Last year, Facebook began testing Reels within the Facebook app for users in the US. The feature is now being rolled out to more than 150 countries worldwide, and to monetize them, Facebook is introducing Overlay ads in Reels. It is also receiving a couple of new updates to improve the creator experience and discovery experience.
Meta has released their earnings report for the last quarter 2021, along with earnings for the entire 2021 fiscal year. The company recorded $117.9 billion revenue during 2021, which is a 37% YoY growth, and the net income was recorded at $39.37 billion, which is growth of 35% YoY. In Q4 2021, they recorded $33.67 billion in revenue, growing 20% YoY, while the net income was $10.2 billion, declining 8% YoY.
Since its rebrand last year, Meta has been working towards their goal of creating a metaverse. One of the major components of this metaverse are the digital avatars used by individuals to represent themselves. The company has revealed an updated version of 3D avatars that can be used in stickers, feed posts, Facebook profile pictures and more.
Continue reading “Meta introduces updated 3D avatars for Facebook, Messenger and Instagram”
Inspired by the Facebook Subscription model, which was launched back in 2020, Instagram has also started testing the Subscription model in the US with some creators. However, the company is planning to expand access to more creators over the next few months. Continue reading “Instagram launches Subscription service to help creators earn monthly”
Facebook has launched the Pac-Man community on Facebook Gaming developed by Genvid and, in collaboration, with BANDAI NAMCO Entertainment. Continue reading “Facebook launches upgraded Pac-Man game with multiplayer feature: Here’s how to play”
Facebook Protect, a security program for groups of people that are more likely to be targeted by malicious hackers, is now being rolled out to 50 countries, including the United States, India, and Portugal. Continue reading “Meta is expanding Facebook Protect to 50 countries including India, makes 2FA mandatory for high-risk accounts”
Just as Facebook announced their rebranding to ‘Meta‘, new leaks have surfaced that showcase an upcoming product of the company – a smartwatch. Images of the device reveal a rounded square design and a front-facing camera, and it will likely compete in the market against the Apple Watch.
Continue reading “Meta smartwatch with front-facing camera surfaces”
During their Connect 2021 yesterday, Facebook announced that the company is rebranding to ‘Meta’. The goal behind this rebrand is to announce the company’s change in direction from being a collection of social media apps to a collection of apps and technologies that form a ‘metaverse’.
Continue reading “Facebook company announces rebrand to ‘Meta’; Oculus brand to become Reality Labs”
Over the years, Facebook has made a number of investments in their artificial intelligence (AI) technology. The company has now announced the launch of a new long-term project called Ego4D, which aims at improving the challenges that AI faces around egocentric perception.
Continue reading “Facebook announces Ego4D AI project to collect first-person view data”
After last weeks global outage to Facebook’s services, Instagram has released a new update to their app that will inform users when outages happen in the future. In addition, Instagram has introduced a new Account Status tool that will function as a one-stop place for account information.
Continue reading “Instagram introduces outages notifications and new Account Status tool”
Facebook has announced their plans to introduce new features for their social media platforms that would work towards discouraging teenagers from consuming harmful content. The announcement comes just as Facebook is facing a problem with a whistleblower who testified against the company’s problematic practices.
Continue reading “Facebook planning to introduce new prompts to redirect teens from harmful content”
If you used any social media platform yesterday, you might have realised that Facebook, WhatsApp, Instagram and Messenger services went down for a couple of hours yesterday. The services were restored yesterday, but not before it created an internet spectacle as loads of people flocked to other services like Twitter with funny tweets and memes.
Continue reading “Facebook, WhatsApp and Instagram outage caused by faulty networking configuration”
Update: September 29, 2021 – After testing it for a month, Facebook has announced that it has started rolling out Reels on Facebook for iOS and Android in the US. Continue reading “Facebook is rolling out Reels within Facebook app starting from the US”
Facebook Messenger is about to hit its 10th anniversary and to celebrate it, the company has announced 10 new features for the app. The updates include Poll Games, a new birthday chat theme, a new way to share contacts, word effects and more.
Continue reading “Facebook Messenger update adds Poll Games, Cash Gifting via Facebook Pay and more”
Facebook has introduced a number of updates to their Transfer Your Information (TYI) tool that improves upon the user experience, adds two new supported destinations, a new data type and more.
