Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% YoY to $15.69B, and family daily active people up 5% YoY to 3.29B on average for September 2024
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.
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...
Discord opens Activities, its ecosystem of apps and games, to all developers, letting them distribute and monetize apps on Discord via its Embedded Apps SDK
Rachel Kaser / VentureBeat :
At Meta Connect, Mark Zuckerberg was the whole show, giving it a “Zuck or nothing” feel, and he has never seemed more intent on claiming the mantle of innovator
The company has an expansive vision for the future — and until then, some incremental updates
Q&A with Mark Zuckerberg on Meta's Orion AR glasses, partnering with Ray-Ban, Threads, X, downranking political content, mental health, AI regulation, and more
they are using so much of it no single creator or publisher matters, and they're striking deals to keep the loudest happy. Sort of good that @zuck just came right out and said it ...
Meta bans Russian media outlet RT from its apps globally, days after the Biden administration accused RT of acting as an arm of Moscow's spy agencies
U.S. officials on Friday accused RT of carrying out covert information warfare operations around the world as an arm of Russia's spy agencies.
At an Acquired podcast event, Mark Zuckerberg said his biggest career mistake was taking too much ownership for issues out of Meta's control
RE: https://www.threads.net/... Parker Thompson / @parkert : Not understanding that they were the refs getting worked by bad-faith actors has definitely always been a massive probl...
A look at Apple Podcasts' fading dominance, as an April 2024 study of 603 podcast consumers found 31% use YouTube, 21% use Spotify, and 12% use Apple's app
Ashley Carman / Bloomberg :
How Meta revamped Facebook's feed to show more posts from outside a person's network of friends and family, in a move to fight TikTok and win back younger users
- Feed now features a broader array of posts based on interest — More young adults are back on Facebook after years of declines Threads: @simondowens , @davemolloy , @alexcartaz ,...
Sources: Apple suggests podcasters join its subscription program to get on its “browse” carousel; 5 of the first 7 carousel podcasts last week were participants
The Scoop — To get their show featured at the top of the Apple Podcasts feed, one of the best placements in the audio world …
Notes on Meta's plans for Threads integration with the fediverse, which, at least superficially, the company is carrying out cautiously and in good faith
This is an exceptionally long post detailing pretty much everything I learned at an event shortly before Christmas at Meta's offices in San Francisco.
Analysis: Apple Search Ads now account for 58% of iOS app installs from an ad click, up from 17% a year ago; Apple to earn $5B from its ads business in FY 2021
Patrick McGee / Financial Times :
Facebook says it will begin testing ads on Oculus headsets, starting with the shooter game Blaston, and won't use data stored on devices to target ads
but I think one factor is that the Quest 2 is an excellent consumer product with no real peer on the horizon save the rumbles from Apple, and Apple will be fine. What competition w...
Sources: Spotify to announce an Apple Podcasts Subscriptions competitor next week that will let podcasters set prices without charging them or taking a cut
Podcasts exploded in popularity during the lockdown and are on track to bring in more than $1 billion in U.S. ad revenue this year
Sources: Microsoft is in talks to buy Discord for more than $10B; one source says Discord is more likely to go public than sell itself
Microsoft Corp. is in talks to acquire Discord Inc., a video-game chat community, for more than $10 billion, according to people familiar with the matter.
Sources say Discord is exploring a sale that could value it at $10B+, with one source saying it is in the final stage of negotiations
Q&A with Kayvon Beykpour, Twitter's head of consumer product, on focusing on growth, deciding what to prioritize, paying for tweets, Clubhouse, and more
Nilay Patel / The Verge :
Clubhouse, which centralizes creation and consumption into a feedback loop, will do for audio what Twitter, Stories, and TikTok did for text, images, and video
To what extent are new companies, particularly those in new spaces, pushed versus pulled into existence? Last week I wrote about how Tesla is a Meme Company:
Twitter has acquired social podcasting app Breaker and its team will join Twitter to help build Twitter Spaces; Breaker app will shut down on January 15
Twitter has acquired social broadcasting app Breaker, the companies announced today via a combination of blog posts and tweets.
With Spotify owning shows, a podcast player, tools to make new shows, and selling ads, the podcasting world is now divided into an open and a closed ecosystem
The Joe Rogan deal makes the company's big ambitions known — In what's likely the biggest deal ever for a single podcast …