Shares of Meta Platforms, Google-owner Alphabet and other companies that sell digital ads dropped late on Thursday after Snapchat owner Snap Inc. blamed inflation for its slowest revenue growth since going public five years ago. Snap was the first major social media company to release its September-quarter earnings, and its stock tumbled 25 percent following…
‘Final Word’: Facebook Parent Meta Ordered to Sell Giphy After Landmark Ruling by UK Regulator
October 19, 2022
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Meta this week accepted a reissued ruling by the British competition regulator to divest itself of its social media animation unit, Giphy. The decision by the Competition and Markets Authority (CMA) was first announced last year, which Meta unsuccessfully appealed. The CMA again declared on Oct. 18, that Meta’s acquisition of Giphy would allow it to “limit…
Court Urged to Penalize Facebook Parent Meta Over $24 Million for Legal Violations
October 18, 2022
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Business & MarketsCompaniesFacebookJudiciaryMedia & Big TechmetaSocial MediaTechUSUS NewsWashington state
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A court in Washington state has been urged to make Facebook parent company Meta pay more than $24 million for intentionally violating state law. King County Superior Judge Douglass North recently ruled that Meta deliberately violated the state’s Commercial Advertiser Law, which mandates certain information on political advertisements be handed over when requested. There were…
Court Urged to Penalize Facebook Parent Company Over $24 Million
October 18, 2022
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Business & MarketsCompaniesFacebookJudiciaryMedia & Big TechmetaSocial MediaTechUSUS NewsWashington state
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A court in Washington state has been urged to make Facebook parent company Meta pay more than $24 million for intentionally violating state law. King County Superior Judge Douglass North recently ruled that Meta deliberately violated the state’s Commercial Advertiser Law, which mandates certain information on political advertisements be handed over when requested. There were…
UK Coroner Urges Separate Platforms for Adults and Kids After Ruling Online Content Contributed to Death of Teen
October 14, 2022
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A coroner has issued recommendations including separate social media platforms for adults and children, following an inquest into the death of a London schoolgirl. Molly Russell, a 14-year-old girl from Harrow, northwest London, who her father said showed no obvious signs of mental illness, took her own life on Nov. 21, 2017. She had viewed…
Meta Launches VR Headset That Tracks Facial Expressions and Eye Movements
October 13, 2022
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Business & MarketsCompaniesData privacyMedia & Big TechmetametaverseSocial MediaTechTech NewsUSUS NewsVirtual RealityVR headset
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Meta has introduced a VR headset with multiple cameras to track facial expressions and physical motion, a move that some say is another blow to personal privacy. “When we communicate, all our nonverbal expressions and gestures are often even more important than what we say, and the way we connect virtually needs to reflect that…
FBI Agents Involved in Facebook’s Suppression of Hunter Biden Laptop Story Were Democrat Donors: Records
October 12, 2022
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Two FBI agents whose communications with Meta resulted in the social media company’s suppression of the Hunter Biden laptop story were donors of the Democratic Party, records show. Mark Zuckerberg, CEO of Meta, the parent company of Facebook, told Joe Rogan in late August that the company actively reduced the reach of social media posts about the…
Metaverse a ‘Huge Gamble’ for Zuckerberg: Business Expert
October 9, 2022
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AustraliaBusiness & MarketsCompaniesInternationalMark ZuckerbergMedia & Big TechmetametaverseSocial MediaTechTech NewsTikTokUSUS NewsWorld
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Mark Zuckerberg’s Metaverse is a huge gamble on the part of the tech giant to recapture declining user numbers, according to Prof. Barney Tan at the University of New South Wales. Tan, also head of the School of Information Systems and Technology Management, said what Zuckerberg’s company Meta is proposing is to develop a virtual world…
Nigeria Regulator Seeks $70 Million Penalty in Lawsuit Against Meta
ABUJA, Nigeria—A Nigerian advertising regulator has sued Meta, accusing the owner of Facebook and WhatsApp of publishing unauthorized ads and seeking a 30 billion naira ($70 million) fine. The lawsuit filed in a local court by the Advertising Regulatory Council of Nigeria, or ARCON, is the regulator’s latest action that analysts say could hurt businesses…
Zuckerberg’s Metaverse a Gateway to ‘Transhumanism’, Gettr CEO Warns
October 3, 2022
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AddictionAustraliaBig Tech, Censorship, and SocialismBrightBusiness & MarketsCompaniesFeatured TopicsGettrhealthHealth ConditionsHealth NewsInternationalJason MillerMark ZuckerbergMedia & Big TechmetametaverseSocial MediaTechTech NewsUSUS NewsWorld
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Mark Zuckerberg’s Metaverse will encourage people to distance themselves from reality and devote more time to the virtual world, says Gettr CEO Jason Miller. Miller, who founded Gettr in July 2021 in response to censorship from incumbent social media services, said Meta’s endeavours to create a virtual world is an attempt by the tech giant…
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