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Meta Platforms Inc. (NASDAQ: META) Reports Record Revenue and Strategic Shifts

Meta Platforms Inc. (NASDAQ: META) has announced a 21% year-over-year increase in revenue for the fourth quarter of 2024, reaching a net income of $20.8 billion. The company’s strong financial performance was driven by advancements in artificial intelligence (AI) that enhanced ad targeting and engagement across its platforms. CEO Mark Zuckerberg highlighted Meta’s AI-powered assistant, … Continue reading “Meta Platforms Inc. (NASDAQ: META) Reports Record Revenue and Strategic Shifts”

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SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Faces Existential AI Challenge as Search Dominance Erodes

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is confronting what some analysts call its most serious threat yet: the rise of AI-powered search engines that could undercut its core advertising business. While Google remains the global leader in search, emerging competitors—most notably OpenAI’s ChatGPT integrated into Microsoft’s Bing—are shifting user behavior and advertising strategies, potentially siphoning off … Continue reading “SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Faces Existential AI Challenge as Search Dominance Erodes”

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