Facebook owner Meta Platforms has agreed to pay $725-million, or about R12.4-billion, to resolve a class-action lawsuit.
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Meta Platforms is facing a lawsuit in Kenya’s high court accusing the company of failing Africans by amplifying hate speech and incitement to violence on Facebook.
Meta Platforms has been slapped with a €265-million fine for failing to prevent the leak of the personal data of more than half a billion Facebook users.
Meta Platforms will let go of 13% of its workforce, or more than 11 000 employees, in one of the biggest tech layoffs this year
Meta Platforms is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported.
Mark Zuckerberg’s apparent willingness to stomach such losses is a sign of his faith in the metaverse. Investors aren’t as confident.
Investors are facing a make or break week for some of Wall Street’s most influential technology stocks.
Mark Zuckerberg unveiled his company’s newest virtual reality headset on Tuesday, the Meta Quest Pro, the CEO’s latest foray into the world of high-end VR devices.
Meta Platforms said it would notify roughly a million Facebook users that their account credentials may have been compromised.
Meta’s Nick Clegg said the company would become “the greatest industrial-scale censor ever in human history” if it removed too much content from its platforms.