Facebook is rolling out a new initiative aimed at top content creators, offering payments of up to $3,000 per month to influencers who post regularly on the platform. The programme, known as the Content Fast Track, targets creators with large followings on rival platforms such as TikTok, YouTube, and Instagram. Eligible participants must have at…
Meta Plans Sharp Increase In AI Investment, Signals Further Restructuring Meta Platforms is preparing to significantly raise its spending on artificial intelligence this year, nearly doubling its investment despite growing warnings from industry leaders about a potential AI bubble. Speaking during an earnings call on Wednesday, Meta chief executive Mark Zuckerberg said the Facebook and…
Meta Platforms is preparing to trial paid subscription options across Instagram, Facebook and WhatsApp, marking its latest push to expand revenue beyond advertising. The technology company said the proposed subscriptions, expected to roll out for testing in the coming months, would offer users access to additional features, including enhanced artificial intelligence tools. Core functions of…
Meta has begun removing Australian users under the age of 16 from Instagram, Facebook and Threads, days before the country’s groundbreaking social media age ban takes effect. The tech company started notifying affected users last month, warning that accounts belonging to 13- to 15-year-olds would be deactivated from 4 December. Government estimates suggest around 150,000…
Meta will soon begin offering Facebook and Instagram users in the UK the option to pay for an ad-free experience, marking a significant shift in how the social media giant operates in the country. The company confirmed on Friday that UK users will be notified in the coming weeks of the new subscription option, which…
Meta CEO Mark Zuckerberg and other top executives have reached a settlement with shareholders over a high-profile lawsuit linked to Facebook’s repeated privacy breaches, including the infamous Cambridge Analytica scandal. The lawsuit, which sought over $8 billion in damages, was settled on Thursday just before the trial was set to resume in a Delaware court….
Social media giant Meta is considering halting its operations in Nigeria after being hit with nearly $300 million in fines by multiple regulatory bodies in the country. The penalties stem from allegations of regulatory violations, including issues related to consumer protection, advertising compliance, and data privacy. Meta has described the fines as “unrealistic” and warned…
Meta has announced that it is close to resolving a significant technical issue causing widespread outages on its platforms, including Facebook, Instagram, and WhatsApp. The company acknowledged the disruption on Wednesday, stating, “We’re aware that a technical issue is impacting some users’ ability to access our apps. We’re working to get things back to normal…
The European Union has initiated a formal investigation into Meta, the parent company of Facebook and Instagram, over concerns that its platforms may be too addictive for children and fail to provide adequate protection. This move underscores the growing regulatory focus on the potential harms of social media on young users. The European Commission, the…
Meta, the parent company of Facebook and Instagram, has taken action to remove the social media accounts belonging to Iran’s Supreme Leader, Ayatollah Ali Khamenei. The decision to disable Khamenei’s accounts comes after Meta cited repeated violations of its Dangerous Organizations & Individuals policy. According to Meta, this policy prohibits the presence of organizations or…
Meta, the parent company of Facebook and Instagram, has announced plans to introduce technology capable of detecting and labelling images generated by external artificial intelligence (AI) tools on its platforms. Currently, Meta already labels AI-generated images produced by its own systems, but this new initiative aims to extend this labelling to images generated by other…
An ex-employee of Facebook, now Meta, has entered a guilty plea after being accused of stealing over $4 million from the social media giant. Barbara Furlow-Smiles, formerly the lead strategist and global head of employee resource groups and diversity engagement, admitted to fraudulent activities during her tenure from January 2017 to September 2021. The guilty…
The clock is ticking for all individuals who have held a Facebook account in the United States over the past 16 years. With approximately one week left, the opportunity to seek compensation in a significant data privacy settlement case is rapidly drawing to a close. In a notable resolution, Meta, the parent company of Facebook,…
In response to the increasing demand for transparency in artificial intelligence, Meta has unveiled a range of tools and information designed to help users understand how AI influences the content they see on its apps. The social media giant has introduced nearly two dozen explainers that focus on various features of its platforms, including Instagram…
Fool.com contributor and finance professor Parkev Tatevosian compares Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Meta Platforms (NASDAQ: META) to determine which growth stock is better for long-term investors. This video was originally published on the Parkev Tatevosian, CFA YouTube channel
Meta, which owns Facebook, Instagram and WhatsApp, has announced plans to cut 10,000 jobs. As reported on BBC, this marks the second wave of mass redundancies from the tech giant, which laid off 11,000 employees last November. Meta chief executive Mark Zuckerberg said the cuts – part of a “year of efficiency” – would be…
Meta is testing a subscription service which will allow Instagram and Facebook users to pay to get verified, Mark Zuckerberg announced on Instagram. “Meta Verified” will start at $11.99 a month on the web or $14.99 a month on iOS, and the company will begin releasing it in Australia and New Zealand this week and…
While people around the globe were watching a thrilling FIFA World Cup final, Twitter decided to drop a bombshell and banned links promoting other social networks. The list currently includes Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr, and Post. Plus, link-in-bio tools like Linktree and Lnk.Bio are also banned — these services are commonly used…
Meta, which owns Facebook, Instagram and WhatsApp, has announced that it will cut 13% of its workforce. As reported by BBC, the first mass lay-offs in the firm’s history will result in 11,000 employees, from a worldwide headcount of 87,000, losing their jobs. Meta chief executive Mark Zuckerberg said the cuts were “the most difficult…
