META Forex News
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...
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120 days ago
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.
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185 days ago
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.
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224 days ago
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.
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276 days ago
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.
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343 days ago
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.
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378 days ago
Meta To Keep Political Advertisers Away From Generative AI Ads Tools
Meta Platforms Inc., the owner of social media apps Facebook and Instagram, decided to bar political campaigns and advertisers in regulated industries from using its new generative artificial intelligence or AI-based advertising products. With this move, Meta aims to prevent the possible misuse of AI-based tools and the spread of election misinformation.
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415 days ago
Meta, OpenAI Sued For Alleged Copyright Infringement
AI chatbot creators Meta Platforms and OpenAI have been sued by comedian Sarah Silverman and two authors alleging copyright infringement for use of their content without permission to train artificial intelligence language model. In the proposed class action lawsuits filed in San Francisco federal court, Silverman, Richard Kadrey and Christopher Golden allege the companies used information from...
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535 days ago
Facebook Parent Meta Reportedly To Cut Thousands More Jobs
Meta Platforms Inc., the owner of Facebook and Instagram, is planning to cut thousands of more employees as soon as this week in a fresh round of layoffs, Bloomberg reported citing people familiar with the matter. The report said the company is planning to offer buyout packages to managers and cutting whole teams it considered nonessential. Directors and vice presidents were asked to make lists...
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660 days ago
Meta Gets €390 Mln Fine For Data Breaches
Facebook and Instagram parent Meta Platforms has been fined 390 million euros or around $414 million by a major European regulator for breaking EU data rules over ads. The Irish Data Protection Commission or DPC fined Meta Ireland noting that its policy of using private user data to personalize ads on Facebook and Instagram violated new data protection laws.
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721 days ago
