Meta (formerly called Facebook) pretty much ignored the social media elephant in the room today on a post-earnings conference call, with chief financial officer Susan Li saying it’s too early to discuss what just happened in Washington, D.C. President Biden has signed into law a bill that would force TikTok’s Chinese parent company to divest the hugely popular U.S. app within about nine months or risk it being banned.
TikTok said it will take the fight to the courts.
“We’ve obviously been following the events related to TikTok closely,” said Li (although the question had been directed to Meta CEO and founder Mark Zuckerberg). “But at this stage it is just too early, I think, to assess its impact or what it would mean to our business.”
Donald Trump’s White House also took a swing at TikTok through Cfius (Committee on Foreign Investment in...
TikTok said it will take the fight to the courts.
“We’ve obviously been following the events related to TikTok closely,” said Li (although the question had been directed to Meta CEO and founder Mark Zuckerberg). “But at this stage it is just too early, I think, to assess its impact or what it would mean to our business.”
Donald Trump’s White House also took a swing at TikTok through Cfius (Committee on Foreign Investment in...
- 4/25/2024
- by Jill Goldsmith
- Deadline Film + TV
Following a day in which CEO Mark Zuckerberg took a drubbing at a Senate hearing, Meta today reported strong revenue growth that beat Wall Street expectations.
The company also declared a cash dividend of $0.50 per share, its first ever.
Revenue for the three months ended December 31 climbed 25% to $40.1 billion, driven by growth in ad impressions across its platforms.
Meta shares jumped in extended trading after it reported income of $14.02 billion. Earnings per share was $5.33.
“We had a good quarter as our community and business continue to grow,” Zuckerberg said in a statement. “We’ve made a lot of progress on our vision for advancing AI and the metaverse.”
Meta also said that it expects first quarter 2024 total revenue to be in the range of $34.5 billion-$37 billion.
In an earnings call, Zuckerberg called the past 12 months as our “year of efficiency,” following the slashing of tens of thousands of jobs. The company has 67,300 employees,...
The company also declared a cash dividend of $0.50 per share, its first ever.
Revenue for the three months ended December 31 climbed 25% to $40.1 billion, driven by growth in ad impressions across its platforms.
Meta shares jumped in extended trading after it reported income of $14.02 billion. Earnings per share was $5.33.
“We had a good quarter as our community and business continue to grow,” Zuckerberg said in a statement. “We’ve made a lot of progress on our vision for advancing AI and the metaverse.”
Meta also said that it expects first quarter 2024 total revenue to be in the range of $34.5 billion-$37 billion.
In an earnings call, Zuckerberg called the past 12 months as our “year of efficiency,” following the slashing of tens of thousands of jobs. The company has 67,300 employees,...
- 2/1/2024
- by Ted Johnson
- Deadline Film + TV
Ke Huy Quan, Stephanie Hsu and Saweetie are among those honored on Gold House’s 2023 Most Impactful Asians A100 list.
The A100 List honors trailblazers across the industry who are at the forefront of what the organization calls the “new gold age.” Gold House will celebrate these honorees and announce several new initiatives at the second annual Gold Gala during Aapi month on May 6 in downtown Los Angeles.
“It’s impossible to fully appreciate the artistic and entrepreneurial renaissance that is currently underway without Gold House,” said honoree Jose Antonio Vargas, the founder of Define American and one of the lead producers of Broadway’s “Here Lies Love.” “With Gold House at the forefront, not only are Asian Americans and Pacific Islanders in the mainstream — we are helping define what is mainstream.”
Honoree and PBS news anchor Amna Nawaz also stated, “When it comes to the power of journalism, I...
The A100 List honors trailblazers across the industry who are at the forefront of what the organization calls the “new gold age.” Gold House will celebrate these honorees and announce several new initiatives at the second annual Gold Gala during Aapi month on May 6 in downtown Los Angeles.
“It’s impossible to fully appreciate the artistic and entrepreneurial renaissance that is currently underway without Gold House,” said honoree Jose Antonio Vargas, the founder of Define American and one of the lead producers of Broadway’s “Here Lies Love.” “With Gold House at the forefront, not only are Asian Americans and Pacific Islanders in the mainstream — we are helping define what is mainstream.”
Honoree and PBS news anchor Amna Nawaz also stated, “When it comes to the power of journalism, I...
