Meta posts record revenue but misses on earnings
reported record quarterly revenue of $51.2 billion, beating analysts’ expectations of $49.5 billion for the third quarter, but its diluted earnings per share of $1.05 were far below the FactSet analys...
Fubo climbs as Disney merges the platform with Hulu Live TV
Shares of streamer are surging on Wednesday, after announced it completed its majority stake acquisition of the company. Fubo will be merged with Hulu Live TV, creating a juggernaut virtual pay-TV c...
All eyes on Google Search revenue
It’s tough to know what’s going on with Google Search, the cash cow that makes up about half of revenue and a good chunk of its earnings. There are mixed signals on what’s happening to traffic on Goo...
Trump Media rises on plans to make event contracts available on Truth Social in partnership with Crypto.com
Shares of are up after the company announced that it will be making prediction markets available on its Truth Social platform through its partnership with Crypto.com. Users “will be able to trade pre...
Partnering with Peacock won’t put the “plus” back in Apple TV
Today announced that starting October 20, customers will be able to bundle Apple TV and NBCUniversal’s Peacock for 30% off the price of streaming them separately, in what NBCUniversal Media Group Chai...
Apple TV dropped the “plus” as streamers keep pulling back on originals
just quietly dropped the plus sign from its streaming service, Apple TV+. In a Monday announcement about the upcoming streaming debut of “F1: The Movie,” the tech giant casually slipped in a single li...
Meta says Instagram teen accounts will default to a PG-13 content limit
is introducing new guidelines for the content on Instagram teen accounts. The company is turning to the well-known PG-13 standard from the Motion Picture Association , used by the film industry. Any u...
Meta considering a stand-alone TV app as it leans into Instagram videos
is considering building a dedicated TV app to expand the reach of Instagram’s video content, according to comments by Adam Mosseri, head of Instagram, at a Bloomberg conference. Instagram has 3 billio...
An ETF exclusively for meme stocks launches today
Like a phoenix rising from the ashes — or more appropriately, like shares of an embattled company suddenly surging amid a tide of social media optimism — the is back. The actively managed ETF will tr...
OpenAI’s social app for AI videos, Sora, spent the weekend at the top of the App Store rankings
Last week OpenAI unveiled Sora, an AI-only social media app for its latest text-to-video generation model Sora 2. Despite the obvious threat of copyright lawsuits from just about every major studio, a...
OpenAI’s Sora has bumped Google’s Gemini and OpenAI’s ChatGPT from the top of the App Store
OpenAI’s AI-only social media app , Sora, launched three days ago and is already No. 1 on the US free App Store, where it has displaced regular favorite AI apps Gemini from and ChatGPT, OpenAI’s main...
Netflix slumps as Elon Musk ramps up calls for boycotts on the streaming giant
shares slumped Thursday, down for the third straight day, as Elon Musk continued to push for users to cancel their subscriptions to the streaming giant. The backlash centers mostly on Netflix’s animat...
Meta will begin using your AI chats to target you with ads
When rolls out a new product, the company usually waits until that product has a billion users before turning on the ads. In May, Meta announced that Meta AI has crossed that threshold , saying that ...
Reddit sinks on heavy volumes, social media chatter of reduced referral traffic from ChatGPT
is getting smoked amid elevated trading activity, deepening a rout that has seen shares sink 15% in the trailing eight sessions heading into today. The consternation appears to be driven by reports on...
Wired: OpenAI plans to launch a TikTok-like app for its AI videos
OpenAI is planning to launch its own social media app to showcase AI videos generated by its Sora 2, Wired reports. The Sora 2 stand-alone app apparently looks a lot like TikTok with vertical videos, ...
Snap jumps on new revenue stream, continued social media buzz
jumped as high as 5% Monday after the social media company announced that it would be charging users for its Memories features after they reach 5 gigabytes of storage. Snapchat, which has clocked more...
TikTok US is worth only $14 billion, according to the Trump-backed deal
So, we finally have a TikTok US deal, as President Trump signed an executive order to push forward an agreement requiring ByteDance to divest TikTok’s US operations. But rather than settling every que...
Disney+ subscribers are getting (another) price hike next month
streaming prices are going to infinity and beyond . Starting October 21, Disney+ with ads will climb to $11.99 a month (from $9.99), while the ad-free Disney+ Premium plan will rise to $18.99 (from $1...
Snap surges after positive chatter on Reddit’s r/WallStreetBets as users hope for potential acquisition
While initially took a hit on reports that the US and China had reached the framework for an agreement to maintain TikTok’s presence in the US, that news didn’t even keep the stock down for a day. In...
Fox Corp.’s Lachlan and Rupert Murdoch might be part of the TikTok deal, Trump says
President Trump has said that Rupert Murdoch and his son Lachlan, the chief executive of , are “probably” going to be involved in the investor group looking to buy TikTok in the US. In an interview wi...