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Tag: Facebook

Meta scraps fact-checking program, introduces X-like community notes feature
News Tech

Canadian news platforms demand Facebook probe over news blockage

Canadian news groups on Tuesday urged the Canadian antitrust watchdog to look into Meta Platforms’ move to stop allowing journalism on its platforms. “Through its decision to block news content from its digital platforms, Meta seeks to impair Canadian news organizations’ ability to compete effectively in the news publishing and online advertising markets,” news industry […]

Meta scraps fact-checking program, introduces X-like community notes feature
Tech

Meta hits $10bn Reels revenue, narrows in on TikTok

When Meta Platforms introduced Reels as its answer to TikTok in 2020, it faced skepticism and accusations of imitation. However, recent numbers revealed by Meta show that reels is rapidly gaining traction among users and advertisers, positioning itself as a formidable contender against TikTok. Reels, accessible on both Facebook and Instagram, owes part of its […]

Mark Zuckerberg beats Elon Musk in billionaire rankings
News Tech

Facebook hits 3bn monthly active users

Facebook has more than 3 billion active monthly users, according to the most recent quarterly data from Meta. There were 3.88 billion monthly active users across the entire family of Meta apps, which also includes WhatsApp, Instagram, Messenger, and the recently released Threads. That is over half of all people on the planet. In comparison […]

Facebook to shut down news tab in US, Australia
News Tech

Australia fines Facebook $14m for data gathering

A court in Australia ordered Facebook owner Meta to pay a total of A$20 million ($14 million) in fines for secretly gathering user data through a smartphone software that was marketed as a privacy protector. The decision on Wednesday concerned Onavo, a virtual private network service that the business, then known as Facebook, provided from […]

Meta platforms restored after hour-long global outage
News

Meta platforms restored after hour-long global outage

Meta Platforms, the parent company of popular social media apps Instagram and Facebook, as well as messaging app WhatsApp and Twitter competitor, Threads, is reportedly back after a global outage. The platform experienced a temporary outage on Monday, affecting thousands of users. According to Downdetector.com, the outage lasted over an hour and impacted approximately 14,000 […]

Business

Metaverse to contribute $760bn to US GDP by 2035 – Report

A study commissioned by the owner of Facebook, Meta Platforms, has revealed that Metaverse could contribute up to $760 billion, or about 2.4 per cent of the annual US gross domestic product by 2035. The report, conducted by consulting firm Deloitte and accessed by Reuters, suggests that economic gains could come from the use of […]

Mark Zuckerberg beats Elon Musk in billionaire rankings
Business

Meta launches paid IG, Facebook blue tick in US

Meta has on Friday announced the launch of its subscription service in the United States. The service will allow Facebook and Instagram users to pay for verification and obtain a blue badge, similar to what is currently offered by Twitter, which is owned by Elon Musk. The service, known as Meta Verified, will require users […]

Mark Zuckerberg beats Elon Musk in billionaire rankings
Business

Meta copied Twitter with Facebook, IG subscription plan – Users

Some users of Facebook and Instagram have said the Chief Executive Officer of Meta, Mark Zuckerberg, has copied Musk’s Twitter ads free paid subscription plan. This followed the announcement of the CEO on Sunday about its plan to begin a paid subscription service that allows users of Instagram and Facebook to verify their accounts. Recall […]

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