![]() ![]() ![]() Along with Reels, Meta is also on a promotion overdrive of its free online video game Horizon Worlds and making VR devices to attract the gaming-obsessed next generation. ![]() Two powerful Instagram influencers Kylie Jenner and Kim Kardashian called to “Make Instagram Instagram again”. Many users aren’t amused at what they call the ‘TikTokification’ of Meta. Meta is fighting back with its own video version, Reels, which analysts predict will hugely boost Facebook’s revenues in the future. TikTok, a Chinese short-video platform, is perceived as the Zoomer’s app of choice its function for users to create and watch short, viral videos makes it a world winner. It is faster and younger, while Facebook is still Boomerland with long, meandering sentences by middle-aged users. Hubris or a calculated gamble? Meta’s nemesis today is TikTok. It is now a behemoth that wants to recreate the world online. One of Zuckerberg’s favourite quotes is by Einstein: “Make things as simple as possible, but no simpler.” Facebook started out with the simple mission to connect the world. When asked about his bland dressing choice, the billionaire replied, “I want to clear my life to make it so that I have to make as few decisions as possible about anything except how to best serve this community.” A smart answer, considering many wouldn’t know that it is a designer T-shirt that costs USD 300. Every day he goes to work in a grey T-shirt. He was the world’s third-richest person two years ago now Bloomberg has downgraded him to number 20. A cheap thrill for Cook would be Meta shutting down its dual-camera watch project meant to challenge the Apple Watch.Īt the heart of Meta, the most titanic gamble in the social media universe, stands its creator and CEO, Mark Elliot Zuckerberg. ![]() Last year, Apple changed its mobile operating system to enable users to block intrusive ads from dogging them online. Facebook reportedly traded information about buyers who are targeted by advertisers. It takes time for ripples to hit the shore the unkindest cut of all came from Apple, whose CEO Tim Cook takes a dim view of Facebook’s advertising policies-the Goliath of social networking depends on a tracking system that shows repeat ads for products you’ve already seen on other sites. CEO and founder Mark Zuckerberg lost more than half his fortune this year as his net worth nosedived by USD 71 billion. “I’m not sure there’s a core business that works anymore at Facebook,” Laura Martin, an analyst at Needham told CNBC. In February, Wall Street cut Meta’s valuation by a shocking USD 250 billion, which caused a 26 per cent drop in just one day. Meta reported another dismal first-in its second quarter this year, it reported a 36 per cent drop in earnings. There was no rise in its monthly user activity, either. ![]()
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