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A group of companies including Meta and Spotify blasted the European Union Thursday for its "fragmented and inconsistent" decision-making on data privacy and artificial intelligence (AI).
The Facebook parent and other companies are warning in an open letter that the regulations risk hampering innovation and economic growth.
Meta Platforms has been growing at a faster pace than the digital ad market, and tools such as AI should help it corner a bigger share of this space. The company trades at an attractive valuation, even after delivering impressive returns in the past year.
EssilorLuxottica announced on Tuesday that is has extended its partnership with Meta Platforms, Inc. META, through a new long-term deal to develop multi-generational smart eyewear. While financial terms remain undisclosed, the collaboration has already produced two generations of Ray-Ban smart glasses since 2019.
Facebook owner Meta agreed to buy up to 3.9 million carbon offset credits from Brazilian investment bank BTG Pactual's forestry arm through 2038, the companies said on Wednesday in a statement.
Meta Platforms Inc is facing a hefty fine in the EU over its alleged efforts to dominate the classified advertising market, the Financial Times reported on Wednesday, citing people familiar with the matter.
Antigone Davis, Meta global head of safety, joins 'Squawk on the Street' to discuss the launch of Instagram teen accounts, the protections in question, and much more.
Aneesh Chopra, Arcadia chief strategy officer and former White House chief technology officer under former President Obama, joins 'Squawk Box' to discuss Meta's efforts to make Instagram safer for teens, how to protect kids online, and more.
The overhaul was announced as the bipartisan Kids Online Safety Act – a landmark bill that would impose a legal “duty of care” on Instagram parent Meta, TikTok and other social media firms to protect kids from online harm, gains momentum in Congress.
Russia-based broadcasters and web sites such as RT, Rossiya Segodnya will no longer be available to users of Facebook and Instagram.
Instagram on Tuesday announced restrictive privacy settings for younger users on the social media platform, including mandatory “Teen Accounts” and parental controls limiting what children can view, as the Meta-owned firm faces scrutiny and accusations of failing to protect children on the app.