Facebook and Instagram's parent company Meta reported a revenue drop for the second time in its history. Snapchat, Microsoft and Google also reported losses in the last quarter.
Meta says it has disrupted a large Russian network of fake accounts pushing a pro-Kremlin view of the war in Ukraine and a separate Chinese campaign targeting the U.S. midterm elections.
Facebook, YouTube, Twitter and TikTok are bringing back familiar strategies from 2020 to fight the spread of disinformation in the 2022 midterm elections.
Companies are bracing for potential trouble ahead by lowering their advertising budgets, cutting costs and adapting to their customers' changing spending habits.
Meta's quarterly earnings are another sign of a protracted slowdown in the digital ad market. Soaring inflation, interest rate hikes and other economic woes are making advertisers cautious.
From celebrities to regular users, many people are complaining that Instagram doesn't know what users want. Here's what you can do to clean up your feed and get rid of suggested posts.
Meta is taking steps to give parents and guardians more oversight of their teens' activities on Instagram and Quest — implementing changes it had announced in recent months.
The ruling amounts to an immediate ban of Facebook and Instagram in Russia, where both platforms are already blocked. WhatsApp, which is owned by the same company, is still allowed.
Sister app Instagram is also launching new parental controls, as the social media company faces pressure to address safety risks to kids in virtual reality.
Russia's top prosecutor called for Facebook and Instagram's parent company to be labeled an extremist group after Meta said it would permit some calls for violence against "Russian invaders."
Facebook, Google, Apple and Microsoft are taking steps to curb Russian propaganda, but they don't want to be kicked out of the country and limit Russians' access to their platforms.
Facebook parent company Meta says it has uncovered Russian efforts to undermine trust in the Ukrainian government and to hack Ukrainian military officials and journalists using social media.
Investors wiped more than $250 billion off the market value of Facebook owner Meta after the company warned competition from TikTok is weighing on growth.
Social media companies will feel pressure from Washington, European regulators and even their own users over kids' safety and privacy, competition and election-related misinformation.
