Meta has postponed the release of its text-based social media app, Threads, in the EU due to worries about data privacy practices.
Meta
In a bid to adapt Instagram has recently made a bold move into the text-based market. This strategic decision is fueled by a combination of factors that underscore Instagram’s commitment to fostering deeper connections, accommodating user demands, and expanding its user base. Evolving User Preferences: Instagram’s venture into the text-based market is propelled by an […]
The 2020s are shaping up to be big years for governments’ antitrust legislation all over the world. Earlier this month, Germany’s Bundeskartellamt (Federal Cartel Office FCO) regulator designated Apple a “company of paramount significance for competition across markets,” adding Apple Inc. to Google and Meta which were determined with binding effect the same on May […]
Facebook content moderators in Kenya are suing the social media site’s parent company Meta and two outsourcing companies for unlawful redundancy, a rights group said on Monday. The 43 applicants say they lost their jobs with Sama, a Kenya-based firm contracted to moderate Facebook content, for organising a union. They also say they were blacklisted […]
Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge, as it looks to help content creators grow and build communities. The subscription bundle for Instagram and Facebook, to be launched later this […]
Meta Platforms Inc shares closed about 23% higher on Thursday and helped spark a rally in the technology sector after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. The company added more than $90 billion to its market value and the stock logged […]
After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from Alphabet, Meta Platforms and Snap showed they were not yet in the clear. The health of the advertising industry closely mirrors the economy, and many advertisers have pared back their marketing budgets in response to […]
The author who first envisioned the metaverse 30 years ago sat down on Wednesday with a top executive from the company investing billions in building it and agreed there were formidable hurdles to bringing it to the masses. Neal Stephenson, who coined the term in his 1992 novel “Snowcrash”, and Chris Cox, the chief product […]
The U.S. Supreme Court on Monday let Meta Platforms Inc’s WhatsApp pursue a lawsuit accusing Israel’s NSO Group of exploiting a bug in the WhatsApp messaging app to install spy software allowing the surveillance of 1,400 people, including journalists, human rights activists and dissidents. The justices turned away NSO’s appeal of a lower court’s decision […]
Meta Platforms was accused in a lawsuit filed in Kenya on Wednesday of letting violent and hateful posts from Ethiopia flourish on Facebook, inflaming the Ethiopian civil war. The lawsuit, filed by two Ethiopian researchers and the Kenya’s Katiba Institute rights group, alleges that Facebook’s recommendations systems amplified violent posts in Ethiopia, including several that […]