BRUSSELS—British and European regulators threatened to crack down on Google and Facebook parent Meta over an agreement for online display advertising services, saying Friday that the deal may breach rules on fair competition. The fresh scrutiny in Europe, which has pioneering efforts to rein in big technology companies, strikes at the heart of Google’s business—the…
Google, Meta Face EU, UK Probes Into Ad Bidding Agreement
March 12, 2022
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Meta Defends Policy on Calls for Violence Against Russia After Country Blocks Instagram
March 12, 2022
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Facebook owner Meta defended a change in its content policy after Russia mounted a criminal case and blocked Instagram in response to the move. Meta on March 10 announced a temporary change in its content policy that would allow users to express their views against Russia’s attack on Ukraine, allowing posts such as “death to…
Russia to Brand Facebook Owner an ‘Extremist Organization’
Russia’s Prosecutor General asked a court to formally designate Facebook and Instagram owner Meta as an extremist organization. “Consistent with the Federal Law on Countering Extremist Activities, the Russian Prosecutor General’s office has lodged a motion with a court for designating Meta Platforms Inc. as an extremist organization and banning its operations in the territory of…
Russia to Brand Facebook Parent Company an ‘Extremist Organization’
Russia’s Prosecutor General asked a court to formally designate Facebook and Instagram owner Meta as an extremist organization. “Consistent with the Federal Law on Countering Extremist Activities, the Russian Prosecutor General’s office has lodged a motion with a court for designating Meta Platforms Inc. as an extremist organization and banning its operations in the territory of…
Forecasters Weigh in on Tech’s Future as Meta and Other Stocks Tumble
From January 2021 to early 2022, big names in tech took a deep dive, with companies like Facebook/Meta, Netflix, Shopify, PayPal, Zoom, and Square leading the plunge. These companies have lost more than $1.1 trillion in market capitalization from their peaks during 2021, per analysis by A Wealth of Common Sense, a blog written by…
A Bullish Sign for Apple, Meta Platforms and PayPal Stocks: What the Charts Are Saying
Apple, Inc., Meta Platforms, Inc. and PayPal Holdings, Inc. are all trading higher in strong uptrends. An uptrend occurs when a stock consistently makes a series of higher highs and higher lows on the chart. The higher highs indicate the bulls are in control while the intermittent higher lows indicate consolidation periods. Traders can use moving…
Meta Says It Took Down Malicious Network Spreading Claims of Ukraine Being a Failed State and Western Betrayal
March 2, 2022
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Facebook parent Meta Platforms Inc. said it is rolling out more privacy and security measures to help people in Ukraine following the country’s invasion by Russia. What Happened Meta said in a blog post that in the last 48 hours, it has taken down a network of about 40 fake accounts, groups and pages across…
Here’s Why This Analyst Downgraded Facebook Parent Meta
Erste Group analyst Hans Engel downgraded Facebook parent Meta Platforms to Hold from Buy. Facebook invested 21.7 percent of revenue in research and development in the last quarter, and the intended reorientation toward virtual products and services offers new earnings potential in the future. However, the development of the new advertising revenues is associated with high costs, which…
Zuckerberg Promotes UK’s Nick Clegg to More Senior Role at Meta
Former deputy prime minister Sir Nick Clegg has been promoted by Facebook’s Mark Zuckerberg to a new role focused on regulation which puts him at the same level of seniority as the firm’s founder. The 55-year-old was recruited by Facebook in 2018 to be its head of global affairs as Zuckerberg sought to repair the…
Meta CEO Zuckerberg Promotes Nick Clegg to Lead on Policy Issues
Meta Platforms Inc. CEO Mark Zuckerberg said in a Facebook post on Wednesday that he had promoted policy chief Nick Clegg into a larger role to lead on all policy matters, signaling less involvement from Zuckerberg in the area. “We need a senior leader at the level of myself (for our products) and Sheryl (for…
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