Luxembourg’s National Commission for Data Protection (CNPD) has hit Amazon with a record-breaking €746 million ($887m) GDPR fine over the way it uses customer data for targeted advertising purposes. Amazon disclosed the ruling in an SEC filing on Friday in which it slammed the decision as baseless and added that it intended to defend itself […]
Facebook’s next hardware product will be “smart” Ray-Ban glasses
Don’t get too excited—the new glasses won’t have integrated display capabilities.
Forget “App Tracking Transparency”: Facebook is enjoying more ad revenue than ever
Facebook’s CFO predicts the worst is yet to come, though.
Facebook’s Next Hardware Launch Will Be Its Ray-Ban ‘Smart Glasses’
Facebook’s next hardware launch will be its long-awaited Ray-Ban ‘smart glasses,’ CEO Mark Zuckerberg confirmed on an earnings call this week. When exactly the glasses will arrive is unclear. We least heard they were launching some time in 2021, but th…
Facebook’s next product will be its long-awaited Ray-Ban smart glasses
Facebook’s booming business is dominated by digital ads, but it also has hardware ambitions beyond VR. During the company’s latest earnings call, CEO Mark Zuckerberg said its next product release would be a pair of smart glasses from Ray-Ban. “The glasses have their iconic form factor, and they let you do some pretty neat things,” the Facebook […]
Facebook Warns Growth To ‘Decelerate Significantly’, Mandates Vaccine For US Staff
Facebook said on Wednseday it expects revenue growth to “decelerate significantly.” It also announced that it would require anyone working at its U.S. offices to be vaccinated against COVID-19. Google announced a similar policy earlier this morning. Re…
Zuckerberg is turning trillion-dollar Facebook into a ‘metaverse’ company, he tells investors
Following the quarterly release of Facebook’s earnings numbers where the company’s CFO takes time to walk analysts through the nitty gritty of the company’s financials, CEO Mark Zuckerberg took a moment to zoom out and wax on the company’s future goals, specifically calling out his ambitions to turn Facebook into “a metaverse company.” “I wanted […]
Facebook will require employees to be vaccinated before returning to campus
Earlier today, Google CEO Sundar Pichai announced that the company will require employees to be vaccinated before returning to work on-site. It was part of a larger letter sent to Google/Alphabet staff that also noted the company will be extending its work-from-home policy through October 18, as the COVID-19 delta variant continues to sweep through […]
Facebook reports fastest quarterly growth in five years
Social media company beats forecasts and hits $29bn revenueNetwork condemned for allowing vaccine misinformationFacebook saw its fastest growth this quarter since 2016, the company revealed in its earnings report on Wednesday, despite regulatory concer…
Facebook warns of ‘headwinds’ to its ad business from regulators and Apple
Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50% increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was […]