on Meta's new Twitter rival, Threads. Within an hour, Twitter's owner, Elon Musk, had chimed in to share his agreement in the comments. However, Twitter's privacy policy did not appear to reference health and fitness or financial info.

Persons: Jack Dorsey, Elon Musk, Dorsey, Elon, Meta Organizations: Meta, Facebook

☆ Zuck aims a killer blow at Musk outside the cage with Meta's new Threads Twitter clone
▼ + stars: | 2023-07-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Aside from surreal cage fight plans, Zuckerberg wants to displace Twitter with a clone called Threads. The timing is perfect: Twitter is in disarray and the Meta chief is ready to capitalize on the chaos. Zuckerberg is set to bring his Twitter killer, Threads, out into the wild this week, with pre-orders for the "text-based-conversation" service going live on Monday. What the new Threads app looks like. If Musk doesn't get Twitter back into shape soon, he'll be a loser in the virtual arena too.

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Elon, Sydney Bradley, Nick Bilton, Musk, He's, he'll Organizations: Elon, Twitter, Sydney, New York Times, mojo

☆ Meta vs. TikTok: How they're each using AI to attract advertisers and which one is winning
▼ + stars: | 2023-06-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +14 min

The aim was a similar short-form video service to become more competitive in the space and slow down ad share losses. "This is a key leading indicator for monetization, and any incremental results from AI-driven targeting and measurement would accelerate the market share shift." In a digital advertising market where growth is limited, the battle for market share gains is critical. TikTok's AI strategy TikTok has seen a quick rise in viewership by virtue of predictive AI for content recommendation. TikTok advertisers can place ads through the platform's TikTok Ads Manager , offering automatic audience targeting and measurement tools.

Persons: TikTok, Debra Aho Williamson, Instagram, Aho Williamson, Rohit Kulkarni, Roth MKM, Kulkarni, Roth MKM Kulkarni, Oppenheimer, That's, Brad Erickson, Meta, Erickson, Meta's, Mark Zuckerberg's, Roth, Joe Biden, it's, we're, Jim Cramer's, Jim Cramer, Jim, Rafael Henrique, Lightrocket Organizations: Facebook, TikTok, Meta, Insider Intelligence, Apple, CNBC, JMP Securities, RBC Capital, Citi, —, Oracle, Getty Locations: Beijing, Instagram, U.S, Montana

☆ Meta unveils Quest 3 mixed reality headset
▼ + stars: | 2023-06-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta unveils Quest 3 mixed reality headsetCNBC's Julia Boorstin reports on the unveiling of Meta's newest VR headset, Quest 3.

Persons: Julia Boorstin Organizations: Meta

☆ CNBC Daily Open: Time to exhale and breathe
▼ + stars: | 2023-05-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

A trader walks out of the New York Stock Exchange (NYSE) on Wall Street in New York City on May 12, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dallas Federal Reserve President Lorie Logan, a voting member of the Federal Open Market Committee, thinks economic data don't support a pause in rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Exhale and breathe
▼ + stars: | 2023-05-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

People walk by the bronze sculpture 'Fearless Girl' outside of the New York Stock Exchange (NYSE) on April 21, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dallas Federal Reserve President Lorie Logan, a voting member of the Federal Open Market Committee, thinks economic data don't support a pause in rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ Meta just secured a patent for AI generated ads, which could give the company a needed boost
▼ + stars: | 2023-05-10 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

CEO Mark Zuckerberg said earlier this year he wanted to "turbocharge" Meta's generative AI work. Meta is pushing forward with generative AI projects aimed at bolstering its still-recovering advertising business. What's described in Meta's new patent is the alteration and creation of new or "enhanced" ad content through the use of generative AI. In February, Zuckerberg said he was creating "a new top-level product group" at the company to "turbocharge" work in genAI. Instead, an advertiser will have the option to "ask the AI, 'Make images for my company that work for different audiences,'" Bosworth said.

☆ Meta is building an 'Instagram for your thoughts' that could take on Twitter competitor — and it could be a 'great opportunity'
▼ + stars: | 2023-05-02 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Meta is building a decentralized text-based social network that will integrate with Instagram. It's no longer a secret that Meta is building out its own decentralized text-based social network. "We're exploring a standalone decentralized social network for sharing text updates," a spokesperson for Meta told Insider in a statement when asked about the prototype. "It's a great opportunity for them to fill that void with Twitter going through such a transition." Meta's decentralized social network could very well face the same fate.

☆ Meta is working on its own Twitter-like social network. Here's why an 'Instagram for your thoughts' could win as competitors multiply.
▼ + stars: | 2023-04-28 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Meta is building a decentralized text-based social network that will integrate with Instagram. It's no longer a secret that Meta is building out its own decentralized text-based social network. "We're exploring a standalone decentralized social network for sharing text updates," a spokesperson for Meta told Insider in a statement when asked about the prototype. "It's a better idea than a lot of other things that have come out of Meta recently," Morgan added. Meta's decentralized social network could very well face the same fate.

