Meta’s stock rises following Q2 revenue and profit hike
Meta snatched an 11% jump in revenue and 16% in profit for Q2 2023, following its ‘year of efficiency’.
Meta snatched an 11% jump in revenue and 16% in profit for Q2 2023, following its ‘year of efficiency’.
Facebook owner Meta has been issued a €1.2 billion fine for GDPR violations in relation to data on European citizens being transferred to the US from its HQ in Ireland.
As the rapid march of generative AI continues, regulators on both side of the pond seem to have decided they had better start taking a proper look at what’s going on.
Another 10,000 workers at Facebook parent Meta will be shown the door in the coming months.
Facebook parent Meta wants a piece of the premium social-networking action.
The company formerly known as Facebook is getting rid of 11,000 people as its boss admits to getting carried away.
The company formerly known as Facebook took another big hit to its share price as the cost of its pivot to the metaverse hit home.
The UK Competition and Markets Authority has reaffirmed its demand that US internet giant Meta undo its 2020 acquisition of GIF search engine Giphy.
The company formerly known as Facebook now makes its annual developer conference almost entirely about plugging the concept of the metaverse.
Chip firm Qualcomm and the artist formally known as Facebook have put their heads together in order to deliver ‘multi-generation metaverse experiences’ – which seems to mean specialised chips.
The US Federal Trade Commission doesn’t like the sound of Facebook/Meta purchasing Within Unlimited and its VR fitness app Supernatural. Are regulators finally rolling their sleeves up against big tech monopolisation?
The part of the EU’s Digital Marketing Act concerning messaging interoperability is getting some heat from the tech world – but the bigger question is how would such a thing curb big tech dominance?
US Internet giant Meta/Facebook has launched a barrage of information on AI projects it is working on, including translation systems, virtual assistants and metaverse voice command tools.
Facebook CEO Mark Zuckerberg has informed his employees they are now called Metamates, that it’s time for a new cultural operating system at Meta, and more miscellaneous corporate dribble.
An Australian court has rejected an appeal by Facebook over the Cambridge Analytica data scandal, allowing court action to proceed.
Despite a 20% Q4 revenue hike, stock in tech giant Meta/Facebook dropped 20% amid negative outlook for the next quarter.
The Federal Trade Commission, which is currently involved in a lawsuit to breakup Facebook and Instagram parent Meta, has released some stats pointing to the extent of social media fraud.
Meta, the artist formally known as Facebook, is showing off its new AI Research SuperCluster which it claims will be the fastest AI supercomputer on the planet.
A class action law suit claims social media giant Meta abused its dominant position and exploited the data of 44 million UK Facebook users.
The UK Competition and Markets Authority isn’t happy about Facebook’s acquisition of GIF image provider Giphy, so has demanded its sale.