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Meta says it won’t chop the bottom 5% performers this year

2026-02-13T19:20:51.556Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log…

Hollywood wants to beat TikTok at its own game — but faces hurdles

Hollywood giants are betting that snack-sized vertical videos can lure back audiences entranced by TikTok clips and YouTube Shorts.The world has become hooked on short-form video. Reels on Instagram and Facebook are generating revenue at an annual rate of $50 billion, Meta CEO Mark Zuckerberg said in October, while Google reiterated last week that YouTube Shorts are viewed over 200 billion times per day.Short-form vertical videos are perfectly designed for phones, which most people carry…

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Mortgage rates fall to 6.09%: Freddie Mac

Mortgage rates inched lower this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage slipped to 6.09% from last week’s reading of 6.11%. The average rate on a 30-year loan was 6.87% a year…

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