Meta Stock Tanks 10% — Despite Big Earnings

Topline Meta smashed Wall Street’s expectations again in its first-quarter earnings report Wednesday afternoon, but it said it expects growth to slow considerably, which sent its stock spiraling. Meta CEO Mark Zuckerberg cheers at a UFC event in February Zuffa LLC via Getty Images Key Facts Meta brought in $36.46 billion in sales during the …

Read more

Russian court sentences Meta spokesperson in absentia to six years in prison

A Russian military court sentenced spokesperson Andy Stone in absentia to six years in prison for “publicly defending terrorism,” Reuters reports. Stone’s lawyer reportedly asked for an acquittal and there are plans to appeal the sentence. A few months after Russian officials placed him on a wanted list and started a criminal investigation, a Moscow …

Read more

Meta opens Quest OS to third-party companies like Asus and Lenovo

In a surprise move, Meta has revealed that it’s opening the Quest’s operating system to third-party VR headset manufacturers. This means that Quest OS will be available to third-party VR headset makers like Asus and Lenovo. The move shifts Meta’s Quest headset from offering an Apple-like closed ecosystem to a more open Android-inspired model, where …

Read more

Meta’s supercharged AI assistant is taking over its apps across the world

Edgar Cervantes / Android Authority TL;DR Meta has dramatically upgraded its AI assistant, powered by the new Llama 3 language model. The enhanced Meta AI is available on Facebook, Instagram, WhatsApp, Messenger, and its new standalone website. Meta also announced the rollout of an upgraded image generator, where images change in real-time as you type …

Read more

Threads is testing real-time search results

Meta’s Threads app is often described as the company’s competitor to X. But Threads users, especially those once active on Twitter, are often quick to point out that Meta’s app is not yet a great source for real-time information. The app’s “for you” algorithm often surfaces days-old posts alongside fresh ones, and its recently introduced …

Read more

Meta is stuffing its AI chatbot into your Instagram DMs

On Friday, people around the web noticed a new addition to their Instagram: Meta AI, the company’s general-purpose, AI-powered chatbot that can answer questions, write poetry and generate images with a simple text prompt. The move isn’t surprising. Meta revealed Meta AI in September 2023 and has spent the last few months adding the chatbot …

Read more

WhatsApp goes down in Meta’s second big outage this year

For the second time in just over a month, Meta’s apps including WhatsApp, and possibly Messenger and Instagram, are facing outages and intermittent issues. While it’s rare for services as large as those operated by Meta to go down entirely, Meta’s status page details disruptions to key business services, including its Ads Manager, Messenger Platform, WhatsApp …

Read more

Four Ontario school boards sue Meta, TikTok, and Snapchat, seek over $4.5 billion

Four of Ontario’s largest school boards are taking some of the leading social media giants to court for “disrupting” students’ learning through “exploitative business practices.” The public school boards of Toronto, Peel, Ottawa-Carleton and the Toronto Catholic board have filed lawsuits in excess of $4.5 billion against Meta’s Facebook and Instagram, Snapchat, and TikTok. According …

Read more