UBS analyst Lloyd Walmsley raised the price target on Meta Platforms Inc. to $300 from $280 and kept a Buy rating on the shares. The price target implies an upside of 29.4 percent. The impact of the Russia–Ukraine war is more than offset by the company’s lower operating expense estimates. While consensus earnings will move down in the “preview season,” this is…
UBS Remains Bullish on This Social Media Giant: Read Why
April 8, 2022
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Chart Wars, Twitter vs. Meta Platforms: How Has Elon Musk’s Role as Shareholder Influenced Stock Price?
Meta Platforms, Inc and Twitter, Inc were trading flat on Thursday morning, in tandem with the general markets, which were consolidating Wednesday’s steep sell-off. Tech stocks have seen a sharp rebound over the past few weeks, with the Nasdaq soaring almost 18 percent between March 15 and March 29 before entering into a period of consolidation. The discovery…
Meta Removes COVID-19 Booster Shot Requirement for American Workers
April 2, 2022
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Facebook-owner Meta Platform will stop requiring its employees to get COVID-19 booster shots in order to enter offices in the United States, a spokesperson for the company said on Friday. “We updated our requirements in early March to align with CDC guidance, and now COVID-19 boosters are no longer required for entry, though strongly recommended,”…
Facebook Says ‘Bug’ Preventing Sharing of Shen Yun Ads
March 29, 2022
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In the days and weeks leading up to Shen Yun Performing Arts’ Australian tour, which kicks off in the country’s capital, Canberra, on March 31, fans and ticket-holders have reported that Facebook has restricted their ability to share the company’s ad posts on the social media platform. “Just so you know, I have tried twice…
New Rules for US Tech Giants to Come Into Force in October, EU’s Vestager Says
BRUSSELS—Tough new rules targeting U.S. tech giants agreed late on Thursday are expected to come into force in October, EU antitrust chief Margrethe Vestager said on Friday. The rules, which Vestager proposed a year ago, are called the Digital Markets Act and set out a list of dos and don’ts for Amazon, Apple, Meta, Alphabet…
Russian Court Bans Facebook and Instagram for ‘Extremist Activities’
March 21, 2022
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A Russian court on Monday has banned Meta, the parent company of Facebook and Instagram, for alleged “extremist activities,” rendering its operations inside Russia illegal. The decision handed down by Moscow’s Tverskoi District Court, however, excludes messaging service WhatsApp, which Meta also owns, according to the Interfax news agency. “The court has granted the lawsuit…
Russia Finds Meta Guilty of ‘Extremist Activity’, Says WhatsApp Can Stay
March 21, 2022
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A Moscow court on Monday found Meta Platforms Inc. guilty of “extremist activity”, but said its decision would not affect the WhatsApp messenger service, focusing its ire on the company’s already banned Facebook and Instagram social networks. Moscow’s Tverskoi District Court upheld a lawsuit filed by Russian state prosecutors on banning the activities of Meta…
Australian Consumer Watchdog Sues Meta for Cryptocurrency Scam Ads
March 18, 2022
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Australia’s consumer watchdog has filed a lawsuit against Facebook’s parent company Meta over cryptocurrency scam ads, which conned AU$100 million (US$73.83 million) from Australians last year. The Australian Competition and Consumer Commission (ACCC) has filed the legal action in the Federal Court of Australia, alleging the tech giant knew scam ads were running on Facebook…
Facebook Won’t Fact-Check Politicians in Upcoming Australian Election: Meta
Meta has outlined extensive plans to limit the spread of “misinformation” and bolster “election integrity” in the upcoming Australian federal election by expanding its fact-checking network. The Facebook and Instagram parent company has invested considerable resources working with local groups to put together a complete set of election integrity measures, according to Meta Australia’s Head…
YouTube Blocks Russia-Funded Channels Worldwide, Halts All Monetization in Russia
March 12, 2022
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YouTube is tightening the screws on Russian state-funded media channels, blocking access to them around the world and halting all ways to monetize on the platform in Russia, the company said in a statement, citing content policies relating to events like the Ukraine war. The Google-owned video-streaming platform announced that it was removing content about Russia’s…
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