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The Latest Breaking News from Meta

Meta faces record-breaking fine after being accused of breaking EU rules

Fine for Facebook owner would smash previous European Union record of 4.125 billion euros

The Independent UK

EU Accuses Meta of Antitrust Breaches with Classified Ads

The European Union on Monday accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the bloc’s latest maneuver to curb the power of Big Tech companies. In its complaint following an investigation launched last year, the EU’s executive commission took issue with…

Asharq Al-Awsat

EU accuses Meta of antitrust breaches with classified ads

The European Union has accused Facebook parent Meta of breaching the bloc’s antitrust rules by distorting competition in the online classified ads business

The Independent UK

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Commentary: Unions in big tech are essential

The past six months have been brutal for tech workers across the industry. Tens of thousands of our colleagues at Twitter, Meta, Amazon and other companies have been stripped of their livelihoods. Those who remain are subject to an increased pressure to deliver with fewer teammates to help do the…

Tribune News Service

Tech titan John Carmack leaves Meta as doubts swirl about Mark Zuckerberg’s metaverse push

Comments like "we constantly self-sabotage and squander effort" in his exit letter will do little to reassure nervous Meta investors.

Fortune

A $1.6 billion lawsuit alleges Facebook's inaction fueled violence in Ethiopia

One of the plaintiffs says he contacted Facebook several times about posts threatening violence against his father, who was murdered by members of a militant group.

WEKU

Silicon Valley’s economy trampled Austin, Seattle by billions of dollars during COVID’s first two years

Silicon Valley as an economic juggernaut has reigned supreme throughout the pandemic compared to its rivals in the Sunbelt and Pacific Northwest, newly released numbers show.

Tribune News Service

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Why Washington will become the epicenter of Big Tech in 2023

All three branches of government are poised to exert influence over the tech industry next year.

Fortune

FTC didn't stop Facebook-Instagram. How about Meta-Within?

Facebook parent Meta is sparring with the FTC over its pending acquisition of a virtual reality fitness company Within Unlimited in federal court in San Jose, California, where CEO Mark Zuckerberg is expected to testify as a witness

The Independent UK

Google Rivals Join Forces in Online Maps

Google rivals on Thursday unveiled a project to make freely available data sets for map features to be built into online offerings. Alphabet-owned Google dominates online mapping, selling its services to other companies or platforms and using location and navigation capabilities to enhance its other offerings, including online advertising, AFP…

Asharq Al-Awsat

Parents of teen who died by suicide sue Meta over simulated hanging video they say she copied

The simulated hanging video circulated for more than a year after the girl’s death

The Independent UK

Morgan Stanley’s chief investment officer says inflation has peaked, but next year will still be rough for stocks

Stock prices could tumble in 2023 because of poor earnings, Morgan Stanley's Mike Wilson said.

Fortune

These 5 tech winners shined through the doom and gloom of 2022

In a year marked by cutbacks and chaos, a handful of victors showed some mettle and emerged on strong footing.

Fortune

Lush co-founder Rowena Bird wants a social media revolution

One year into the brand's anti-social media policy, she says not enough has changed.

Mic

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WEKU

AI-generated fake faces have become a hallmark of online influence operations

As artificial intelligence becomes more widely available, bad actors are turning to computer-generated faces in their attempts to manipulate social media networks.

Fortune

The FTC's cases against Meta are chasing Facebook's ghost

No longer an anticompetitive behemoth, Meta is in a dogfight for survival, argues Adam Kovacevich from tech industry coalition Chamber of Progress.

Evening Standard

Your Instagram friends can now help you regain access to a locked account

Two of your close friends will be need to confirm your identity within 24 hours for the method to work

The Guardian - UK

Meta warns spyware still being used to target people on social media

Facebook owner says companies are adapting and changing tactics in face of efforts to shut down activities

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The Conversation

What social media regulation could look like: Think of pipelines, not utilities

Elon Musk’s takeover of Twitter, and his controversial statements and decisions as its owner, have fueled a new wave of calls for regulating social media companies. Elected officials and policy scholars have argued for years that companies like Twitter and Facebook – now Meta – have immense power over public…

Al Jazeera

Australia accuses Apple, Microsoft of overlooking child sex abuse

Internet safety watchdog says tech giants should automatically scan for child exploitation material on their services.

The Guardian - UK

Meta faces $1.6bn lawsuit over Facebook posts inciting violence in Tigray war

Legal action backed by Amnesty alleges hateful posts inflaming war in northern Ethiopia were allowed to flourish on platform

Fortune

Even in a brutal year for tech, these 5 companies, collectives, and chiefs flopped the hardest

FTX’s venture capital patrons, a former social media executive, and a onetime pandemic darling all fell on their face in 2022.

The Conversation

How Ireland's 'great reshuffle' could benefit women and older workers

Recent global tech sector layoffs have hit Ireland’s workforce hard. Prior to these job cuts, the Irish digital sector directly employed more than 270,000 people, as well as creating many more ancillary jobs.

Axios

2022 was tech's year of big endings

From social media to the long bull market and from the techlash to the crypto bust, this year was full of finales.

Tribune News Service

Lawmakers will face familiar technology issues next Congress

WASHINGTON — The 118th Congress will face some long-standing policy challenges as well as a few new ones but may not get to the finish line on any of them — even the federal data privacy bill that has bipartisan backing in both chambers.

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