The announcement that David Marcus is leaving the company formerly known as Facebook marks the departure of the last name associated with its Libra stablecoin debacle. As the head of what was then called the Calibra wallet (now Novi), Marcus headed up the launch of...
Facebook parent Meta’s crypto head, David Marcus, is leaving the company at the end of the year, CNBC reported. Marcus had been a member of the company since August 2014, according to the report. At that time, his role was vice president of the Messenger...
Citing potential harm to social media users and U.K. advertisers, the U.K.’s Competition and Markets Authority (CMA) announced its decision to require Meta (formerly Facebook) to sell GIF generator Giphy, according to a Tuesday (Nov. 30) press release. The CMA determined that Facebook’s acquisition of...
Facebook’s move to rebrand as Meta aspires to fold its social media world into the metaverse, but the tech giant is also said to have its ambitions rooted in the real world with rumored talks of physical retail stores, insider sources told the New York...
Defunct photo app startup Phhhoto filed an antitrust lawsuit in the Eastern District of New York against Facebook alleging the social media giant used anti-competitive tactics intended to pick off rivals, according to The New York Times on Friday (Nov. 5). Phhhoto is seeking unspecified...
The Facebook Communities Summit, which took place Thursday (Nov. 4), was focused on advancing group tools to enable money-making, personalization and chat solutions, according to a press release. Facebook is piloting the ability for group administrators to create community fundraisers for group projects, to offset...
Facebook will be allowing creators on its platform to share custom web links for fans to pay for subscriptions on Facebook’s native pay system, The Verge reported. This will effectively allow parent company Meta to shirk the Apple App Store’s 30% tax on in-app transactions,...
Facebook won’t be using facial recognition technology anymore, Meta Platforms Vice President of Artificial Intelligence Jerome Pesenti said in a blog post. According to the post, “people who have opted in to our Face Recognition setting will no longer be automatically recognized in photos and videos,...
If “meta” means using the “most effective tactics available,” then Facebook’s pick for its new name — Meta — is appropriate. On the heels of numerous antitrust lawsuits around the globe, whistleblower fallout, and its quest to launch a metaverse, how else could the social...