Amid the ongoing quarterly earnings season, it is Facebook-parent Meta’s turn. For the three months ended September 30, the social media company witnessed a rise in its revenue and profitability alike. Its…
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Meta proposes slashing of monthly fees for Facebook and Instagram in Europe
Social media company Meta has now offered to bring a substantial reduction in its monthly ad-free subscription fees in the European Union. The decision comes amid increasing scrutiny of Meta’s business practices,…
Meta surpasses Q4 2023 expectations, Reality Labs clocks major operating loss
The “year of efficiency” has finally come to an end for social media company Meta, which recently reported its financial results for the quarter and full year ended December 31, 2023. The…