The Facebook-parent company on Wednesday reported revenue of $32 billion for its quarter ending in June, marking an 11% increase compared to the same period last year and beating Wall Street’s expectations. Meta’s shares rose after the news.
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The court decision could pave the way for stricter scrutiny of tech companies. Europe has taken a pioneering role in reining in the power of big digital platforms with sweeping new standards taking effect next month and rules in the works on artificial intelligence.
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Meta is adding new safeguards and monitoring tools for teens across its social platforms: parental controls on Messenger, suggestions for teens to step away from Facebook after 20 minutes, and nudges urging young night-owl Instagrammers to stop scrolling. Here’s a look.
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Facebook-parent Meta plans to lower the minimum age for its virtual reality headsets from 13 years old to 10 years old, despite pressure from lawmakers not to market its VR services to younger users.
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A group of states – including North Carolina – that sued to break up Facebook-parent Meta in 2020 were years too late to file their challenge and failed to make a persuasive case that the company’s data policies harmed competition, a federal appeals court ruled Thursday in a sweeping victory for the tech giant.
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Meta says in a new report that social media giant Facebook helps generate nearly $12 billion in “economic activity” and also is responsible in part for some 89,000 jobs.
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Facebook parent company Meta’s first-quarter results surpassed Wall Street’s modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. Here’s the latest.
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Facebook users who had an active account at any point between May 2007 and December 2022 can now apply to receive a piece of parent company Meta’s $725 million settlement related to the Cambridge Analytica scandal.
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Facebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four months. In his own words published in a blog post, Mark Zuckerberg explains why.
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