INSEAD Day 4 - 728x90

Mark Zuckerberg

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • San Francisco, United States - OpenAI on Monday said it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup. The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group and "enables...
  • EU skewers Google, Apple over tech rules – despite Trump threats

    The European Union defied US threats of retaliation Wednesday by accusing Google of violating its digital rules -- which could trigger hefty fines -- and ordering Apple to make its iPhone interact better with rivals' devices.
  • Durov: Father of 100 children is a mysterious and controversial Telegram founder

    Paris, France - Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked horns with authorities, in Russia and around the world. Still a few months shy of his 40th birthday, the man once dubbed the "Russian Zuckerberg" after Facebook founder Mark Zuckerberg...
  • Asia’s richest man takes global rich to the zoo

    The three-day gala -- which saw "Umbrella" singer Rihanna perform on Friday for the first time since last year's Superbowl -- will continue Saturday with a trip to an "animal rescue center" housing exotic animals. The facility is a pet project of Anant's built in his family's hometown Jamnagar in...
  • Meta chief discusses AI risks with Japan PM during Asia tour

    The 39-year-old mixed business with pleasure while in Japan, going skiing with his family and learning about sword-making from a master craftsman. Zuckerberg arrived in Seoul on a private flight on Tuesday night for the second leg of his Asia trip and is expected to meet South Korean President Yoon...
  • Meta quarterly profit jumps but it sees volatility in ad market

    The number of people using Facebook monthly rose slightly to 3.05 billion in a year-over-year comparison while monthly active users of Meta's "family" of apps was 3.96 billion in a 7 percent increase from the same quarter in 2022, the company reported. Meta had suffered a rough 2022 amid a...
  • Meta putting AI in smart glasses, assistants and more

    Zuckerberg made his announcements at the Connect developers conference at Meta's headquarters in Silicon Valley, the company's main annual product event. The event was the first in-person edition of Connect since 2019, before the pandemic, and announcements on generative AI were widely expected.
  • Israeli PM Netanyahu to meet Elon Musk during US visit

    Benjamin Netanyahu announced his meeting with Elon Musk through a post and told that they will discuss artificial intelligence. The tech billionaire launched his own artificial intelligence company, xAI, in July as he seeks to compete with ChatGPT's creator OpenAI.
  • Cage fight with Zuckerberg will be in Italy, says Musk

    WASHINGTON, US - Elon Musk said that his much-hyped cage fight with Mark Zuckerberg would take place in Italy, as authorities there confirmed talks about hosting a "great charity event." While any showdown between the two tech titans has yet to be officially confirmed, Musk said on Friday on his X...
  • Meta posts big earnings

    It posted a profit of US$7.8bn in the recently ended quarter.
  • Arabs play huge role as Threads challenges Twitter’s dominance in social media space with rapid growth

    The new app developed by Meta has attracted more than 100 million users just five days after its debut, indicating its potential to compete with Twitter.
  • Meta loses more: Zuckerberg takes threads fight to European Union

    Threads, billed as the killer of Twitter, a platform that has tumbled into chaos under the leadership of mercurial tycoon Elon Musk, has added more than 100 million users in its first week in app stores.
  • Twitter rival Threads signs up 100 million users in five days

    Threads went live on Apple and Android app stores in 100 countries late on Wednesday, though it is not available in Europe because parent company Meta is unsure how to navigate the European Union's data privacy legislation. Twitter, Threads rival, is thought to have around 200 million regular users but...
  • Hours after Threads takes off, Elon Musk threatens lawsuit

    Threads is the biggest challenger yet to Musk-owned Twitter, which has seen a series of potential competitors emerge but not yet replace one of the world's biggest social media platforms, despite its struggles. Zuckerberg's latest move against Musk further heightened the rivalry between the two multibillionaires.
  • Meta launches Twitter rival Threads, 10m sign-ups in first few hours

    More than 10 million people have signed up to Threads, Meta's rival to Twitter, within the first few hours of its launch, the company's CEO Mark Zuckerberg said. The app went live on Apple and Android app stores in 100 countries at 2300 GMT on Wednesday, and will run with...
  • Twitter undergoes complex changes as Meta all set to unveil rival app

    PARIS, FRANCE- Elon Musk spent the weekend further alienating Twitter users with more drastic changes to the social media giant, and he is facing a new challenge as tech nemesis Mark Zuckerberg prepares to launch a rival app this week. Zuckerberg's Meta group, which owns Facebook, has listed a new app...
  • Musk, Zuckerberg seek cage fight to settle differences

