Meta

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Mark Zuckerberg Just Made $27B in a Single Day

Meta's stock soars, even after his public apology

(Newser) - Mark Zuckerberg had to give a remarkable public apology this week over the abuses of social media. Friday's financial news might take some of the sting away: His net worth surged by about $27 billion, reports Bloomberg . The astonishing boost came because Meta's stock price soared after the...

'You Have Blood on Your Hands,' Senator Tells Zuckerberg

Meta CEO apologizes to parents at Senate committee hearing on child safety

(Newser) - The CEOs of five social media companies—Meta, X, Discord, TikTok, and Snap—testified before the Senate Judiciary Committee on efforts to protect children Wednesday, and they did not have a friendly audience. Rolling Stone reports parents holding photos of children who died by suicide "audibly hissed" at Mark...

Sheryl Sandberg Takes Another Step Away From Meta

Board member won't stand for reelection, but will remain a company adviser

(Newser) - Sheryl Sandberg, who helped transform Facebook from a tech startup into a digital advertising empire, will step down from the board of Meta, Facebook's parent company, per the AP . "With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that...

UK Police Investigate Girl's Virtual Rape

Traumatic VR attack and others like it could spawn new laws prohibiting such behavior

(Newser) - Police in the UK have launched what's believed to be the first investigation of an alleged virtual rape. A girl younger than 16 was using a virtual reality (VR) headset when avatars controlled by adult men attacked her avatar, causing what a senior officer describes as "psychological trauma...

Shaun King: I've Been Booted From Instagram Over Palestine

Meta says activist's 'praise for designated entities' violated its policies, leading to ban

(Newser) - Social justice activist Shaun King says he was banned from Instagram, where he counted millions of followers, for expressing support for Palestinians. A Meta rep said King's account was disabled on Christmas Eve "due to multiple instances of praise for designated entities in violation of our policies,"...

Zuckerberg Just Got Hit With Massive Lawsuit

41 states and DC sue Facebook parent company Meta, accuse it of inflicting harm on kids

(Newser) - States are going after Facebook and Instagram in a big way, unleashing a legal assault that accuses the platforms of deliberately trying to makes kids addicted to the sites. In all, 41 states and the District of Columbia sued parent company Meta on Tuesday, in what amounts to "the...

2 Lawmakers to Meta, X: Crack Down on Fake AI Political Ads

As plethora of deepfakes spread, Klobuchar, NY rep ask execs to address 'serious concerns'

(Newser) - Deepfakes generated by artificial intelligence are having their moment this year, at least when it comes to making it look, or sound, like celebrities doing something uncanny. Tom Hanks hawking a dental plan. Pope Francis wearing a stylish puffer jacket. Sen. Rand Paul sitting on the Capitol steps in a...

Meta Slammed for 'Stupid, Dangerous' Canada News Ban

Move has made it harder for people to share information about wildfire evacuations

(Newser) - Meta has banned Canadians from sharing news content on Facebook and Instagram amid an ongoing dispute with the federal government—and experts say that with wildfire evacuations underway, the timing couldn't be worse. Residents of Yellowknife, capital of the Northwest Territories, have been told to get out by noon...

Moderator of Facebook Content: I 'Stood Up and Screamed'

As employees sue, CEO of Sama laments harmful content, wishes she'd never signed a contract

(Newser) - Online content moderation is a stressful job, but someone's got to do it—though now an East African firm is saying it wishes its workers weren't those someones. Per the Guardian , employees are now bringing lawsuits against both outsourcing company Sama and Meta, Facebook's parent, after they...

Meta Results Beat Analysts' Expectations

Company reports strong results as advertising rebounds

(Newser) - Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. The Menlo Park, California-based company earned $7.79 billion, or $2.98 per share, in the April-June period, the AP reports. That's up 16%...

Twitter May Have a Problem With Its Shiny New Logo

Trademark infringement questions arise over news that Meta, Microsoft also have 'X' registered

(Newser) - "X" may not mark the spot after all for Elon Musk in his attempted rebrand of Twitter. Although Musk has officially unveiled the 24th letter of the alphabet as his social media site's new name and identity, Insider reports that rival Meta appears to own the trademark for...

