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FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
Stellantis hit by sales slide in US and Europe
Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventoryWorld - Financial Times - October 31 -
Meta's Threads micro-blogging app now has 275 million monthly users, Zuckerberg says
Threads, Meta's rival to Elon Musk's X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday.Business - CNBC - October 31 -
South Korea fines Meta $15 million for illegally collecting information on Facebook users
South Korea’s privacy watchdog has fined Meta 21.6 billion won for illegally collecting Facebook users’ sensitive personal information, including data about their political views and sexual ...Tech - ABC News - November 5 -
Meta slashes EU Facebook and Instagram subscription fees by 40% to meet regional regulatory demands
Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for EU users to comply with regulatory demands in the region.Business - CNBC - November 12 -
Team Meta? Team Alphabet? A noted tech analyst weighs in and so does Jim Cramer
Cramer sees merit in MoffettNathanson's buy calls on Alphabet and Meta.Business - CNBC - November 12 -
EU fines Facebook parent Meta nearly 800 million euros over 'abusive' Marketplace practices
EU fines Facebook parent Meta nearly 800 million euros over 'abusive' Marketplace practicesTech - ABC News - November 14 -
Meta fined nearly €800mn for breaking EU law over classified ads practices
Facebook is undermining rivals by ‘tying’ its free Marketplace services with the social network, Brussels saysWorld - Financial Times - November 14 -
EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads businessWorld - ABC News - November 14 -
Meta Lobbyist Turned Regulator Says Europe’s Big Tech Rules Have Gone Too Far
Aura Salla was once the tech giant’s top lobbyist in Brussels. Now, her presence as a regulator in the European Parliament is proving controversial.Tech - Wired - November 15 -
Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here’s how
Artificial intelligence is a powerful tool in Meta Platforms' arsenal, and if it's optimized, it can contribute to earnings per share growth.Business - CNBC - November 16 -
EU fines Meta over $840 million for ‘abusive practices’ favoring Facebook Marketplace
Meta received a fine of over $840 million on Wednesday for breaching the European Union’s antitrust rules as it relates to market domination after three years of legal proceedings. The ...Politics - The Hill - November 16 -
Meta is ‘reckless’ in ‘need-to-know situations’, Canada warns Australia as it braces for early bushfire season
Heritage minister says Facebook made ‘room for misinformation’ after turning news off in 2023 as Australia mulls actions that could lead to Meta doing the same. Follow our Australia news live ...World - The Guardian - Yesterday -
Snap's AR Spectacles Aren't as Fancy as Meta's Orion—but at Least You Can Get Them
Augmented reality glasses still have a long way to go, but Snap’s latest Spectacles—which are now available to developers—already have some real-world utility.Tech - Wired - 13 hours ago