Trends - Meta - Business Recorder

Meta to start fully encrypting messages on Facebook and Messenger

Meta Platforms said on Wednesday it has started to roll out end-to-end encryption for all personal chats and calls...

Published 07 Dec, 2023 11:07am

Life & Style

Spotify cuts 17% of jobs as economic growth slows

STOCKHOLM: Music streaming giant Spotify said Monday it would reduce the number of its employees by around 17...

Published 04 Dec, 2023 06:15pm

Technology

Spanish media file 550mn euro lawsuit against Meta

MADRID: A group representing over 80 Spanish media outlets on Monday filed a 550-million-euro ($600 million) lawsuit...

Published 04 Dec, 2023 04:30pm

Technology

Meta Platforms’ paid ad-free service is targeted in EU consumer groups’ complaint

BRUSSELS: Meta Platforms’ paid no-ads subscription service, which it rolled out in Europe this month, breaches EU...

Published 30 Nov, 2023 11:04am

Technology

Meta strikes deal with Tencent to sell VR headset in China

Meta Platforms has struck a deal with Tencent Holdings to sell a new, low-cost virtual-reality (VR) headset in...

Published 10 Nov, 2023 10:16am

Technology

Meta introduces ad-free plans for Instagram, Facebook in Europe

Meta Platforms said on Monday it will offer users in Europe a subscription plan to use Facebook and Instagram...

Published 30 Oct, 2023 06:45pm

Markets

Wall St falls as megacaps slide

NEW YORK: Wall Street’s main indexes dropped on Thursday as megacap stocks remained under pressure, while ...

Published 27 Oct, 2023 05:16am

Technology

Meta quarterly profit more than doubles

SAN FRANCISCO: Meta on Wednesday reported that its quarterly profit more than doubled from last year’s figure to...

Published 26 Oct, 2023 11:59am

World

Dozens of US states sue Meta Platforms for allegedly harming mental health of young people

WASHINGTON: Dozens of US states are suing Meta Platforms and its Instagram unit, accusing them of contributing to a...

Published 25 Oct, 2023 06:19am

Technology

Meta’s Instagram, Facebook to charge EU users for ad-free service: source

Meta Platforms is looking to introduce ad-free subscription plans for Instagram and Facebook users in Europe, two...

Published 03 Oct, 2023 04:43pm

Technology

Actor Tom Hanks warns of ad with AI imposter

SAN FRANCISCO: Actor Tom Hanks and CBS talk show co-host Gayle King on Monday were warning fans about ads featuring...

Published 03 Oct, 2023 04:02pm

Technology

Meta technology chief defends tech titan’s AI strategy

MENLO PARK: Meta’s chief technology officer is quick to push back on assertions that the company has fallen behind...

Published 01 Oct, 2023 11:30am

Technology

Meta putting AI in smart glasses, assistants and more

MENLO PARK: Meta chief Mark Zuckerberg on Wednesday said the tech giant is putting artificial intelligence into...

Published 28 Sep, 2023 12:19pm

Pakistan

Meta unveils strategy aimed at protecting election integrity

ISLAMABAD: Meta, formerly known as Facebook, on Wednesday unveiled its strategy to protect general election...

Published 28 Sep, 2023 05:33am

Technology

EU fines TikTok 345 million euros over child data

LONDON: A European Union regulator fined Chinese-owned social media platform TikTok 345 million euros over child...

Published 15 Sep, 2023 06:28pm

World

EU hits tech titans with tougher market restraints

BRUSSELS: The European Union on Wednesday unveiled the list of digital giants — including Apple, Facebook owner...

Published 07 Sep, 2023 06:21am

Technology

Meta rolls out web version of Threads

Meta Platforms said on Tuesday it was launching the web version of its new text-first social media platform Threads,...

Published 22 Aug, 2023 07:34pm

Technology

Zuckerberg and Musk throw verbal jabs over proposed cage match

WASHINGTON: Billionaires and social media business rivals Mark Zuckerberg and Elon Musk threw new online jabs at...

