In recent years, the biggest threat for Meta Platforms (META -3.59%) has been TikTok. Meta's response to that has been its Instagram Reels, which allows users to easily scroll through quick videos just as they would with TikTok. Now, if TikTok ends up getting banned in the U.S., Meta could stand to benefit on multiple fronts: More users moving onto Instagram, and more ad dollars coming its way.It could set the business up for some great growth opportunities, but it also reminds investors of a big risk facin ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:For 2024 Q4, total S&P 500 earnings are currently expected to be up +7.4% from the same period last year on +4.8% higher revenues. Q4 earnings growth improves to +9.5% once the Energy sector’s drag is removed from the aggregate numbers, but the growth pace drops to +4 ...

Meta Platforms Inc’s META Instagram has the potential to generate 50% of the company’s advertising revenue in the U.S., Bloomberg cites from Emarketer estimates.Instagram could breach $32 billion in U.S. advertising revenue in 2025, up over 24% in 2024, as its short-form video product Reels gain traction, Bloomberg cites Emarketer. The video-sharing app boasts over 148 million American users.Also Read: Disney’s Marvel Rivals Game Hits 20 Million Players, Proves Superhero Power Still ReignsBy early 2022, Ins ...

Instagram will soon make up half of parent company Meta’s advertising revenues in the United States.The photo-and-video-sharing app will exceed $32 billion in U.S. ad revenue next year, Bloomberg News reported Wednesday (Dec. 18), citing data from Emarketer. That’s a 24% increase from this year.Meta’s emphasis on video content has been a key driver of that growth, Jasmine Enberg, principal analyst at Emarketer, said in a blog post.“Instagram is now a video-first platform, with users spending close to two-th ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Data Protection Commission (DPC) criticised Meta for a security flaw in its video upload function which hackers were able to exploit. An Irish regulator helping police European Union data privacy on Tuesday said it had fined Facebook-owner Meta 251 million euros ($263 million) for a data protection failure that saw users' ac ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain The Australian Information Commissioner today announced a settlement with tech giant Meta over its involvement in the Cambridge Analytica scandal. The settlement will see Meta establish a A$50 million payment program for Australian Facebook users who had their personal data harvested by the Br ...

Back in 2018, 29 million Facebook users around the world were affected by a security breach that exposed their personal data. Six years later, the Irish Data Protection Commission, which regulates Facebook's parent company Meta in the European Union, has finally issued the company with a fine for the breach.The DPC announced on Tuesday it was fining Meta 251 million euros ($263.5 million) for failing to prevent cyberattackers from exploiting a vulnerability in Facebook's code. The exploit allowed them to us ...

Meta has been fined €251 million (around $263 million) in the European Union for a Facebook security breach that affected millions of users which the company disclosed back in September 2018. The penalty, issued on Tuesday by Ireland’s Data Protection Commission (DPC) — enforcing the bloc’s General Data Protection Regulation (GDPR) — is far from being the largest GDPR fine Meta has been hit with since the regime came into force over five years ago but is notable for being a substantial sanction for a single ...

In Brief Meta has agreed to a $50 million payment program to settle a long-running proceeding in Australia related to misuse of information for political ad targeting, the country’s information watchdog OAIC announced Tuesday.The settlement concerns the 2018 Cambridge Analytica scandal, when data on millions of Facebook users was exfiltrated without their knowledge or consent by a developer on its platform. The OAIC sued Facebook in March 2020 — pursuing damages for the 300,000+ local users believed to have ...

Investors might want to bet on Meta Platforms (META) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a ch ...