New features include shoppable ads on Instagram Reels, video catalogue listings and expanded Omnichannel Ads.
Meta is investing in AI and hiring, while Microsoft’s cloud business is driving growth.
Daily active people using Meta’s family of apps – Facebook, Messenger, Instagram and WhatsApp – was an average of 3.43 billion for March 2025.
The FTC is expected to call Meta current and former executives as well as those from rival companies to testify.
Zuckerberg takes the stand to refute claims of orchestrating a monopoly.
The company is powering Messenger, WhatsApp, Instagram, and Facebook with new AI-based features.
Total revenues reached US$39.07 billion, an increase of 22% year-over-year.
The social networking giant’s revenues rose 27% to $36.4 billion in the first quarter of the year.
The social media giant posted revenue of $40.11 billion in Q4, up 25% compared to the same period in 2022.
The company also expects monetization efforts for Threads to be “a few years” away.
CEO Mark Zuckerberg announced the cuts alongside an update on the company’s “year of efficiency.”
The company continues to face pressure from macroeconomic challenges and Apple’s iOS 14 update.
Revenue continued to grow despite the loss in daily active users over the last quarter.
Today’s updates to its avatars, which will be cross-platform, are the company’s first steps into the metaverse.
Tech gurus Mitch Joel and Cam Wykes look beyond the name change to what it means for adoption of VR and AR.