It&#39;s a &#39;5-Alarm Fire&#39; for Tax-Prep Firms
It's a '5-Alarm Fire'
for Tax-Prep Firms
NEW REPORT
Jul 12, 2023 11:40 AM CDT

It's a '5-Alarm Fire' for Tax-Prep Firms

H&R Block, others allegedly shared millions of taxpayers' private info with tech firms

(Newser) - Members of Congress are calling for criminal charges against some of America's largest tax-prep companies for allegedly sharing tens of millions of taxpayers' legally protected data with Google and Meta. As far back as 2011, H&R Block, TaxSlayer, and TaxAct allegedly shared private information entered into its website...

Sarah Silverman Sues ChatGPT Over Copyright

Comedian and two other authors sue creator, as well as Zuckerberg's Meta

(Newser) - Entertainers and creators have already had it with AI. That's at least one takeaway from the news—reported by the Verge —that comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against the creator of ChatGPT as well as Mark Zuckerberg's Meta. Silverman and writers...

Jack Dorsey Has Beef With Meta's Threads

Co-founder complains that Meta just ripped off his creation

(Newser) - There are legions of people bemoaning Mark Zuckerberg's new "Twitter killer" app (and millions of others signing on to it at a dizzying rate ), Threads , and one of them is predictably Jack Dorsey. The co-founder and former CEO of aforementioned Twitter griped about Meta ripping off his...

Threads Is Breaking Download Records

Zuckerberg says new app was downloaded 30M times in first day

(Newser) - "Round one of this thing is off to a good start," Meta CEO Mark Zuckerberg remarked on the company's Threads social network Thursday. He said that, in "as good a start as we could have hoped for," the app, which went live Wednesday night, had...

Twitter Threatens Meta With Lawsuit Over Threads

Rival accuses Zuckerberg of hiring former employees to acquire trade secrets

(Newser) - Twitter has welcomed Threads aboard by threatening to sue its owner, Meta. CEO Mark Zuckerberg received a letter hours after Thread's launch Wednesday accusing the more senior social media platform of "systematic, willful, and unlawful misappropriation of Twitter's trade secrets and other intellectual property," Semafor reports...

Zuckerberg: Apple's Vision of Computing Isn't One I Want

Meta chief isn't impressed with rival's new headset

(Newser) - Meta's Quest and Quest Pro headsets have been the leading goggles for accessing the somewhat moribund metaverse. However, Apple's announcement of its long-awaited entry into the augmented and virtual reality game, the Vision Pro , changed the game immediately—and according to Variety , Meta co-founder Mark Zuckerberg has...

Meta Unloads Giphy, Is Out Hundreds of Millions

Facebook parent sells GIF search engine to Shutterstock for $53M after UK regulators' decision

(Newser) - In 2020, Meta scooped up Giphy, a GIF search engine used by Facebook, Instagram, TikTok, and other platforms, for $400 million. On Tuesday, Facebook's parent company announced it had sold the product to stock image service Shutterstock for a mere $53 million—effectively taking a nearly $350 million loss....

EU's Fine Against Amazon Was Huge. Meta's Is Even Bigger

Facebook parent hit with record $1.3B penalty in longtime privacy case over US cybersnooping fears

(Newser) - The European Union slapped Meta with a record $1.3 billion privacy fine Monday and ordered it to stop transferring user data across the Atlantic by October, the latest salvo in a decade-long case sparked by US cybersnooping fears. The penalty fine of 1.2 billion euros from Ireland's...

An Obituary for Mark Zuckerberg&#39;s Metaverse
The Metaverse
Is Dead, and Meta
May Be Next
OPINION
May 9, 2023 4:24 PM CDT

The Metaverse Is Dead, and Meta May Be Next

Ed Zitron at Business Insider writes a scathing indictment of the CEO's leadership

(Newser) - The Metaverse still exists, but Ed Zitron at Business Insider has written an obituary for Mark Zuckerberg's brainchild. Literally: "The Metaverse, the once-buzzy technology that promised to allow users to hang out awkwardly in a disorientating video-game-like world, has died after being abandoned by the business world,"...

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