Facebook Parent Company Meta Stock Plummets on Warning of Q1 Ad Slowdown

Facebook Reels, which launched on Instagram as a competitor of TikTok, has expanded to 150 countries as a feature on Facebook.

Star Trek” and “Sonic” fans excited with the news from its investor day on Tuesday, but Wall Street was not impressed as the company’s stock took a big hit on Wednesday, taking AMC Networks down with it. At opening, ViacomCBS — which is soon to rebrand itself as Paramount — saw its stock drop nearly 18% to $29.58 per share, while AMC Networks fell 15% at around $37.95 per share.

Let the Facebook wars begin.

Joe Otterson TV ReporterThe business anthology series “Super Pumped” has been renewed for Season 2 at Showtime.The news was announced as part of the ViacomCBS investor day presentation. Each season of the show will focus on a different major story from the world of business.

A masterplan for a Tameside neighbourhood which could create nearly 2,000 new jobs has been unveiled.

Marc Malkin Senior Film Awards, Events & Lifestyle EditorMatthew McConaughey had us fooled for a second.His new commercial for Salesforce, which he co-created and premiered during the Olympics, opens with the Oscar winner in an astronaut’s suit, making the spot look like it could be a trailer for a sequel to his 2014 film “Interstellar.”“I wanted this misdirect at the beginning,” McConaughey told me ahead of the ad playing during Super Bowl LVI on Sunday. “I wanted it to open and look very serious and in space because we’re about to pull the rug out from under you. Some people are going to think this is going to be the trailer for ‘Interstellar 2.’”Instead, McConaughey is floating among the stars in a hot air balloon before waxing philosophically, “It’s not time to escape.

HBO has closed a deal for Doomsday Machine, a limited series about Facebook starring Emmy winner Claire Foy as embattled tech giant COO Sheryl Sandberg and executive producing as well. Anonymous Content (Spotlight, Mr. Robot) and wiip (Mare of Easttown, Dickinson), which took the project to the marketplace in October, will co-produce with HBO.

Todd Spangler NY Digital EditorVenture capitalist and right-wing booster Peter Thiel, after 17 years on the board of Facebook — now Meta Platforms — will step down as director of the internet giant.Thiel joined Meta’s board in April 2005, after he had invested $500,000 in the then-fledgling Facebook startup.Thiel is leaving Meta in order to “focus on influencing November’s midterm elections,” the New York Times reported, citing an anonymous source. “Mr.

Todd Spangler NY Digital EditorMeta has hired the Foo Fighters to rock the metaverse.The social media giant (formerly known as Facebook) will host a free, livestreamed concert performed by Dave Grohl’s Foo Fighters on Sunday, Feb. 13, immediately after the end of the Super Bowl.In addition to streaming on Facebook and Instagram, Meta will present the performance by the Rock & Roll Hall of Famers in an 180-degree virtual-reality concert in Horizon Venues, the company’s social VR app.The concert will be directed by noted music video director and filmmaker Mark Romanek.

is reportedly in talks to appear in a “Spider-Man” spinoff entitled “Madame Web” for Sony Pictures.S.J. Clarkson is set to direct, according to Deadline, while Matt Sazama and Burk Sharpless will write the screenplay.The Madame Web character was first introduced in 1980’s “The Amazing Spider-Man” comic, issue number 210.She is described as a mutant who can predict the future of Spidey superheroes and is usually drawn as an old woman who is blind and paralyzed.

UPDATED with share price, quarterly stats: Shares of Snapchat parent Snap soared 60% on fourth-quarter gains in revenue and daily active users and a chorus of relief across Wall Street that it’s not Facebook.

Nearly 150 taxis across Manchester and Salford staged a two-pronged protest against the introduction of Clean Air Zone (CAZ) charges today (Febuary 3).