The European Commission alleged that Meta violated digital laws under the Digital Markets Act (DMA) with its subscription-based ad-free model, and $13.5 billion in fines could be imposed.
Tags: Meta
Meta's Stock Rises After Better-Than-Expected Q2 Earnings
Shares of the big tech company Meta jumped by about 7% in extended trading on July 31 after exceeding Wall Street expectations on revenue and profit for the second quarter of 2024.
Meta Agrees to $1.4 Billion Settlement With Texas Over Facebook Images, Privacy Violations
The lawsuit accused Meta of illegally collecting the biometric information of millions of Texans without consent.
Mark Zuckerberg’s Meta Reality Labs Loses $45 Billion in 4 Years As AR/VR Falls Short
Meta’s Reality Labs has reported $45 billion in losses over the past four years due to chaotic management and frequent leadership changes. Further losses are expected as the division struggles in a competitive AR and VR market.
OpenAI Launches ‘GPT-4o Mini’ Ahead of Meta’s Llama 3 Release, New Model 60% Cheaper
The new mini-model is an offshoot of GPT-4o, the company's fastest and most powerful AI model to date. Learn the features of this new model here.
Latest News
A recent US appeals court decision revived a class action lawsuit against Meta Platforms, alleging discrimination in hiring practices favoring lower-wage foreign workers over US citizens.
Seven West Media, one of Australia’s top media networks, announced that it would be laying off 150 of its staff due to weak advertising and as a way of preparing for the end of its commercial deal with social media giant Meta.
Apple and Meta are in talks to integrate Meta's generative AI into Apple's AI system for iPhones, with Apple also exploring partnerships with other AI firms. However, the deals are not yet finalized.
News that Instagram often suggests explicit content to underage accounts was denied by Meta, saying it doesn't reflect the reality.
Meta Platforms has postponed the European launch of its AI models after the Irish privacy regulator advised against using data from Facebook and Instagram users.
The Norwegian Consumer Council has filed a complaint against Meta over its plans to use the images and posts of users on Facebook and Instagram to train artificial intelligence (AI) models.
According to a March Pew Research study of 10,000 American adults, TikTok was least likely to influence news stories through algorithmic recommendations or content moderation than Facebook, Instagram, and X.
Meta said it wants to use European data for AI training while facing privacy concerns from European countries. Can it be allowed to do so?
Meta has launched its first AI-driven ad targeting program for WhatsApp, marking a significant shift for the privacy-focused messaging app as announced by CEO Mark Zuckerberg at a conference in Brazil.