☆ Meta set to report first-quarter earnings after the bell
▼ + stars: | 2023-04-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Facebook parent Meta is scheduled to report first-quarter earnings after the close of regular trading Wednesday. $27.65 billion, according to Refinitiv. Daily active users (DAUs): 2.01 billion, according to StreetAccount. 2.01 billion, according to StreetAccount. Monthly active users (MAUs): 2.99 billion, according to StreetAccount.

☆ Here are Tuesday's biggest analyst calls: Meta, Tesla, Amazon, Nike, Hasbro, First Republic & more
▼ + stars: | 2023-04-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Citi upgrades Squarespace to buy from neutral Citi said it sees an "improved growth outlook" for the website hosing company. Citi reiterates Netflix as buy Citi said it sees more upside in shares of Netflix. Credit Suisse upgrades Zebra Technologies to outperform from neutral Credit Suisse upgraded the computer technology company due to Zebra' s strength in Europe. Credit Suisse reiterates Amazon as outperform Credit Suisse said it's standing by shares of Amazon heading into earnings later this week. Citi reiterates Meta as buy Citi said it's staying bullish heading into Meta earnings on Wednesday. "

☆ Meta's new focus on cost-cutting is impressive, says Rosenblatt's Crockett
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's new focus on cost-cutting is impressive, says Rosenblatt's CrockettBarton Crockett, senior analyst at Rosenblatt Securities, joins 'Squawk on the Street' to preview Meta's upcoming quarterly earnings report, significant growth prospects for Meta in the future, and more.

☆ Mark Zuckerberg and other top Meta execs are spending most of their time on AI, the company's CTO says
▼ + stars: | 2023-04-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Andrew Bosworth told Nikkei Asia that the company had been investing in AI for more than a decade. Meta's new generative AI team was very busy, he added. Bosworth told Nikkei Asia that Meta had been investing in AI for more than a decade. He called the demands expressed in an open letter for a pause on advanced AI development "unrealistic." "I think it's very important to invest in responsible development," Bosworth told the outlet, "and we do that kind of investment all the time.

☆ Salesforce employees are not happy
▼ + stars: | 2023-03-31 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +4 min

That said, there's plenty happening in tech news, from Salesforce layoffs to an unusual new perk for Meta employees. Salesforce CEO Marc Benioff Salesforce1. Employees aren't happy about how the cloud giant is handling its plan to cut 10% of its workforce. The cost-cutting did help Salesforce avoid a proxy battle for control of its board, as activist investors pushed for Salesforce to focus on efficiency. Read why Salesforce employees are upset at how the company is handling layoffs.

☆ Tech workers are taking to TikTok to debate 'fake work'
▼ + stars: | 2023-03-25 | by ( Grace Kay | Samantha Delouya | ) www.businessinsider.com time to read: +6 min

Former tech staffers have taken to TikTok to discuss and debate "fake work." Earlier this month, Kendall Smith, known by her TikTok name @roilysm, shared a story from Insider about PayPal Mafia member Keith Rabois saying workers at Meta and Google were doing "fake work." Aube told Insider in a comment that he never saw anyone at the company "not doing any work or doing fake work." One TikTok creator, Arianna Tong, says she couldn't disagree more with the idea of fake work at Meta. "I've seen so many videos chiming in and saying they did fake work at Meta," @ariannatong said in a TikTok video.

☆ Mark Zuckerberg's metaverse ambitions are shrinking
▼ + stars: | 2023-03-14 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

In a year, the metaverse went from Meta CEO Mark Zuckerberg's obsession to rarely being mentioned. He mentioned AI four times, positioning the development of that technology as now being Meta's "single largest investment." Executives mentioned it half a dozen times during a call with Wall Street analysts, while the metaverse was not mentioned at all. It's a relief to investors and Wall Street analysts, who last year grew increasingly frustrated with Zuckerberg's once defiant tone on the massive cost of metaverse work. It's set to lose $15 billion this year and is on track to cost the company $20 billion a year going forward.

☆ Meta explores decentralized social network app for text updates
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

March 10 (Reuters) - Meta Platforms Inc (META.O) is exploring a standalone decentralized social network for sharing text updates, a company spokesperson said on Friday, in what could be a direct competitor to billionaire Elon Musk's Twitter Inc."We're exploring a standalone decentralized social network for sharing text updates. We believe there's an opportunity for a separate space where creators and public figures can share timely updates about their interests," a Meta spokesperson told Reuters in an emailed statement. The report said Meta's new content app would support ActivityPub, the decentralized social networking protocol that powers Twitter-rival Mastodon and other federated apps. Meta's new app would be Instagram-branded and will allow users to register or login through their Instagram credentials, according to the Moneycontrol report. Reporting by Shubham Kalia and Shubhendu Deshmukh in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Snap releases a new A.I. chatbot as part of a Snapchat+ subscription service
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnap releases a new A.I. chatbot as part of a Snapchat+ subscription serviceCNBC's Deirdre Bosa joins 'The Exchange' to discuss the latest race to adopt AI, Meta's new AI product announcement and Snap's latest AI chatbot.

