Meta's stock fell 23% Thursday after the third quarter's results were released. The data showed the Reality Labs division (which encompasses its VR, XR, and Metaverse) posted US$ 3.7 billion in operating losses.
As Facebook CEO Mark Zuckerberg announced this week the company would be changing its name to Meta, public perception was quick to establish the decision was a response to a matter of public acceptance hitting record lows and many regarded the move as purely “cosmetic.”
Brazil's President Jair Bolsonaro had a video posting removed from Facebook after the social media administrators labelled it as “fake news” for linking COVID-19 vaccination to AIDS' HIV.
Facebook is planning to change its company name next week to reflect a new focus, as reported by The Verge. The coming name change, which CEO Mark Zuckerberg plans to talk about at the company’s annual Connect conference on October 28th, is meant to signal the tech giant’s ambition to be known for more than social media and all the ills that entail.
Monday was a day when people had to go back to making old-fashioned phone calls after messaging applications run by Facebook (Facebook, Instagram, and WhatsApp) collapsed worldwide for around 7 hours.
Former US President Donald Trump said on Wednesday he had filed a lawsuit against Facebook, Twitter, Google and their CEOs, because of unfairly infringing upon his First Amendment right to free speech as protected by the US constitution.
BLOOMBERG – Google has agreed to pay €220 million and end anti-competitive practices, to settle a French antitrust probe over its abuse of power in online advertising. The French Competition Authority said Google has been unfairly sending business to its advertising server and its online ad auction house, to the detriment of rivals. In addition to the fine, Google promised to remedy the situation by improving the interoperability of its Google Ad Manager services for third parties.
Facebook on Friday banned former US President Donald Trump for two years, saying he deserved the maximum punishment for violating platform rules over the deadly attack by supporters on the US capitol last January.
A US federal judge has given final approval to Facebook's US$650 million payment to settle a privacy dispute between the California group and 1.6 million users in the US state of Illinois. The decision was issued on Friday.
After a last-gasp deal that watered-down binding rules Facebook and Google had fiercely opposed in return for the tech giants agreeing to pay local media companies, Australia's parliament passed landmark legislation on Thursday. The dispute was closely watched around the world.