Sheryl Sandberg steps down as Meta COO after 14 years alongside Zuckerberg June 2, 2022 Sheryl Sandberg is stepping down as Meta’s chief operating officer after working for 14 years alongside Mark Zuckerberg. The senior executive announced her decision in a Facebook post, where she said that it was time for her to “write the next chapter of my life.” “Over the next few months, Mark and I will transition [...]
Facebook whistleblower Frances Haugen talks Meta, Musk and online safety May 25, 2022 City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
Whistleblower Frances Haugen: Don’t let Facebook tell us how to solve the Meta problem May 20, 2022 Facebook whistleblower Frances Haugen said governments across the world have become "dependent on Facebook telling them how to solve Facebook's problems", leading to a lack of focus on actually achieving true transparency in legislation.
Meta shares surge despite Facebook owner’s weakest revenue growth for a decade April 28, 2022 Meta shares were lifted after the social media giant’s first earnings report, despite missing Wall Street analysts’ revenue estimates. Facebook’s owner saw shares surge some 13 per cent after, revealing it had managed to claw back some users, after previously reporting its first ever decline in user-numbers. Meta lost a staggering $230bn in market value [...]
Zuck Bucks coming next month: Facebook’s Meta plotting its own money offering via crypto launch, NFTs and small business loans April 12, 2022 Meta, the owner of social media giant Facebook, is plotting to bring its own digital currency to the market, Zuck Bucks, named after its founder Mark Zuckerberg. In addition, the company is reportedly also looking to launch a number of traditional banking services, such as providing small business loans. Zuck Bucks will not be a [...]
Metaverse switch: Young people jump ship from Facebook and embrace virtual reality platform March 15, 2022 The metaverse could become a mainstream way to make friends and even date, with nearly a fifth of young people ready to ditch more conventional social media platforms. With more than a tenth having already made their own metaverse avatar, data from Zen Internet highlighted that 18 per cent of 16-24 year olds are already [...]
Big Tech face UK legal duty to prevent fraudulent scams online March 8, 2022 The government are set to introduce new legal duty on big tech to prevent paid-for fraudulent ads appearing on their services. The change will improve protections against fake ads, including where criminals impersonate celebrities or companies to steal people’s personal data, peddle dodgy financial investments or break into bank accounts. As part of the government’s [...]
Facebook and Twitter tell Ukrainian users to protect themselves against hacking February 25, 2022 Social media platforms Facebook and Twitter have warned Ukrainian users they may be vulnerable to hacking, after Ukraine experienced a series of cyberattacks in the wake of Russia’s invasion. In a tweet, former Lib Dem leader Nick Clegg, head of global affairs and communications at Facebook owner Meta said the firm would be monitoring its [...]
Tech giants prefer fines to compliance says EU’s Margrethe Vestager February 23, 2022 Some tech giants may prefer to pay a fine rather than comply, said the European Union's antitrust chief, citing Apple's recent battle with the Dutch courts.
Facebook ‘Reels’ goes global as it tries to keep up with TikTok and attract creatives February 22, 2022 Facebook has announced that it will be expanding the availability of its Reels for iOS and Android to more than 150 countries, widening the reach of its copycat TikTok feature. The Reels feature was first introduced at the end of last year and the tech firm’s new strategy hopes to help creators earn money from their Reels [...]