Alphabet Directory Media Man

Alphabet Directory

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Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015,] and became the parent company of Google and several former Google subsidiaries. Alphabet is the world's third-largest technology company by revenue and one of the world's most valuable companies.] It is one of the Big Five American information technology companies, alongside Amazon, Apple, Meta and Microsoft.

The establishment of Alphabet Inc. was prompted by a desire to make the core Google business "cleaner and more accountable" while allowing greater autonomy to group companies that operate in businesses other than Internet services. Founders Larry Page and Sergey Brin announced their resignation from their executive posts in December 2019, with the CEO role to be filled by Sundar Pichai, also the CEO of Google. Page and Brin remain employees, board members, and controlling shareholders of Alphabet Inc.

(Wikipedia)

FAANG Directory

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In finance, “FAANG” is an acronym that refers to the stocks of five prominent American technology companies: Meta (META) (formerly known as Facebook), Amazon (AMZN), Apple (AAPL), Netflix (NFLX); and Alphabet (GOOG) (formerly known as Google).

The term was popularized by Jim Cramer, the television host of CNBC's Mad Money, in 2013, who praised these companies for being “totally dominant in their markets." Originally, the term "FANG" was used, with Apple—the second “A” in the acronym—added in 2017.

FAANG is an acronym referring to the stocks of the five most popular and best-performing American technology companies.

These are: Meta (formerly known as Facebook); Amazon; Apple; Netflix; and Alphabet (formerly known as Google).

In addition to being widely known among consumers, the five FAANG stocks are among the largest companies in the world.

Some have raised concerns that the FAANG stocks may be in the midst of a bubble, whereas others argue that their growth is justified by the stellar financial and operational performance they have shown in recent years.

The term was coined by The Street's Bob Lang and popularized by Jim Cramer on his CNBC TV show Mad Money.

News

Meta Institutes Hiring Freeze, Budget Cuts, Corporate Restructuring - September 29, 2022

Facebook parent, Meta, plans to do a hiring freeze, reorganize teams and reducing headcount for the first time in company history.

By Brian Frederick

Social media company Meta is instituting a hiring freeze and warning employees about further restructuring and downsizing. The announcement came from CEO Mark Zuckerberg on an internal all-hands call, Bloomberg reported.

The company, which owns Facebook, Instagram, and Whatsapp, will reportedly be slashing budgets across most teams.

This announcement comes just one week after the Wall Street Journal reported certain Meta employees have been told to find new roles in the company or face downsizing. According to that report, workers on a “30-day list” had to quickly find a new role in the company or risk termination.

This is the company’s first major budget cut since the founding of Facebook in 2004 and seemingly heralds an end to the era of rapid social media growth.

Zuckerberg Points to Economic Uncertainty as Driving Factor

Meta leadership blamed current economic conditions for the cuts.

“I had hoped the economy would have more clearly stabilized by now, but from what we’re seeing it doesn’t yet seem like it has, so we want to plan somewhat conservatively,” Zuckerberg told employees in a Q&A session, according to Bloomberg.

Earlier this year, Meta reported its first-ever decline in ad revenue. This was largely driven by Apple changing the privacy policy for its iOS to allow iPhone users to opt out of having their data tracked across apps.

Additionally, the company’s growth has been hindered by competition with TikTok, which is drawing users away from Instagram and Facebook.

Meta Has Been Preparing for Cuts for Months

Meta began slowing hiring in July as the company seemed to begin bracing itself for cuts. After missing its quarterly earnings target for the first quarter of 2022, Zuckerberg indicated Meta would be slowing the pace of its investments.

He also warned that some Meta teams would shrink in response to the decline in revenue and suggested the company was approaching a downturn.

This was also the first year in Facebook’s 18-year history in which the company did not grow.

Many Advertising-Driven Companies Struggling with Economic Challenges

On top of internal challenges, Meta, like many tech companies, has seen its value drop since the Federal Reserve raised interest rates on September 22.

Twitter announced a hiring freeze of its own last May and reportedly asked employees to reduce spending wherever possible. Last month, Snapchat reduced its workforce by 20%.

Even Google has not been immune. Alphabet, Inc, the search engine giant’s parent company, slowed its hiring rate in the back half of 2022.

*click here for full article

(Search Engine Journal)

Social Media

Greg Tingle

Search Engine Journal with a concise news report on Meta / Facebook, or whatever they wish to call themselves. Indicators point to the rebrand not working well as all, and Zuck being the face of the Metaverse may be another mistep. Facebook er Meta is not the news media, industry, tech or investor darling they were in say the 2007 to 2017 period. The political involvement, wokeness and myriad of serious scandals has hurt them badly, perhaps beyond reasonable repair. Numerous advertisers have jumped ship to elsewhere or are just doing their own organic based themselves without big firms giving them often inaccurate numbers and below par results. The genie is out of the bottle. Can Meta/Facebook ever gets it's mojo back to the point where everyone wants to be their "friend" again? Down but are they out for good? Facebook's loss may just be Google's, YouTube's and LinkedIn's gain! My opinion of course, since FB wanted to push their opinions, community viewpoint etc onto others. FB - the story of ying and yang and energy exchange impacting their business and bottom line. Back to YouTube, LinkedIn and own media now.