Published 14 Aug, 2023 11:42am

Technology

Meta plans retention ‘hooks’ for Threads as more than half of users leave app

NEW YORK: Meta Platforms executives are heavily focused on boosting retention on their new Twitter rival Threads,...

Published 28 Jul, 2023 10:57am

Technology

Australia fines Facebook owner Meta $14mn for undisclosed data collection

SYDNEY: An Australian court ordered Facebook owner Meta Platforms to pay fines totalling A$20 million ($14 million)...

Published 26 Jul, 2023 09:53am

World

The problem with X? Meta, Microsoft, hundreds more own trademarks to new Twitter name

Billionaire Elon Musk’s decision to rebrand Twitter as X could be complicated legally: companies including Meta and...

Published 25 Jul, 2023 10:54am

Technology

Elon Musk says Twitter to change logo, adieu to ‘all the birds’

Elon Musk said on Sunday he was looking to change Twitter’s logo, tweeting: “And soon we shall bid adieu to the...

Published 23 Jul, 2023 12:41pm

Technology

Meta opens AI model to commercial use, throwing nascent market into flux

NEW YORK: Meta is releasing a commercial version of its open-source artificial intelligence model Llama on Tuesday,...

Published 18 Jul, 2023 09:08pm

Technology

Norway threatens $100,000 daily fine on Meta over data

OSLO: Norway’s data protection agency said Monday it would ban Facebook and Instagram owner Meta from using the...

Published 17 Jul, 2023 05:27pm

Business & Finance

Corporate net debt hit record in 2022/23, but borrowing appetite to decline: report

LONDON: Companies around the globe took on a record $456 billion of net new debt in 2022/23, although higher ...

Published 17 Jul, 2023 03:47am

Life & Style

Sarah Silverman sues Meta, OpenAI for copyright infringement

Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against Meta Platforms and...

Published 10 Jul, 2023 02:20pm

Life & Style

Threads rife with Twitter roasts as new app clocks 30mn users

Threads is currently the most rapidly downloaded app, even surpassing ChatGPT

Updated 07 Jul, 2023 05:36pm

Technology

Tens of millions sign up to Twitter rival Threads

WASHINGTON: More than 30 million people have downloaded Threads, Meta’s rival to Twitter, within the first few...

Published 07 Jul, 2023 05:24am

Technology

Meta takes aim at Twitter with Threads app, millions join

NEW YORK: Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of...

Updated 06 Jul, 2023 03:29pm

Technology

Amazon, Google, Apple, Meta, Microsoft say they meet EU gatekeeper status

BRUSSELS: Alphabet’s Google, Amazon, Apple, Meta Platforms and Microsoft have notified the European Commission that...

Published 04 Jul, 2023 12:04pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	5.99 ▲ 0.99 (19.80%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.80 ▲ 0.61 (14.56%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.24 ▲ 0.14 (12.73%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.24 ▲ 0.44 (11.58%)
Pace (Pak) Ltd. / Dec 11 Pace (Pakistan) Limited(PACE)	2.85 ▲ 0.29 (11.33%)
Samba Bank / Dec 11 Samba Bank Limited(SBL)	9.93 ▲ 1.00 (11.20%)
Alfalah ETF. / Dec 11 Alfalah Consumer Index ETF.(ACIETF)	12 ▲ 1.01 (9.19%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	2.17 ▲ 0.17 (8.50%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.23 ▼ -0.57 (-8.38%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Dadex Eternit / Dec 11 Dadex Eternit Limited(DADX)	45.73 ▼ -3.71 (-7.50%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	46.64 ▼ -3.78 (-7.50%)
Reliance Cotton / Dec 11 Reliance Cotton Spinning Mills Limited(RCML)	629 ▼ -51.00 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.05
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	65,177,500 ▲ 0.61
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	63,595,500 ▲ 0.45
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	57,594,500 ▲ 0.57
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	54,822,000 ▲ 0.57
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.10
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.16
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	41,814,767 ▼ -1.64
Telecard Limited / Dec 11 Telecard Limited(TELE)	37,055,844 ▲ 0.37

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