Meta Platforms reiterated its threat to pull its popular Facebook and Instagram services from the EU if a new transatlantic data transfer pact doesn’t materialise.
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Kenya’s ethnic cohesion watchdog has given Facebook seven days to comply with regulations after a report of violations on the social media platform.
Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue, with recession fears and competitive pressures weighing on its digital ads sales.
Investors are also bracing for flat user growth and a third consecutive quarter of profit declines.
Kylie Jenner, the reality-show celebrity who is the most followed woman on Instagram, asked the app to “stop trying to be TikTok”.
Shares of social media firms fell sharply on Friday as Twitter joined the Snapchat owner in signalling a cutback in digital ad spend as economic growth sputters.
Facebook is revamping its main feed in a bid to style its apps after short-form video competitor TikTok.
Twitter can fast-track its lawsuit against billionaire Elon Musk over his cancelled $44-billion buyout of the social media platform.
A passion among friends for betting on sports events has led to the creation of a new South African start-up that’s wagering that the future of betting lies in peer-to-peer technology.
A billionaire signed on to buy a company and then regretted it when the market moved against him. That doesn’t give him the right to just walk away.