☆ Mark Zuckerberg and Elon Musk have been publicly criticizing each other for years — but now Meta is mirroring Twitter
▼ + stars: | 2023-02-25 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

With the launch of Meta Verified, Mark Zuckerberg is appearing more like Elon Musk by the day. Now, let's look at why people are starting to say that Zuckerberg "idolizes Elon Musk." With the announcement of Meta Verified, Meta's new verification subscription service for Facebook and Instagram, many have drawn comparisons between Mark Zuckerberg and Elon Musk. Schilsky added: "I think it's clear that Mark Zuckerberg idolizes Elon Musk." Black VCs like Beta Boom's Kimmy Paluch are addressing long-standing diversity, equity, and inclusion issues in the industry head-on.

☆ Mark Zuckerberg announces Meta's new large language model as A.I. race heats up
▼ + stars: | 2023-02-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Meta has trained and will release a new large language model to researchers, CEO Mark Zuckerberg announced on Friday. Large language models underpin applications such as OpenAI's ChatGPT, Microsoft Bing AI, and Google 's unreleased Bard. "LLMs have shown a lot of promise in generating text, having conversations, summarizing written material, and more complicated tasks like solving math theorems or predicting protein structures," Zuckerberg wrote on Friday. Jerry: "George, if you had one of these, would you wear it?" "Meta is committed to this open model of research and we'll make our new model available to the AI research community," Zuckerberg wrote.

☆ Biggest security benefits, risks with new Meta, Twitter verified identity subscriptions
▼ + stars: | 2023-02-23 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +12 min

As Twitter and Meta Platforms move to paid subscriptions for social media identity verification and security, the battle to stay safe online continues. With social engineering and phishing the primary sources of social media account compromise, it's unlikely verified accounts will actually be more secure. "Twitter is only eliminating the SMS-based two-factor authentication capability, and does offer two additional methods for two-factor authentication that are stronger and more reliable than SMS-based authentication," Ramzan said. When signing on for a social media account, try to give away as little personal information as possible, Buzzard said. Aura recommends social media users disable third-party apps that are connected to their social media accounts.

☆ 'It's clear that Mark Zuckerberg idolizes Elon Musk,' Wall Street analyst says
▼ + stars: | 2023-02-22 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg said Meta is adding a verification subscription service to Facebook and Instagram. Meta Verified "sounds awfully like Twitter Blue," Bernstein analyst Mark Schilsky said in a note to clients this week. "I think it's clear that Mark Zuckerberg idolizes Elon Musk." Other analysts on Wall Street more optimistically believe that Meta Verified could add $2 billion per year in revenue, as Insider recently reported. Elon Musk and Mark Zuckerberg have been publicly criticizing each other for years — at least since a SpaceX rocket exploded on the launchpad in 2016, destroying a Facebook satellite.

☆ Facebook and Instagram could have 12 million paying subscribers by early 2024, says BofA
▼ + stars: | 2023-02-21 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Meta's new Verified subscription service could land nearly 12 million subscribers by 2024, according to a Bank of America (BoFA) research note published Tuesday. Meta CEO Mark Zuckerberg announced the subscription service in an Instagram post over the weekend, pitching it as a way to increase "authenticity and security across our services." The BoFA analysts described Meta's subscription service as catering to influencers and creators as opposed to consumers, and noted that businesses will eventually be able to sign up as well. Considering the subscription services costs $11.99 a month, the BoFA analysts said that Meta could generate $1.7 billion "in high-margin revenue in 2024." Snap also has a subscription service called Snapchat+, which the social messaging service debuted in June with a price of $3.99 a month.

☆ Meta CEO Mark Zuckerberg makes a U-turn on metaverse spending as Reality Labs is hit with a new 'efficiency' mantra
▼ + stars: | 2023-02-02 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Metaverse spending will continue, although "we're constantly shifting how we execute," he said. The Reality Labs division, tasked with building the metaverse, lost $13.7 billion this year, according to Wednesday's disclosure. Still, Reality Labs would be subject to the same push for efficiency as other parts of the company, Zuckerberg said. David Wehner, the then-CFO who is now chief strategy officer, said spending on the Reality Labs division would increase "significantly" in 2023. Such boasting of the metaverse and the Reality Labs division was nowhere to be found during Wednesday's discussion of the year ahead.

☆ Mark Zuckerberg is finally embracing his new role as Meta's Chopper-in-Chief. Here are the plans he just laid out to further cut costs in 2023.
▼ + stars: | 2023-02-02 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

The company is canceling multiple data center projects. Canceling multiple data center projectsMeta has also been canceling multiple data center projects, and incurred $1.3 billion in charges related to that. Li said the same operational "scrutiny" being applied to other areas of the company is going toward data centers as well. The company did not disclose which current data centers are being closed or affected by the design changes. "And we are going to optimize our overall approach to building data centers."

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