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Science & Technology

Meta Disputes $400M Fine over Personalised Ads

Ireland’s Data Protection Commission imposed a $414 million fine on Meta for using its contracts with Facebook and Instagram users to send them ads based on their online activity, without explicit consent

News

The European Commission Confirms Meta Abused its Market Dominance

The first results of the European Commission antitrust investigation into Facebook’s parent company Meta showed that it created “unfair trading conditions” tying the core social network and Marketplace classified ads service

Mark Zuckerberg

Meta to Slash 13% of Employees

Another grand layoff in the industry is the most significant job cut event in Meta’s history

Science & Technology

The Digital Markets Act (DMA) — a New EU Regulation Concerning Large Digital Companies

The European digital market is to become fairer and more competitive as the Digital Markets Act (DMA) comes into force

News

Meta to Bring NFT Minting and Trading to Instagram

New Instagram tools to help creators connect with their community and build their business include solutions that will allow creators to mint, show and sell NFTs

Science & Technology

Meta Bears More Losses: Investor Criticism Grows

Meta’s revenue decline for the second quarter in a row disappointed shareholders, criticism about heavy metaverse investments grows

Science & Technology

Meta & Jio launch grocery shopping on WhatsApp in India

The launch of grocery shopping on WhatsApp is part of a strategic partnership between Meta and Jio Platforms to accelerate India’s digital transformation and fuel economic growth in the country

Science & Technology

Meta’s next VR headset that focuses on ‘social presence’ launches in October

Meta is launching its next VR headset this October at the company’s Connect conference. It will have mixed reality features and focus on non-verbal communication

News

Meta invests in a Singaporean startup Take App

The startup supported by Meta Platforms helps small-business owners in Southeast Asia to sell via WhatsApp

Blockchain & Crypto

Meta expands Instagram NFT support to 100 countries

Instagram NFT functionality rolls out in more than 100 countries of Africa, the Asia-Pacific region, the Middle East and the Americas 

News

Tech giants should share telecom network costs: France, Italy and Spain urge

France, Italy and Spain are urging legislation that ensures Big Tech firms partly finance telecom infrastructure in EU

Science & Technology

Meta posts revenue decline: there’s a first time for everything

The tech sector suffers most from inflation and high interest rates – even Facebook’s parent Meta has reported a drop in revenues for the first time ever

News

Meta is eyeing the eye-tracking tech startup AdHawk

Meta is not giving up on its ambitious Metaverse plans: considers buying the VR-related technology startup

Finance & Economics

Digital Markets Act will make Apple less exclusive

The new legislation obligates big tech companies to allow app developers and third-party service providers access to device functionalities and proprietary software

News

Meta is no longer working on its smartwatch

Meta Corporation has decided to stop developing a smartwatch with two cameras and will instead pursue other gadgets for the hand.

Science & Technology

Meta Platforms Inc. is changing its stock ticket: here’s when

META has finally made one major adjustment that should’ve been done earlier.