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The Latest Breaking News from Meta

Today’s Cache | E.U. investigates Microsoft; OpenAI pulls back AI-generated text detector; Meta working to retain Threads’ userbase

News snippets for Microsoft facing antitrust probe in the E.U., OpenAI pulling back AI-generated text detector, and Meta working to retain Threads’ userbase.

The Hindu

Investors Urged Caution As S&P 500 Nears Prior Highs, Morgan Stanley Analyst Warns

U.S. stocks set for solid start on Fed relief rally, boosted by strong Meta Platforms earnings

Zenger

Threads can become the 'purest form' of social media as long as Meta and Mark Zuckerberg agree to one thing, says tech exec

The president of a once-trendy social app believes Meta should operate Threads as a loss leader to help it reclaim the goodwill it lost over the past few years.

Fortune

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Changing Meta’s algorithms did not help US political polarization, study finds

Study of Facebook and Instagram data from 2020 election shows chronological lists had no measurable impact on polarization

The Guardian - US

Stock Market Today: Stocks Drop Despite Solid Meta Earnings

The major benchmarks couldn't hold on for a win Thursday, though Meta stock popped on impressive Q2 results.

Kiplinger

Meta, Amazon, and Microsoft team up to take on Google Maps

The Overture Maps Foundation releases its first map dataset as it looks to power the next generation of open map data.

Android Central

WhatsApp will save you from typing fatigue via its new video messages feature

You're now able to send 60 second video messages, but the clips are confined to a small space.

TechRadar

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New study shows just how Facebook's algorithm shapes conservative and liberal bubbles

Research conducted at the height of the 2020 election reveals new details about how Facebook's algorithms handle political content. But it suggests there are no easy fixes to political polarization.

WEKU

Deep dive into Meta's algorithms shows that America's political polarization has no easy fix

A team of some of the world's leading social media researchers has published four studies looking at the relationship between the algorithms used by Facebook and Instagram and America's widening political divide

The Independent UK

Republican-led committee calls off vote to hold Meta's Mark Zuckerberg in contempt

A House committee has called off a vote on a recommendation that Meta CEO Mark Zuckerberg be held in contempt of Congress for failing to fully supply documents related to an investigation into supposed censorship of conservatives by tech companies

The Independent UK

Republicans shelve Zuckerberg contempt vote in ‘censorship’ inquiry ‘for now’

House panel was to consider resolution on Meta chief for allegedly failing to turn over internal documents to investigators

The Guardian - US

Mark Zuckerberg’s Metaverse meltdown: Meta’s Reality Labs has lost $21 billion in roughly 18 months

Zuckerberg isn’t taking his foot off the gas, though.

Fortune

House panel backs away from Zuckerberg contempt vote - Roll Call

A House committee scrapped a Thursday meeting to vote on whether to hold social media mogul Mark Zuckerberg in criminal contempt of Congress.

Roll Call

Meta, Amazon and Microsoft team up to take down Google Maps

Apps of the future will use new map data stewarded by Amazon, Meta, Microsoft and others

Evening Standard

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Google Maps and Apple Maps may have to up their game

Microsoft, Meta and Amazon have collaborated on an alternative navigation system

WEKU

Meta's Threads needs a policy for election disinformation, voting groups say

Twelve voting rights organizations tell Meta its new social media site Threads needs a robust plan to ensure election disinformation doesn't go viral during the 2024 elections.

Zenger

Meta Platforms Set To Release Q2 Earnings, Analysts Expect Strong Results

Tech giant Meta's stock surges ahead of earnings report, analysts predict EPS of $2.91 on revenues of $31.12 billion.

The Guardian - AU

Afternoon Update: tributes for Sinéad O’Connor; NSW police form taskforce to tackle gang war; and food companies shrinking products

‘What an amazing woman’ – Russell Crowe recalls meeting the Irish singer in Dublin

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Zenger

Meta Platforms Beats Expectations With $32 Billion Q2 Revenue, User Base Continues To Grow

Group's revenue up 11% YoY, ahead of $31.12 billion prediction by analysts; 3.07 billion family daily active people, up 7% YoY.‌

Fortune

Zuck says Threads is a 'Year of Efficiency' triumph

Meta's CEO thinks the company's new Twitter competitor has a shot of being the first public discussion app to reach 1 billion users.

Android Central

Meta's pivot to AI and Threads is paying off, but Quest 2 profits are sagging

Until the Meta Quest 3 arrives, Reality Labs is only going to continue to hemmorage money. But the company's ad revenue is growing so strongly that it may not matter.

Fortune

Reality Labs posts a 2-year low in revenue, but Meta shares jump on revenue beat

The company exceeded expectations on revenue, reporting a quarterly figure of about $32 billion.

The Guardian - US

Threads users decline significantly despite initial surge in sign-ups

Within a week of launch of Mark Zuckerberg’s answer to Twitter 100 million people signed up, but weeks later there’s been a drop

The Independent UK

Are you a Facebook user? You have one month left to apply for a share of this $725M settlement

U.S. Facebook users have one more month to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay late last year

iMore

How to get started with Threads — Instagram's Twitter killer

How to get started with Threads. Instagram's answer to Twitter's mess.

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