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Meta Will Face Antitrust Trial Over Instagram, WhatsApp Acquisitions
Meta will be facing a trial in a US Federal Trade Commission lawsuit seeking its break-up over claims that it bought Instagram and WhatsApp to crush emerging competition in social media.
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Australia Plans Social Media Minimum Age Limit, Angering Youth Digital Advocates
Australia is mulling about setting a minimum age limit for children around the usage of social media. Prime Minister Anthony Albanese said his centre-left government would run an age verification trial before introducing age minimum laws for social media this year.
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Meta, X And TikTok CEOs To Face US Senate Questioning Over Child Safety
Meta CEO Mark Zuckerberg and the chief executives of X, TikTok, Discord and Snap face a grilling by US lawmakers on Wednesday over the dangers that social media platforms bring to children and teens.
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Meta, Sued By US Startup For "Stealing" Its Trade Secrets, To Face Trial
Meta will have to face a trial over accusations that it took Neural Magic's algorithms that enable AI systems to process information more quickly, the court said.
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Meta Gets Nod to Buy VR Content Maker Within Unlimited as FTC's Request Gets Denied
Meta may not go ahead in its deal to buy virtual reality content maker Within Unlimited as a judge on Friday released a ruling denying the Federal Trade Commission's request to stop the acquisition. The regulator had concerns that the deal would reduce competition in a new market. A December trial to decide if Meta could go forward with the relativ...
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Meta Seeks Secret Information From Rivals, Over 100 Firms Subpoenaed in FTC Lawsuit
Meta reportedly subpoenaed 132 companies, including social media firms and rivals like Snap, TikTok, Pinterest, LinkedIn, and Clubhouse. The Facebook parent company is looking for details from its rivals to fight a 2020 US Federal Trade Commission lawsuit alleging that it monopolised the social media market after it acquired messaging app WhatsApp ...
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Meta Loses $2.8 Billion on Metaverse Division Despite the Mammoth Re-Branding Step
In Meta’s Q2 earnings call, its chief Mark Zuckerberg announced that the company’s metaverse-focussed ‘Facebook Reality Labs’ division has reported losses of a whopping $2.81 billion (roughly Rs. 22,410 crore). Despite the financial setback, Zuckerberg has exuded confidence that in the coming years, all the trials and errors that are costin...
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Meta Will Face Antitrust Trial Over Instagram, WhatsApp Acquisitions
Meta will be facing a trial in a US Federal Trade Commission lawsuit seeking its break-up over claims that it bought Instagram and WhatsApp to crush emerging competition in social media.
-
Australia Plans Social Media Minimum Age Limit, Angering Youth Digital Advocates
Australia is mulling about setting a minimum age limit for children around the usage of social media. Prime Minister Anthony Albanese said his centre-left government would run an age verification trial before introducing age minimum laws for social media this year.
-
Meta, X And TikTok CEOs To Face US Senate Questioning Over Child Safety
Meta CEO Mark Zuckerberg and the chief executives of X, TikTok, Discord and Snap face a grilling by US lawmakers on Wednesday over the dangers that social media platforms bring to children and teens.
-
Meta, Sued By US Startup For "Stealing" Its Trade Secrets, To Face Trial
Meta will have to face a trial over accusations that it took Neural Magic's algorithms that enable AI systems to process information more quickly, the court said.
-
Meta Gets Nod to Buy VR Content Maker Within Unlimited as FTC's Request Gets Denied
Meta may not go ahead in its deal to buy virtual reality content maker Within Unlimited as a judge on Friday released a ruling denying the Federal Trade Commission's request to stop the acquisition. The regulator had concerns that the deal would reduce competition in a new market. A December trial to decide if Meta could go forward with the relativ...
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Meta Seeks Secret Information From Rivals, Over 100 Firms Subpoenaed in FTC Lawsuit
Meta reportedly subpoenaed 132 companies, including social media firms and rivals like Snap, TikTok, Pinterest, LinkedIn, and Clubhouse. The Facebook parent company is looking for details from its rivals to fight a 2020 US Federal Trade Commission lawsuit alleging that it monopolised the social media market after it acquired messaging app WhatsApp ...
-
Meta Loses $2.8 Billion on Metaverse Division Despite the Mammoth Re-Branding Step
In Meta’s Q2 earnings call, its chief Mark Zuckerberg announced that the company’s metaverse-focussed ‘Facebook Reality Labs’ division has reported losses of a whopping $2.81 billion (roughly Rs. 22,410 crore). Despite the financial setback, Zuckerberg has exuded confidence that in the coming years, all the trials and errors that are costin...
