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Kurt Wagner Profile picture
Kurt Wagner
@KurtWagner8
Covering social media, Facebook + Twitter for Bloomberg @Business. DMs are open. Go Seahawks. Go M’s.
Potato Of Reason Profile picture 1 subscribed
Feb 2, 2022 • 5 tweets • 1 min read
FB/Meta earnings are out. Bad news: Facebook's user base didn't grow in the 4th quarter, which is unheard of for Facebook.

Also Q1 revenue is going to be lower than analysts expected. The stock is down 18%. Meta said in a release it is facing "increased competition for people's time."

It pointed out that one of its most popular features that is taking up user time - Reels, its TikTok clone - doesn't make a lot of money compared to News Feed or Stories
Mar 25, 2021 • 9 tweets • 2 min read
Facebook, Twitter and Google CEOs will appear before a House committee this morning to talk about content moderation and misinformation. Hoping you all have other things going on but if not here is the link to watch!

energycommerce.house.gov/committee-acti… I feel like Dorsey just said something that should be said more often by these companies: Enforcing content policies is a business decision. They do this because they think its better for users and advertisers. Twitter is a business.
May 21, 2020 • 4 tweets • 1 min read
NEW: Facebook’s Mark Zuckerberg is telling employees this morning they plan to hire aggressively for remote workers, and existing employees can soon request to work remote permanently. Says 50% of FB’s workforce could be remote in 5 to 10 years. Twitter, Square, now Facebook. Tech companies are rapidly embracing remote work in the wake of Covid-19. To state the obvious: This is likely the beginning of a massive change for Silicon Valley and the Bay Area.
Jan 22, 2020 • 4 tweets • 3 min read
NEW: Bytedance is looking for a new CEO for its TikTok business. This person will be based in the U.S., and in one scenario, would run all business and operations for the company w/ product and eng remaining in China. Story w/ @sarahfrier

bloomberg.com/news/articles/… @sarahfrier Lots of unknowns still, and it sounds like this role may evolve depending on who is hired/interested. But two main points I heard through reporting:
* Having a U.S.-based CEO might help with concerned U.S. regulators
* It's hard to run a business in the west from Asia
Aug 13, 2019 • 7 tweets • 3 min read
1/ Weird, creepy scoop from @sarahfrier: Facebook contractors have been transcribing random bits of conversation collected from FB users. They weren’t told where the clips were coming from or what the transcriptions were for bloomberg.com/news/articles/… @sarahfrier 2/ Turns out these were voice messages sent via Messenger. In 2015, Facebook started transcribing voice messages so the recipient could read them. Here’s what former Messenger boss David Marcus wrote at the time.
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