US states sought $1.4-trillion before trial. Meta Platforms settled for $18-billion and its shares went up.
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Meta has settled US claims for $16.7-billion, agreeing to child curfews. Whether they reach other markets is unclear.
From covert filming scandals to facial recognition, smart glasses are eroding the last assumption of privacy we have left.
Researchers who advised Australia’s roll-out of a social media ban say the ban’s first line of defence isn’t working.
Section 189 protects against retrenchments in South Africa. But natural attrition needs no consultation, and AI is accelerating it.
Social media giants will face scrutiny this week over allegations that their platforms are fuelling a youth mental health crisis.
The companies surpassed quarterly revenue expectations this week and posted positive metrics for their ad businesses.
Snapchat’s social media app is adding users at a faster clip, reaching more than 750 million per month.
Instagram appears to be copying another up-and-coming social media competitor: BeReal, a popular photo app.
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.