Alphabet Inc.’s Google looks to adopt new privacy restrictions to curtail tracking across apps on Android smartphones. Google’s plans for Android could drive an end to more than a decade of advertising practices across smartphones, the Wall Street Journal reports. The move would affect companies, including Meta Platforms Inc.’s Facebook, which has layered their code…
Mark Zuckerberg Now Referring to Meta Employees as ‘Metamates’ in New Vision for Company
Meta, formerly known as Facebook, is now referring to staff as “Metamates” according to a memo outlining Mark Zuckerberg’s new vision for the company. The Facebook CEO shared a list of new corporate values “that guide our work” in a lengthy social media post on Feb. 15, and references employees as “Metamates.” “Meta, Metamates, Me is about…
Meta to Pay $90 Million to Settle Facebook Privacy Lawsuit Over Tracking
Meta, Facebook’s parent company, has agreed to a $90 million settlement over a decade-old lawsuit which accused the social media platform of tracking users’ internet activity through browser plug-ins, even after they logged out of their accounts. A judge must now approve the settlement between Meta and the plaintiffs which was filed on Monday night…
Texas AG Sues Meta for Unauthorized Biometric Data Collection
February 15, 2022
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Attorney General Ken Paxton of Texas filed a suit against the Facebook parent company Meta Platforms on Monday, claiming that the social media giant was in violation of state law for its collection of biometric data of users through facial recognition technology. “Facebook will no longer take advantage of people and their children with the…
Here’s Why Tigress Financial Is Bullish on Facebook Parent Meta
Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating and $466 price target on Meta Platforms Inc. The price target implies an upside of 100 percent. Near-term headwinds create a significant long-term buying opportunity, Feinseth said. Meta pressed the reset button during its Q4 conference call, warning of a user growth slowdown and lowering…
Meta, Chime File Lawsuit Against Alleged Phishing Scam on Facebook, Instagram
February 10, 2022
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Facebook parent Meta Platforms said on Tuesday it had filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and gain access to their online financial accounts. The lawsuit, which is the first joint complaint between Meta and a financial services company, alleged that…
Peter Thiel Leaving Facebook Parent Meta; Biggest Chip Deal in History Has Collapsed | NTD Business
Peter Thiel, Silicon Valley billionaire and adviser to former President Donald Trump, is leaving the board of Facebook parent Meta. What could be next for him? Chipmaker Nvidia and Japan’s Softbank are calling off what would have been the biggest computer chip deal in history. Why did the deal collapse? The biggest day in advertising is…
S&P 500, Nasdaq Down After Mixed Results; Meta Weighs
The S&P 500 and the Nasdaq opened lower on Tuesday as mixed earnings and fresh declines in shares of Meta Platforms added to jitters ahead of inflation data this week that could offer clues on the U.S. Federal Reserve’s path of interest rates. The Dow Jones Industrial Average rose 69.55 points, or 0.20 percent, at…
EU Antitrust Authorities Take Metaverse Into Crosshairs as They Mull Regulatory Moves
European Union antitrust authorities are taking a hard look at the metaverse to better understand its implications for consumers and competition as they mull moves to regulate the budding network of virtual worlds. Margrethe Vestager, the EU’s antitrust tsar, told an online event organized by German newspaper publishers that the emergence of the metaverse—a digital…
Wall Street Ends Lower as Meta Platforms Weighs
Wall Street ended lower on Monday, as investors digested recent quarterly results from Facebook owner Meta Platforms and other megacaps, while Peloton jumped following reports of interest from potential buyers, including Amazon. Meta Platforms fell 5.1 percent, adding to losses after its bleak forecast last week caused a record plunge in the social media company’s…
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