Current track

Title

Artist

Current show

The Morning Hustle

5:00 am 9:00 am

Current show

The Morning Hustle

5:00 am 9:00 am

Background

Facebook

Mark Zuckerberg recently announced that his business empire Meta is changing the name of payment app Facebook Pay to Meta Pay. Facebook Pay is Getting a Name Change Meta Pay will be functionally the same as Facebook Pay, so anyone that has previously set-up Facebook Pay will not need to do anything new to start […]

We continue our deep dive series with a focus on Facebook parent Meta Platforms. We will focus as ever on traditional DCF cash flow analysis as well as a relative valuation model to forecast a 12-month price target. We will outline where the standard margin and revenue assumptions predict Meta to trade at, and then outline our […]

Text size Meta faces many concerns, including softening e-commerce spending, inflation, and other macroeconomic issues, according to a Piper Sandler analyst. Fabrice Coffrini/AFP via Getty Images As if Meta Platforms didn’t have enough problems, the company continues to see shrinking advertising rates on its core Facebookbusiness, according to a new research note from Piper Sandler. […]

Facebook parent Meta Platforms Inc will use Broadcom Inc’s custom chips to build its metaverse hardware, becoming the chipmaker’s next billion-dollar ASIC customer, analysts at J.P. Morgan said on Tuesday. ASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 billion in revenue for Broadcom this year, helped by its deals with Meta and […]

Facebook parent company Meta teased its new high-end virtual reality headset, codenamed Project Cambria, on Thursday, showing CEO Mark Zuckerberg himself playing with the next-gen VR display. Zuckerberg didn’t show the headset itself — it’s mosaicked out — but he did show off a new mixed-reality experience, which appears to involve a virtual pet, called […]

Facebook’s parent company, Meta, on Thursday announced plans to open an $800 million data center in Central Texas. The nearly 900,000-square-foot center will be located in Temple, an hour north of Austin, and is set to begin construction this spring. Meta said it is expecting up to 1,250 construction workers to help build the center […]

Russian authorities have announced the “partial restriction” of access to Facebook after the social media network limited the accounts of several Kremlin-backed media organisations in the wake of Moscow’s invasion of Ukraine. The state communications watchdog demanded that Facebook lift restrictions it said the company had placed on state news agency RIA Novosti, state TV […]

On Tuesday, Meta’s owner Mark Zuckerberg boasted about the global roll out of Facebook Reels along with the new monetization tools for creators. In 2020, the Reels feature was enabled on Instagram, then Facebook was also updated with this feature last year. Meta claims that reels are growing rapidly on Facebook. Now creators can monetize […]

Sunday 06 February 2022 9:00 am Facebook considers pulling out of Europe if its data transfer options are further restricted If Meta is not given the option to transfer, store and process data from its European users on US-based servers, Facebook and Instagram may be shut down across Europe, the social media giants’ owner reportedly […]