Meta - Iraq Bulletin

Unexpected ally, Taliban sides with Twitter in social media clash

adminJuly 13, 2023July 13, 2023

July 13, 2023July 13, 2023

In an unanticipated development, Anas Haqqani, a key leader of the Taliban, has entered the ongoing social media feud between Twitter and Threads. He publicly stated his preference for Twitter, attributing his choice to the platform’s commitment to upholding freedom of speech. In a Twitter post, Haqqani lauded Twitter’s liberal......

Business

Meta’s Threads versus Twitter, a battle of visions and leadership

adminJuly 7, 2023July 7, 2023

July 7, 2023July 7, 2023

The advent of Meta’s Threads app, while a significant milestone in the social media sphere, has raised significant concerns for Twitter, particularly amidst recent internal turbulence. Twitter, once a colossus in the microblogging space, now finds itself in precarious waters, largely attributed to its current leadership under Elon Musk. Musk,......

Technology

Spotify will reduce its workforce by 6 percent

EditorJanuary 23, 2023

January 23, 2023

In an effort to prepare for a possible recession, music streaming company Spotify Technology announced on Monday that it is planning to lay off 6% of its employees. This is approximately 600 jobs, adding to the glut of layoffs in the technology sector. As part of a broader reorganization, Dawn......

Technology

EU antitrust probe could lead to a $11.8 billion fine for Meta

EditorDecember 20, 2022

December 20, 2022

The European Commission, which is the executive arm of the EU, has found Meta to be in violation of EU antitrust law. This is because it has distorted competition in the markets for online classified ads. In its decision, the Commission expressed concern over Meta’s decision to pair its personal......

Technology

Funding for metaverse projects is raised with a $10 billion bond issue by Meta

EditorAugust 10, 2022

August 10, 2022

Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, raised $10 billion in its first bond offering on Tuesday. The technology giant plans to use the raised capital to revamp its business and fund share buybacks. Several expensive initiatives, including its virtual reality metaverse, will also be funded with......