Meta's chief executive said users spent a lot of time on the app because of its value, as he was grilled about child safety issues in front of a jury. ...

Let's bring in Alex Canowitz, founder of Big Technology. It's a newsletter and a podcast. I wasn't even going to clarify.Everybody knows. Uh anyway, Alex, it's great to have you here. Um great to be here.>> So, first of all, to Julia's point, the concern is that there might have to be both monetary uh fines here, possibly changes to the app. That would probably be the biggest thing that could hurt it, right. Is if it has to go make significant changes to how people use uh its apps and Instagram.Definitely i ...

Let's bring in Alex Canowitz, founder of Big Technology. It's a newsletter and a podcast. I wasn't even going to clarify.Everybody knows. Uh anyway, Alex, it's great to have you here. Um great to be here.>> So, first of all, to Julia's point, the concern is that there might have to be both monetary uh fines here, possibly changes to the app. That would probably be the biggest thing that could hurt it, right. Is if it has to go make significant changes to how people use uh its apps and Instagram.Definitely i ...

Sen. Elizabeth Warren (D-Mass.) has slammed Tesla Inc. (NASDAQ:TSLA) for failing to pay any federal income taxes in 2025. Does That Seem Fair To You? In a post on the social media platform X on Monday, Warren expressed her criticism of the Elon Musk-led EV giant. "Does that seem fair to you?" she said in the post, sharing an image that said that Tesla had paid "$0.00" in Federal income taxes last year. Does that seem fair to you? pic.twitter.com/OL6PlfKTPy Don't Miss: Warren's claims are backed by The ...

Mark Zuckerberg is on the stand today in a very high-profile social media trial in downtown Los Angeles. Julia Borston is live outside the courthouse for us today uh for today's tech check, no less. Julia, what can you tell us.Well, Kelly, Mark Zuckerberg has been testifying for the past hour in this trial on the addictive nature of Meta's product design and potential damage done to kids and teens. Now, one key line of questioning that he's been facing is whether Meta actually prevents kids under age 13 fro ...

Core Insights - Pinterest is rapidly integrating artificial intelligence tools into its platform to address a declining advertising business and increasing competition from AI chatbots [1][3] Group 1: Business Challenges - The company is facing difficulties in measuring ad effectiveness and encouraging frequent user engagement compared to other social media platforms [3] - There are concerns that AI chatbots may divert users who would typically use Pinterest for activities like wedding planning [3] Group 2: Strategic Initiatives - Pinterest is enhancing its recommendation algorithms to better suggest ads and posts, resulting in a 10% improvement in advertisers' return on spending [7] - The company has initiated the rollout of a voice-based chatbot, which facilitates longer and more specific user inquiries, contributing to an increase in commercial searches [8] - Pinterest is actively filtering out AI-generated content, with its latest model flagging four times more such content than the previous version [9] Group 3: Workforce and Restructuring - In January, Pinterest announced layoffs of approximately 700 employees, representing about 15% of its workforce, as part of a shift towards AI-focused roles [10] - The restructuring plan emphasizes prioritizing AI-powered products and capabilities [11] Group 4: New Partnerships and Expansions - Pinterest is launching a shoppable TV partnership with Roku and has acquired the CTV performance advertising platform tvScientific to enhance its advertising capabilities [11] - The company is piloting a shoppable recipe experience in collaboration with Walmart [11]

Meta CEO Mark Zuckerberg took the stand Wednesday in Los Angeles Superior Court in a landmark trial over claims that social media platforms harm children, marking his first time answering youth safety allegations before a jury. The bellwether lawsuit, K.G.M. v. Meta Platforms, Inc., et al., was filed by a 20-year-old California woman identified by her initials. She alleges that Meta and other social media companies engineered their platforms to hook young users, fueling her depression and suicidal thoughts, ...

Core Insights - Meta has formed a multiyear partnership with Nvidia to enhance its artificial intelligence infrastructure [1][2] - The collaboration aims to support the development of data centers for AI training and inference, as well as Meta's core business [2] Partnership Details - Engineers from both companies will work together to optimize and accelerate state-of-the-art AI models for global AI capabilities [4] - Meta will utilize Nvidia's technology in its WhatsApp messaging service and broader infrastructure initiatives [3] AI Capabilities - Meta's AI assets include the Llama open foundation model family, which features advanced recommendation systems and ad-ranking tools [9] - AI-powered advertising products are projected to reach an annualized run rate of approximately $60 billion by 2025, enhancing click-through, conversion, and pricing metrics [10] Strategic Focus - The company's smart glasses are primarily viewed as an AI interface to retain users within Meta's ecosystem, focusing on monetizing views through advertising rather than establishing an independent commerce platform [11] - AI and agents are seen as strengthening Meta's core business rather than threatening it, with speculation about a potential rebranding to "MetAI" [12]

Core Insights - Snap's direct revenue business has reached an annualized run rate of $1 billion, driven by the growth of the Snapchat+ subscription service [1][4] - The company is actively seeking new revenue sources beyond advertising, with a total of over 25 million subscription users [1][4] - Snap is facing competition from strong platforms like TikTok and Meta's Instagram, prompting a shift towards subscription user growth to boost revenue [1][4] Subscription Services - Snapchat+ was launched in 2022, offering various customized features to enhance user engagement and retention [2][5] - The new subscription feature will allow creators to earn ongoing income directly from loyal fans, set to be tested on February 23 for a small group of Snapchat creators in the U.S. [1][4] User Engagement and Advertising - The total number of active advertisers on the platform grew by 28% year-over-year in the fourth quarter [3][6] - Snapchat's daily active users increased by 5% to 474 million, although there was a decrease of 3 million users compared to the previous quarter [3][6] Strategic Developments - Snap has established a new subsidiary, Specs, focused on operating augmented reality smart glasses, aiming to compete in the rapidly growing wearable device market against Meta [3][7]

Mark Zuckerberg is set to take the stand at a landmark trial over social media addiction and face a barrage of questions about how Meta balances protecting young users on its platforms and boosting revenue https://t.co/nebEwUd0eN ...