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Facebook, Meta
Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices
Meta is in hot water in Europe once again. The European Competition Commission issued the Facebook and Instagram parent company with a fine on Thursday to the tune of 798 million euros ($843 million) over "abusive practices.
Meta fined €798m over 'unfair' Facebook Marketplace
Meta has been fined €798m (£664m) for breaking competition law by embedding Facebook Marketplace within its social network. The European Commission said this meant alternative classified ads services had faced "unfair trading conditions", making it harder for them to compete.
Digital information world
2h
Meta Confirms Facebook Will Switch To Views As Its Main Focus Metric
Meta confirms Facebook shifts to Views as a main focus, simplifying metrics for content performance evaluation.
2d
Meta to offer Facebook and Instagram users in Europe less personalized ads after pressure from regulators
Data from all of a user's previous time spent on Facebook or Instagram, which is typically combined to precisely target an ...
SiliconRepublic
1d
US judge rules that Meta needs to face FTC antitrust lawsuit
FTC claims that Meta has a "monopoly" and has “wilfully” maintained that power by purchasing WhatsApp and Instagram.
1d
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break up over claims ...
1d
Inside Facebook's strategy to take on dating apps like Tinder and Bumble
Facebook Dating reported 20% year-over-year growth in users. Here's what it's doing to attract users from competitors.
Indy 100 on MSN
1d
Meta founder Mark Zuckerberg has dropped a single with rapper T-Pain - yes, really
Meta co-founder Mark Zuckerberg has released a new single with the rapper T-Pain, and he’s calling himself Z-Pain. Billionaire Zuckerberg is one of the people behind social media platforms like ...
2d
Meta Platforms Is Making AI Waves. ValueAct Bets $1 Billion.
ValueAct Capital has amassed a $1 billion stake in Facebook and Instagram parent Meta Platforms a validation of the tech ...
Startup Daily
2d
Facebook’s parent company, Meta, wins ‘Shonky’ award for not tackling scam ads
Scam ads are lucrative for scammers, but the money they steal from vulnerable people is also delivering plenty of cash to ...
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