Meta's Threads Micro

Meta's Threads micro-blogging app now has 275 million monthly users, Zuckerberg says

Threads, Meta's rival to Elon Musk's X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday.

Business - CNBC - 4 hours ago

Social Media Layoffs Hit Meta

The tech giant confirmed an unspecified number of job cuts at WhatsApp and Instagram.

Business - Inc. - October 17

Meta misses on user growth, warns of 2025 jump in AI spending

Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.

Business - CNBC - Yesterday

Super Micro’s troubles build as auditor resigns, sending stock tumbling 33%

Super Micro filing indicates Ernst & Young flagged governance concerns back in July, which was before a short seller’s report put them on the minds of investors.

Business - MarketWatch - Yesterday

Super Micro Computer Tumbles After Auditor EY Resigns

Ernst & Young has resigned as the auditor for Super Micro Computer after finding that it can no longer rely on management’s misrepresentations.

Tech - The Wall Street Journal - Yesterday

What the Budget means for your money

Key measures on tax, investments, pensions and property

Business - Financial Times - Yesterday

The Budget in brief: what you need to know

A quick guide to the UK chancellor’s main policy announcements and official economic forecasts

Business - Financial Times - Yesterday

Super Micro Computer shares drop by one-third after EY resigns as auditor

Server maker said in August it would delay the release of its fiscal year 2024 results

Business - Financial Times - Yesterday

Super Micro Computer's shares plunge 33% after server maker's accounting firm quits

Shares of Super Micro Computer have plunged more than 33% after the server maker disclosed that Ernst & Young had resigned as its public accounting firm

Tech - ABC News - Yesterday

Super Micro's $50 billion stock collapse underscores risk of AI hype

Since being added to the S&P 500 in March, Super Micro has lost about two-thirds of its value and now faces the risk of Nasdaq delisting.

Business - CNBC - 4 hours ago

Super Micro's $50 billion stock collapse underscores risk of AI hype

In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains.

Meta fires staff for abusing $25 meal credits

Workers used benefits to buy acne pads, wine glasses and laundry detergent

Business - Financial Times - October 17

Meta under fire for ‘polluting’ open-source

Open Source Initiative chief criticises tech group for using the term to describe its Llama models

Business - Financial Times - October 17

Meta unveils features to combat teen ‘sextortion’

Meta is ramping up its efforts to fight sextortion on Instagram with the launch of new features that are designed to help prevent young users from getting blackmailed into sharing nude photos.

Meta fires staff for buying toothpaste, not lunch

Meta workers reportedly used vouchers that should have been spent on meals to buy household goods.

Meta Battles Social Media Addiction Lawsuit in Massachusetts

Meta, which owns and operates Facebook and Instagram, is facing accusations that it used tactics to get users hooked on its platforms.

Business - Inc. - October 19

Albania's left-wing former President Meta is arrested on corruption allegations

Albanian prosecutors have arrested former President Ilir Meta on suspicion that the left-wing Freedom Party leader engaged in alleged corruption, money laundering and hiding of personal income and ...

World - ABC News - October 21

Why Meta and Snap are spending billions on AR glasses

Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.

Business - CNBC - October 24

House Republican presses Meta on censoring political content

Texas Rep. August Pfluger (R) expressed concern in a letter to Meta on Tuesday over the platform's decision to automatically opt users out of political content, arguing the platform's users should ...

Politics - The Hill - October 24

Meta Reports Record Revenue, Slower Ad Growth

The social media giant is spending billions on artificial intelligence and products for virtual and augmented reality.

Tech - The Wall Street Journal - 15 hours ago

Meta and Microsoft Won’t Stop Spending on AI

Both tech giants reported strong third quarters but their stocks fell anyway.

Business - Inc. - 10 hours ago

Ingram Micro could be worth more than $5 billion in return to public markets

Ingram Micro has set terms for its initial public offering, as the profitable California-based information-technology company is returning to the public market with a valuation could be move than ...

Business - MarketWatch - October 15

This five-star fund’s formula rode Super Micro’s gain, while its disciplined strategy avoided the stock’s brutal decline

The Hennessy Cornerstone Growth Fund follows a highly rated strategy of selecting its entire portfolio from scratch once a year.

Business - MarketWatch - October 19

Super Micro shares plunge 33% as auditor resigns after raising concerns months earlier

Ernst & Young resigned over accounting and governance concerns at the buzzy AI firm, which has faced regulatory scrutiny before.

Business - CNBC - Yesterday

Meta Will Face State Lawsuits Alleging Teen Social Media Addiction

Despite efforts to have two cases dismissed, the parent company of Instagram and Facebook will have a legal reckoning over allegations its platforms harm younger users.

Business - Inc. - October 16

Meta fires staff for ‘using free meal vouchers to buy household goods’

Facebook and Instagram owner reportedly dismisses about 24 workers for abusing $25 meal credit system. Meta, the owner of Facebook and Instagram, has reportedly fired about 24 staff at its Los ...

World - The Guardian - October 17

Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'

Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”

Tech - ABC News - October 17

Massachusetts judge rules Meta must face state's social media lawsuit

A Massachusetts Superior Court judge has ruled Meta must face a state lawsuit, alleging the company knowingly designed and deployed features harmful to young online users. Suffolk County Superior ...

Politics - The Hill - October 18

Facebook and Instagram to delete ads that use celebrities without their consent

Celebrities including Elon Musk and Martin Lewis repeatedly feature in ads for products they have not endorsed.

Meta again testing facial recognition software to fight 'celeb bait' scams

Meta, the parent company of Facebook and Instagram, is testing facial recognition software to combat “celeb bait” scams on its platforms, as well as to allow users to more easily regain access to ...

Politics - The Hill - October 22

Meta bans jet-tracking accounts that post updates on Trump, Musk and Zuckerberg

Meta followed Elon Musk's lead, banning jet-tracking accounts run by Jack Sweeney. The accounts posted locations of jets used by Donald Trump and Taylor Swift.

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