Meta has new plans for virtual coins, tokens and lending services on its apps, with the company looking into more ambitious finance goals, Financial Times said Wednesday (April 6). Citing unnamed sources and company documents, FT said Meta is exploring alternative revenue streams and new...
Instagram has cut down on the payments to makers of short videos, changing its strategy as it competes with TikTok for influencers and traffic, the Financial Times reported Tuesday (April 5). The Meta-owned platform pays influencers based on the views received on clips called Reels....
Facebook is rolling out a series of shortcuts for its chat platform Messenger, including one that makes it easier for users to send and receive money. “We’re excited today to introduce shortcuts on Messenger, a new command system to help supercharge your messaging efficiency and...
Meta, the parent of social media giant Facebook, is becoming more remote than ever as companies start going back to the office, The Wall Street Journal wrote Wednesday (March 23). The company’s management team is spreading out to new locations far away from the Silicon...
A Russian court has labeled Meta Platforms an “extremist organization” but said that ruling only applies to the already-outlawed Facebook and Instagram platforms, and not Meta’s messenger service WhatsApp. As Reuters reported Monday (March 21), Moscow’s Tverskoi District Court upheld a suit filed by Russian...
Meta Platforms has instituted parental supervision tools for Instagram in response to criticisms that the photo sharing app was harmful to young users. The new tools, announced on the company blog Wednesday (March 16), are part of what Meta calls its Family Center, which also...
Meta Platforms has been fined 17 million euros ($18.6 million) for violating the European Union’s privacy regulations by failing to prevent data breaches on its Facebook platform. As Bloomberg News reported Tuesday (March 15), Irish Data Protection Commission (IDPC), which oversees privacy issues in the...
South Africa’s competition regulator is seeking to prosecute Meta Platforms, formerly Facebook, and its subsidiaries, WhatsApp Inc and Facebook South Africa, for abusing its dominance in the social media sector. The Competition Commission has referred the complaint to the Competition Tribunal for action, the agency...
Meta is expanding its short-video product Facebook Reels for iOS and Android, now to be featured in 150 countries, according to a company blog post Tuesday (Feb. 22). Meta will also be adding new tools to help creators make money. Reels is the company’s “fastest...