Latest in Meta Million Illegally
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Temu Faces EU Probe Over Failure to Stop Illegal Sales
The European Commission, the EU’s executive arm, said it had opened formal proceedings against the Chinese e-commerce platform to assess whether it may have breached Europe’s digital services ...Business - The Wall Street Journal - 5 days ago -
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UK introduces a bill that would eventually make the purchase of cigarettes illegal
Legislation intended to ban today’s British children from ever legally being able to smoke has begun its journey through ParliamentHealth - ABC News - 4 hours ago -
Meta Will Face State Lawsuits Alleging Teen Social Media Addiction
Despite efforts to have two cases dismissed, the parent company of Instagram and Facebook will have a legal reckoning over allegations its platforms harm younger users.Business - Inc. - October 16 -
Meta fires staff for ‘using free meal vouchers to buy household goods’
Facebook and Instagram owner reportedly dismisses about 24 workers for abusing $25 meal credit system. Meta, the owner of Facebook and Instagram, has reportedly fired about 24 staff at its Los ...World - The Guardian - October 17 -
Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'
Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”Tech - ABC News - October 17 -
Massachusetts judge rules Meta must face state's social media lawsuit
A Massachusetts Superior Court judge has ruled Meta must face a state lawsuit, alleging the company knowingly designed and deployed features harmful to young online users. Suffolk County Superior ...Politics - The Hill - October 18 -
Facebook and Instagram to delete ads that use celebrities without their consent
Celebrities including Elon Musk and Martin Lewis repeatedly feature in ads for products they have not endorsed.Top stories - BBC News - October 22 -
Meta again testing facial recognition software to fight 'celeb bait' scams
Meta, the parent company of Facebook and Instagram, is testing facial recognition software to combat “celeb bait” scams on its platforms, as well as to allow users to more easily regain access to ...Politics - The Hill - October 22 -
Meta bans jet-tracking accounts that post updates on Trump, Musk and Zuckerberg
Meta followed Elon Musk's lead, banning jet-tracking accounts run by Jack Sweeney. The accounts posted locations of jets used by Donald Trump and Taylor Swift.Top stories - NBC News - October 22 -
Meta Bans Accounts That Track Celebrity Jet Travel, Including for Zuckerberg
The suspensions mirror decision Elon Musk made in 2022 to ban similar accounts on Twitter after he acquired the platform.Tech - The Wall Street Journal - October 22 -
Meta Quest 3S Review: The Best Headset for VR Noobs
Meta’s most affordable VR headset is cheap, light, and easy to use. Just don’t expect to wear it too long, as the battery life isn't great.Tech - Wired - October 23 -
Meta Platforms Defeats Shareholder Lawsuit Over Child Safety Claims
The plaintiffs said Meta misled them about how it makes Instagram and Facebook safe for younger users. A federal judge in San Francisco disagreed.Business - Inc. - October 23 -
EY and Meta Fired Workers for Stretching the Rules: What Would You Do?
EY employees watched multiple training videos at once. Meta employees used meal vouchers for non-food items. Here’s how employers should evaluate breaches like these, one expert says.Business - Inc. - October 23 -
Velan Studios readies launch for Bounce Arcade VR game for Meta Quest
Velan Studios announced its VR pinball game Bounce Arcade is available for pre-order on Meta Quest and will debut on November 21. In the game, you enter the machine and play pinball like you’ve ...Tech - VentureBeat - October 24 -
Meta just beat Google and Apple in the race to put powerful AI on phones
Meta has launched compressed AI models that run directly on smartphones, making artificial intelligence faster and more private while using less memory than cloud-based alternatives.Tech - VentureBeat - October 24 -
Cramer’s week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and Amazon
CNBC's Jim Cramer on Friday urged investors to keep a level head during next week's busy slate of corporate earnings and influential economic reports.Business - CNBC - October 25 -
Meta AI to Use Reuters Content to Answer User Questions in Real Time
Meta AI didn’t share whether it would use Reuters content to train its large-language model.Business - Inc. - October 27 -
Meta’s stock is up 500% in two years. Is it still a ‘set-it-and-forget-it’ play?
Meta reports earnings on Wednesday afternoon.Business - MarketWatch - October 29 -
Markey urges Meta to relaunch research initiative for 2024 election
Sen. Ed Markey (D-Mass.) on Wednesday urged Meta, the parent company of Facebook and Instagram, to enable independent academic researchers to study the impact of its platforms on the 2024 election ...Politics - The Hill - 6 days ago -
Apple, Meta and Amazon must show the stock market that AI spending is paying off
Big-tech bellwethers facing scrutiny on whether they are meeting competitive challenges.Business - MarketWatch - 5 days ago -
Meta’s Reality Labs posts $4.4 billion loss in third quarter
Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.Business - CNBC - 5 days ago -
Meta sees AI spending accelerating as earnings top forecasts
Mark Zuckerberg cites the potential for ‘strong’ returns in coming years on heavy investments in new technologyBusiness - Financial Times - 5 days ago -
Meta Earnings Show Revenue Increase, Even as Spending Spree Continues
The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.Business - The New York Times - 5 days ago -
Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.Business - CNBC - 5 days ago -
With Reality Labs, Meta risks heading down slippery slope of overspending again
Zuckerberg said that he is going to keep building out Meta’s infrastructure and data centers, because the opportunity is so huge, even if investors don’t like it.Business - MarketWatch - 5 days ago -
Meta’s Llama Used to Develop AI Model for China’s Military
Researchers connected to the People’s Liberation Army created a chatbot model based on Meta’s Large-Language Model AI.Business - Inc. - 4 days ago