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India Is Priority Market for Facebook, WhatsApp and Instagram: Meta India Chief
Meta sees India as a "priority market" with "limitless" possibilities buoyed by macroeconomic growth, digital infrastructure and the popularity of its apps like Facebook, WhatsApp and Instagram, the social media giant's India head Sandhya Devanathan said.
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Meta India's Director and Head of Partnerships Manish Chopra Announces Resignation
Meta's Director and Head of Partnerships in India Manish Chopra has announced his resignation from the company in a LinkedIn post. Chopra joined Meta in 2019 and has been serving as its director and head of partnerships in India. The Director and Head of Partnerships posted a message of his resignation on Tuesday. He also said he would assist with ...
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Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
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Meta's Vice President of Business Messaging Departs Amid 'Year of Efficiency', Pruning of Projects
Meta's Vice President of Business Messaging, Dan Levy, will leave the company in May, the company has confirmed. The senior executive's business messaging project was flagged by Meta CEO Mark Zuckerberg for growth potential, even though he was replaced last year as overall head of ad and business products. The company says business messaging will r...
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India Among Top 3 Nations Contributing Active Users Growth for Facebook: Meta
India is among the top three nations contributing active users growth for Facebook as of December 31, 2022, social media major Meta said in a regulatory filing. The company has reported a 4 percent increase in worldwide daily active users (DAUs) to 2 billion on average during December 2022 from 1.93 billion during December 2021.
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India Among Top 3 Countries For Active Users Growth On Facebook, Says Meta
India is among the top three nations contributing active users growth for Facebook as of December 31, 2022, social media major Meta said in a regulatory filing.
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WhatsApp Business Chat to Drive Sales Sooner Than the Metaverse, Meta CEO Mark Zuckerberg Says
WhatsApp Business chat and Messenger will drive Meta's next wave of sales growth, Meta CEO Mark Zuckerberg said on Thursday. The company's Chief Executive is said to have described the WhatsApp and Messenger as being "very early in monetizing" compared to Facebook and Instagram. Zuckerberg was addressing concerns at a company-wide meeting which was...
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Meta Doubled Staff To Over 87,000 In 2 Years, Saw Covid As Growth Time
Facebook's parentMeta, which has now laid off around 11,000 employees,hired more than that in 9 months this year alone
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Facebook Parent Meta Said to Prepare Large-Scale Layoffs This Week Ahead of Weak Holiday Quarter
Facebook parent Meta is said to be planning to begin large-scale layoffs that are expected to affect thousands of employees this week, according to a report. The company had forecasted a weak holiday quarter and said it anticipated significantly more costs next year, amid the company contending with slowing global economic growth, competition from ...
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Pinterest Posts Slowest Quarterly Growth in Nearly 2 Years, as Inflation Curbs Advertiser Spending
Pinterest on Thursday reported that its quarterly revenue grew 8 percent, its slowest quarterly growth in nearly two years. As ad spending dries up due to decades-high inflation, big tech firms like Alphabet, Meta, and Snap have started to compete for advertising business. Meanwhile, Pinterest's global monthly active users (MAUs) remained flat at 4...
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Google’s Ad Sales Weakens Dramatically, Advertisers Brace for Potential Recession
Google’s parent Alphabet’s growth slipped to its slowest pace since the pandemic, with Google's ad sales weakening even more dramatically than Alphabet's overall revenue. In another sign of more challenging times, YouTube's quarterly ad sales decreased by 2 percent from last year.
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Instagram Parent Meta Explores Reel Monetisation Opportunities With New Ad Formats
Facebook parent Meta Platforms announced a series of new ad formats on Tuesday, aimed at creating new revenue streams for the short video and business messaging products that it has identified as key to growth this year.
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Mark Zuckerberg Points To Layoffs, End Of Era At His Social Media Giant
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg outlined sweeping plans to reorganize teams and reduce headcount for the first time ever, calling an end to an era of rapid growth at the social media giant.
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Meta Loses $2.8 Billion on Metaverse Division Despite the Mammoth Re-Branding Step
In Meta’s Q2 earnings call, its chief Mark Zuckerberg announced that the company’s metaverse-focussed ‘Facebook Reality Labs’ division has reported losses of a whopping $2.81 billion (roughly Rs. 22,410 crore). Despite the financial setback, Zuckerberg has exuded confidence that in the coming years, all the trials and errors that are costin...
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Facebook India Growth Obstacles Said to Include Nude Content, Fewer Women Using the Platform
Facebook saw a plateau in growth in India since last year, when compared to sister apps WhatsApp and Instagram when the service added a few million users in the space of six months. While a Facebook report found that fewer women were using the service due to a variety of reasons, other obstacles to the growth of the service included nude content, t...
