VENTURE CAPITAL POST

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.

The EU probes tech giants Apple, Google, and Meta under Digital Markets Act for potential violations to curb market dominance. Apple recently fined $2B.

Elon Musk has made a bold claim that artificial intelligence (AI) may be smarter than all humans combined by 2029.

U.S. prosecutors in Virginia are investigating Meta over alleged illegal drug trade involvement, with subpoenas targeting records related to drug activities on Meta's platforms.

Unlike Biden, Trump opposes the TikTok ban for fear of giving Meta's Facebook platform more power after highlighting it as a major player in politics.

Meta might be penalized by South Korea's antitrust office for allegedly failing to protect local consumers on its Facebook and Instagram marketplaces against fraudulent transactions.

Reports from journalists and social media users allege that social media firms like Meta shadowbans Palestinian content, suppressing fair reporting on the ground.

Meta is developing an AI system to power its video recommendation engine across all its platforms, including Facebook.

Meta's stock price also saw a 1.6% decline after a "technical issue" on Tuesday morning, affecting users for 2 hours.