Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.Meta has won a high-profile antitrust case on Tuesday centering on its acquisitions of Instagram and WhatsApp.This is breaking news. Please refresh for updates. ...

Core Viewpoint - A federal judge ruled in favor of Meta Platforms, determining that the company does not possess an illegal social media monopoly due to the increasing popularity of TikTok [1] Group 1 - The ruling represents a significant legal victory for Meta Platforms amidst ongoing scrutiny of Big Tech companies [1] - The decision highlights the competitive landscape of social media, particularly with the emergence of TikTok as a major player [1] - This case marks a pivotal moment in the regulatory challenges faced by large technology firms [1]

John Hegeman has worked on the Facebook app and monetization efforts since joining the social-media company in 2007. ...

Core Insights - Snapchat is launching a new feature called "Topic Chats" to facilitate public conversations among users, allowing discussions on various topics from sports to reality TV shows [1][4] - The feature aims to enhance user engagement by enabling users to see which Topic Chats their friends have joined, promoting common interests [3] - Topic Chats will be moderated using LLM technology and safety measures to ensure adherence to community guidelines, with users able to report inappropriate content [2] Feature Details - Topic Chats will allow users to chat about current events and interests while maintaining privacy, as profiles remain hidden from non-friends [1] - Users can join Topic Chats through a prominent "Join the Chat" button on Stories or Spotlight videos, with messages retained for up to five years [7] - The feature is inspired by user interactions in public comments on Spotlight, indicating a demand for more public conversation options [4] User Engagement - Snapchat reports that users create billions of Snaps daily, indicating a strong engagement level within the platform [5] - The introduction of Topic Chats is expected to further enhance user interaction by surfacing related Spotlight videos alongside chat messages [3]

Core Insights - Meta Platforms' recent Q3 earnings report has raised concerns about the sustainability of its aggressive AI investment strategy, reminiscent of the previous metaverse investment issues faced in 2022 [1] Group 1: Financial Performance - The Q3 earnings update has led to increased investor anxiety regarding the company's future direction and investment focus [1] Group 2: Investment Strategy - There are fears that the current AI investment cycle may replicate the challenges encountered during the metaverse investment phase, indicating potential risks in the company's strategic decisions [1]

Meta Platforms (META) stock has dropped about 16% over the past 21 trading days. This recent decline signals renewed worries regarding slowing user growth and substantial investments in artificial intelligence and reality labs, but significant drops like this often raise a more difficult question: is this weakness temporary, or an indication of deeper issues in the narrative?The Meta Platforms logo (formerly Facebook), the American multinational technology conglomerate founded by Mark Zuckerberg that owns a ...

Group 1 - Social media platform X experienced outages affecting over 5,600 users in the US, as reported by Downdetector [1] - Cloudflare, a web infrastructure company, also faced issues that impacted other services, although the relationship between the outages remains unclear [1][2] - The outages are part of a pattern observed with other major platforms like AWS and Azure, indicating a broader issue within large-scale service providers [2][3] Group 2 - The scale of platforms like Cloudflare allows for low costs and enhanced security tools, benefiting even small organizations [3] - However, when such large platforms experience failures, the impact is widespread and felt by many users simultaneously [3]

Weibo (NasdaqGS:WB) Q3 2025 Earnings Call November 18, 2025 06:00 AM ET Company ParticipantsLiu Yu - Associate DirectorGaofei Wang - CEOFei Cao - CFOSandra Zhang - Head of Investor RelationsNone - TranslatorConference Call ParticipantsAlicia Yap - AnalystOperatorGood day, and thank you for standing by. Welcome to Weibo reports' third quarter 2025 financial results. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To as ...

