Meta Platforms announces impressive 2023 financial performance, emphasizes AI and metaverse growth

Meta Platforms announces impressive 2023 financial performance, emphasizes AI and metaverse growth

Meta Platforms, Inc. (Nasdaq: META) has released its financial results for the fourth quarter and full year ended December 31, 2023, showcasing significant growth across its operations and a strong commitment to advancing artificial intelligence (AI) and the metaverse. Mark Zuckerberg, Meta’s founder and CEO, emphasized the company’s continued growth and progress in integrating renewable […]

Meta Platforms announces 16% increase in Q2 2023 net income to $7.8bn

Meta Platforms announces 16% increase in Q2 2023 net income to $7.8bn

Meta Platforms Inc., the tech giant behind the Facebook ecosystem, reported a 16% year-over-year (YoY) increase in net income, reaching $7.78 billion for the quarter ending June 30, 2023. This robust performance was delivered amid ongoing business realignment and strategic changes, and resulted from an 11% YoY rise in revenue, which totaled $31.99 billion. Mark […]

Threads: The social media sensation that’s making Twitter nervous!

Threads: The social media sensation that’s making Twitter nervous!

Meta’s Instagram has launched Threads, an innovative app designed for text-based sharing, broadening the scope of communication beyond photo and video sharing. The app, which is set to become a rival of Twitter, offers a separate platform for real-time updates and public dialogues. Threads, in line with Instagram’s vision, promises a positive, creative space for […]

Reliance Industries announces launch of JioMart on WhatsApp

Reliance Industries announces launch of JioMart on WhatsApp

Reliance Industries said that Jio Platforms is partnering with social technology company Meta to launch ‘JioMart on WhatsApp’ — an end-to-end shopping experience on WhatsApp to enable consumers to shop from JioMart from their WhatsApp chat itself. JioMart on WhatsApp will let users in India, including those who are yet to shop online browse through […]