VENTURE CAPITAL POST

Despite rivals investing heavily in AI-focused infrastructure, Apple, emphasizing hardware sales, maintains a lower capital expenditure, raising concerns about its sales and competitiveness.

The EU is preparing to initiate formal procedures against Meta, the company of Facebook and Instagram, over concerns that it is not doing enough to combat Russian disinformation ahead of the EU elections in June.

Mark Zuckerberg's fortune dropped by $22 billion in a single day, marking it as the fourth-largest billionaire decrease recorded by the Bloomberg Billionaires Index.

Mark Zuckerberg seeks investor patience as Meta continuously pushes for AI projects, despite warnings and premarket stock decline fueled by increased spending and slower sales growth.

Wall Street was alarmed by Meta's aggressive drive into AI development, despite the technology company's first-quarter earnings and revenues increasing 27% to $36.46 billion

In a ruling delivered in absentia, a military court in Russia has sentenced Andy Stone, a spokesperson for Meta Platforms, to six years in prison.

China's top internet regulator ordered Apple to remove WhatsApp and Threads from their app store, citing national security concerns.

EU privacy watchdog suggested that Meta platforms and other major online platforms should provide users with the choice to use their services for free, without the inclusion of targeted advertising.

Meta's fee-based privacy model, facing opposition from the EU's privacy watchdog, prompts criticism for requiring users to pay for privacy protection, with advocacy groups calling for clarity on the issue.

Meta CEO Mark Zuckerberg cleared of personal liability in child addiction lawsuits. US District Judge dismisses claims, emphasizing the necessity of a "special relationship" for liability. Meta remains liable, and lawsuits are ongoing.

LinkedIn, in a bid to rival TikTok and Instagram in influencer marketing, has launched "Thought Leader ads," allowing advertisers to promote posts from independent creators.

Meta Platforms Inc. refutes the FTC antitrust lawsuit, arguing that consumers benefit from the acquisition of Instagram and WhatsApp, challenging FTC's narrow market definition.

In May 2024, Meta plans to add the phrase "Made with AI" to content generated or manipulated by AI, citing transparency and the desire to prevent needless limitations on free speech.

Users have reported "racism" in Meta's AI image generator, which fails to depict interracial couples despite Mark Zuckerberg's marriage to an Asian woman.

Recently revealed court documents claim that Meta had a covert operation called 'Project Ghostbusters' aimed at spying on Snapchat.