Facebook owner Meta touts AI might as digital ads boost outlook April 27, 2023 Meta Platforms CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. Meta shares surged 12 per cent in after hours trading, adding over $50bn (£40.06bn) to its market value and continuing a rally [...]
Regulation set to challenge the ‘dominance’ of tech giants Google, Amazon and Facebook April 25, 2023 Plans to toughen up UK regulation of some of the world’s largest tech companies will go before MPs for the first time, with the competition watchdog’s dedicated digital unit set to be given sharper teeth. New laws to regulate big tech firms, such as Google, Amazon and Meta, have been long awaited, with MPs last [...]
Meta turns to paid-for verification as data reveals privacy concerns among UK users February 20, 2023 Facebook and Instagram owner Meta will soon role out a paid-for verification model, copying a similar move by rival social media platform Twitter. In a bid to claw back credibility, Meta chief executive Mark Zuckerberg revealed he was launching a new subscription service, which promised more personal security for users, for between £10-12.50 a month. [...]
The Musk effect: Meta testing Facebook and Instagram subscription service for £10 a month February 20, 2023 Meta is testing a new subscription service that would let Facebook and Instagram users pay for a verified account – taking a page out of Elon Musk and Twitter’s book. Meta CEO Mark Zuckerberg announced Meta Verified on his social media accounts on Sunday. Testing will begin in New Zealand and Australia this week and will roll [...]
Meta gears up for more job cuts as staff complain of ‘lack of clarity’ February 12, 2023 Meta employees have complained about a "lack of clarity" around budgets at the social media giant as the firm readies for another round of job cuts, according to a report in the Financial Times.
Make Meta Trump Again: Former President invited back on to Facebook – but firm promises ‘guardrails’ January 25, 2023 Former US President Donald Trump has had his suspension from Facebook lifted – but he’ll be subject to new ‘guardrails’ which could include stopping his posts being distributed on the platform. Trump was suspended for supporting protestors at the US Capitol on January 6 who stormed the building in a riot which killed five people. [...]
Exclusive: The WhatsApp scandal in banking and its place in the City January 15, 2023 The unprecedented fine from the SEC, exacted on 16 Wall Street banking giants in 2022, caused ripples on both sides of the pond last year. The collective $1.8bn in punishments doled out to a group consisting of names such as Barclays, Citigroup, Goldman Sachs, and Morgan Stanley, was executed as staff were found to have discussed deals [...]
Facebook gives teenagers more control over advert exposure January 11, 2023 Facebook and Instagram are to tighten restrictions around the data available to firms to target ads at teenage users, the platforms’ parent company Meta has said. From February, advertisers on Facebook will no longer be able see a user’s gender or the type of posts they have engaged with as a way of targeting adverts to them. [...]
Meta to discuss bringing back Trump January 2, 2023 Meta, Facebook and Instagram’s parent company is discussing whether Donald Trump should be allowed back on the platforms. In January 2021, Meta (then known as Facebook Inc) had suspended Donald Trump’s social media accounts for two years. Five people, including a police officer died, in the riot. Mr Trump posted a video on Facebook and [...]
Meta under fire may face £10m fine from EU December 20, 2022 Meta, Facebook’s parent company has been accused of flouting competition rules by an EU commission. If the charges are proven, they may face a penalty of up to £10m. Meta is likely in breach of the European Union’s anti-trust regulations. The EU’s preliminary review has found that Meta has tied access to the social media [...]