Meta sells Giphy at a significant loss after UK breakup order
Stock-photo website Shutterstock on Tuesday said it will acquire Giphy and its online repository of animated images for $53 million, after UK antitrust regulators forced Meta to spin off the company last year.
2023-05-23 23:15
How Meta got caught in tensions between the US and EU
Facebook-parent Meta has perhaps become the most high-profile casualty of a long-running privacy dispute between Europe and the United States — but it may not be the last.
2023-05-23 19:23
How Fake AI Photo of a Pentagon Blast Went Viral and Briefly Spooked Stocks
A falsified photograph of an explosion near the Pentagon spread widely on social media Monday morning, briefly sending
2023-05-23 05:26
Meta hit with record $1.3 billion fine over data transfers
By Padraic Halpin DUBLIN (Reuters) -Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead
2023-05-22 18:57
Meta slapped with record $1.3 billion EU data privacy fine
Meta has been fined a record-breaking €1.2 billion ($1.3 billion) by European regulators for transferring data belonging to Facebook's EU users to servers in the United States.
2023-05-22 17:47
Meta Fined Record €1.2 Billion in EU Over US Data Transfers
Facebook owner Meta Platforms Inc. was hit by a record €1.2 billion ($1.3 billion) European Union privacy fine
2023-05-22 17:20
Instagram Suffers Brief Outage Affecting Hundred of Thousands
Instagram, the popular photo-sharing app owned by Meta Platforms Inc., appeared to suffer an outage Sunday evening in
2023-05-22 08:58
Mark Zuckerberg's Fortune Grew $44 Billion This Year, Most Among Billionaires
Mark Zuckerberg was all-in on the metaverse last year, willing to spend whatever it took to dominate virtual
2023-05-20 04:59
Pokemon Go Creator Niantic Suffers Metaverse Woes
Just a few years ago, tech evangelists were hailing Niantic Inc., the maker of the hit game Pokémon
2023-05-19 20:16
The Supreme Court Just Handed Google and Twitter a New Line of Defense
The US Supreme Court handed social media companies a new line of defense as they face an increasing
2023-05-19 04:48
Meta’s Pricey Bet on AI Comes With New Custom Chips, Coder Tools
In Meta Platforms Inc.’s year of cost cutting and layoffs, there’s one area that’s seeing record spending: an
2023-05-19 00:29
Supreme Court Leaves Intact Social Media Liability Shield in Win for Google, Twitter
The US Supreme Court left in place a broad liability shield for social media companies for content posted
2023-05-18 22:48