You are a claimant unless you opt out: £2.2bn damages claim filed against Facebook owner Meta on behalf of 45m Brits February 14, 2022 A multi-billion pound damages claim was filed late last night against Meta, formerly Facebook Inc., on behalf of UK Facebook users, for abusing its dominant market position by imposing unfair terms, prices and/or other trading conditions on users. This is the first UK case against Facebook to be filed at the Competition Appeal Tribunal (CAT) [...]
Mark Zuckerberg and team consider shutting down Facebook and Instagram in Europe if Meta can not process Europeans’ data on US servers February 10, 2022 If Meta is not given the option to transfer, store and process data from its European users on US-based servers, Facebook and Instagram may be shut down across Europe, the social media giants’ owner reportedly warned in its annual report. The key issue for Meta is transatlantic data transfers, regulated via the so-called Privacy Shield [...]
Meta’s threat to close down Facebook and Instagram in Europe backfires as EU leaders embrace shutdown: ‘Life would be very good without’ February 9, 2022 European leaders have responded to Meta's indirect warning to shut down its Facebook and Instagram operations across Europe if the social media giant is no longer able to process Europeans' data on US servers.
How to make social media work for you January 18, 2022 | City Talk As the most-followed CFA charterholder on LinkedIn, Eric Sim, CFA, has expertly leveraged social media to connect with other professionals, build his personal brand and advance his career. Here he explains how to make social media work for you. Your internal brand is essentially what people in your organisation think about you. It’s usually set [...]
You too? Record 44m Brits may be in line for compensation as £2.3bn class action lawsuit against Facebook is launched in London court January 14, 2022 More than 44m people could be compensated over “unfair” terms and conditions being imposed on Facebook users if a multi-billion pound lawsuit against the social media giant is successful. Competition law expert Dr Liza Lovdahl Gormsen has launched the class-action lawsuit against Facebook’s parent firm, Meta, at the Competition Appeal Tribunal, accusing the technology giant [...]
Facebook and Twitter ‘failing to tackle fake review factories’ January 13, 2022 Facebook and Twitter have been accused of failing to tackle an online industry of fake product reviews, with new research uncovering schemes on the platforms with hundreds of thousands of members.
Facebook fails to block antitrust lawsuit over WhatsApp and Instagram ownership January 12, 2022 Meta faces another blow as it loses its attempt to dismiss a US Federal Trade Commission (FTC) antitrust lawsuit, which could force it has to sell WhatsApp and Instagram.
Facebook warns 50k accounts about cyber hackers December 19, 2021 Facebook has warned around 50,000 users that they may have been targeted by "cyber mercenaries", as the company tries to stop private companies hired by authoritarian countries to spy on people.
Facebook says it’s behind the £45m deal for Meta name rights December 13, 2021 Meta, the owner of social media network Facebook, is behind a $60m (£45m) deal to acquire the trademark assets of U.S. regional bank Meta Financial Group, spokespeople for the companies said this evening.
US tech firms dominate web searches reaching more than 40m monthly hits each December 7, 2021 Alphabet's Google, Facebook, Amazon and Microsoft are the only website publishers to reach more than 40m people in the UK each month, according to Ipsos Iris data.