Meta Platforms Inc. is facing an order to suspend data transfers to the United States by the European Union (EU) agency responsible for protecting personal information, The Irish Times reported. The Dublin-based Data Protection Commission’s (DPC) ruling could cause Facebook’s parent company to retaliate by...
Meta Platforms is wasting no time fighting what it calls misinformation on its company-owned Facebook pages in advance of the French presidential election, according to a Wednesday (Feb. 16) announcement. The tech giant has launched a series of steps to help voters better deal with...
There was a time when online platforms “moved fast, broke rules,” and were rewarded with massive consumer (and financial) growth while encountering limited regulatory pushback, if any at all. This was the case for Meta (formerly Facebook) and Uber, who were able to exploit some...
Facebook is rolling out its Facebook News service in France on Tuesday (Feb. 15), thanks in part to a collaboration with AFP Media Services, the company announced in a blog post Monday (Feb. 14). The service will “spotlight news stories from a diverse range of...
Meta says it’s “absolutely not” leaving Europe over European Union-U.S. data transfers, refuting reports in the press, according to a company blog post published Tuesday (Feb. 8). “Like all publicly-traded companies, we are legally required to disclose material risks to our investors,” the company wrote....
Meta has teamed with a financial services company to file a joint lawsuit against two Nigerian individuals for engaging in fraudulent activity, according to a company blog post published Tuesday (Feb. 8). The individuals had reportedly been conducting phishing attacks to gain access to users’...
Complete with holographic avatars fencing and shooting hoops, the VP of Meta’s Metaverse unit Vishal Shah closed out the first day of speakers at an advertising conference with a speech about the perks and profits of the metaverse, according to reports. Shah spoke at the...
News from Meta that daily active users (DAUs) on its flagship Facebook platform fell by 1 million through the fourth quarter of 2021 begs the question, “Where are they all going?” The short answer: “Mostly to TikTok and YouTube.” But it’s more complicated than that....
Facebook is unloading its cryptocurrency unit, Diem Association, to Silvergate Capital for an estimated $200 million, The Wall Street Journal (WSJ) reported Thursday (Jan. 27), citing unnamed sources with insider information. Now rebranded as Meta Platforms, Facebook launched its blockchain-based payment system and cryptocurrency project in...