Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. Analysts, on average, were expecting earnings of $2.91 per share on revenue of $31.08 billion, according to a poll by FactSet Research. Squeezed by a slump in online advertising and uncertainty around the global economy, …
Facebook added an average of two billion users in December who used the site daily — about a quarter of the world's population. As per a report by BBC, Facebook’s parent company Meta said that the number of users on the site daily increased by 4 per cent from a year earlier, adding users even in Europe, the US, and …
New Delhi: In the June 2021 quarter, Facebook took action against 3.15 million posts that looked to spread hate. "We removed 31.5 million hate content this quarter, compared to 25.2 million in the first quarter," said Guy Rosen, Vice-President, Facebook. Whereas more than 9.8 million posts were removed from Instagram as compared to 6.3 million in the first quarter. He …
Pinterest Inc. and Snap Inc. said their revenues grew in the September ending quarter, aided by rise in advertising incomes. Image-sharing platform Pinterest’s overall revenue grew nearly 60% in the quarter compared with the same period last year. Multimedia company Snap said its revenue grew by more than 50% in the same quarter, owing to an increase in brand advertising …
