Meta Archives

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14 March, 2023

Meta plans for decentralized social media app unveiled in new report

Dubbed P92, the app will be text-based, and users can access the platform using their Instagram log-in details; it will...

EU to monitor antitrust and promote healthy competition in the metaverse

Business

Steve Kaaru

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8 March, 2023

EU to monitor antitrust and promote healthy competition in the metaverse

The European Union’s antitrust head says the region must adapt its policies to fit the digital age, including promoting healthy...

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Business

Steve Kaaru

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9 February, 2023

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Q4 2022 was Meta’s Reality Labs’ worst one yet, with a $4.3 billion loss; while Zuckerberg laid off 11,000 workers...

Business

Steve Kaaru

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7 February, 2023

Meta wins court battle with FTC over the acquisition of VR platform Within Unlimited: report

A California judge denied the FTC's injunction request, arguing that Meta would dominate the VR industry by acquiring the VR...

Irish privacy regulator fines Meta more than $400M over illegal ad practice

Business

James Field

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6 January, 2023

Irish privacy regulator fines Meta more than $400M over illegal ad practice

The decision by Ireland's Data Privacy Commissioner (DPC) found that Meta had illegally forced users to accept personalized ads by...

Philippine central bank removes Novi from exclusive list of VASP licensees

Business

Wahid Pessarlay

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1 December, 2022

Philippine central bank removes Novi from exclusive list of VASP licensees

Novi is no longer a registered Virtual Asset Service Provider in the Philippines following BSP's decision to remove it from...

More bad news for Meta as Irish DPC imposes €265M fine over GDPR violations

Business

Gavin Lucas

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30 November, 2022

More bad news for Meta as Irish DPC imposes €265M fine over GDPR violations

The Irish Data Protection Commission assessed Facebook search, FB messenger contact importer, and Insta contact importer tool and found that...

Business

Gavin Lucas

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10 November, 2022

Meta begins mass layoffs—why?

Meta CEO Mark Zuckerberg proceeds with the company's mass layoffs following a turbulent year and his desire to create a...

Meta investors panic as Zuckerberg doubles down on Metaverse

Business

Steven Stradbrooke

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31 October, 2022

Meta investors panic as Zuckerberg doubles down on Metaverse

Meta's shares tumbled after the release of its Reality Labs financial report, which saw an operating loss of $3.67 billion...

Aptos: Hyped new blockchain stumbles at launch amid transparency questions

Business

Jon Southurst

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19 October, 2022

Aptos: Hyped new blockchain stumbles at launch amid transparency questions

Former Meta employees kickstarted the transactions in its Aptos blockchain project amid claims that the platform "is broken" and its...

Meta allows users to cross-post NFTs on Facebook and Instagram

Business

Steve Kaaru

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3 October, 2022

Meta allows users to cross-post NFTs on Facebook and Instagram

The social media giant also announced that digital collectibles were now available to every Instagram user in the 100 countries...

Meta faces stern test in Australia over ‘strange and unfortunate’ tactics in lawsuit

Business

Wahid Pessarlay

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23 September, 2022

Meta faces stern test in Australia over ‘strange and unfortunate’ tactics in lawsuit

Meta pleads the court to allow documents alleging it profited off 'crypto' investment ads that turned out to be scams...

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