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People hate Chronological Feeds
A study has suggested that Facebook users may be more likely to engage with content from like-minded sources on its platform. It said that participants in the treatment group have less total engagement with content from like-minded sources, since they’re by design seeing much less of it, but their rate of engaging is higher than…
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Meta hit with a record-breaking fine over the data transfer on Facebook
The European Union (EU) has fined Facebook-owned data transfer platform Meta for violating privacy rules. The company will be fined 3.5 billion, the maximum allowed under EU’s data protection law. Meta is also required to stop transferring data from Facebook to the US within six months or face up to 2 billion fine. The ruling…
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Utah has startling new rules for kids and social media
Facebook on Monday said it will add more parental control options to its platform to make it easier for parents to manage their children’s use of social media. The options will be available on Facebook’s new privacy and controls page for the platform’s iOS and Android apps. Earlier, Facebook had introduced tools to help parents…
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The Supreme Court will hear oral arguments in the case
Facebook has urged the US Supreme Court to allow for a narrower definition of Section 230 to prevent users from being sued over their online interactions. It said Section 230 should only be used to remove terrorist content and not recommend it to users. A case will be heard on Wednesday in which the Supreme…
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Without censors, you can protect your kids from adult content
Facebook’s parent company Facebook announced that it’s reviewing its policies to ensure that adult content is not accessible to minors. The company added that it’s committed to protecting kids and adults from pornography on Facebook. However, Facebook’s parent company Facebook Holdings said that it’s working with other firms like Twitter to “take steps to improve…
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The Supreme Court is challenging the social media platforms shield
Facebook has asked the US Supreme Court to stay an order by a lower court that had granted immunity to the platform from lawsuits. It had argued that Section 230, which permits courts to dismiss most lawsuits over social media content moderation, was unconstitutional as it exempts websites from the law’s liability for posting or…
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These are the most hottest startups in Europe in the next couple of years.
As many as 10 European cities have become hotbeds of emerging tech startups, a report by PitchBook found. The cities include Dublin, Berlin, Tel Aviv, London, Munich, Paris, Lisbon, Milan, Lisbon, Rome, Madrid and Venice. While Facebook’s market value fell nearly 40% in February, the market value of its parent company Meta suffered the largest…
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It will be a long time until the death of capitalism is slow.
The EU is set to fine Instagram $500 million for allegedly violating the bloc’s new data-collection rules, with Facebook facing a $400 million fine for the same. Instagram was accused of failing to tell users what personal data it collects and how it uses it. It will have to inform users if they want to…
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Silicon Valley’s best minds misread demand. Now their Employees are paying for it.
Facebook has fired around three percent of its hourly employees each week, The New York Times reported citing internal memos obtained by Recode. This comes as tech companies like Amazon and Google are pausing hiring amid Recession fears after a wave of expansion. Facebook CEO Mark Zuckerberg had said that Meta’s layoffs would be spread…
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About 10% of their staff will be cut.
Facebook-parent Meta is planning the first significant layoffs in its history, reported TechCrunch. On a conference call last month, CEO Mark Gandhi said that he expects the company to be roughly the same size as it is today. In the fourth quarter of 2019, the company posted a revenue decline and reported a cut in…
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The Metaverse doesn’t have a fighting chance.
Facebook CEO Mark Zuckerberg, during his keynote speech at Metaverse’s annual convention, said, “The future of meetings, as Meta calls them, is to make collaborators feel equally present in a shared space no matter where they are or what technology they’re using.” He further said, “Instead of looking at a screen, you’re going to be…
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Wall Street’s biggest winners and loser are predicted in the market’s early days.
Apple’s shares are down about 29% for the year, making it the worst performer among the 50 biggest stocks in the S&P 500. Facebook’s stock is down 64% this year as it pursues its virtual reality dreams. Consumer staples posted their best relative performance to the S&P 500 since 2008, up nearly 8%. IBM is…
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The US Supreme Court is not section 230’s Fate.
Facebook’s CEO Mark Zuckerberg has said that social media platforms must have the freedom of expression and the right to moderate its content. Zuckerberg added, “Our platforms are designed to be places where people can express themselves, not…where they’re told what’s ‘wrong’ or ‘inappropriate’ or ‘offensive’ or ‘harmful’ or ‘un-American’.” He further said that platforms…
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Meta will pay $725M to settle a privacy suit.
Facebook has been fined $24.7 million by Washington state over violations of the US state’s campaign transparency laws. This is the largest campaign finance penalty ever issued in the US, Washington state’s Attorney General Bob Ferguson said. He added that Facebook did not follow the state’s election transparency laws. The fine was for 821 violations…
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The Metaverse does not have a leg to stand on.
Facebook CEO Mark Zuckerberg at a virtual reality conference said that he is “not ready” to leave the social media platform. He further said that he has asked Meta’s investors for their advice. “The pressures Meta is facing…in 2022 are acute, significant and not metaverse-related,” said Matthew Ball, an investor and Metaverse expert whose advice…
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The Wall Street Journal is reporting that Meta is planning significant layoffs.
Facebook-parent Meta is planning the first significant layoffs in its history as it struggles with a shrinking business and fears of a looming recession, Entrackr reported. Earlier this month, Meta said its second-quarter revenue declined for the second consecutive quarter. Facebook CEO Mark Zuckerberg had earlier said that the workforce cuts would “affect the whole…
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According to the Wall Street Journal, Meta is planning significant layoffs.
Facebook-parent Meta is planning to fire the first significant layoffs in its history as the company grapples with a shrinking business and fears of a looming recession, The New York Times reported. Last month, the company posted a revenue decline and reported a halving of its profit from the previous year. The drop in profitability…
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Meta is planning significant layoffs, according to the Wall Street Journal.
Following reports that Amazon is planning to reduce its workforce, a spokesperson said, “As part of this year’s review, we’re of course taking into account…macro-environment and considering opportunities to optimise costs.” Last week, Apple CEO Tim Cook had said, “We’ll be taking a look at our spending going forward.” Earlier, Facebook CEO Mark Zuckerberg said…
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The takeover continues, and employees of the micro-Blogging platform are bracing for layoffs today.
Facebook Co-founder Mark Zuckerberg on Thursday tweeted, “I feel like I am the luckiest guy in the world.” He also added, “I’m so excited for Twitter. I’ve been a Twitter fan since I was 14.” He added, “I love Twitter…I have no doubt that Twitter will be the most important social media company in the…