- 5/1/2023
- by Jazz Tangcay
- Variety Film + TV
Meta Platforms Inc. said it took a $523 million hit during the first quarter related to the company’s latest round of layoffs, announced in March, that is expected impact 10,000 staffers working across its apps and VR/Ar divisions.
Total personnel and severance costs stemming from the layoffs are expected to amount to $1 billion, the company said on Wednesday as part of its quarterly earnings, with $523 million experienced during the first quarter while the remaining charges will be “substantially recorded” by the end of the year.
Restructuring costs, which include charges related to offices and data centers, for the first quarter amounted to $934 million for Meta’s Family of Apps segment — which includes Facebook and Instagram — and $210 million for the Reality Labs segment.
As for total revenue, Meta beat its forecasts for the first quarter, bringing in $28.56 billion to start the year. But net income continued to decline, with Q1 seeing...
Total personnel and severance costs stemming from the layoffs are expected to amount to $1 billion, the company said on Wednesday as part of its quarterly earnings, with $523 million experienced during the first quarter while the remaining charges will be “substantially recorded” by the end of the year.
Restructuring costs, which include charges related to offices and data centers, for the first quarter amounted to $934 million for Meta’s Family of Apps segment — which includes Facebook and Instagram — and $210 million for the Reality Labs segment.
As for total revenue, Meta beat its forecasts for the first quarter, bringing in $28.56 billion to start the year. But net income continued to decline, with Q1 seeing...
- 4/26/2023
- by J. Clara Chan
- The Hollywood Reporter - Movie News
San Francisco, April 25 (Ians) As tech giants like Meta and Google lay off thousands of employees and more job cuts are on the way, top executives took home hefty bonuses and compensation.
Meta workers grilled CEO Mark Zuckerberg during a virtual Q&a session about the six-figure bonuses given to senior executives amid layoffs, reports Entrepreneur.
According to Meta’s filing with the US Securities and Exchange Commission (SEC) released last week, C-suite executives like chief financial officer Susan Li received $575,613 in bonuses; chief product officer Chris Cox $940,214; chief operating officer Javier Olivan; chief technology officer Andrew Bosworth; Strategy Officer (Cso) David Whener $712,284 and former COO Sheryl Sandberg $298,385.
“Why did the entire executive team get Ee/Ge ratings (top-tier performance reviews at Meta) when they are also directly responsible for the choices that led to us needing to lay off 20+ per cent of the company? Where is the accountability?” one employee asked Zuckerberg,...
Meta workers grilled CEO Mark Zuckerberg during a virtual Q&a session about the six-figure bonuses given to senior executives amid layoffs, reports Entrepreneur.
According to Meta’s filing with the US Securities and Exchange Commission (SEC) released last week, C-suite executives like chief financial officer Susan Li received $575,613 in bonuses; chief product officer Chris Cox $940,214; chief operating officer Javier Olivan; chief technology officer Andrew Bosworth; Strategy Officer (Cso) David Whener $712,284 and former COO Sheryl Sandberg $298,385.
“Why did the entire executive team get Ee/Ge ratings (top-tier performance reviews at Meta) when they are also directly responsible for the choices that led to us needing to lay off 20+ per cent of the company? Where is the accountability?” one employee asked Zuckerberg,...
- 4/25/2023
- by Agency News Desk
- GlamSham
San Francisco, Feb 4 (Ians) Meta (formerly Facebook) lost a whopping 13.7 billion in operating losses for Reality Labs for 2022, giving its Ar-vr and Metaverse dream a huge jolt.
Within the Reality Labs segment, Q4 revenue was 727 million, down 17 per cent due to lower Quest 2 sales.
Reality Labs expenses were 5 billion, up 20 per cent primarily due to employee-related costs and restructuring-related expenses.
Reality Labs operating loss was 4.3 billion in the holiday quarter of 2022.
Meta bought Ar hardware company Oculus for 2 billion back in 2014.
Last year, Meta Founder and CEO Mark Zuckerberg said the company will invest 10 billion for its Metaverse dream.
Meta CFO Susan Li said that the company expects its annual losses for Reality Labs to be even higher in 2023.
“We’re going to continue to invest meaningfully in this area given the significant long-term opportunities that we see. It is a long-duration investment,” said Li.
Zuckerberg said that the company...
