#Meta shares soar on increase in Facebook daily users

#Meta shares soar on increase in Facebook daily users

“Meta shares soar on increase in Facebook daily users” Facebook parent Meta’s first quarter profit and its count of daily users jumped past Wall Street’s expectations despite the company’s slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours trading. Meta cut a sharp contrast with Google parent Alphabet, which…

Read More
#Facebook ‘open borders’ leads to massive data leaks: report

#Facebook ‘open borders’ leads to massive data leaks: report

“Facebook ‘open borders’ leads to massive data leaks: report” Facebook has failed to safeguard users’ personal data to the point where the company doesn’t know what happens to it or where it ends up, the firm’s software engineers have warned. The news site Motherboard obtained leaked documents indicating that senior software engineers warned the company…

Read More
#Mark Zuckerberg’s metaverse mission leaving some frustrated

#Mark Zuckerberg’s metaverse mission leaving some frustrated

“Mark Zuckerberg’s metaverse mission leaving some frustrated” Mark Zuckerberg’s fixation on transforming the company formerly known as Facebook into a metaverse pioneer has reportedly irked some employees — with workers left frustrated and unclear about their daily responsibilities. Zuckerberg directed a companywide shift toward the metaverse last fall — going as far as to rebrand…

Read More
#EU set to unveil rules forcing Big Tech to protect users

#EU set to unveil rules forcing Big Tech to protect users

“EU set to unveil rules forcing Big Tech to protect users” The European Union is nearing agreement on a set of new rules aimed at protecting internet users by forcing big tech companies like Google and Facebook to step up their efforts to curb the spread of illegal content, hate speech and disinformation. EU officials were negotiating…

Read More
#Sheryl Sandberg pressured Daily Mail to spike stories about Bobby Kotick: report

#Sheryl Sandberg pressured Daily Mail to spike stories about Bobby Kotick: report

“Sheryl Sandberg pressured Daily Mail to spike stories about Bobby Kotick: report” Sheryl Sandberg, Facebook parent Meta’s second-highest ranked executive, twice pressured the Daily Mail to kill potentially damaging stories about her then-boyfriend, Activision CEO Bobby Kotick, according to a report Thursday. The bombshell report alleges Sandberg contacted the British tabloid in 2016 and 2019….

Read More
#Mark Zuckerberg, ABC’s George Stephanopoulos among latest Russia sanction targets

#Mark Zuckerberg, ABC’s George Stephanopoulos among latest Russia sanction targets

“Mark Zuckerberg, ABC’s George Stephanopoulos among latest Russia sanction targets” Meta CEO Mark Zuckerberg, LinkedIn CEO Ryan Roslansky and Bank of America CEO Brian Moynihan headlined a list of US business luminaries sanctioned by Russia on Thursday – the latest round of escalating tit-for-tat penalties levied following the invasion of Ukraine. Prominent journalists were included…

Read More