Meta board member Dina Powell McCormick, an ex-top adviser to Trump, steps down after joining in April; source: she is considering retaining an advisory role
Kurt Wagner / Bloomberg :
Adam Mosseri says Instagram is exploring building a TV app as part of a deeper video push, but isn't interested in licensing live sports or Hollywood content
BEFORE they go into TVs → Meta's mobile RPMH hit $207 globally in Q2, competitive with Netflix's $229... @richlightshed : 🔥 “GenAI will bring the cost of producing content to zero” [NOT good for catal...
FTC v. Meta: in an email, Mark Zuckerberg considered spinning off Instagram in 2018 as he increasingly became concerned that its success was hurting Facebook
meaning show people more ads — as a way to make more money and take some pressure off Facebook — Perhaps not surprisingly, IG's founders left the company a few months after all of this happened in S...
Mark Zuckerberg says Meta is planning to invest $60B to $65B in capex in 2025, will end the year with 1.3M+ GPUs, and plans to grow its AI teams “significantly”
Market: WE LOVE AI, DO AI THING — META: Sure thing, ploughing $40bn into capex this year — Market: wait not like that — First time we've seen a negative market reaction to the reality of AI unit...
Meta begins a “limited, early test” of ads in Threads in the US and Japan, with the goal of making the ads “as interesting as organic content”
Threads is officially getting ads — https://www.theverge.com/... #Threads #Meta #Ads #SocialMedia #Tech — [image] Threads: Adam Mosseri / @mosseri : We're starting a small test for ads on Threads...
TikTok's service providers are risking billions in fines for keeping the app online, as Trump's assurances that it's safe to support TikTok are legally flimsy
but the ban hasn't gone away Benedict Collins / TechRadar : Providers hosting TikTok could still face penalties despite extension, experts warn Jamaica Gleaner : US bans TikTok - Five essential reads ...
TikTok still faces a US ban if not sold by January 19, after a federal appeals court ruled that Congress has the power to take action to protect US interests
Divest-or-Sell Order Slated to Go Into Effect Next Month Forbes : Sources: Tim Cook and senior Apple execs have been discussing how best to respond to potential TikTok ban, conceding there is nothing ...
Mark Zuckerberg says Threads has almost 275M MAUs and is adding more than a million sign ups per day, while Meta AI has passed 500M MAUs in less than a year
RE: https://www.threads.net/... Kurt Wagner / @kurtwag8 : Threads Monthly users: April - 150m July - 175m Aug - 200m Oct - “almost” 275m That's a lot of growth in one year (even if they are pushing Th...
Meta Movie Gen can create up to 16-second videos based on a text prompt, available to some staff and external partners; Meta plans to add it to its apps in 2025
But a Demo Shows It Isn't Perfect Hamsat Abdurasheed / News.ng : Meta Takes On Open AI, Launches Advanced Video-Creation AI Tool, Movie Gen Raw Story : Meta AI turns pictures into videos with sound PY...
In an interview, Mark Zuckerberg says Trump's immediate reaction after being shot was “badass” and inspiring, but declines to endorse either Trump or Biden
’ for fist pump reaction to assassination attempt Taylor Herzlich / New York Post : Mark Zuckerberg calls Trump ‘badass’ over reaction to assassination attempt, stops short of endorsement Alison Durke...