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With $164.5 Billion in Full-Year Revenue, Meta Doubles Down on Subscriptions, Reality Labs, and AI Monetization
The EU Commission has found Meta’s subscription-based “pay or consent” model non-compliant with the Digital Markets Act, potentially leading to significant fines and regulatory actions.
Explore Bloomberg Media’s strategies that drove them to 500,000 subscribers, Jolie’s unique success story, insights on Facebook’s subscription potential, consumer preferences in the subscription economy,
Five on Friday this week spotlights a Netflix study that shows users will cancel subscriptions over potential price hike, the changing landscape of news consumption,
UFC releases 3 original series, TikTok and Meta look at ad-free subscriptions, and Amazon Fresh lowers the threshold for free delivery.
Meta announced they will remove the Facebook News tab in the UK, France and Germany in early December.
Draft regulations for Canada’s Online News Act were released last week. Meta qualifies for an exemption if they pay $60M.
Last week, Threads launched a web app for the new social media platform, hoping to attract and retain users.
Meta is removing access to news on Facebook and Instagram in Canada as a result of the Online News Act.
Last week, Meta reported a strong second quarter of 2023 with double-digit revenue and net income increases.
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