    Months after Musk took over Twitter, Zuckerberg's Meta hinted it was planning to launch its own text-based social media platform - essentially a direct rival.
  • Not my vision of the future: Meta’s Zuckerberg on Apple Vision Pro

    A new-generation Quest 3 with improved performance and slimmed design will be available later this year at a starting price of $500. Zuckerberg described the coming model as Meta's "most powerful headset yet" and promised it would provide the best wireless way to experience mixed and virtual reality.
  • TikTok parent firm ByteDance’s founder lost $17bn in 2022

    ByteDance's success in China's highly competitive internet sector has been largely thanks to its popular short video app Douyin.
  • Italy to investigate Meta over music copyright violations

    Meta is accused of exploiting its dominant position in the market "by asking SIAE to accept an inadequate economic offer, but without providing the appropriate information to assess its actual fairness," the watchdog said.
  • Microsoft adds ChatGPT technology to Excel, Outlook

    The Redmond, Washington giant has been swiftly adopting language-based AI, showing less caution than its rivals despite early problems such as chatbots giving disturbing responses or blatantly inaccurate information. The thrust of the new release is that generative AI, the term for ChatGPT style capabilities, will function as an assistant...
  • Meta to slash 10,000 jobs

    The firm also announced 5,000 other roles would remain unfilled.
  • Facebook, Instagram roll out paid subscription in Australia, New Zealand

    Facing a drop in advertising revenues, parent company Meta is piloting a subscription in Australia and New Zealand before it appears in larger markets. But ahead of the launch, ordinary users seemed less than keen to hand over money to a company that already makes vast sums from their data.
  • Meta launches paid subscription, for whom and why?

    And their posts, photos and videos will have a higher profile than those of non-subscribers by appearing atop search results, commentaries and recommendations. Meta is also promising new creative functionalities. Meta Verified will be rolled out in Australia and New Zealand this week before coming to markets in the United...
  • Meta lays off 11,000 staff, Zuckerberg calls it the ‘most difficult change’

    Zuckerberg said the cuts represented 13 percent of Meta's workforce and would affect its research lab focusing on the metaverse as well as its apps, which include Facebook, Instagram and messaging platform Whatsapp.
  • Meta working to speed up metaverse, but success far from certain

    The biggest announcement from this week's Meta Connect event -- the company's giant's annual conference focused on virtual reality -- was the launch of the much anticipated Meta Quest Pro VR headset, targeted at professionals in creative fields. But there were also legs -- as in, legs for user avatars...
  • Meta unveils new virtual reality headset Quest Pro

    Meta said it is partnering with Microsoft and others to tune popular business and productivity software to virtual worlds using Quest Pro. Capabilities being worked on include using Quest Pro during virtual meetings on the Microsoft Teams platform, according to the two companies.
  • Meta to freeze hiring to tighten budget: report

    Big tech platforms have been suffering from the economic climate, which is forcing advertisers to cut back on marketing budgets, and Apple's data privacy changes, which have reduced leeway for ad personalization. Snap and e-commerce colossus Amazon are among tech firms that have announced workforce cuts this year.
  • Meta’s Quest VR gear to let people ‘hang out’ in fake worlds

    Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to its Quest 2 headsets in another step toward the metaverse. The tweak heading for the latest model Quest from Meta-owned Oculus will let wearers hop into virtual settings with friends,...
  • Strong Meta profit calms investors

    Investors had been worried that as the pandemic eased and people socialized more in real life that they would engage less on Facebook.
  • Russia penalizes Facebook

    FB is accused of not stopping fact-checkers on its platform.
  • Meta lays out moves being made to build the metaverse

    The metaverse is a 3D virtual world where people will be able to interact using sensors, head gear and other gadgets.
  • World’s 10 richest men doubled wealth during pandemic, says Oxfam

    Oxfam said the men's wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per day, in a briefing published before a virtual mini-summit of world leaders being held under the auspices of the World Economic Forum.
  • Experts weigh in on Facebook rebranding to Meta

    Facebook is currently facing a lot of flak for accusations of bias, and leaked internal documents back them up.
  • Facebook ‘metaverse’ to become reality soon

    The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face with a friend.
  • WhatsApp users may encrypt backups

    FB was recently accused of breaching WhatsApp users’ privacy.
  • From Jun 15, Facebook employees can opt for remote work permanently

    Facebook will let any employee to work remotely permanently if the job can be performed that way Company expects it will have most of its US campuses at 50 percent capacity by early September Facebook on Wednesday said it will give employees the option of sticking with remote work for...