Social Media Marketing

Meta acquisition of Within Unlimited virtual reality company closes

02/14/202302/10/2023 L. Green

Virtual reality - Acquisition - Business

The Facebook parent company was able to win an antitrust lawsuit filed against it by the FTC. When Meta recently won an antitrust lawsuit filed against it by the Federal Trade Commission (FTC), the judge required the company to wait a week before closing its acquisition deal of virtual reality company Within Unlimited. The FTC’s lawsuit sought to stop Meta from being able to purchase Within Unlimited. Meta’s efforts to purchase the virtual reality company best known for its Supernatural fitness application were delayed by over a year as it…

Meta Platforms launches a “Year of Efficiency”, and its stock takes off

02/06/202302/03/2023 Jorge Gonzalez

CEO Mark Zuckerberg has vowed to work on achieving improved efficiency and decision making. Facebook founder and Meta Platforms CEO Mark Zuckerberg has been pouring billions into the digital metaverse world and the company has been bleeding money as a result of these ventures. The company is now committing to focus its attention on the more immediate problems it is facing. Following drooping stock prices and substantial losses, Meta Platforms will now be buckling down and looking to correct its more immediate problems, such as sending its users improved relevancy…

Massive Twitter auction seeks to sell everything from logo statue to office furniture

01/20/202301/18/2023 John Montgallo

The struggling social media company has placed hundreds of items up for sale online. A Twitter auction has been announced as the social media company has placed hundreds of its office items up for sale from its San Francisco headquarters. Even the statue of the company’s famous bird logo was given a short span of time for bidders. The bird logo statue was up for sale in the Twitter auction for thousands of dollars, as was a 6-foot planter in the shape of an @ symbol. It has drawn considerable…

Twitter’s new For You page angers its users

01/16/202301/14/2023 Jesse Collins

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The social media platform now defaults to a layout somewhat like TikTok and users don’t like it. Twitter users are beginning to see a new algorithmically driven For You page style feed similar to the design that TikTok presents upon initially opening the application. Users of the platform have been quite outspoken over their dislike of the new format. The new For You page is a feed of the tweets made by other users that are followed, in combination with tweets from other accounts that are suggested by the platform’s…

Twitter faces $136,260 lawsuit for failing to pay rent since Elon Musk takeover

01/06/202301/05/2023 John Montgallo

The San Francisco branch’s landlord has accused the company of leaving rent unpaid. As Elon Musk makes drastic cuts all over Twitter in an attempt to save on expenses – while watching his own fortune shrink – the social media company is now facing a lawsuit from its San Francisco branch landlord for failing to pay the rent. The company is being sued for $136,260 in unpaid rent, while already slashing workers and furniture. The rent owed is for the offices Twitter rents on the 30th floor of a downtown…