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In a rush
US recession fears plague London

Mark Zuckerberg

  • Meta turns to paid-for verification as data reveals privacy concerns among UK users

    Big tech

    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. [...]

  • Mass layoffs at Meta: Is Facebook’s ‘absolute monarch’ Mark Zuckerberg finally listening?

    spotlight on facebook

    Facebook-owner Meta did not do well with investors during and after the latest earnings releases. Large institutional investors concluded that founder Mark Zuckerberg is not listening to investor concerns over capital expenditure plans for next year and ballooning operating expenses. But the Wall Street Journal is writing that Meta is now planning a large layoff [...]

  • Facebook whistleblower Frances Haugen talks Meta, Musk and online safety

    INTERVIEW WITH Frances Haugen

    City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.

  • Zuckerberg: Facebook and Instagram to test NFTs on user profiles

    May 9, 2022

    Meta CEO Mark Zuckerberg has confirmed that the tech giant will start testing digital collectibles on Instagram and Facebook in the coming weeks, allowing users to display non-fungible tokens (NFTs) on their profile. Augmented reality NFTs will feature on Instagram stories via Spark AR, Meta’s AR software platform, and will be coming to the rest [...]

  • 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 [...]

  • 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 [...]

  • Hello Meta: Zuckerberg announces Facebook’s new name

    October 28, 2021

    Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]

  • Facebook’s quarterly earnings shoot up to £6.5bn as it weathers whistleblower storm

    October 26, 2021

    Facebook has recorded third quarter earnings of £6.5bn as it weathers a storm of blistering claims from a former employee. The company reported a net income for the three months ending on September 31 of $9bn, or £6.5bn, up from $7.8bn for the same period in 2020. Backlash against the technology firm has been intensifying [...]

  • Zuckerberg condemns “coordinated effort” to paint Facebook in a bad light

    October 25, 2021

    Facebook’s chief executive and founder Mark Zuckerberg denounced “the coordinated effort to selectively use leaked documents to pay a false picture” of the social media platform. In his calls to investor to discuss the third quarter results, he said: “I believe large organisation should be scrutinised. I much rather live in a society where they [...]

  • Facebook delivers good Q3 but expects Q4 to be below estimates

    October 25, 2021

    Facebook has delivered a good progress in the third quarter of 2021, said the company’s chief executive Mark Zuckerberg while announcing the company’s results. “We made good progress this quarter and our community continue to grow,” he said. “I’m excited about our roadmap, especially around creators, commerce and helping to build the metaverse.” The social [...]

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