Competition watchdog orders Facebook owner Meta to sell Giphy October 18, 2022 The competition watchdog told Facebook’s parent firm Meta this afternoon that it would need to dump Giphy, marking the first time the regulator has blocked a deal struck by a Big Tech firm. In its “final decision”, the Competition and Markets Authority (CMA) ruled that the combination of the two companies would allow Meta to [...]
Meta turns to paid-for verification as data reveals privacy concerns among UK users February 20, 2023 Facebook and Instagram owner Meta will soon role out a paid-for verification model, copying a similar move by rival social media platform Twitter. In a bid to claw back credibility, Meta chief executive Mark Zuckerberg revealed he was launching a new subscription service, which promised more personal security for users, for between £10-12.50 a month. [...]
Meta under fire may face £10m fine from EU December 20, 2022 Meta, Facebook’s parent company has been accused of flouting competition rules by an EU commission. If the charges are proven, they may face a penalty of up to £10m. Meta is likely in breach of the European Union’s anti-trust regulations. The EU’s preliminary review has found that Meta has tied access to the social media [...]
Facebook and WhatsApp owner Meta cuts 11,000 jobs November 9, 2022 Over 600 UK Meta employees could lose their jobs as the owner of Facebook launches its biggest job cull in history, cutting 11,000 jobs worldwide. In a note published this morning, chief exec Mark Zuckerberg said he would be reducing the global headcount by 13 per cent, regarding it as “some of the most difficult [...]
Report flags Meta content moderation concerns in Israel and Palestine September 22, 2022 A NEW report commissioned by Meta has found that content inciting hatred and violence against parties to the May 2021 conflict between Israel and the Hamas regime was not adequately removed by Facebook and Instagram.
Sound Of The Underground review: Travis Alabanza’s Royal Court drag play is a meta triumph January 26, 2023 Sound of the Underground review and star rating: ★★★★☆ “The drag brunches are very heavy.” It’s one of the drag confessions in Sound Of The Underground, Travis Alabanza’s Royal Court play, a provocative, emotional testament to the artform. Performed in a non-queer space to largely wealthy West London audiences, Alabanza understands the power of this [...]
Meta struggles: Facebook, Instagram and WhatsApp owner’s profits halved October 27, 2022 Owner of Facebook, Instagram and WhatsApp, Meta, reported a fall in its revenue for the third quarter driven by plummeting ad revenue. The social media giant’s intake was four per cent down on last year’s third quarter, from £29bn to £27bn, while its costs and expenses were up almost 20 per cent. Income was down [...]
Mass layoffs at Meta: Is Facebook’s ‘absolute monarch’ Mark Zuckerberg finally listening? November 8, 2022 Facebook-owner Meta did not do well with investors during and after the latest earnings releases. Large institutional investors concluded that founder Mark Zuckerberg is not listening to investor concerns over capital expenditure plans for next year and ballooning operating expenses. But the Wall Street Journal is writing that Meta is now planning a large layoff [...]
Make Meta Trump Again: Former President invited back on to Facebook – but firm promises ‘guardrails’ January 25, 2023 Former US President Donald Trump has had his suspension from Facebook lifted – but he’ll be subject to new ‘guardrails’ which could include stopping his posts being distributed on the platform. Trump was suspended for supporting protestors at the US Capitol on January 6 who stormed the building in a riot which killed five people. [...]
Meta will be forced to sell Giphy as the CMA falls for the dangerous myth of ‘big is bad’ October 25, 2022 . Regulators around the world are intent on breaking up the largest tech companies, and now they have a model that works — even if it's dangerously detached from reality.