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In today’s ExchangeWire news digest: Binance loses up to USD$500m (~£450.5m) to hackers; a new report from Meta reveals up to a million Facebook passwords may have been stolen; and a financial report from ByteDance shows the company experienced significant operating losses last year. Binance loses up to half a billion dollars to hackers […]
Facebook’s UK operations paid £29m in corporation tax last year despite reporting a record £3.3bn in sales, while its average staff pay rose to £262,000. The social media company’s latest accounts for its London-based arm showed gross income from advertisers surged by more than 37% last year from £2.4bn to £3.3bn. Its parent company, Meta, […]
Meta, which owns Facebook, Instagram, and WhatsApp, has begun testing the ability for people to start Community Chats in Messenger and Facebook Groups. Meta rolls out Community Chat on Facebook and Messenger In a statement on Friday, the company noted that – “Today, Mark Zuckerberg announced we’ll begin testing the ability for people to […]
RJ White, 29, knows how difficult it can be to convince Meta to put a game onto its virtual reality headset. He first applied in 2019 with a multiplayer shooting game called “Animov” but was informed through a form email that the game wasn’t a good fit. He tried again with “Hardlight Blade,” a game […]
Meta taps DoorDash for its Facebook Marketplace delivery in the US – Correct Success Meta has announced a new delivery initiative for its Facebook Marketplace in the US. The pilot program lets customers receive their ordered or purchased items to be picked up and delivered by DoorDash. Although free, only eligible orders are covered on the initial […]
Good morning. David Meyer here in Berlin, filling in for Alan this week. Half a year ago, I wrote about how Meta had—contrary to reports—not threatened to leave Europe because of its strong privacy laws, but had rather explained to Wall Street that it would soon have no choice. Well, it’s all happening again. On […]
Facebook-parent Meta, which counts India as its largest market by users, is gearing up to make its third startup investment in the South Asian market. The American social media group, which invested in social commerce Meesho in 2019 and online learning platform Unacademy in 2020, is in talks to back the early-stage startup Better Opinions, […]
Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here. Get The Net Netflix isn’t just vetting third-party vendors for its pre-launch ad business (though it is vetting vendors, to be clear). The streaming leader is on the hunt for an executive to lead its incubating advertising business, The Wall Street Journal reports. […]
Polygon has partnered with Meta to create an NFT platform for Instagram and Facebook, Polygon CEO Ryan Wyatt announced via Twitter. The partnership will expose Polygon’s blockchain ecosystem to Meta’s combined 2.9 billion users. Wyatt said Meta chose Polygon due to its carbon-neutral footprint and high scalability. 🚨 We’re excited to share that @Meta is […]
Facebook parent Meta is slowing the pace of hiring as it reckons with its weakest revenue growth on record and ongoing business challenges, such as Apple’s privacy changes and the war in Ukraine. “We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings […]
