Meta shares surge nearly 20% as Zuckerberg pledges to make 2023 a ‘year of efficiency’

New York CNN  —  For years, Facebook and its CEO Mark Zuckerberg invested heavily in growth, including in areas like virtual reality with unproven potential. But after a brutal year…

Meta says it will restore Donald Trump’s Facebook and Instagram accounts

New York CNN  —  Facebook-parent Meta said on Wednesday that it will restore former President Donald Trump’s accounts on Facebook and Instagram in the coming weeks, just over two years…

Instagram and Facebook Should Update Nude Photo Rules, Meta Board Says

Content creators have long criticized Facebook and Instagram for their content moderation policies relating to photos that show partial nudity, arguing that their practices are inconsistent and often biased against…

Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law

Meta suffered a major defeat on Wednesday that could severely undercut its Facebook and Instagram advertising business after European Union regulators found it had illegally forced users to effectively accept…

Meta agrees to pay $725 million to settle lawsuit over Cambridge Analytica data leak

New York CNN  —  Facebook parent company Meta has agreed to pay $725 million to settle a longstanding class action lawsuit accusing it of allowing Cambridge Analytica and other third…

Virtual Reality Pioneer John Carmack Is Leaving Meta

John Carmack, a pioneer of virtual reality technology, is leaving Meta after more than eight years at the company, according to an internal post reviewed by The New York Times.…

Meta avoids showdown over news content in US after journalism bargaining bill shelved

Washington CNN Business  —  A threat by Facebook owner Meta to remove news content from its platforms appears to have been averted — for now — after US lawmakers omitted…

Why Losing to Meta in Court Could Still Be a Win for Antitrust Regulators

President Biden’s antitrust regulators have adopted a mantra: In order to win, they need to be willing to lose. Since Mr. Biden took office in January 2021, the leaders of…