META May 2024 300.000 put
| Previous close | 0.0100 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0100 |
| Strike | 300.00 |
| Expiry date | 2024-05-17 |
| Day's range | 0.0100 - 0.0100 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.73k |
- Yahoo Finance Video
If TikTok were to go away, Meta would win: MikMak CEO
Big Tech and media companies like Meta (META), Amazon (AMZN), Reddit (RDDT), and more are seeing large jumps in their ad revenue year-over-year, with Reddit even seeing a 39% gain. As these companies realize potential in their data sets and money to be made from digital advertising, they continue to vie for any competitive edge they can find. TikTok is an incredibly powerful platform that sees huge volumes of user traffic which in turn can drive consumer growth for companies, both large brands and small businesses. With the US leveraging a potential ban against TikTok if its parent company ByteDance doesn't divest from it, how can these tech giants stir up even tighter competition if a ban ends up going through? MikMak CEO Rachel Tipograph joins Catalysts to discuss her company's findings from ad revenue data and the power TikTok holds in the business world. Tipograph explains: "TikTok is typically now around our second most trafficked social platform. It goes Meta, then TikTok, then an environment like YouTube (GOOGL, GOOG), Pinterest (PINS), Snap (SNAP), and then X is irrelevant. I share this because I'm not seeing brands pull back from TikTok. I think right now they're actually trying to put their pedal on the gas while TikTok's around. TikTok is an amazing channel to drive consumer growth. We're seeing it in beauty, we're starting to see it in grocery." She then affirms: "If TikTok was to go away, Meta would win, YouTube would win, CTV would win. TikTok is really a play of brand awareness and video, and so those dollars would just get reallocated." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
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ReutersMeta's oversight board backs takedown of Australian voter fraud posts
Meta's oversight board upheld a decision to remove two Facebook posts calling for Australians to vote multiple times in an indigenous rights referendum, but noted the social media giant had not adequately explained its ban on encouraging voter fraud. The board, which is funded by Meta but run independently, said Meta was correct to protect the democratic process by preventing voter fraud when it proactively pulled the posts ahead of the 2023 vote. But Meta's public-facing rules were not clear enough, the board said in a ruling published on Thursday.
