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’.
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Meta slapped with €1.2 billion EU fine and told to stop sending data to US
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.
US and UK regulators talk up the need for AI regulation
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.
Meta wields the axe again amid looming identity crisis
Another 10,000 workers at Facebook parent Meta will be shown the door in the coming months.
Meta follows Twitter down the blue check rabbit hole
Facebook parent Meta wants a piece of the premium social-networking action.
Meta cull compounds tech sector gloom
The company formerly known as Facebook is getting rid of 11,000 people as its boss admits to getting carried away.
Investors lose faith in Meta’s gambling habit
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.
UK sets significant precedents in ordering Meta to sell Giphy
The UK Competition and Markets Authority has reaffirmed its demand that US internet giant Meta undo its 2020 acquisition of GIF search engine Giphy.
Meta has another go at selling the metaverse
The company formerly known as Facebook now makes its annual developer conference almost entirely about plugging the concept of the metaverse.
Qualcomm and Meta join forces to ‘revolutionise the future of computing’
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.
FTC swoops to stop Facebook ‘illegally’ buying VR firm Within Unlimited
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?
EU messaging interoperability demands raise concerns
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?
Meta makes a big noise about AI and, of course, the metaverse
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 announces a meaningless roster of ‘new values’
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.
Australian court throws out Facebook claim that it doesn’t do business there
An Australian court has rejected an appeal by Facebook over the Cambridge Analytica data scandal, allowing court action to proceed.
Facebook shares tank as it pivots towards unproven metaverse strategy
Despite a 20% Q4 revenue hike, stock in tech giant Meta/Facebook dropped 20% amid negative outlook for the next quarter.
Scammers stole $770 million through social media in 2021, says FTC
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.
Facebook teases AI supercomputer built to power the metaverse
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.
Facebook is being sued for £2.3 billion for ‘exploiting users’
A class action law suit claims social media giant Meta abused its dominant position and exploited the data of 44 million UK Facebook users.
UK orders Facebook to sell Giphy
The UK Competition and Markets Authority isn’t happy about Facebook’s acquisition of GIF image provider Giphy, so has demanded its sale.
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