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'Meta has a problem': Facebook parent company posts financial loss for the first time

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Facebook and Instagram’s parent company, Meta, has posted its first-ever revenue decline, dragged down by a drop in ad spending as the economy falters, and increased competition from rival TikTok. Key points: Global instability, slowdown in the ad market, and competition from TikTok contributed to the losses Meta has drawn high profile criticism over platforms like Instagram as users turn to video Chief Operating Officer Sheryl Sandberg, driver of Meta’s advertising business, is leaving the company Meta shares fell just slightly after the results, indicating Wall Street was mostly expecting a weak earnings report. The company’s total revenue, which consists almost entirely of advertising sales, fell 1 percent to $US28.82 billion ($41.1 billion) in the June quarter, nearly half a billion from a year ago. The results follow broader declines in rival digital advertising markets such as Snap and Alphabet, Google’s parent company, which reported their slowest quarterl...

Sam Mac partner posts heart-melting tribute to his 'rock'

Sunrise Sam Mac partner Rebecca James has posted a heart-melting Instagram tribute to the man she describes as “my best friend and my rock.” The couple was expecting their first child together and the love was definitely real. VIEW THE VIDEO ABOVE: Sam Mac finds his book has been reduced to a dollar For more Celebrity related news and videos, check out Celebrities >> Fashion stylist Rebecca says when Sam doesn’t get up at 4am to read the weather, “every minute is dedicated to bub and me, who never go unnoticed.” He then engages in a long, funny thought bubble about all the sweet things he does for her. “From leaving cute love notes on the chicken, dropping me off at the airport when he’s physically exhausted, surprising me at work with a turmeric almond milk latte, never missing our weekly Aldi grocery store, being by my side when he can be with all things baby Mac. , went to The Source and gave us our favorite protein balls, would gladly accept th...

Labor defends ABC independence after sexualized social media posts

Labor has defended the ABC’s editorial independence after the broadcaster received a scathing backlash for a highly sexualized Instagram post. The Communications Minister has defended the ABC’s editorial independence after the public broadcaster came under fire for a highly sexual Instagram post asking social media users when they last masturbated. The video, which was posted on the ABCQueer platform, shows Dr Naomi Koh Belic of ABC Health providing an analysis of the potential health benefits of masturbation while showing off several different vibrators. Communications Secretary Michelle Rowland said public broadcasters have a legal obligation to provide “innovative and comprehensive” content across its platforms while it maintains its independence. “The ABC has editorial independence,” Rowland said in a statement provided to SkyNews.com.au. Stream more about politics with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer...

AI model detects people's attitudes towards vaccines from their social media posts

People’s attitudes towards vaccines can now be detected from their social media posts with a smart AI model, developed by researchers at the University of Warwick. An AI-based model can analyze social media posts and determine the author’s attitude towards vaccines, by being ‘trained’ to recognize that attitude from a small number of sample tweets. As a simple example, if a post contains mention of distrust of health care institutions, fear of needles, or something related to a known conspiracy theory, the model can recognize that the person who wrote it may have negative feelings about vaccinations. The research, funded by UK Research and Innovation (UKRI), will be presented today (12 July) at the North American Association of Computational Linguistics Annual Conference 2022. It is led by Professor Yulan He from the University’s Department of Computer Science, supported by a 5-year Turing AI Fellowship funded by the EPSRC. Professor He and his colleagues a...

Sophie Cachia investigated by Advertising Standards for sponsored posts

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Huge blow to influencer Sophie Cachia when advertising watchdog set her sponsored posts for ‘life-changing products’ against standards – and the company blames DIA for it By Jo Scrimshire For The Australian Daily Mail Published: 6:20pm EDT, 7 July 2022 | Updated: 6:36pm EDT, 7th July 2022 Influencer Sophie Cachia violated advertising standards with a sponsored Instagram post for a phone charging cable that she described as ‘life-changing’. Cachia failed to explain that her post was a paid advertisement for tech accessories company Cygnett and even said in her Story that it was ‘not a sponge’. However, the Ad Standards Community Panel ruled that it was actually an advertisement, noting that Ms Cachia was a Cygnett ambassador. In an unexpected twist, Cygnett threw Ms Cachia under the bus in response to the Panel, revealing the Survivor Australia star uploaded the post without ...