Meta Platforms to Introduce Ads on WhatsApp
Meta Platforms, the parent company of Facebook and Instagram, announced on Monday that it will gradually introduce subscriptions to channels, promoted channels, and ads in WhatsApp states over the coming months as part of a new app version.
These new features will be available in the Updates tab of WhatsApp.
Currently, 1.5 billion people use it daily worldwide. Now, the Updates tab will help channel administrators, organizations, and businesses grow and develop.
Meta’s parent company, Facebook, stated that it will use information such as country, city, language, and followed channels to display ads.
Meta’s stock rose 2.91% in the U.S. stock market on Monday, closing at $702.19.
Apple Wins Appeal Against Patent Infringement Case
Apple’s stock rose slightly on Monday after the U.S. Federal Circuit Court of Appeals overturned a $300 million jury verdict against the tech giant in a patent infringement case brought by Optis Cellular Technology, according to a court ruling.
The Federal Circuit dismissed Optis Cellular’s counter-appeal to reinstate the original damages verdict and overturned the district court’s decision, citing a flawed verdict form that raised an overly broad patent infringement issue, as per the ruling.
Skyway Increases Offer for Agrofibra Control
Real estate administrator Skyway Equities improved its public offer to take control of Agrofibra, the first real estate trust in Mexico focused on the agribusiness sector, in the Mexican market.
The offer rose from 6.45 to 7.0 pesos per real estate fiduciary certificate (CBFI), according to the latest offering announcement, representing an 8.5% increase.
Skyway aims to acquire the 28 million circulating Agrofibra CBIs, which would require paying approximately $10.4 million if successful.
América Móvil Issues $500 Million Bond
América Móvil, a telecommunications company, issued a $500 million bond on Monday.
The offering has a yield guide of 85 basis points over the interest rate of a comparable U.S. Treasury bond.
BBVA, Goldman Sachs, and Morgan Stanley are the coordinating agents, while HSBC and Scotiabank also participate in order book management for the bond, whose proceeds will be used for general corporate purposes, including debt refinancing.
Key Questions and Answers
- What is Meta Platforms introducing on WhatsApp? Meta Platforms will introduce subscriptions to channels, promoted channels, and ads in WhatsApp states, available in the Updates tab.
- Why did Apple’s stock rise? Apple’s stock rose after the U.S. Federal Circuit Court of Appeals overturned a $300 million patent infringement verdict against the company.
- How did Skyway Equities’ offer for Agrofibra change? Skyway Equities increased its offer from 6.45 to 7.0 pesos per real estate fiduciary certificate (CBFI), aiming to acquire 28 million circulating Agrofibra CBIs.
- What is the purpose of América Móvil’s $500 million bond issuance? The proceeds from the $500 million bond will be used for general corporate purposes, including debt refinancing.
