Meta’s WhatsApp makes Brazil a key test market for business messaging, Telecom News, ET Telecom

Meta’s WhatsApp makes Brazil a key test market for business messaging, Telecom News, ET Telecom

Meta Platforms said on Thursday its WhatsApp messaging service will introduce a commercial directory and test a payments tool in Brazil, as it bets on business messaging as a potential fresh source of revenue. Brazil, one of the app’s biggest markets, will be the first country to see the new tools deployed outside pilot programmes. … Read more

Ad market worse now than during pandemic lows, David Zaslav says

Ad market worse now than during pandemic lows, David Zaslav says

David Zaslav Anjali Sundaram | CNBC The advertising market is currently weaker than at any point during the coronavirus pandemic slowdown of 2020, Warner Bros. Discovery Chief Executive David Zaslav said at an investment conference Tuesday. If the ad market doesn’t improve next year, “it’s going to be hard” to hit the company’s $12 billion … Read more

FTX bankruptcy, Meta layoffs: stock investors may be whistling past graveyard

FTX bankruptcy, Meta layoffs: stock investors may be whistling past graveyard

Investors feeling giddy about last week’s sharp rally for stocks might want to give a listen to Tom Waits’ song, “Whistlin’ Past the Graveyard” from 1978, to sober up for the dangers that still lurk ahead. The surge in stocks catapulted the S&P 500 index SPX, +0.92% SPY, +0.97% almost back to the 4,000 mark … Read more

From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses

From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses

From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company back up his contention that so far his tenure … Read more

Investors may be whistling past the graveyard of a recession with the latest rally in stocks

FTX bankruptcy, Meta layoffs: stock investors may be whistling past graveyard

Investors feeling giddy about last week’s sharp rally for stocks might want to give a listen to Tom Waits’ song, “Whistlin’ Past the Graveyard” from 1978, to sober up for the dangers that still lurk ahead. The surge in stocks catapulted the S&P 500 index SPX, +0.92% almost back to the 4,000 mark on Friday, … Read more

Apple now valued at more than Amazon, Alphabet and Meta — combined

Apple now valued at more than Amazon, Alphabet and Meta — combined

Market-cap prices have been updated to trillions, not trillions. Apple Inc. shares have held up far better than those of its Big Tech peers over the past month, and that’s helped the company to a staggering feat: The smartphone giant is now worth more than Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. combined. Apple … Read more

Opinion: Facebook and Google grew into tech titans by ignoring Wall Street. Now it could lead to their downfall

Opinion: Facebook and Google grew into tech titans by ignoring Wall Street.  Now it could lead to their downfall

Alphabet Inc. and Meta Platforms Inc. became two of the most valuable companies in the world by largely ignoring Wall Street and its concerns about their spending and big-money acquisitions. Now, in the thick of a slowdown in ad spending and with a potential recession looming, Wall Street is sending obvious signals that the parent … Read more

Facebook earnings cut in half, Meta stock sinks towards lowest prices in more than 6 years

Facebook earnings cut in half, Meta stock sinks towards lowest prices in more than 6 years

Facebook parent Meta Platforms Inc. on Wednesday the latest tech titan became tattooed by a precipitous drop in digital advertising, reporting less than half the profit it had in the same quarter a year ago and sending its stock plummeting towards the lowest prices in more than six years. Meta Meta, -5.59% posted third-quarter earnings … Read more

Stocks are having a stellar October. Why the bear-market rally may have more room to run.

Stocks are having a stellar October.  Why the bear-market rally may have more room to run.

An earlier version of this story misstated the date of the US midterm elections. They will be successful Nov. 8, note Nov. 9. Despite a raft of risky events that investors must face down over the coming weeks, some on Wall Street believe that the latest bear-market rally in stocks has more room to run. … Read more

Social media platforms brace for midterm election mayhem

Social media platforms brace for midterm election mayhem

A Facebook search for the words “election fraud” first delivers an article claiming that workers at a Pennsylvania children’s museum are brainwashing children so they’ll accept stolen elections. Facebook’s second suggestion? A link to an article from a site called MAGA Underground that says Democrats are plotting to rig next month’s midterms. “You should still … Read more