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Tech
Meta to cut headcount for first time, slashes budgets across teams
Meta stock, which was already trading down to start the day, fell further on the news, down 3.7% from Wednesday’s close.
September 30, 2022
Digital Economy
Meta falls as sales miss estimates in first-ever quarterly drop
'We seem to have entered an economic downturn that will have a broad impact on the digital advertising business.'
July 28, 2022
Digital Economy
What's next for Facebook's owner Meta Platforms?
Meta still has a few years to change course, tweak its strategy and reinforce its old core businesses.
February 10, 2022
Digital Economy
Facebook and Google's ad addiction can't last forever
"The days of 20% growth will get harder and harder."
February 06, 2022
Tech
Facebook ends Australia news blackout after law compromise
Facebook said the restrictions on sharing news will be lifted “in the coming days.”
February 24, 2021
Tech
Australia to hold talks with Facebook's Zuckerberg after block
“We’ll see if there’s a pathway forward,” Treasurer Josh Frydenberg said in a Nine Network television interview on Friday.
February 19, 2021
Tech
Facebook blocks news in Australia in warning for the world
Facebook’s algorithmic ambush switched off the main news source for almost one in five Australians.
February 19, 2021
Investing ideas
Facebook faces advertising boycott, but valuations still compelling
Since January, Facebook has been facing a lot more quitters. And these quitters are companies which have announced that they no longer wish to advertise on Facebook.
July 09, 2020
Company in the news
Facebook’s growing ad exodus means more risks to revenue growth, puts stock price under further pressure
A growing list of Facebook Inc.’s advertisers is set to halt spending on social media, undermining the company’s sales outlook and putting its stock price under further pressure.
June 29, 2020
Company in the news
Mark Zuckerberg loses US$7 bil; shares fall 8.3% as firms boycott Facebook ads
Mark Zuckerberg became US$7.2 billion ($10.03 billion) poorer after a flurry of companies pulled advertising from Facebook Inc.’s network.
June 29, 2020