Within the Reality Labs segment, Q4 revenue was 727 million, down 17 per cent due to lower Quest 2 sales.
Reality Labs expenses were 5 billion, up 20 per cent primarily due to employee-related costs and restructuring-related expenses.
Reality Labs operating loss was 4.3 billion in the holiday quarter of 2022.
Meta bought Ar hardware company Oculus for 2 billion back in 2014.
Last year, Meta Founder and CEO Mark Zuckerberg said the company will invest 10 billion for its Metaverse dream.
Meta CFO Susan Li said that the company expects its annual losses for Reality Labs to be even higher in 2023.
“We’re going to continue to invest meaningfully in this area given the significant long-term opportunities that we see. It is a long-duration investment,” said Li.
Zuckerberg said that the company...
- 2/4/2023
- by News Bureau
- GlamSham
Updated with commentary from earnings call. Facebook parent Meta Platforms reported its first quarterly drop in year-to-year revenue, with earnings per share sliding 32, as worsening economic conditions and increased competition squeezed results.
CEO Mark Zuckerberg said during an earnings call with Wall Street analysts that the company would slow the rate of growth of its head count in the months to come given the backdrop of foreign exchange gyrations, inflation and rising interest rates.
“We seem to have entered an economic downturn that will have a broad impact on the digital advertising business,” he said. “It’s always hard to predict how deep or how long these cycles will be, but I’d say the situation is worse than it was a quarter ago.” The hiring of a number of new employees by Meta earlier in 2022 as it invests in new initiatives, he continued, means the rate of growth of...
CEO Mark Zuckerberg said during an earnings call with Wall Street analysts that the company would slow the rate of growth of its head count in the months to come given the backdrop of foreign exchange gyrations, inflation and rising interest rates.
“We seem to have entered an economic downturn that will have a broad impact on the digital advertising business,” he said. “It’s always hard to predict how deep or how long these cycles will be, but I’d say the situation is worse than it was a quarter ago.” The hiring of a number of new employees by Meta earlier in 2022 as it invests in new initiatives, he continued, means the rate of growth of...
- 7/27/2022
- by Dade Hayes
- Deadline Film + TV
Click here to read the full article.
Meta, the parent company of Facebook and Instagram, reported 28.8 billion in second-quarter revenue, falling within its projections of reaching 28 billion–30 billion for the quarter but representing a roughly 1 percent decline in revenue year over year.
The company also saw net income fall by 36 percent, landing at 6.7 billion for the second quarter, while total costs and expenses rose by 22 percent to hit 20.5 billion. And as the social media giant faces heated competition from rivals like TikTok, daily active users across Meta’s family of apps were in the low single digits; Meta’s flagship social platform, Facebook, saw a modest 3 percent increase during the second quarter.
Executives pointed to a “weak advertising demand environment” that is expected to continue into Q3, according to Meta’s earnings release. The company is forecasting revenue between 26–28.5 billion for the quarter.
“We seem to have entered an economic...
Meta, the parent company of Facebook and Instagram, reported 28.8 billion in second-quarter revenue, falling within its projections of reaching 28 billion–30 billion for the quarter but representing a roughly 1 percent decline in revenue year over year.
The company also saw net income fall by 36 percent, landing at 6.7 billion for the second quarter, while total costs and expenses rose by 22 percent to hit 20.5 billion. And as the social media giant faces heated competition from rivals like TikTok, daily active users across Meta’s family of apps were in the low single digits; Meta’s flagship social platform, Facebook, saw a modest 3 percent increase during the second quarter.
Executives pointed to a “weak advertising demand environment” that is expected to continue into Q3, according to Meta’s earnings release. The company is forecasting revenue between 26–28.5 billion for the quarter.
“We seem to have entered an economic...
- 7/27/2022
- by J. Clara Chan
- The Hollywood Reporter - Movie News
Update 06:54 Am Pt: Jeff Bezos’ first trip to the edges of space was significant enough to draw coverage from all the major cable news and traditional broadcast networks, relying on the captivating Blue Origin footage of the launch, flight and landing.
“It’s amazing how short this adventure was,” CNN’s Anderson Cooper said after it was clear that Bezos and fellow astronauts were safe at the Texas landing site.
“Yeah, Anderson, but it is still kind of scary, when you are talking about rockets,” Miles O’Brien, aviation analyst who had long covered the NASA space program for the network.
