With a lawsuit from the Federal Trade Commission (FTC) hanging over its head, Facebook’s parent company Meta is pausing its planned acquisition of the virtual reality (VR) experience and product developer Within, which is known for the popular fitness app Supernatural. Meta’s lawyers and FTC...
In conjunction with its Q2 earnings report, Meta — the company formerly known as Facebook — announced that as of Nov. 1, current Chief Financial Officer David Wehner would take on a new role as “Meta’s first chief strategy officer, where he will oversee the...
Meta Platforms reiterated its warning that it may have to pull its popular Facebook and Instagram services from the European Union if a new transatlantic data transfer pact doesn’t materialize. Meta could face a ban on its practice of exporting user data to the U.S....
The Federal Trade Commission (FTC) just sued to block Meta from acquiring a VR company, saying it would put the social media giant “one step closer to its ultimate goal of owning the entire ‘Metaverse.’” That’s something CEO Mark Zuckerberg had better get on with,...
Meta will be changing how it uses resources for its Facebook News tab and Bulletin newsletter, intending to focus more on the creator economy, according to a memo sent to employees. A report from the Wall Street Journal Tuesday (July 19) quoted Campbell Brown, a...
Meta (formerly Facebook) will be paying close attention to the discussions that will be held today, July 12, on the plenary session of the European Data Protection Board (EDPB). The outcome of these discussions may have a direct impact on the company’s ability to provide...
Ireland’s Data Protection Commission (DPC) is closer to taking steps that could suspend data transfers from the European Union to the U.S. by Facebook and Instagram. As Reuters reported Thursday (July 7), the privacy regulator handed down a provisional order in 2020 to bar the...
By offering more ways for creators of non-fungible tokens (NFTs) to monetize their art or services, Meta is hoping to grow Facebook’s user base by attracting artists’ fans as well as a younger demographic, Meta Head of Commerce and Financial Technologies Stephane Kasriel told the Financial...
In a coda to its stablecoin payments ambitions, Meta announced on July 1 that the Novi digital wallet project is at an end. Launched with much fanfare on June 18, 2019, Novi was the tool that the company formerly known as Facebook planned to use...
