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...
It seems, for Big Tech, a lightning trip on the way to, and a swift descent from, from the trillion-dollar mark. Trillion-dollar market cap, to be exact. For Meta Platforms (the parent company of Facebook), that milestone seems long ago and far away, a hallmark...
Facebook parent Meta told members it is closing its Novi digital wallet and they should remove their funds as soon as possible, certainly by September. Observers said the move is further evidence that Facebook has decided to move on from its Libra cryptocurrency experience. In...
Meta told employees to brace for changing economic tides as it reduces hiring outlooks for engineers and leaves other positions unfilled, according to multiple media reports. In a weekly Q&A session obtained by Reuters, Meta CEO Mark Zuckerberg said he’s expecting “one of the worst...
Meta is piloting non-fungible tokens (NFTs) with Ethereum and Polygon for select U.S. creators on Facebook and will soon add Solana and Flow, a Meta spokesperson told Decrypt. The move follows the social media giant’s NFT support for some creators on Instagram in May. Last...
