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.
Mark Zuckerberg's Meta, the parent company owning social media giants Facebook and Instagram will not object to postings calling for violence if they are addressed at the Russian Federation or members of its government, particularly President Vladimir Putin, whose death may be freely wished for.
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.”
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.
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.
Facebook Inc said it would block U.S. President Donald Trump's accounts indefinitely and for at least the next two weeks until the presidential transition is completed.
Facebook Chief Executive Officer Mark Zuckerberg took responsibility and faulted his company for not removing the page and event for a militia group before two people were killed at a protest in Kenosha, saying it was largely an operational mistake.
Facebook chief executive Mark Zuckerberg will tell a major antitrust hearing on Wednesday that the internet giant would not have succeeded without US laws fostering competition, but that the rules of the internet now need updating.
Germany is determined to expand its attempts to regulate online hate speech even as Facebook promises to do more to clean up its site after a global advertiser boycott, with politicians saying the issue is too important to leave to self-regulation.
Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook as of Thursday, after the failure of last-ditch talks to stop a boycott over hate speech on the site.