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India Is Priority Market for Facebook, WhatsApp and Instagram: Meta India Chief
Meta sees India as a "priority market" with "limitless" possibilities buoyed by macroeconomic growth, digital infrastructure and the popularity of its apps like Facebook, WhatsApp and Instagram, the social media giant's India head Sandhya Devanathan said.
-
Meta India's Director and Head of Partnerships Manish Chopra Announces Resignation
Meta's Director and Head of Partnerships in India Manish Chopra has announced his resignation from the company in a LinkedIn post. Chopra joined Meta in 2019 and has been serving as its director and head of partnerships in India. The Director and Head of Partnerships posted a message of his resignation on Tuesday. He also said he would assist with ...
-
Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
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Meta's Vice President of Business Messaging Departs Amid 'Year of Efficiency', Pruning of Projects
Meta's Vice President of Business Messaging, Dan Levy, will leave the company in May, the company has confirmed. The senior executive's business messaging project was flagged by Meta CEO Mark Zuckerberg for growth potential, even though he was replaced last year as overall head of ad and business products. The company says business messaging will r...
-
India Among Top 3 Nations Contributing Active Users Growth for Facebook: Meta
India is among the top three nations contributing active users growth for Facebook as of December 31, 2022, social media major Meta said in a regulatory filing. The company has reported a 4 percent increase in worldwide daily active users (DAUs) to 2 billion on average during December 2022 from 1.93 billion during December 2021.
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India Among Top 3 Countries For Active Users Growth On Facebook, Says Meta
India is among the top three nations contributing active users growth for Facebook as of December 31, 2022, social media major Meta said in a regulatory filing.
-
WhatsApp Business Chat to Drive Sales Sooner Than the Metaverse, Meta CEO Mark Zuckerberg Says
WhatsApp Business chat and Messenger will drive Meta's next wave of sales growth, Meta CEO Mark Zuckerberg said on Thursday. The company's Chief Executive is said to have described the WhatsApp and Messenger as being "very early in monetizing" compared to Facebook and Instagram. Zuckerberg was addressing concerns at a company-wide meeting which was...
-
Meta Doubled Staff To Over 87,000 In 2 Years, Saw Covid As Growth Time
Facebook's parentMeta, which has now laid off around 11,000 employees,hired more than that in 9 months this year alone
-
Facebook Parent Meta Said to Prepare Large-Scale Layoffs This Week Ahead of Weak Holiday Quarter
Facebook parent Meta is said to be planning to begin large-scale layoffs that are expected to affect thousands of employees this week, according to a report. The company had forecasted a weak holiday quarter and said it anticipated significantly more costs next year, amid the company contending with slowing global economic growth, competition from ...
-
Pinterest Posts Slowest Quarterly Growth in Nearly 2 Years, as Inflation Curbs Advertiser Spending
Pinterest on Thursday reported that its quarterly revenue grew 8 percent, its slowest quarterly growth in nearly two years. As ad spending dries up due to decades-high inflation, big tech firms like Alphabet, Meta, and Snap have started to compete for advertising business. Meanwhile, Pinterest's global monthly active users (MAUs) remained flat at 4...
-
Google’s Ad Sales Weakens Dramatically, Advertisers Brace for Potential Recession
Google’s parent Alphabet’s growth slipped to its slowest pace since the pandemic, with Google's ad sales weakening even more dramatically than Alphabet's overall revenue. In another sign of more challenging times, YouTube's quarterly ad sales decreased by 2 percent from last year.
-
Instagram Parent Meta Explores Reel Monetisation Opportunities With New Ad Formats
Facebook parent Meta Platforms announced a series of new ad formats on Tuesday, aimed at creating new revenue streams for the short video and business messaging products that it has identified as key to growth this year.
-
Mark Zuckerberg Points To Layoffs, End Of Era At His Social Media Giant
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg outlined sweeping plans to reorganize teams and reduce headcount for the first time ever, calling an end to an era of rapid growth at the social media giant.
-
Meta Loses $2.8 Billion on Metaverse Division Despite the Mammoth Re-Branding Step
In Meta’s Q2 earnings call, its chief Mark Zuckerberg announced that the company’s metaverse-focussed ‘Facebook Reality Labs’ division has reported losses of a whopping $2.81 billion (roughly Rs. 22,410 crore). Despite the financial setback, Zuckerberg has exuded confidence that in the coming years, all the trials and errors that are costin...
-
Facebook India Growth Obstacles Said to Include Nude Content, Fewer Women Using the Platform
Facebook saw a plateau in growth in India since last year, when compared to sister apps WhatsApp and Instagram when the service added a few million users in the space of six months. While a Facebook report found that fewer women were using the service due to a variety of reasons, other obstacles to the growth of the service included nude content, t...
