SAN FRANCISCO — Last year, Mark Zuckerberg declared 2023 to be a “year of efficiency.” His company, Meta, soon laid off one-third of its employees. Amazon, Google and Microsoft also cut tens of thousands of workers. Their worlds did not stop. Not only that, the companies were rewarded. Their...
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Since the index hit its latest low in October 2022, seven stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — have collectively risen more than 110%
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Instagram-parent Meta has sued the Federal Trade Commission in an attempt to prevent regulators from reopening the company’s landmark $5 billion privacy settlement from 2020 and and from banning the social media giant from monetizing the user data of children.
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A federal judge will not block the US government from expanding a landmark $5 billion privacy settlement with Instagram-parent Meta, paving the way for the Federal Trade Commission to propose tough new rules on how the social media giant can monetize user data.
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Facebook parent Meta Platforms deliberately engineered its social platforms to hook kids and knew — but never disclosed — it had received millions of complaints about underage users on Instagram but only disabled a fraction of those accounts, according to a newly unsealed legal complaint.
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Major social media companies must face allegations that their services addicted teen users and caused other mental health harms after a federal judge on Tuesday denied a motion to dismiss the bellwether lawsuit filed by a wave of consumer plaintiffs.
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Meta again exceeded Wall Street’s expectations on Wednesday when it reported earnings for the quarter ended in September, in another sign that the company’s “year of efficiency” turnaround strategy continues to deliver. We’ve got the details.
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Meta plans to give Facebook and Instagram users in Europe the option of paying for ad-free versions of the social media platforms as a way to comply with the continent’s strict data privacy rules, the Wall Street Journal reported Tuesday.
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