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 […]
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 […]
