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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
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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
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Meta Shuts Down Chinese, Russian Bot Networks Targeting Midterms, War Views
The Facebook parent said the Chinese network aimed at U.S. but reached few people; Russians mainly focused on Europe opinions on Ukraine war
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Facebook to Review Donald Trump Suspension, President Nick Clegg Says: ‘Need to Act With Great Caution’
The former President was banned from the social media platform after the Jan. 6 Capitol riots
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Mark Zuckerberg’s $142 Billion Fortune Cut in Half Thanks to Facebook’s Shift to Metaverse (Report)
The tech giant billionaire used to rank among the world’s top-three wealthiest – now he’s No. 20
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Facebook Defends Turning Over Messages and User Data in Nebraska Abortion Case, Says ‘Much of the Reporting’ Is ‘Plain Wrong’
The social media company says warrants were delivered before the recent Supreme Court decision and did not reference abortion
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Instagram CEO Defends Shift to Video After Kylie Jenner, Kim Kardashian Trash New Format
Adam Mosseri says the full-screen roll-out is “not yet good” – but experimenting is the only way to get better
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Facebook’s Redesign to Mimic TikTok, Zuckerberg Launches a Feeds Tab
The new tab will connect users with recent posts from friends, Pages and groups
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Social Media Fails to Protect LGBTQ+ Users From Harassment and Hate Speech, Study Finds
TikTok ranked last on GLAAD’s Social Media Safety Index
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How to Lose a Billion Dollars in the Metaverse and Other Mysteries of Web3
WrapPRO special series: Hollywood and Silicon Valley are pumping billions into the brand-new digital universe, but is it real?
Available to WrapPRO members
Tech
Available to WrapPRO members