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Defunct Startup Phhhoto Slaps Facebook With Lawsuit Alleging Anti-Competitive Practices
November 05, 2021

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...

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New Group Tools Revealed at Facebook Communities Summit Include Money-Making Solutions
November 04, 2021

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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Facebook Allows Pay Links for App Creators Outside of Apple App Store
November 03, 2021

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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Facebook to Stop Facial Recognition Feature
November 02, 2021

Facebook won’t be using facial recognition technology anymore, Meta Platforms Vice President of Artificial Intelligence Jerome Pesenti said in a blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

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Facebook Rebrands as Meta in Push to Align With Metaverse
October 28, 2021

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...

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With Ad Revenue at Stake, Facebook Has a User Numbers Problem
October 21, 2021

Facebook is figuring out what to do about users making multiple accounts on the social media giant’s platform, according to internal documents seen by The Wall Street Journal (WSJ) Thursday (Oct. 21). Get the Full Story Complete the form to unlock this article and enjoy...

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Facebook Name Change to Reflect Metaverse Move
October 20, 2021

Facebook is reportedly planning to unveil a rebranding that includes a name change to better reflect the company’s move toward developing a metaverse, an unnamed source told The Verge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Facebook Seeks 10,000 Engineers in EU to Create New Digital World
October 18, 2021

Facebook is looking to hire 10,000 engineers over the next five years in the European Union to advance its creation of a metaverse, a new digital world that will enable people to explore virtual places together without being in the same physical space. Get the...

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Can AI Police Facebook? Maybe Not Just Yet, Report Says
October 17, 2021

While Facebook has routinely maintained that its artificial intelligence (AI) can police problems like violent content and hate speech on its platform, a new report suggests the tech isn’t that advanced. Get the Full Story Complete the form to unlock this article and enjoy unlimited...