Business Desk: Meta Lost 20 Million Viewers Last Quarter, As It Plunges Headlong Into AI
Despite strong first-quarter earnings, Meta's stock plummeted nearly 9 percent last Thursday. Why? During a Q1 earnings call the previous day, the company revealed it had lost 20 million users across its family of apps, though it didn't say specifically whether the users are bleeding from Facebook, Instagram, or WhatsApp. Meta's chief financial officer, Susan Li, blamed "internet disruptions in Iran, as well as a restriction on access to WhatsApp in Russia." Some reports also indicated growing dissatisfaction with the relevance and quality of content on Meta platforms, Meanwhile, Meta plans to spend even more on AI.
Weekend Update: JC Art Book Fair
Friday, May 1 through Sunday, May 3: Jersey City Art Book Fair The ink is dry, the doors are open! If you’ve spent any time in the industrial corridors of Jersey City lately, you know it’s no longer just Manhattan’s sixth borough—it’s a formidable creative engine in its own right. This weekend, the focus shifts to Mana Contemporary as the fourth annual Jersey Art Book Fair (JAB Fair) takes over the main floor. Presented by the team at Dense Magaz...

