The Week (June 28)
“There may be no bigger scramble in business right now than the race to dominate retail media,” which is expected to “account for more than a fifth of all digital ad spending in 2024.” The stakes are high. Amazon, for example, “earned $46.9 billion from retail ads,” which was more than all of Coca-Cola’s global revenue “and makes Amazon the third-largest advertising platform in the United States, behind only Google and Facebook.”
Tags: $46.9 billion, 2024, Advertising platform, Amazon, Business, Coca Cola, Digital, Dominate, Facebook, Google, Race, Retail media, Scramble, Spending, U.S.
Quartz (October 22)
“Among American adults, reliance on TikTok for news content has roughly tripled since 2020, rising from 3% to 10% in the past two years. More than a quarter of US adults under 30 now regularly use TikTok for news.” The overall trend is, however, morning the other way as fewer Americans rely “for news on social media, especially Facebook, Twitter, Reddit, and Snapchat” according to recent findings of the Pew Research Center.
Tags: Adults, Facebook, News, Reddit, Rely, Snapchat, Social media, TikTok, Trend, Twitter, U.S., Under 30
CNN (February 3)
“Meta Platforms, the company formerly known as Facebook, just had its worst trading day in its history as a public company,” dropping $240 billion or 26% of its market cap. “The eye-popping drop in value is a reminder of just how massive the tech giant really is. Meta’s market cap has now declined by an amount that is greater than the total valuation of most public companies.”
Tags: $240 billion, Drop, Eye-popping, Facebook, Giant, Market-cap, Massive, Meta Platforms, Tech, Trading, Value, Worst
The Guardian (October 10)
“The latest revelations mark the beginning of the end for the House of Zuckerberg. The Observer’s investigations into Facebook in 2018 exposed a toxic culture. But still the business thrived.” This may seem like déjà vu, but the outcome looks set to drastically differ from the last slap on the wrist, especially if a new legal suit succeeds in proving Facebook “lied to investors.”
Tags: Déjà vu, Exposed, Facebook, Investigations, Investors, Legal suit, Lied, Outcome, Revelations, Toxic culture, Zuckerberg
Seattle Times (August 4)
“In a sign of growing momentum for vaccine mandates, Microsoft has reversed course and will now require employees to be fully vaccinated to enter the company’s U.S. offices and other worksites.” The revised policy “follows similar moves last week by other employers including tech rivals Google and Facebook, along with Disney and Walmart.”
Tags: Disney, Employees, Employers, Facebook, Google, Mandates, Microsoft, Momentum, Offices, Policy, U.S., Vaccine, Walmart, Worksites
Barron’s (August 19)
“Apple is the first U.S. company to achieve a valuation of $2 trillion,” a valuation that Saudi Aramco has also achieved. There are three other “stocks with a valuation above $1 trillion.” Amazon.com and Microsoft are each about $1.6 trillion with Alphabet trailing at $1.0 trillion. “Facebook (FB) is the next-closest U.S. stock to the 13-digit level, with a valuation of $748.1 billion.”
Market Watch (July 31)
“Both Facebook and Netflix saw their shares fall into bear-market territory on Monday, defined by a decline of at least 20% from a recent peak, and nearly 40% of the S&P 500’s technology sector is in correction territory.” Some say there’s been a seismic shift, but “it remains to be seen if the recent moves represent a sea change for a reemergence for value, which has been overshadowed by growth plays, or if moves of the past few days are a blip.”
Tags: Bear market, Correction, Facebook, Growth Blip, Netflix, S&P 500, Shares, Technology sector, Value
Institutional Investor (May 17)
“Having witnessed the Cambridge Analytica-Facebook disaster…. Asset managers are getting behind a new set of voluntary best practices in using data that includes personally identifiable information, or PII.” This January, the Investment Data Standards Organization was launched with members including “data vendors and users, such as hedge funds. It has published a set of standards that it views as a work-in-progress, meant to govern and adapt to the fund industry’s early and exploding use of alternative data.”
Tags: Asset managers, Best practices, Cambridge Analytica, Data vendors, Disaster, Facebook, Hedge funds, Investment Data Standards Organization, Personally identifiable information
U.S. News & World Report (February 6)
“A report published last year stated that more than 37 percent of workers in Silicon Valley are foreign-born.” Not surprisingly, given that, “a group of nearly 100 tech companies have filed an amicus brief to a federal appeals court voicing concerns over President Donald Trump’s stalled immigration-focused executive order.” Among them were “Google, Apple, GoPro, Facebook, Dropbox, eBay, LinkedIn, Microsoft, Netflix and Twitter.”
Tags: Amicus brief, Apple, Dropbox, EBay, Facebook, Foreigners, Google, GoPro, Immigration, LinkedIn, Microsoft, Netflix, Silicon Valley, Tech companies, Trump, Twitter, U.S.
Wall Street Journal (April 14)
“Social media companies quickly are becoming the dominant news providers for many Americans and citizens across the world. The implications of this revolution are significant for how we understand the information ecosystem and our democracy.” Facebook has become far and away the most common source of news in the U.S., followed by Twitter.
Tags: Democracy, Dominant, Facebook, Information ecosystem, News, Revolution, Social media, Twitter, U.S.
