Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta was appealing the fine. The penalty came after the EU alleged that Meta was tapping...
Meta said Thursday (Nov. 14) that it will appeal the European Commission’s (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm. The EC announced Wednesday (Nov. 13) that it fined Meta 797.72 million euros (about $842 million), saying the company violated European...
Search online for the words “Facebook scams” and your search engine will immediately deliver myriad news stories warning consumers to be vigilant when scrolling through the site. One recent story specifically identifies Facebook Marketplace as an especially popular place for scammers to hang out. So popular,...
In a digital commerce ecosystem, two parties that have never met before must agree to transactions or assignments, deliver and receive products and, perhaps most importantly, ensure payments occur as quickly as possible. All of the steps in digital transactions require trust, which can be...
March 09, 2025
While Facebook is losing ground with younger users, its resale platform is a different story. Just 32% of American teeangers use Facebook today — down from 71% a decade ago — CNBC reported Sunday (March 9), citing Pew Research data. Still, Facebook Marketplace remains a draw for younger consumers. “I only use Facebook for Marketplace,” […]
January 29, 2025
Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta...
November 14, 2024
Meta said Thursday (Nov. 14) that it will appeal the European Commission’s (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm. The EC announced Wednesday (Nov....
February 10, 2019
Facebook has acquired GrokStyle, the maker of image-matching technology, to beef up its work in the field. Bloomberg reported Facebook spokeswoman Vanessa Chan confirmed the acquisition, saying the social media...
