Dr. Muhammad Yunus, Bangladesh’s interim chief advisor, met with Meta’s director of human rights policy to address a significant disinformation campaign impacting the nation’s political climate. Yunus also advocated for increased user-friendly technology to empower young entrepreneurs.
The Australian government is pushing forward with legislation that would ban social media platforms like TikTok, Facebook, X (formerly Twitter), and YouTube for users under 16. This move aims to protect young people from online harms and follows existing measures against non-consensual deepfakes. The plan includes age verification techniques, and exemptions are made for educational and health services.
Meta Platforms CEO Mark Zuckerberg has been absolved of personal responsibility in lawsuits alleging that his company, Meta, caused social media addiction in children. U.S. District Judge Yvonne Gonzalez Rogers dismissed claims that Zuckerberg was personally responsible for Meta’s alleged concealment of mental health risks associated with children’s use of Facebook and Instagram, citing a lack of specific evidence of his wrongdoing.
A Texas woman faces arrest after allegedly trying to sell her newborn son on Facebook. Juniper Bryson, 21, posted in an online adoption group seeking parents for her baby but requested financial compensation. The case highlights the dangers of online adoption arrangements and the need for safeguards against exploitation.
Meta Platforms Inc. (META) has been fined $15 million by South Korea for unlawfully gathering sensitive personal information from Facebook users. The South Korean Personal Information Protection Commission found Meta guilty of collecting data on political views, sexual orientation, and other sensitive information without consent and sharing it with advertisers. This is the latest in a series of penalties against Meta for privacy violations, highlighting a global trend of increased scrutiny over big tech companies’ handling of user data.
Meta Platforms Inc. (META) reported strong third-quarter earnings, showcasing robust core business growth and aggressive AI investments. While the stock experienced a post-earnings dip, analyst Gene Munster highlights Meta’s potential for significant growth in the coming years due to its massive user base and AI capabilities.
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, reported strong third-quarter earnings, exceeding analyst expectations on both revenue and earnings per share. The company’s revenue grew 19% year-over-year, driven by strong advertising performance and growth in daily active users. Meta’s CEO, Mark Zuckerberg, highlighted the company’s progress in artificial intelligence (AI) as a key driver of its success. Looking ahead, Meta expects continued growth in revenue and increased investments in its Reality Labs division.
Meta Platforms Inc. (META) has reportedly fired several employees in Los Angeles for abusing their meal credit program, highlighting the company’s focus on efficiency and cost-cutting measures. The dismissals come amidst a broader restructuring initiative at Meta, raising concerns about job security for employees.
Meta Platforms, the parent company of Facebook, has paid out over $2 billion to content creators this year as part of its efforts to boost monetization on the platform. The company has launched a new platform called Facebook Content Monetization, combining existing monetization programs into one platform, allowing creators to earn from a wider variety of content formats. This move aims to compete with platforms like YouTube and attract more content creators to Facebook.
Meta Platforms Inc. (META) has been slapped with a €91 million ($101.5 million) fine by Ireland’s Data Protection Commission (DPC) for a 2019 security breach involving the storage of hundreds of millions of user passwords in plaintext. The penalty highlights Meta’s ongoing struggles with privacy compliance and adds to a string of GDPR fines the company has faced in recent years.
