Meta

Apple Faces Potential EU Fines for Antitrust Violations; Meta Also at Risk of Penalties

12 hours ago

In a significant development in the ongoing struggle between tech giants and European regulators, Apple Inc. is reportedly at risk of incurring substantial fines from the European Union due to alleged antitrust violations. This situation comes as part of broader scrutiny aimed at leading technology firms, with Meta (formerly Facebook) also facing potential penalties for non-compliance with EU regulations.

The Inside Story of Facebook's Shifting Stance on China: A Deep Dive into 'Careless People'

2 days ago

A recently leaked memo reveals the evolving perspective of Facebook, now known as Meta Platforms Inc., regarding its operations in China. The memoir, titled "Careless People," lays bare internal discussions that highlight a significant turnaround in the tech giant's approach towards the world's most populous nation. Initially, Facebook seemed eager to gain a foothold in the Chinese market, but as events unfolded, the company found itself grappling with both strategic and ethical dilemmas.

Meta's Asia-Pacific Chief Resigns Following Prolonged Growth Surge

2 days ago

In a surprising turn of events within the corporate sphere, Meta Platforms Inc. has announced the resignation of its Asia-Pacific chief, Dan Neary. After spending a decade steering the company through a remarkable growth phase in the region, Neary’s departure marks a significant transition for one of the tech giant's most crucial areas of operation.

Tianqi Lithium Faces Setback with Return to Loss Amid Extended Battery Metal Downturn

3 days ago

Tianqi Lithium, a prominent player in the global lithium market, has reported a significant financial downturn, showcasing a return to losses largely attributed to a sustained slump in battery metal prices. This news comes as a surprise to many industry analysts who had anticipated a more stable performance for the company, given the explosive demand for lithium due to the electric vehicle (EV) sector's growth.

EU Urges Meta to Split Marketplace in Bid to Address Antitrust Concerns

3 days ago

The European Union (EU) has intensified its scrutiny of Meta Platforms Inc., the parent company of Facebook and Instagram, advocating for a major restructuring of its Marketplace feature to alleviate ongoing antitrust issues. This move underscores the EU’s commitment to curbing anti-competitive practices within the tech behemoth, as regulators seek to create a more equitable digital marketplace.

OpenAI and Meta Forge Strategic Partnership with Reliance in India

6 days ago

In a groundbreaking move that could reshape the landscape of artificial intelligence in India, tech giants OpenAI and Meta are reportedly in talks to form a strategic alliance with India's Reliance Industries. This collaboration aims to harness the technological expertise of both companies to bolster AI initiatives in the region, providing a significant competitive advantage in the rapidly evolving digital economy.

Cathie Wood Divests Meta Shares for the First Time in Nearly a Year

10 days ago

In a surprising turn of events, Cathie Wood, the renowned CEO of ARK Invest, has sold shares of Meta Platforms Inc. (formerly Facebook) for the first time in almost a year. This significant decision marks a pivotal shift in ARK's investment strategy as Wood navigates through a volatile market landscape.

JX Metals Set to Make Waves with Japan's Largest IPO Since SoftBank

10 days ago

In a remarkable turn of events for the Japanese financial landscape, JX Metals is poised to make its public debut under the spotlight of the nation's largest initial public offering (IPO) since SoftBank's monumental listing. The expected listing on the Tokyo Stock Exchange has generated significant buzz and interest among investors, signaling a promising trajectory for both the company and the market as a whole.

Meta's New Fact-Checking Initiative: Can It Combat Misinformation Effectively?

11 days ago

In a bold move to tackle the growing problem of misinformation on social media, Meta, the parent company of Facebook and Instagram, has unveiled a comprehensive new fact-checking system intended to enhance the credibility of content shared on its platforms. This initiative comes at a critical time when the authenticity of information online is increasingly under scrutiny, particularly during election cycles and public health crises.

Meta Leverages User Community on Facebook and Instagram to Combat Misinformation

15 days ago

In a strategic move to counter the persistent spread of misinformation on its platforms, Meta has announced plans to engage its vast community of Facebook and Instagram users as a proactive measure against false information. The tech giant, renowned for its innovations in social media, is shifting its approach in response to growing demands for accountability and transparency amid widespread scrutiny of online content.