Kurt Wagner

San Francisco

Covering social media, Facebook + X/Twitter for Bloomberg @Business. Author of “Battle for the Bird.” DMs are open. Go Seahawks. Go M’s. Signal: kurtwagner.08

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Articles

Meta Antitrust Trial Exposes FTC's Narrow View of Social Networks

6 days ago | bloomberg.com | Kurt Wagner

This article is for subscribers only. Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner analyzes the FTC-Meta antitrust trial at its midway point. OpenAI’s new CEO: Sam Altman announced a new OpenAI applications CEO, Instacart’s Fidji Simo, to steer operations and report to him.
Instagram Suggested ‘Groomers’ Connect With Minors, FTC Says (2)

1 week ago | news.bloomberglaw.com | Riley Griffin |Kurt Wagner

Instagram’s automated software systems recommended that child “groomers” connect with minors on the app, making it easier for them to find victims, according to a 2019 internal document presented in court by the Federal Trade Commission. The Meta Platforms Inc. report noted that minors made up 27% of the follow recommendations that the social media app surfaced to “groomers,” a term the company used to refer to accounts they identified as exhibiting predatory behavior toward children.
Instagram instó a “groomers” a conectar con menores, dice la FTC

1 week ago | bloomberg.com | Riley Griffin |Kurt Wagner

Los sistemas de software automatizados de Instagram recomendaban a los acosadores infantiles o groomers conectar con menores en la aplicación, lo que les facilitaba encontrar víctimas, según un documento interno de 2019 presentado ante los tribunales por la Comisión Federal de Comercio (FTC). El informe interno de Meta Platforms Inc.
Instagram Suggested ‘Groomers’ Connect With Minors, FTC Says

1 week ago | bloomberg.com | Riley Griffin |Kurt Wagner

An employee walks past branded posters displayed at the Instagram Inc. office in New York, U.S., on Monday, June 4, 2018. Once, Instagram was a simple photo-sharing app, a way for iPhone shutterbugs to show off their latest cool pics. Now, its visual nature and 1 billion active users have sellers salivating over its potential as a place to sell everything from dresses to furniture.
Meta jumps on resilient ad sales, plans to navigate tariffs

1 week ago | spokesman.com | Riley Griffin |Kurt Wagner

Meta Platforms Inc. shares jumped after the company’s advertising sales quelled Wall Street concerns about the impact of the Trump administration’s trade war, with first-quarter revenue beating expectations. The maker of Facebook and Instagram reported $42.3 billion in first-quarter sales, the company said in a statement Wednesday. That topped analysts’ estimates for $41.4 billion for the quarter ended March 31.
Zuckerberg Pushes Full Tilt on AI Spending in Face of Economic Uncertainty

1 week ago | bloomberg.com | Kurt Wagner

This article is for subscribers only. Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner writes about Mark Zuckerberg’s undeterred enthusiasm that artificial intelligence will propel his company forward regardless of the outside economic conditions.
Live Q&A: What Trump’s First 100 Days Tell Us About America’s Future

2 weeks ago | bloomberg.com | David Gura |Daniel Flatley |Kurt Wagner |Nancy Cook

From a flurry of executive orders, threatening allies with trade wars, and partnering with Elon Musk to slash the federal government, Donald Trump's second presidential term has been nothing short of eventful. What are our journalists' key takeaways and what do they anticipate next for the country and the economy? Join Bloomberg’s David Gura, Nancy Cook, Dan Flatley and Kurt Wagner for a live audio conversation on May 1 at 11:00 a.m. EDT to recap Trump's first 100 days.
Meta Jumps on Resilient Ad Sales, Plans to Navigate Tariffs

2 weeks ago | bloomberg.com | Riley Griffin |Kurt Wagner

The Meta store in Burlingame, California. Photographer: David Paul Morris/Bloomberg(Bloomberg) -- Meta Platforms Inc. shares jumped after the company’s advertising sales quelled Wall Street concerns about the impact of the Trump administration’s trade war, with first-quarter revenue beating expectations. The maker of Facebook and Instagram reported $42.3 billion in first-quarter sales, the company said in a statement Wednesday.
Meta Spars With FTC on Whether TikTok, X, Reddit Are Competitors

2 weeks ago | news.bloomberglaw.com | Kurt Wagner |Sabrina Willmer

Tech executives from major social media networks like TikTok, X, Reddit, Pinterest and Discord have appeared in federal court over the past week as part of the US Federal Trade Commission’s antitrust trial against Meta Platforms Inc. Meta believes they are competitors. The FTC disagrees. The fight to legally define the social networking market has taken center stage at the trial, which is in its third week in Washington.
Snap Falls After Warning ‘Headwinds’ Poised to Hurt Ad Sales

2 weeks ago | bloomberg.com | Kurt Wagner

The Snap Inc. Snapchat application. Photographer: Daniel Acker/Bloomberg(Bloomberg) -- Shares of Snap Inc. tumbled after the company narrowly beat analysts’ estimates for first-quarter revenue but declined to issue a sales forecast for the current period, saying it’s navigating macroeconomic “headwinds” for its advertising business.