Netflix beats on Q1 revenue, issues downbeat Q2 forecast, and says Hastings will leave in June
Streaming giant reported results for its first quarter after markets closed on Thursday. Its shares fell 9% after-hours. The company reported: Earnings of $1.23 per share, which included the $2.8 bil...
Snap jumps after revealing plans to lay off ~16% of its workforce, new guidance sees Q1 revenue up ~12% year on year
jumped as much as 10% in premarket trading on Wednesday after the social media company announced that it may cut about 1,000 roles, or roughly 16% of its full-time employees, in an attempt to improve ...
Meta will surpass Google in ad revenue this year, new industry data shows
In a world supported by digital ad dollars, may soon be king. The Instagram owner’s net digital ad revenues are expected to hit $243.5 billion in 2026, surpassing projected $239.5 billion, according...
Roblox announces age-based accounts for young users as child safety lawsuits pile up
on Monday announced its first accounts created specifically for young children and teens, furthering its efforts to increase child safety on the platform. In June, Roblox Kids (for ages 5 to 8) and Ro...
Amid engagement downturn, Epic Games reportedly planning first game with Disney for November launch
“Fortnite” maker Epic Games, struggling through an engagement downturn that led the company to lay off 1,000 employees last month, is leaning into its partnership to turn things around. Per a report ...
YouTube reminds everyone it’s a streamer, raises Premium subscription prices
announced on Friday that it’s raising the cost of its Premium plan by $2 a month to $15.99. The changes will take effect on June billing statements, the company said. YouTube — which last hiked Premiu...
Meta jumps after it releases Superintelligence Labs’ first model: Muse Spark
The first big release from Superintelligence Labs is here — a new multimodal reasoning model called Muse Spark . Shares of Meta spiked on the news, extending gains it had made earlier in the day on o...
Netflix launches gaming app for children 8 and under
on Monday launched Netflix Playground, a new stand-alone gaming app aimed at kids 8 and under. The app promises “no ads, in-app purchases, or extra fees” and is included with all memberships. At launc...
Meta rallies after being named a “top pick” by Morgan Stanley
is off to a strong start to the week after being named a new “top pick” of Morgan Stanley’s internet analysts. Their case: the social media giant is cheap and commands an ever-increasing amount of eye...
Netflix is hiking its prices again
is raising its subscription prices for the fourth time in four years, a move first spotted by Android Authority. Per Netflix’s US pricing page , the cost of an ad-supported plan is climbing $1 to $8.9...
Wait, just how addicted to Facebook and YouTube are Americans today?
In what some are posing as the possible beginning of a “Big Tobacco” moment for Big Tech, a Los Angeles jury yesterday found social media titans Meta and YouTube liable for designing addictive product...
Jury finds Meta and Google liable in social addiction case
A Los Angeles jury found and liable of designing Instagram and YouTube to be addictive for young users, awarding the plaintiff $3 million in damages, with Meta responsible for 70% of the total. The...
Apple says it’s bringing ads to its Maps app this summer
Apple Maps users just trying to find their way in the world might find their paths a little more cluttered by paid suggestions this summer, as has announced new plans to introduce ads into its Maps a...
New Mexico jury orders Meta to pay $375 million in child sexual exploitation trial
has been ordered to pay $375 million in civil penalties by a New Mexico jury after the company was found to have violated state consumer protection laws by enabling child sexual exploitation. Meta was...
The metaverse’s slow, drawn-out demise is getting painful
On Tuesday, in a stark and much-needed reminder not only of the metaverse’s existence, but also of its prolonged disassembly, Meta announced that it would be pulling Horizon Worlds, its metaverse soci...
Amazon raises the price for ad-free Prime Video to $4.99
is giving consumers more — for more. The e-commerce giant is raising the price of its ad-free Prime Video tier to $4.99 a month, up from $2.99. On April 10, the service, now rebranded as Prime Video U...
Just how huge is YouTube, anyway?
YouTube is an entertainment behemoth. This much we know and had done for a while, even before it routinely started cropping up as the biggest thing on TVs, emerged as the leading platform in the ever-...
Report: Meta has acquired Moltbook, the AI-only social network
has acquired the startup Moltbook, which is a viral social network where humans are allowed to read, but only AI agents are allowed to post, according to a report by Axios. Moltbook’s founders, Matt S...
Paramount+ and HBO Max will combine, David Ellison says
The planned merger between and will see the merger of the companies’ streaming apps, Paramount CEO David Ellison said on a conference call Monday. “We will combine the streaming portfolios of the tw...
First Snapchat, now TikTok: Instagram has mastered the art of borrowing features
Facebook was not really close to being the first name in the social media game, with SixDegrees, MySpace, Friendster, and a long list of now defunct sites exploring the idea of creating platforms to c...