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Sen. Lindsey Graham Says ‘Damage’ Done to Teens by Social Media ‘Is the Biggest Issue Facing America’ (Video)
The Republican from South Carolina is calling for the licensing of Twitter and others: “A consumer has no recourse, we need to fix that”
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Facebook Under Scrutiny for Receiving Tax E-Filers’ Personal Financial Information (Report)
The social media network collected personal financial info from H&R Block, TaxAct and other popular online filers
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Why Silicon Valley Didn’t Anticipate the COVID Comedown | PRO Insight
Big Tech is now laying off workers after mistakenly predicting coronavirus surges would persist
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Tech
Available to WrapPRO members
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Facebook Stops Fact-Checking Trump After 2024 Presidential Run Announcement
Political speech is ineligible, according to Meta’s long-standing policy
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Meta, Facebook’s Parent Company, to Lay Off 11,000 Employees
CEO Mark Zuckerberg announced his decision to make the company’s largest cuts to date via a blogpost to employees
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Why Facebook’s Meta-Morphosis Has Already Flopped | PRO Insight
Mark Zuckerberg’s pivot to the metaverse is showing signs of being a colossal business failure
Available to WrapPRO members
Tech
Available to WrapPRO members
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How Long Can Mark Zuckerberg Keep Up His Metaverse Bet? | PRO Insight
The Facebook parent spent $25 billion on R&D this year but made $84 billion. The stock charts may seem dire, but they don’t tell the full story
Available to WrapPRO members
Tech
Available to WrapPRO members
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CNBC’s Jim Cramer Apologizes for Encouraging Investment in Meta: ‘I Did a Bad Job’ (Video)
“I made a mistake here. I was wrong. I trusted this management team. That was ill-advised. The hubris here is extraordinary and I apologize,” the co-host said
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Mark Zuckerberg Has Lost $100 Billion in Just Over a Year Amid Facebook/Meta Woes
The 38 year-old CEO of Meta Platforms Inc. now has a net worth of $38.1 billion vs. his peak of $142 billion in September 2021
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Meta Falters on Weaker Q3 Advertising as Businesses Shrink Budgets
The Facebook parent company reported earnings of $4.4 billion, or $1.64 a share, with analysts expecting $1.90 a share
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Antitrust Law Is Big Tech’s M&A Kryptonite – or Is It? | PRO Insight
The Justice Department has made mergers and acquisitions tricky for large and small players, but it also opens up new doors for creative dealmaking
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Business
Available to WrapPRO members
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Facebook Parent Meta Agrees to Sell Giphy After Order From U.K. Watchdog
The social media giant was unable to convince regulators to overturn November ruling that found the $400 million 2020 deal was anticompetitive
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Big Tech Acquisitions of Media Companies Are on the Horizon – Who’s Next? | PRO Insight
In this down market, major entertainment businesses have become affordable merger and acquisition targets
Available to WrapPRO members
Business
Available to WrapPRO members
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Meta Still Betting Big on Metaverse Amid Cost-Cutting, Weakening Business Environment
Slowing ad revenue and spending cutbacks come as the Facebook parent gets set to reveal latest virtual realty headset next week
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Supreme Court to Review Law Shielding Social Media Companies From Liability for User Posts
The case involves terrorist propaganda posted to Twitter, YouTube, Facebook; could have major impact on future of internet speech and platforms
