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$Meta Platforms(META.US$ Horizon Worlds, Meta’s flagship metaverse for consumers, is failing to meet internal performance expectations, according to internal documents reviewed by The Wall Street Journal.
Meta initially aimed to reach 500,000 monthly active users in Horizon Worlds by the end of the year, but the current figure is less than 200,000, according to the report.
Meta initially aimed to reach 500,000 monthly active users in Horizon Worlds by the end of the year, but the current figure is less than 200,000, according to the report.
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$Netflix(NFLX.US$ disclosed Tuesday that it is losing streaming subscribers overall for the first time since the service was in its infancy, and executives revealed plans to make moves they have long avoided as the stock plunged again.
The dual dangers of dwindling subscribers and deepening stock losses led Netflix executives to consider a crackdown on password sharing, and Co-Chief Executive Reed Hastings even went so far as to say t...
The dual dangers of dwindling subscribers and deepening stock losses led Netflix executives to consider a crackdown on password sharing, and Co-Chief Executive Reed Hastings even went so far as to say t...
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Social media platform TikTok has taken the world by storm in recent years.
The Numbers: TikTok has popularized the short-form video content format and generates more than 90 minutes of engagement per active user, well above the engagement levels of other social media platforms.
The Losers: On the financial side, TikTok is expected to grow its advertising revenue by more than 170% this year to more than $12 billion. Post estimates a...
The Numbers: TikTok has popularized the short-form video content format and generates more than 90 minutes of engagement per active user, well above the engagement levels of other social media platforms.
The Losers: On the financial side, TikTok is expected to grow its advertising revenue by more than 170% this year to more than $12 billion. Post estimates a...
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$Meta Platforms(FB.US$ Meta has drawn up plans to introduce virtual coins, tokens and lending services to its apps, as Facebook’s parent company pursues its finance ambitions despite the collapse of a project to launch a cryptocurrency.
The company, led by chief executive Mark Zuckerberg, is seeking alternative revenue streams and new features that can attract and retain users, as popularity falls for its main social network...
The company, led by chief executive Mark Zuckerberg, is seeking alternative revenue streams and new features that can attract and retain users, as popularity falls for its main social network...
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anserp
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$Bank of America(BAC.US$ believes the war in eastern Europe will make it harder for social media giant $Meta Platforms(FB.US$ to bounce back from its recent slide.
The bank's analyst Justin Post cut his price target on Facebook parent Meta to $290 a share from $333, and said in a note to clients on Monday that the war in Europe limited the stock's upside.
At a meeting last week, Meta's chief financial officer said Meta's advertising exposure to Russian advertiser...
The bank's analyst Justin Post cut his price target on Facebook parent Meta to $290 a share from $333, and said in a note to clients on Monday that the war in Europe limited the stock's upside.
At a meeting last week, Meta's chief financial officer said Meta's advertising exposure to Russian advertiser...
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$Meta Platforms(FB.US$ CEO Mark Zuckerberg said the company is making technological improvements to enable users to display their NFTs (Non FungibleToken) on Instagram, and even “build” some NFTs within the app.
“We’re working hard to bring NFTs to Instagram as quickly as possible,” Zuckerberg reportedly said. David Marcus, a former Meta executive, said in August last year that the company was working on the company’s Novi digital wa...
“We’re working hard to bring NFTs to Instagram as quickly as possible,” Zuckerberg reportedly said. David Marcus, a former Meta executive, said in August last year that the company was working on the company’s Novi digital wa...
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