Meta Reports Record - QuikReader

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 - 5 hours ago

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 - 5 hours ago

AMD reports record revenue but Q4 forecast disappoints

Advanced Micro Devices reported record Q3 revenue of $6.8 billio, up 18%. But the shares fell due to a disappointing forecast for Q4.

Tech - VentureBeat - Yesterday

Georgia Officials Report Record Turnout on First Day of Early Voting

Democrats and Republicans alike have crusaded for residents to get to the polls early as Donald Trump and Kamala Harris aggressively seek the state’s 16 electoral votes.

Top stories - The New York Times - October 15

North Carolina Officials Report Record Turnout for First Day of Early Voting

The more than 353,000 ballots cast signaled enthusiasm in the battleground state, but the significance of the high turnout was unclear.

Top stories - The New York Times - October 19

Cocaine-related fatalities surge as England and Wales report record drug deaths

Campaigners say falling prices and social acceptability have driven higher use

Business - Financial Times - October 23

Global coral reef bleaching event is largest on record, report says

New data from the National Oceanic and Atmospheric Administration has scientists ringing alarm bells about the health of the world's oceans. Seventy-seven percent of the world's coral reefs have ...

Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

Billionaire Trump backer has targeted swing states with contest ahead of presidential election

Business - Financial Times - October 24

Reeves confirms change to UK fiscal rules to help fund £20bn of annual investment

Chancellor promises in FT to avoid ‘falls in public sector investment’ planned by Tories

Business - Financial Times - 6 days ago

Growth hit by freeze on tax thresholds, says BoE official

‘Tax-bracket creep’ has hit middle earners hardest, warns Catherine Mann ahead of a likely Budget extension

Business - Financial Times - 6 days ago

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - 17 hours ago

What we know about Trump, Harris medical records after VP releases doctor's report

Kamala Harris recently released her medical records but Donald Trump has yet to do so.

Record levels of heat-related deaths in 2023 due to climate crisis, report finds

Almost half of global land area saw extreme drought for at least one month, according to Lancet Countdown. Heat-related deaths, food insecurity and the spread of infectious diseases caused by the ...

World - The Guardian - Yesterday

White Sox to hire Will Venable as new manager after MLB-record 121-loss season: Report

Congrats Will Venable, you are taking over the worst team in MLB.

Sports - Yahoo Sports - 23 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 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 - 6 days ago

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 - 6 days ago

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.

Meta Bans Accounts That Track Celebrity Jet Travel, Including for Zuckerberg

The suspensions mirror decision Elon Musk made in 2022 to ban similar accounts on Twitter after he acquired the platform.

Tech - The Wall Street Journal - October 22

Meta Quest 3S Review: The Best Headset for VR Noobs

Meta’s most affordable VR headset is cheap, light, and easy to use. Just don’t expect to wear it too long, as the battery life isn't great.

Tech - Wired - October 23

Meta Platforms Defeats Shareholder Lawsuit Over Child Safety Claims

The plaintiffs said Meta misled them about how it makes Instagram and Facebook safe for younger users. A federal judge in San Francisco disagreed.

Business - Inc. - October 23

EY and Meta Fired Workers for Stretching the Rules: What Would You Do?

EY employees watched multiple training videos at once. Meta employees used meal vouchers for non-food items. Here’s how employers should evaluate breaches like these, one expert says.