The earnings details posted by Snap were disappointing enough to cause a plunge in stocks of Facebook, Twitter, and other social media companies.
According to the press release, the nationwide rollout of the TRUTH Social app will happen in the first quarter of 2022.
The proposed name change by Facebook is not uncommon amongst Wall Street firms and marks a major milestone in the company’s expansionary efforts.
For achieving Facebook’s mission for metaverse, the recruitment of professionals in the field is paramount.
Twitter also revealed that it is currently creating new tools to let companies run ads to find customers who are more likely to make in-app purchases.
News of the sale has had a positive impact on the shares of both companies. Twitter stock increased by 2 percent while that of AppLovin surged by around 8 percent.
Telegram recently announced that it topped 1 billion downloads and half a billion monthly active users.
The Facebook stock has risen approximately 23.27%, and 19.43% in the past year and YTD respectively.
Facebook stock has dropped 3.30%, 8.84%, and 2.82% in the past three months, one month, and five days respectively through Monday’s pre-market.
Social media giant TikTok said that NFTs will serve as an empowerment tool to further support the creators’ economy. Through NFTs, friends and enthusiasts can reward their favorite creators.
In a short demonstration video, Taylor showed how users can fetch their NFTs from any wallet and use it as their Twitter avatar with an Ethereum checkmark on it, depending on the blockchain technology it is based on.
Facebook stock has gained approximately 35% and 29% in the past year and YTD respectively through Monday.
Soon after Twitter’s announcement of adding the Bitcoin tipping feature to its platform, both Bitcoin and TWTR stock made sound gains on Thursday.
During the second-quarter earnings call in July, Facebook had predicted that the iOS updates could cause more headwinds during the third quarter than earlier.
Facebook has also announced its Portal for Business services allowing small and mid-sized businesses to deploy and remotely manage portal devices for workers.