On Monday, JPMorgan and Morgan Stanley began pitching investors on a bond sale of at least $12 billion, as The Wall Street Journal reported. The money will build a Meta data centre in El Paso, Texas. The structure is the story. Who owns what BlackRock …
Look at what Alphabet, Microsoft, Amazon, Meta, and Oracle officially owe, and the numbers seem large but manageable. Look off the books, and a second, bigger pile of debt appears. A Nikkei study put that hidden figure at $1.65 trillion, up roughly eig…
There’s a symbiotic – and sometimes frustrating – relationship between social media sites and the creators that depend on them. Platforms need influencers’ and creators’ content to keep consumers on their apps; the creators, in turn, need to be able to reach those audiences to justify creating their content in the first place. Creators want […]
Meta went on trial in Nashville on Monday over Tennessee’s allegation that it engineered Instagram to keep teenagers compulsively scrolling, one of the first state cases to put the question of addictive design before a jury. Jury selection began on 20 …
When Google’s AI answers a question, it is increasingly not reading a website. It is reading a Facebook post. New data suggests social platforms have become a core source for Google’s AI answers. Often the user never visits the platform at all. The fin…