Facebook parent Meta’s first quarter profit and its count of daily users jumped past Wall Street’s expectations despite the company’s slowest revenue growth since going public a decade ago. Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported what analysts called disappointing earnings, with profit below Wall Street’s expectations. Google also […]
The European Union has set the stage for a crackdown on big tech companies with an agreement on landmark digital rules to rein in online “gatekeepers” such as Google and Facebook parent Meta. EU officials agreed late on Thursday on wording for the bloc’s Digital Markets Act (DMA), part of a long-awaited overhaul of its […]
A Moscow court has banned Facebook and Instagram for what it deemed extremist activity in a case against their parent company Meta. The Tverskoy District Court fulfilled a request from prosecutors to outlaw Meta Platforms and banned Facebook and Instagram for what they called “extremist activities”. Prosecutors have accused the social media platforms of ignoring […]
Facebook parent company Meta has been fined 17 million euros for breaching EU privacy rules. The fine, imposed by the Irish Data Protection Commission (DPC), follows an investigation into a series of 12 data breach notifications received by the watchdog between June and December 2018. In a statement on Tuesday the DPC said that it […]
Russia has blocked access to Facebook for its 146 million citizens amid the Ukraine invasion, a state regulator has said.The country’s communications watchdog, Roskomnadzor, said the social media platform was blocked on day nine of the war due to “cases of discrimination against Russian media”.It comes a week after Russia limited access to Facebook after […]
Facebook will try to continue to operate in Russia to offer a platform for “counter-speech” to the “propaganda” coming from Russian-state controlled media, Nick Clegg has said.The former UK deputy prime minister, who is now the head of global affairs at Facebook’s parent company, Meta, said it is important for the platform to stay online […]
Russia has limited access to Facebook after the social media provider refused to stop fact-checking and labelling content from state-owned organisations, former UK deputy Prime Minister Nick Clegg has said. Russian authorities announced the “partial restriction” after the social media network limited the accounts of several Kremlin-backed outlets over the invasion of Ukraine. Russian state communications […]
Facebook has been accused of failing to add warning labels to half of the posts from the largest publishers of climate change denial articles, with campaigners warning the social network is causing the “pollution of the information ecosystem”. A new study by the Centre for Countering Digital Hate (CCDH) suggests that just over half (50.5%) […]
A historic plunge in the stock price of Facebook’s parent company has helped yank other tech stocks lower on Wall Street, abruptly ending a four-day winning streak for the market. The 26.4% wipeout for Meta Platforms, as Facebook’s owner is now known, erased more than 230 billion dollars in market value, easily the biggest one-day […]
Facebook has reported a fall in daily active users for the first time in its history, as boss Mark Zuckerberg acknowledged the growing competition from rival social media apps such as TikTok. New figures, released as part of parent company Meta’s latest financial results, show that daily users of Facebook fell to 1.929 billion people […]
