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Things look good in the metaverse… mostly
Maybe you can’t win them all, but you can still win most of them, right? Big wow: Meta closed the second quarter of 2023 with $32B in revenue, an 11% year-over-year (YoY) increase. Meanwhile, its Facebook user counts keep increasing, too: Daily Active Users (DAUs) hit 2.06B on average, up 5% YoY. Monthly Active Users (MAUs) climbed…
Facebook users rise, Threads engagement drops
We’re not at Meta’s HQ, but between celebrating a milestone and recent Threads news, we’re guessing the emotions of team Zuckerberg must be pretty mixed. Let’s start with the milestone… It’s nothing much, just three billion: Facebook hit 3B monthly active users, making it the first social network to do so. Also, Meta says it’s seeing an…
Changing protocol
In case you didn’t realize it, we’re talking about the hot, hot, app of the moment: Threads. In a legal letter to Mark Zucklerberg, Twitter accused Meta of using trade secrets and intellectual property to create a copycat of Twitter by hiring their former engineers. … But is that true? A Meta spokesperson replied by saying that “No…