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BUSINESS

Meta stock surges after Q2 results beat expectations despite heavy AI spending

Digital Desk -
Meta has posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased. Shares in the Facebook owner surged...
BUSINESS

Meta fined nearly 800m euros for ‘abusive practices’ on Facebook ads business

Digital Desk -
European Union regulators have hit Facebook parent Meta with a fine of nearly 800 million euros for what they called “abusive practices” involving its...
NEWS

Facebook owner Meta carries out threat to block news in Canada

Digital Desk -
Facebook and Instagram parent company Meta is keeping its promise to block news content in Canada on its platforms in response to a new...
BUSINESS

Meta makes public its ChatGPT rival Llama 2

Digital Desk -
Facebook parent company Meta Platforms has built an artificial intelligence system that rivals the likes of ChatGPT and Google’s Bard but it is taking...
WORLD NEWS

Canada’s government to stop Facebook and Instagram advertising after news block

Digital Desk -
Canada’s government will stop advertising on Facebook and Instagram after parent firm Meta blocked access to news content as part of a temporary test. Heritage...
BUSINESS

Facebook faces legal setback in EU court decision on data privacy and ads

Digital Desk -
Facebook lost a legal challenge on Tuesday at the European Union’s top court over a groundbreaking German antitrust decision that limited the way the...
TECHNOLOGY

Malaysia to take legal action against Meta over harmful content on Facebook

Digital Desk -
Malaysia’s government has said it will take legal action against Facebook’s parent company Meta for failing to remove undesirable and harmful content from the...
MARKETS

Facebook owner suffers 26% plunge in share price

Digital Desk -
A historic plunge in the stock price of Facebook’s parent company has helped yank other tech stocks lower on Wall Street, abruptly ending a...
NEWS

Facebook to shut down face-recognition system and delete data

Digital Desk -
Facebook has said it will shut down its face-recognition system and delete the faceprints of more than one billion people. Jerome Pesenti, vice president of...
FRANCE

Facebook to pay French publishers for news content

Digital Desk -
Facebook said it has struck a deal with a group of French publishers to pay for links to their news stories that are shared...
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