The coverage had some shades of the past, what with some veteran astronauts providing commentary against the anticipation of countdown clocks. But the differences were especially apparent when CNN and other networks patched in audio from the capsule, hoots and cheering could be heard during the brief period of weightlessness,...
“It’s amazing how short this adventure was,” CNN’s Anderson Cooper said after it was clear that Bezos and fellow astronauts were safe at the Texas landing site.
“Yeah, Anderson, but it is still kind of scary, when you are talking about rockets,” Miles O’Brien, aviation analyst who had long covered the NASA space program for the network.
The coverage had some shades of the past, what with some veteran astronauts providing commentary against the anticipation of countdown clocks. But the differences were especially apparent when CNN and other networks patched in audio from the capsule, hoots and cheering could be heard during the brief period of weightlessness,...
- 7/20/2021
- by Tom Grater
- Deadline Film + TV
The Paley Center for Media on Wednesday is launching the first program in a quarterly series focused on the media’s role in combating anti-Semitism. The conversations, which come amid the recent heightened tensions between Israelis and Palestinians in the Middle East, are designed to increase the public’s understanding and awareness of the prejudice, exploring what antisemitism is, how to identify it, and what can be done about it.
The conversation, titled “PaleyImpact: Media’s Role in Identifying, Explaining, and Combating Antisemitism,” arrives today at 10 a.m. Et/7 p.m. Pt on the Paley Center’s YouTube Channel. It will feature Amy Bressman, president of Uja-Federation of New York; Rabbi Abraham Cooper, Simon Wiesenthal Center Associate Dean and Director of Global Social Action; Holly Huffnagle, U.S. Director for Combating Antisemitism, American Jewish Committee; Brad Meltzer, author and historian; and Mark Wilf, chair of the Board of Trustees for Jewish Federations of North America.
The conversation, titled “PaleyImpact: Media’s Role in Identifying, Explaining, and Combating Antisemitism,” arrives today at 10 a.m. Et/7 p.m. Pt on the Paley Center’s YouTube Channel. It will feature Amy Bressman, president of Uja-Federation of New York; Rabbi Abraham Cooper, Simon Wiesenthal Center Associate Dean and Director of Global Social Action; Holly Huffnagle, U.S. Director for Combating Antisemitism, American Jewish Committee; Brad Meltzer, author and historian; and Mark Wilf, chair of the Board of Trustees for Jewish Federations of North America.
- 5/19/2021
- by Patrick Hipes
- Deadline Film + TV
The Paley Center for Media will assemble a number of notable Asian American personalities in various industries from entertainment to sports to discuss how media can help stop the spread of anti-Asian and anti-Asian American hate.
The panel, titled “Media’s Role In Combating Hate and Violence Towards Asians and Pacific Islanders,” will start on Thursday at 10 a.m. Et on the Paley Center’s dedicated channel on Verizon Media’s Yahoo Entertainment. Featured panelists include In the Heights helmer Jon M. Chu, Olivia Munn, Ken Jeong, Eddie Huang, Charles Yu, Susan Li and Jeremy Lin. ESPN’s Cassidy Hubbarth will moderate the discussion.
“The Paley Center is proud to welcome these distinguished panelists for this timely and important discussion, and we are grateful for the support from our official sponsor, Verizon,” said Maureen J. Reidy, the Paley Center’s President & CEO. “This program will shine a light on the...
The panel, titled “Media’s Role In Combating Hate and Violence Towards Asians and Pacific Islanders,” will start on Thursday at 10 a.m. Et on the Paley Center’s dedicated channel on Verizon Media’s Yahoo Entertainment. Featured panelists include In the Heights helmer Jon M. Chu, Olivia Munn, Ken Jeong, Eddie Huang, Charles Yu, Susan Li and Jeremy Lin. ESPN’s Cassidy Hubbarth will moderate the discussion.
“The Paley Center is proud to welcome these distinguished panelists for this timely and important discussion, and we are grateful for the support from our official sponsor, Verizon,” said Maureen J. Reidy, the Paley Center’s President & CEO. “This program will shine a light on the...
- 4/21/2021
- by Alexandra Del Rosario
- Deadline Film + TV
Donald Trump’s reelection campaign is requesting that the first presidential debate between the president and Joe Biden be held in early September, while it has provided organizers with a list of recommended moderators.
