Morning Brew Daily AI Helps Meta Surge, Disney Sues DeSantis & Hawks Delay Janet Concert
Apr 27, 2023
Meta is celebrating a surprising revenue boost, thanks in part to AI's role in enhancing user engagement. Meanwhile, Disney is in a legal showdown with Governor DeSantis, claiming retaliation threatens their rights. Congress's latest moves on the debt ceiling create more political drama, and in the tech world, Microsoft makes waves with a new feature allowing iMessage on PCs. Plus, amusing insights and remarkable stats add a lighthearted touch to the discussion!
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Meta's Q1 2024 Earnings
- Meta's Q1 2024 earnings showed revenue growth after three quarters of decline, driven by increased ad revenue and user engagement with Reels.
- Mark Zuckerberg attributes this success partly to AI-powered algorithm tweaks, but their Metaverse division, Reality Labs, continues to lose money.
Disney vs. DeSantis
- Disney sued Florida Governor Ron DeSantis, claiming his retaliatory actions, like revoking Disney's self-governing status, are unconstitutional and harm their business.
- This escalation stems from Disney's opposition to DeSantis's "Don't Say Gay" law, leading to a series of legal maneuvers and public clashes.
Debt Ceiling Debate
- The US House passed a bill to raise the debt ceiling, but it's unlikely to pass the Senate or survive a presidential veto.
- This political maneuvering around the debt ceiling is a recurring issue, with both parties attempting to leverage it for their agendas.