Meta Platforms Partners Silicon Ranch For Seven New Solar Projects In Georgia And Tennessee

Meta Hikes Executive Bonuses To 200% Of Salaries, Excluding CEO

Meta Platforms, Inc. announced the approval of a hefty increase in bonuses of its select executive officers under the new executive bonus plan, excluding Chief Executive Officer Mark Zuckerberg. The news comes close on the heels of the tech major's recent announcement of significant growth in its fourth-quarter results and positive outlook, as well as the layoff of 5% of its overall workforce.

RTTNews | 66 일 전

Meta's Revised Pay-or-Consent Policy Faces Criticism From EU Consumer Group

The European Consumer Organisation or BEUC, a consumer advocacy group, has urged The European Union authorities to intervene against Meta Platforms. BEUC argues that Meta's revised pay-or-consent policy breaches EU law. In a statement, BEUC said the new version of Meta's pay-or-consent policy fails to address the fundamental concerns raised by consumer groups regarding the tech giant's initial

RTTNews | 95 일 전

Meta To Shut Down Augmented Reality Studio Meta Spark

Meta Platforms Inc. announced its decision to shut down augmented reality or AR studio Meta Spark platform, effective January 14, 2025. According to the social media giant, the decision to shut down Meta Spark's platform of third party tools and content is part of its larger efforts to prioritize investments in other areas and products. However, the first-party AR effects that are created...

RTTNews | 243 일 전

Apple, Meta Held Talks For Potential AI Partnership: WSJ Reports

Apple Inc. has discussed with Meta Platforms about potentially integrating the Facebook parent's generative AI model into Apple Intelligence, the Wall Street Journal reported citing people familiar with the matter. Apple Intelligence, the tech major's AI system for iPhones and other devices, was introduced at its annual developers conference in early June.

RTTNews | 308 일 전

EU Probes Meta Over Child Safety Concerns On Facebook And Instagram

The European Commission announced that it has opened formal proceedings against Meta Platforms to assess whether the owner of Facebook and Instagram may have breached the Digital Services Act or DSA in areas linked to the protection of minors. On the Nasdaq Stock Exchange, Meta shares were losing around 1.1 percent.

RTTNews | 347 일 전

EU Opens Non-compliance Probe Against Alphabet, Apple And Meta Under Digital Markets Act

The European Commission said Monday it has opened non-compliance investigations against Google parent Alphabet, Inc. (GOOG), Apple Corp. (AAPL) and Facebook parent Meta Platforms, Inc. (META) under the Digital Markets Act. The Commission intends to conclude the proceedings opened today within 12 months.

RTTNews | 399 일 전

Sheryl Sandberg To Leave Meta Board

Sheryl Sandberg, former Chief Operating Officer of Facebook parent Meta Platforms, Inc., announced her decision to leave the tech major's Board of Directors after being 12 years in the post. In a Facebook post on Wednesday, Sandberg, 54, said she will not stand for re-election to the Board after her term ends in May. Going forward, she plans to serve as an advisor to the company.

RTTNews | 466 일 전

Meta Rolls Out Threads In The EU

Meta CEO Mark Zuckerberg announced Thursday the launch of social media app Threads in the European Union, just over five months after its launch in other parts of the world, including the United States. "Today we're opening Threads to more countries in Europe. Welcome everyone," Zuckerberg wrote in a Threads post.

RTTNews | 501 일 전

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Meta Platforms Partners Silicon Ranch For Seven New Solar Projects In Georgia And Tennessee