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Meta Fined $843 Million 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.
24m
Microsoft’s top AI customers include Adobe and Meta
The software giant has a running list of what it considers its top 10 customers for Azure OpenAI, and I’m told Adobe and Meta ...
11h
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 ...
6h
How The Meta-Reuters Deal Signals A New Era For AI And Media
This year has increasingly polarized the media industry into two camps — the AI bedfellows and adversaries — shaped by the ...
3h
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 ...
13h
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 ...
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.
18h
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 ...
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