The list, below, is heavy in Fox News personalities, yet does not include Chris Wallace. He moderated a debate in the 2016 cycle, but recently interviewed Trump for Fox News Sunday in a widely praised hour-long exchange in which he, at multiple points, fact-checked the president’s assertions.
Trump’s campaign argues that the first debate, now scheduled for Sept. 29, will take place after early voting has begun in 16 states. Two other presidential debates are scheduled for Oct. 15 and Oct. 22. The Trump campaign also continued its call for debate planners to a fourth debate to the schedule in early September, but said that if that does not happen, the Oct. 22 event should be moved to that date.
The list, below, is heavy in Fox News personalities, yet does not include Chris Wallace. He moderated a debate in the 2016 cycle, but recently interviewed Trump for Fox News Sunday in a widely praised hour-long exchange in which he, at multiple points, fact-checked the president’s assertions.
Trump’s campaign argues that the first debate, now scheduled for Sept. 29, will take place after early voting has begun in 16 states. Two other presidential debates are scheduled for Oct. 15 and Oct. 22. The Trump campaign also continued its call for debate planners to a fourth debate to the schedule in early September, but said that if that does not happen, the Oct. 22 event should be moved to that date.
- 8/5/2020
- by Ted Johnson
- Deadline Film + TV
Fox News is apologizing for an infographic that aired on Special Report with Bret Baier on Friday that showed historic stock market reactions to racial unrest sparked by the assault or killing of African American men.
The graphic showed market gains after the assassination of Martin Luther King Jr., the acquittal of police officers in the Rodney King case, and the deaths of Michael Brown and George Floyd.
“The infographic used on Fox News Channel’s Special Report to illustrate market reactions to historic periods of civil unrest should have never aired on television without full context. We apologize for the insensitivity of the image and take this issue seriously.”
Baier also tweeted the network’s apology.
On Friday, Baier had turned to Fox Business correspondent Susan Li for a segment on the economy and stock market. She first gave a report on jobs and individual stocks, before turning to the topic of the graphic.
The graphic showed market gains after the assassination of Martin Luther King Jr., the acquittal of police officers in the Rodney King case, and the deaths of Michael Brown and George Floyd.
“The infographic used on Fox News Channel’s Special Report to illustrate market reactions to historic periods of civil unrest should have never aired on television without full context. We apologize for the insensitivity of the image and take this issue seriously.”
Baier also tweeted the network’s apology.
On Friday, Baier had turned to Fox Business correspondent Susan Li for a segment on the economy and stock market. She first gave a report on jobs and individual stocks, before turning to the topic of the graphic.
- 6/6/2020
- by Ted Johnson
- Deadline Film + TV
In today’s TV news roundup, BBC America announced the premiere date for Season 2 of “Killing Eve” and Comedy Central released a new trailer for Season 2 of “Corporate.”
Dates
The second season of Marvel’s “The Punisher” is set to premiere Jan. 18 on Netflix. In this season, Frank Castle (Jon Bernthal) must come to terms with his former partner Billy Russo (Ben Barnes) who is slowly healing from from the traumatic brain injury that Frank inflicted upon him. Rounding out the cast is Amber Rose Revah, Jason R. Moore, Josh Stewart and Floriana Lima. Steve Lightfoot serves as showrunner, writer and executive producer. Watch a teaser video for the new season below.
“Killing Eve” will return to BBC America on April 7 at 8 p.m. Picking up just 30 seconds after the end of the first season, Season 2 will once again follow the titular MI5 agent Eve Polastri (Sandra Oh) as she...
Dates
The second season of Marvel’s “The Punisher” is set to premiere Jan. 18 on Netflix. In this season, Frank Castle (Jon Bernthal) must come to terms with his former partner Billy Russo (Ben Barnes) who is slowly healing from from the traumatic brain injury that Frank inflicted upon him. Rounding out the cast is Amber Rose Revah, Jason R. Moore, Josh Stewart and Floriana Lima. Steve Lightfoot serves as showrunner, writer and executive producer. Watch a teaser video for the new season below.
“Killing Eve” will return to BBC America on April 7 at 8 p.m. Picking up just 30 seconds after the end of the first season, Season 2 will once again follow the titular MI5 agent Eve Polastri (Sandra Oh) as she...
- 1/3/2019
- by Nate Nickolai
- Variety Film + TV
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