Facebook owner Meta touts AI might as digital ads boost outlook April 27, 2023 Meta Platforms CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. Meta shares surged 12 per cent in after hours trading, adding over $50bn (£40.06bn) to its market value and continuing a rally [...]
Meta urged to press paws on pet fraud as dog ads drive Facebook scam surge July 3, 2023 Fraudsters on Meta-owned platforms are increasingly taking advantage of British animal lovers, new data shows. According to research from Lloyds, pet scams were up 24 per cent compared to last year with the average victim losing £307. Dogs were the most common pet used to scam unsuspecting Brits out of their money with Yorkshire Terriers [...]
Meta pumped cash into a futuristic vision, but they didn’t prepare for a recession January 12, 2023 The challenge Meta faces is different from that of other companies like Google and Microsoft, because Mark Zuckerberg did nothing to future-proof his company in the event of a recession, writes Howard Yu Meta suffered another blow last week, as the European Union ruled their ad practices in Ireland illegal. The decision resulted in a [...]
The Musk effect: Meta testing Facebook and Instagram subscription service for £10 a month February 20, 2023 Meta is testing a new subscription service that would let Facebook and Instagram users pay for a verified account – taking a page out of Elon Musk and Twitter’s book. Meta CEO Mark Zuckerberg announced Meta Verified on his social media accounts on Sunday. Testing will begin in New Zealand and Australia this week and will roll [...]
Facebook owner Meta sued for selling personal data for ads November 21, 2022 Facebook owner Meta has been sued in the high court after claims that it disregarded the right to object against the collection of personal data to sell to advertisers. Human rights advocate Tanya O’Carroll alleges that the Silicon Valley giant has breached UK data laws by failing to respect her right to demand that it [...]
Meta gears up for more job cuts as staff complain of ‘lack of clarity’ February 12, 2023 Meta employees have complained about a "lack of clarity" around budgets at the social media giant as the firm readies for another round of job cuts, according to a report in the Financial Times.
Meta: Why is Facebook, WhatsApp and Instagram owner facing a record fine from the EU? May 22, 2023 Meta will face a record fine over its transfer of European users’ Facebook data to its US server. The fine, according to reports in Sky News, is expected to be handed to the social media giant this morning by Ireland’s Data Protection Commission (DPC), as it orders Meta to stop using “complex legal instruments” to [...]
Child safety campaigners criticise Meta’s end-to-end encryption plans April 7, 2022 Child safety campaigners have criticised Meta’s recent research that makes the case for end-to-end encryption as a positive driver for human rights.
Facebook owner Meta gears up for mass job cuts November 7, 2022 Things seem to go from bad to worse for Meta, with the Facebook owner gearing up to announce mass layoffs this week. Sources told the Wall Street Journal that thousands of jobs are set to be culled, as the firm fends off the wider tech sell-off and slowing advertising spend. Meta declined to comment on [...]
TSB calls on Meta to make ‘urgent’ interventions on fraud or consumers risk losing up to £250m June 14, 2023 TSB Bank has called on Meta to make urgent interventions to protect consumers from spiralling levels of fraud with customers at risk of losing hundreds of millions of pounds. According to current industry projects, consumers could lose up to £250m from Meta platforms in 2023 without action from the tech giant. Earlier this year, TSB [...]