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Meta fined €798m by EU
EU Fines Meta $840 Million Over Classified Ads Business
An EU commission alleged that Meta leveraged its dominance in social networking to gain an unfair advantage in online classified ads.
Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly
Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.
Meta must face antitrust trial by FTC
Meta Must Face Trial After Judge Pares Some FTC Claims
Meta
Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal judge threw out some allegations by the US Federal Trade Commission, but the heart of the case remains. In a 92-page order ...
Meta will go to trial over WhatsApp and Instagram acquisitions
Facebook owner Meta Platforms must face trial in a lawsuit seeking its break up over claims it bought Instagram and WhatsApp to squash competition
Meta ordered to face FTC’s antitrust lawsuit over Instagram, WhatsApp acquisitions
A judge largely denied Meta's motion to end the case filed against Facebook in 2020 alleging that the company acted illegally to maintain its social network monopoly.
32m
on MSN
Casey Affleck Says Meta’s New AI Tool Will Help Filmmakers Without Access to ‘Studio Heads and All of Their Big Budgets’
Blumhouse partnered with Facebook-owner Meta last month to get three filmmakers to test out the tech giant’s new AI tool Meta ...
9h
on MSN
Meta to Appeal Orders Letting Schools, States Sue Over Addiction
Meta Platforms Inc. said it intends to appeal court rulings allowing dozens of states and hundreds of school districts across ...
1d
AI Powers Meta’s Strong Q3 Growth: Profits Soar
Ad revenue reached $39.9 billion, increasing 19% YoY, boosted by AI-driven ad targeting and improved ad impressions.
9h
Latest Meta Quest 3 YouTube app update finally adds an essential VR social feature
VR gaming, like gaming in general, is always more fun with friends. Hopping into Just Dance VR is fine, but taking it on in a ...
16h
on MSN
ValueAct's top Q3 trades feature new Meta, Visa stakes, KKR, Spotify exits
ValueAct Holdings opened fresh equity stakes in Live Nation Entertainment (NYSE:LYV), with 1.01M shares, Visa (NYSE:V), with ...
48m
Odyssey Raises $18 Million To Scan The World, Meta’s Ray Bans May Be Gift Of The Year
The addition of AI to Meta's Ray Ban audio smartglasswes is going to make the stylish new edition the Christmas gift of the ...
10h
WhatsApp 'message drafts' are the missing piece Meta is finally rolling out
According to a press release, the company is launching "Message Drafts" for the WhatsApp platform. Meta's CEO Mark Zuckerberg ...
17h
on MSN
Meta Platforms Inc. stock underperforms Thursday when compared to competitors
Shares of Meta Platforms Inc. dropped 0.49% to $577.16 Thursday, on what proved to be an all-around poor trading session for ...
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