Meta accused of breaching workers rights over union rep cleaner’s dismissal September 1, 2022 Meta has been accused by Amnesty International of breaching workers’ rights over claims a Bolivian cleaner working at its London offices was fired for being a union rep. The Facebook owner is set to face a protest outside its Brock Street offices on Friday ahead of the start of an unfair dismissal tribunal on Wednesday [...]
Meta: Instagram owner has first ever fall in sales revenue but monthly Facebook usage grows July 28, 2022 Facebook and Instagram owner Meta had its first ever drop in sales revenue in the first time in its history. The social media giant’s revenue stood at $28.2bn in the first three months up to June this year, down from $29bn in the same period last year, marking a one per cent fall. The Mark [...]
Revealed: Facebook is allowing the sale of rich Brits’ data in open groups for as little as 16p July 11, 2022 Social media giant Facebook is allowing the sales of thousands of peoples personal data to take place in open groups with tens of thousands of members for as little as 16p. Favoured by hackers and scammers, posts advertising data sets such as “UK Old Age High Income Leads” went seemingly unnoticed on the site. The [...]
Starry Eyed: Advertising watchdog bans Ellie Goulding’s alcohol ads on Facebook July 6, 2022 Ellie Goulding's Facebook page adverts have been banned after the singer said the drink was low in calories and contains no sugar, implying it was good for you.
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 [...]