Financial Data and Key Metrics Changes - Weibo's total revenues for Q3 2025 reached $442.3 million, a decrease of 5% year over year [7][30] - Total advertising revenues were $375.4 million, down 6% year over year [7][31] - Non-GAAP operating income was $132 million, representing a non-GAAP operating margin of 30% [7][30] - Net income attributable to Weibo was $110.7 million, with a diluted EPS of $0.42 [31][36] Business Line Data and Key Metrics Changes - Advertising and marketing revenue decreased by 6% year over year, while value-added service revenues increased by 2% to $66.9 million [31][35] - The e-commerce sector saw over 50% year-over-year growth, driven by stimulus policies [32][33] - The automobile sector maintained solid growth, while food and beverage and apparel sectors experienced revenue declines due to high base effects from the previous year's Olympics [22][33] Market Data and Key Metrics Changes - MAUs reached 578 million in September 2025, with average daily users at 257 million [7][30] - Intelligent search product MAUs exceeded 70 million, with DAU and search queries increasing over 50% quarter over quarter [17][30] - Ad revenues from Alibaba grew by 112%, reaching $45.5 million in Q3 [34] Company Strategy and Development Direction - Weibo's strategy focuses on enhancing user value, maintaining its leading position in hot topics and entertainment content, and leveraging AI for improved recommendation feeds [8][20] - The company aims to strengthen its competitive edge by integrating video content into the recommendation feed and enhancing user engagement through interest-based content operations [10][15] - AI technology is being applied across the advertising lifecycle to improve ad efficiency and performance [24][27] Management's Comments on Operating Environment and Future Outlook - Management noted uncertainties in the advertising outlook for Q4 and 2026, particularly due to high base effects and potential headwinds from national subsidy policies [40][41] - Anticipated events in 2026, such as the Winter Olympics and World Cup, are expected to positively impact advertising placements [42][43] - Management emphasized the importance of adapting to changing market dynamics and enhancing brand marketing strategies [47][48] Other Important Information - The restructuring of the information feed is seen as strategically significant, comparable to past transitions from chronological to algorithm-based sorting [13] - AI-generated ad creatives accounted for nearly 30% of consumption in the real-time video information feed by the end of October [26] Q&A Session Summary Question: Overall advertising outlook for Q4 and 2026 - Management indicated a decrease in ad revenue due to high base effects and uncertainties in consumer spending, but expects improved performance in 2026 with significant events [40][41][42] Question: Strategy and progress of intelligent search - Management reported robust growth in intelligent search, with MAUs exceeding 70 million and a 20% increase in queries quarter over quarter, indicating potential for future monetization [55][56] Question: Feedback on information feed revamp - Management noted that the revamped information feed is expected to enhance user engagement and retention, although it may take time for users to adapt [58][59][60]

Financial Data and Key Metrics Changes - In Q3 2025, Weibo's total revenues reached $442.3 million, a decrease of 5% year over year [7][31] - Total ad revenues were $375.4 million, down 6% year over year [7][31] - Non-GAAP operating income was $132 million, representing a non-GAAP operating margin of 30% [7][31] - Net income attributable to Weibo was $110.7 million, with a diluted EPS of $0.42 [31][36] Business Line Data and Key Metrics Changes - Advertising and marketing revenue decreased by 6% to $375.4 million, while value-added service revenues increased by 2% to $66.9 million [31][35] - E-commerce sector ad revenues grew over 50% year over year, driven by stimulus policies [31][32] - The automobile sector maintained year-over-year growth, supported by Weibo's content ecosystem [32][33] Market Data and Key Metrics Changes - The e-commerce sector showed notable growth, while food and beverage, dairy products, and footwear and apparel sectors experienced revenue declines due to high base effects from last year's Olympics [22][33] - Ad revenues from the automobile sector remained stable, while online games and smartphones saw declines due to budget contractions [22][33] Company Strategy and Development Direction - Weibo's strategy focuses on enhancing user value and maintaining its leading position in hot topics and the entertainment content ecosystem [8][30] - The company is leveraging large language models to improve recommendation feeds and search products, aiming to increase user engagement [8][30] - The restructuring of the information feed is seen as strategically significant, comparable to past transitions from chronological to algorithm-based sorting [12][30] Management's Comments on Operating Environment and Future Outlook - Management noted that the advertising revenue decline was primarily due to a high base effect from the previous year's Olympics [39][41] - Looking ahead, management anticipates challenges in the headset and automotive industries due to subsidy policy changes [40][41] - The company expects significant events in 2026, such as the Winter Olympics and World Cup, to positively impact advertising placements [41][42] Other Important Information - Weibo's intelligent search product MAUs exceeded 70 million, with DAU and search queries increasing over 50% quarter over quarter [17][30] - AI technology is being integrated across the advertising lifecycle to enhance efficiency and targeting precision [24][27] Q&A Session Summary Question: Overall advertising outlook for Q4 and 2026 - Management indicated that Q4 may see a continuation of the ad revenue decline due to high base effects and uncertainties in consumer spending [39][40] - They expect significant events in 2026 to improve advertising placements, particularly in consumer goods [41][42] Question: Strategy and progress of intelligent search - Management reported strong growth in intelligent search, with a 20% increase in queries quarter over quarter, and anticipates future monetization opportunities [53][54] Question: Feedback on information feed revamp - Initial feedback on the revamped information feed has been positive, with expectations of improved user engagement and retention over time [56][59]