Social Media news

On Thursday, reports emerged that Donal Trump is planning to launch his own social media platform, dubbed TRUTH Social. The former US President was banned from Twitter Inc. (NYSE:TWTR) and suspended by Facebook Inc. (NASDAQ:FB) after his supporters stormed the US Capitol.

On Monday, Facebook Inc. (NASDAQ:FB) shares surged 1.53% after announcing major plans for its Metaverse project. The company is planning to hire more than 10,000 high-skilled engineers across the European Union over the next five years. The company calls the process one…

According to The Wall Street Journal, Facebook Inc. (NASDAQ: FB) plans to recruit 10,000 engineers in the EU in the next five years to develop a virtual realm it considers vital to its future and a significant new tech investment driver. Facebook hiring staff to build “metaverse” The…

Renren Inc. (NYSE: RENN) stock closed soared higher on Friday and hit a new 52-week high of $25.57. Renren’s payment of at least $300 million to resolve a shareholder lawsuit in which corporate executives were accused of usurping the firm’s billion-dollar investment portfolio has piqued the interest of investors.

It’s been a rough few weeks for Facebook Inc (NASDAQ: FB), especially after the whistle-blower incident that pushed the stock down more than 10% from its high in early September. To add to it, NY Times columnist Kevin Roose touched on the possibility this afternoon that Facebook, much…

Frances Haugen, Facebook Inc (NASDAQ: FB) whistleblower, recently testified to Congress and produced internal documents showing how harmful some of the company’s products are, from having the ability to poison political debates to helping increase the mental-health problem among teenagers.  This testimony is forcing lawmakers to consider creating stricter…

On Tuesday, Facebook Inc. (NASDAQ:FB) shares edged higher 2.46% to trim Monday’s declines. The stock plunged by nearly 5% at the start of the week after the whistleblower Frances Haugen claimed the company was aware of how its platforms are used to…

Twitter, Inc. (NYSE: TWTR) has proven its stability during the first half of the 2021 fiscal year and reported better than expected second-quarter earnings results in July. Despite this, Twitter shares have weakened more than 6% since the beginning of September 2021, and the current share price stands around…

Facebook Inc. (NASDAQ: FB) announced a $100 million commitment to a program that buys unpaid bills from small businesses run by minorities and women this week. Notably, the Facebook Invoice Fast Track initiative buys outstanding invoices, putting cash in small businesses’ hands that would otherwise have to wait…

On Thursday, Facebook Inc. (NASDAQ:FB) shares edged slightly lower amid reports the company is working on a chip to power its machine learning matrix for content recommendations. Reports also suggest that the social media giant is building another chip to improve video transcoding quality. The company…

On Monday, Snap Inc. (NYSE:SNAP) shares spiked 3.44% after Arete Research analysts raised the price target from $72.00 to $83.00 per share, citing increased marketing spending. The analysts believe the increase in ad impression prices, boosted by a higher budget on marketing spending could trigger significant…

Pinterest Inc (NYSE: PINS) shares are down close to 20% on Friday morning as the social networking service said its monthly average users tanked 5% in the fiscal second quarter. It also warned that the decline accelerated further in July, with the MAUs down about 7% on a year…

Facebook Inc. (NASDAQ:FB) shares on Tuesday fell 1.25% before surging 1.70% in the after-hours trading. The social media giant reports its fiscal second-quarter results Wednesday after markets close, and analysts are optimistic amid rising ad spend and growing Asia MAUs.  Analysts see…

After reporting another blockbuster quarter late on Thursday, Snap Inc (NYSE: SNAP) is up about 20% in the stock market this morning. Compared to the year-ago period, shares of the social media company have now more than tripled, leading investors wondering if they’ve missed the boat already. Mitch…

Snap Inc (NYSE: SNAP) said on Thursday its revenue jumped over 100% in the fiscal second quarter as the advertising market continued to recover. Shares of the company jumped roughly 15% in extended trading on better-than-expected Q2 results. Financial performance Snap reported $151.6 million of net loss in the…

Twitter Inc (NYSE: TWTR) reported its financial results for the second quarter on Thursday that beat Wall Street estimates. The company attributed its hawkish performance to launching new products and features that brought in more active users. Shares of the company were about 8% up in after-hours trading.

Snap Inc. (NYSE:SNAP) shares gained 3.3% on Tuesday morning after news broke late on Monday. The social media company is buying 3D and Augmented Reality (AR) solutions provider Vertebrae. The Santa Monica, CA-based technology company also bought WaveOptics, an augmented reality display…

Snap Inc (NYSE: SNAP) reports its quarterly financial results later this week, on July 22nd. Ahead of the earnings report, investors are wondering if the stock is a buy? Mad Money host Jim Cramer seems to think so. On CNBC’s “Squawk on the Street”, he noted that the…

Facebook Inc. (NASDAQ: FB) stock gained just 21% in 2020 which under normal circumstances would be a decent gain. But put up against the 43% return in the broader Nasdaq index, and Facebook stock has some catching up to do. Can it make up for lost time in 2021?…

Digital media giant BuzzFeed Inc. is close to finalizing a deal to go public via a SPAC merger with the blank check company 890 5th Avenue Partners Inc. The Wall Street Journal reported. The decision to list itself on the stock market is part of the company’s strategy to…

Facebook Inc. (NASDAQ:FB) shares slid more than 1% on Wednesday after news a leading executive quit the company. The Verge’s Alex Heath broke the news on Twitter. He revealed Carolyn Everson, the VP of Global Marketing Solutions, left the social media giant. It happened days after…

Facebook (NASDAQ: FB) banned Donald Trump from two of its social platforms, Instagram and FB, following the Capitol Hill riots in January. Facebook’s Oversight Board upheld the decision on Wednesday but criticised the ban for being “permanent”. According to the Oversight Board: “The initial verdict to indefinitely ban…