Meta saw a 6% increase in its shares following the announcement of its second-quarter earnings report, which surpassed Wall Street’s expectations. The company reported a revenue increase of 22%, reaching $39.07 billion from $32 billion in the previous year. Additionally, net income rose by an impressive 73% to $13.47 billion, resulting in earnings per share
Streams
While X’s owner and CEO continue to tout the app‘s surging popularity and record high usage, the financial outlook for X appears bleak. Despite efforts to attract advertisers, internal documents obtained by The New York Times reveal that X’s revenue has been on a steady decline. In the second quarter of this year, X earned
The AI boom that was once lauded as a revolutionary technological advancement is now facing multiple challenges in translating investments into tangible revenue streams. Companies are struggling to deploy generative AI effectively, leading to a lack of the expected outcomes. AI startups are being overvalued, while consumers are beginning to lose interest in AI applications.
Meta’s utilization of AI technology to generate comment summaries on Facebook is a bold move that aims to enhance user experience. The introduction of these AI summaries in post comment streams is an attempt to provide users with a quick overview of the general consensus within the comment section of a post. While the intention
In a groundbreaking discovery, University of Toronto Engineering researchers have developed a new catalyst that efficiently converts captured carbon into valuable products, even in the presence of contaminants that typically degrade the performance of existing catalysts. This advancement is a significant step towards more economically viable methods for carbon capture and storage that could be
When it comes to the leading global brands of 2023, names like Apple, Microsoft, Amazon, and Google immediately come to mind. These four powerhouses have not only solidified their positions at the top of the list but also hold the coveted spots as some of the world’s most valuable companies. Surprisingly, another player, Nvidia, momentarily
The potential integration of Instagram Stories with WhatsApp Status could be a game-changer for content creators looking to reach a wider audience. With WhatsApp Status boasting 450 million daily active users and experiencing significant growth in Western markets, this new feature could provide an additional platform for sharing your content. By cross-posting your Instagram Stories
Reddit has taken another significant step towards maximizing its revenue opportunities by forming a new Ads API partnership with Sprinklr, a customer experience management platform. This partnership marks an important milestone for Reddit, as Sprinklr becomes the first advertising API partner for the platform. Additionally, Sprinklr will also integrate Reddit’s Data API, offering new ways
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