Meta Platforms Inc has restricted some accounts in Ukraine, including some accounts belonging to Russian state media organizations, at the request of the Ukrainian government, the company’s head of global affairs Nick Clegg said in a tweet on Sunday. “The Ukrainians have also suggested that we remove access to Facebook and Instagram in Russia. However,…
Meta Says Restricts Some Russian State Media Accounts at Ukraine Request
Facebook, Instagram Abound With Counterfeit Fashion, Report Says
February 10, 2022
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A new report of research conducted by the Italian analytics firm Ghost Data reveals the full extent of counterfeit fashion on marketplaces owned by Meta Industries (formerly Facebook), revealing thousands of accounts trafficking in falsely branded “designer” clothing and accessories. The report revealed over 26,000 active counterfeit fashion accounts on Facebook and over 20,000 on…
Facebook Loses Nearly $200 Billion, First Drop in Users in Company History
February 3, 2022
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Meta shares lost more than a fifth of its value as the company struggles to retain users, indicating the beginning of the end of an era where a handful of Silicon Valley CEOs controlled the flow of information across online platforms. Registering the first sequential loss of customers in the company’s 18-year history, Meta Platforms,…
Facebook Loses Nearly $200 Billion, 1st Drop in Users in Company History
February 3, 2022
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Meta shares have lost more than a fifth of their value as the company is struggling to retain users. Registering the first sequential loss of customers in the company’s 18-year history, Meta Platforms, earlier known as Facebook, dropped to 1.929 billion daily users from 1.93 billion users in the previous quarter. User growth across Whatsapp…
Meta Mandates Booster Shots, Extends Return-to-Office Date for Employees
January 12, 2022
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Meta, formerly Facebook, has extended its return-to-office date to March 28 amid a surge of Omicron-related infection cases, with an additional mandatory booster shot requirement for those who plan to come back to the office. Meta has flip-flopped on its office-return dates and requirements over the past two years with a series of inconsistent messages….
Facebook to Form New Zealand Fund to Support Local Publishers
Facebook parent Meta Platforms Inc. said on Thursday it would invest in New Zealand to promote up-and-coming news publishers and boost their digital capabilities, a month after the social media giant landed in hot water with Australian media outlets over content licensing. The company, which did not disclose its investment amount, said its program would…
Meta Platforms Shares Rise as Facebook Rebrands to Focus on Metaverse
October 29, 2021
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Shares of Meta Platforms Inc. rose marginally in premarket trading on Friday after social media giant Facebook rebranded itself to build the “metaverse”, a shared virtual environment. Chief Executive Officer Mark Zuckerberg said on Thursday the new name reflects the company’s work invested in the metaverse, rather than its namesake social media service, which will…
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