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The Latest Breaking News from Meta

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

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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

Google Maps and Apple Maps may have to up their game

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

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.

WEKU

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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.

Zenger

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

The Guardian - AU

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.‌

Zenger

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.

Fortune

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.

Android Central

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.

Fortune

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 Guardian - US

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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.

Evening Standard

Meta fined £10.5M in Australia for “deceptively” collecting VPN data

The company’s Onavo security software was previously banned by Apple for violating data-collection policies

WEKU

Up First briefing: Fed could hike rates; Threads under pressure; get healthy with NEAT

The Federal Reserve is expected to announce it's raising interest rates. Voting groups want Threads to tighten its rules ahead of the election. A NEAT way to burn calories without working out.

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Barchart

Stock Index Futures Slip as Investors Await Fed Rate Decision, Meta Earnings on Tap

September S&P 500 futures (ESU23) are down -0.13%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.33% this morning as market participants looked ahead to the Federal Reserve’s interest rate decision due later in the day.

Barchart

Stock Index Futures Move Lower as Investors Await Fed Rate Decision, Meta Earnings on Tap

September S&P 500 futures (ESU23) are down -0.04%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.17% this morning as market participants looked ahead to the Federal Reserve’s interest rate decision due later in the day.

Android Central

Threads finally adds the 'Following' timeline that everyone's been wanting

The latest update to Meta's Twitter competitor is the biggest one yet, as it brings a chronological timeline, along with a few other helpful features.

The Conversation

Do rebrands work? Can you trademark an X? An expert answers the burning questions on Musk's Twitter pivot

To non-moguls, Elon Musk’s (perhaps temporary) rebrand of Twitter to “X” may seem high risk, amateurish, or even capricious. But it is likely doing exactly what he intended: generating enormous global interest, pushing Twitter closer to his other X brands (SpaceX, Tesla Model X, xAI), and clearing the way for…

The Guardian - AU

The yes voice campaign cannot afford to be drawn in to a rearguard battle with its opponents

To regain momentum it could return to the fundamental aims of the voice, and by appealing to Australians’ sense of honour and justice

The Independent UK

House Republicans plan to hold Meta's Mark Zuckerberg in contempt of Congress

Meta CEO Mark Zuckerberg is being threatened with contempt of Congress

Fortune

Are those White House A.I. pledges worth anything?

The Biden Administration still isn't addressing present A.I. harms or the challenge of open-source A.I.

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