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February 14: Meta Stock Rallies on 2022 Results It’s been a tough year for tech companies used to posting record revenues and meeting market expectations, but Meta (META), the parent company of social media sites Instagram and Facebook, has fared better than many. Although Meta recorded a decline in revenue for the third consecutive quarter, it did better than expected and the stock rallied on the release of its Q4 results, rising 20%. Investors also reacted warmly to news that Meta is planning a $40 billion increase in its stock buyback program. During the fourth quarter of 2022, Meta recorded revenue of $US32.17 billion—down 4% year over year. Net income decreased to $US4.65 billion—a drop of more than 50%—owing to heightened costs. The company averaged some 2 billion daily users in the fourth quarter, an increase on the 1.984 billion daily users in the previous quarter. The total number of ad impressions served across Meta’s services increased 23%, but the average price per ad dropped by 22%. “Our community continues to grow and I’m pleased with the strong engagement across our apps,” said Mark Zuckerberg,  » Read More

Meta — the parent company of Facebook, Instagram and other apps — is planning another round of layoffs, according to a report from the Financial Times. The tech giant has also delayed setting team budgets.Future headcount at the company is also being decided, with the layoffs expected to come in March, the Times reported. However, it’s unknown how wide-ranging the layoffs could be or how many workers might be affected.The uncertainty has reportedly tanked productivity and dramatically slowed the decision-making process.FILE - Facebook's Meta logo sign is seen at the company headquarters in Menlo Park, Calif. on Oct. 28, 2021. (Tony Avelar/AP)“The year of efficiency is kicking off with a bunch of people getting paid to do nothing,” an anonymous employee told the FT.According to a Bloomberg report published last week, Meta began a “flattening” after asking many managers to become individual contributors or leave the company.Earlier this month, Meta CEO Mark Zuckerberg hinted that cost-cutting measures were on the horizon.  » Read More

KYIV — As Russia probes Ukraine’s defensive lines ahead of an expected offensive, it might have lost the entire elite 155th naval infantry brigade while storming Vuhledar, a coal-mining town in the Donetsk region.    “A large number of enemy forces, including the command staff, were destroyed near Vuhledar and Mariinka in Donetsk Oblast,” Oleksiy Dmytrashkivskyi, head of the united press center of the Tavriskiy District of Ukrainian defense forces, told POLITICO. “In addition, over the past week, the enemy lost about 130 units of equipment, including 36 units of tanks.” Russian forces also were losing 150-300 marines a day near Vuhledar, Dmytrashkivskyi said.   Russian tactical failures around Vuhledar have likely further weakened the Russian ultranationalist community’s belief that Moscow’s forces are able to launch a decisive offensive operation, the Institute for the Study of War reported in its latest update. Pro-Kremlin military bloggers have been mourning huge losses and criticizing the Russian command for sending the elite troops in frontal attacks. The Ukrainian marines also published a video of Russian troops panicking and piling up on a battlefield near Vuhledar.  » Read More

Mendota housewife cooks up success on TikTok, Facebook, and YouTube. by Liz Gonzalez. Sunday, February 12th 2023. UserWay icon for accessibility ...  » Read More

A populist undercurrent running through President Biden’s State of the Union address and churned up by turbulent conditions in the global economy is resonating with Americans. It’s the feeling that people are “getting ripped off,” as Biden put it, by an economy that isn’t “fair” — a word that appeared in Biden’s prepared remarks nine times. From pesky fees charged by big retail banks to deep, structural imbalances in the U.S. tax system that favor wealthy people and large corporations, Biden’s speech hit on a perennial frustration in American economic life: how the deck feels stacked by big companies and institutions against ordinary taxpayers and consumers. “If we — the poorer people, the middle class — pay tax, the big companies are supposed to do the same. This is right. So I think the president something that is true. We need more tax to be paid by the big companies, and then that money can go back to the poorer people to help people,” Jean-Michel Dossous, a New York City cab driver who watched the State of the Union on his phone,  » Read More

LOUISVILLE, Ky. (WAVE) - V-Grits, a vegan comfort food restaurant in Louisville, is closing its current location and moving into the Logan Street Market, according to a Facebook post.The post mentions the struggle that many small businesses are facing, with sales going down and costs going up.“You may have noticed that a lot of small businesses are struggling right now and many are shutting down entirely, especially in the restaurant industry,” V-Grits owner Kristina Addington said. “That was a serious consideration for us because of the very major losses in 2022. Sales have gone way down for this industry and the cost of everything we purchase has gone up.”Addington said the only way the restaurant can continue is to downsize and focus only on vegan comfort food.According to the Facebook post, V-Grits expects their last day at the Barret Avenue location to be Feb. 26.Chimera Brewing, which operated in the same location, is also going to be closed down because of the move.  » Read More

The Donald J. Trump Facebook page is pictured in this screenshot Friday. Donald Trump is back on Facebook and Instagram as of Thursday, two years after being banned for his postings related to the U.S. Capitol insurrection on Jan. 6, 2021. (Facebook.com, DonaldTrump) Estimated read time: 2-3 minutesNEW YORK — Donald Trump is back on Facebook and Instagram as of Thursday, two years after being banned for his postings related to the U.S. Capitol insurrection on Jan. 6, 2021. His renewed access to these platforms will give him the opportunity to raise funds and awareness for his 2024 presidential campaign.Trump also got his Twitter account restored in November. He has yet to post on any of these platforms, but his campaign's petition to Meta, Facebook and Instagram's parent company, to reinstate his accounts and his significant use of Facebook ads in past elections suggest that social media users will be hearing from him at some point."We believe that the ban on President Trump's account on Facebook has dramatically distorted and inhibited the public discourse," the campaign's letter read,  » Read More

Social media giants are coming under increasing pressure to stop the spread of conspiracy theories and misinformation that is being widely shared about the investigation into missing mother Nicola Bulley.Platforms such as TikTok, YouTube and Facebook continue to host false claims, conspiracy theories and other highly speculative material about the case despite pleas from police and friends of Ms Bulley’s to stop. Both Labour and Conservative politicians have said it is causing serious harm and provides further evidence of the need for the Government to tackle the power of social media companies with its long-awaited Online Safety Bill. The Government has previously faced accusations from critics, who say that the legislation, currently making its way through Parliament, is being watered down in its approach to “legal but harmful” content. Superintendent Sally Riley said police would take a hard line on people abusing witnesses or breaking into buildings (Photo: Danny Lawson/PA Wire)It is now two weeks since Ms Bulley, 45, vanished shortly after dropping her two young daughters at school and taking her springer spaniel Willow for a walk in St Michael’s on Wyre,  » Read More

Former U.S. President Donald Trump speaks at the New Hampshire Republican State Committee's Annual Meeting on January 28, 2023 in Salem, New Hampshire.Scott Eisen | Getty ImagesFormer President Donald Trump now has access to his Facebook and Instagram accounts once again, parent company Meta confirmed to CNBC on Thursday.Trump, who was suspended after the company determined his accounts posed too high a risk of further inciting violence during the Jan. 6 insurrection, has yet to post on those channels. Trump has also not yet shared from his Twitter account after it was reinstated under new owner Elon Musk in November.Trump more recently has gotten his message out through Truth Social, a social media site run by the Trump Media & Technology Group. The Trump campaign's Twitter account has tweeted a few times within the last month, however.Meta announced late last month that it planned to reinstate the former president's accounts in the coming weeks,  » Read More

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