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The Latest Breaking News on Tech

Meta fined $24.7M for campaign finance disclosure violations

A Washington state judge has fined Facebook parent company Meta nearly $25 million for repeated, willful violations of campaign finance disclosure laws

The Independent UK

Meta's quarterly profit dives as tough economy hits tech

San Francisco (AFP) - Facebook-parent Meta reported Wednesday that its profit more than halved to $4.4 billion in the third quarter from $9.2 billion a year earlier, and said it plans "significant changes" to bolster efficiency in a tough economic environment.

AFP

As Meta’s revenue decline accelerates, shares sink 14 percent

A weak holiday quarter forecast knocked about $40bn from Meta’s stock market value in extended trade.

Al Jazeera

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Meta's quarterly profit more than halved to $4.4 bn

AFP

US hits Iran with new sanctions as punishment for ‘brutal’ crackdown on protesters

WASHINGTON — With efforts to revive the Iran nuclear deal languishing, the Biden administration on Wednesday hit Tehran with a new batch of economic sanctions as punishment for repression of widespread demonstrations against restrictions on women and other issues.

Los Angeles Times

$80bn wiped from value of Facebook and Instagram owner Meta

Sell-off that began overnight continues after Mark Zuckerberg’s company reports halving of profits

The Guardian - UK

Meta Platforms Investors Run From Q3 Earnings: Revenue Beat, EPS Miss, Daily Users Up, Costs Set To Climb In 2023

Social media platform and metaverse company Meta Platforms Inc (NASDAQ: META) reported third-quarter financial results after the market close Wednesday.

Benzinga

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Meta Stock Tumbles After Q3 Earnings Miss; Sees 'Significantly' More Metaverse Losses

"While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth," said CEO Mark Zuckerberg.

The Street

Meta Platforms' Third-Quarter Earnings Live Blog

Real Money's Eric Jhonsa live blogs Meta's earnings report and conference call with management.

The Street

Intel Spinoff Mobileye Prices Its IPO Above The Expected Range

INTC stock edged down Wednesday as the company spun off Mobileye in an initial public offering that priced above the expected range.

Investors Business Daily

Delivery driver charged with killing woman pleads guilty

A delivery driver charged with killing a Google employee from New York who went missing while out for a run near her mother’s Massachusetts home six years ago has pleaded guilty to second-degree murder

The Independent UK

Mark Zuckerberg Who? Meet Facebook's Competing Metaverse

Zuckerberg's version of the metaverse may be in a coma, but another metaverse continues to build quietly.

The Street

Intel Stock Gains As Mobileye IPO Values Self-Driving Unit At $16.7 Billion

Mobileye, Intel's self-driving unit, raised $861 million from a firmer-than-expected IPO that values the Israel-based group at around $16.7 billion.

The Street

A deepfake video of Joe Biden singing the children’s song Baby Shark isn’t funny – it is deeply worrying

The clip started out as a joke, but that doesn’t stop something gaining its own nefarious life online

The Guardian - UK

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Wales Online

Man ordered £569 iPad from Amazon, and was sent a £1 box of biscuits

Carl Harper contacted Amazon multiple times without successfully getting a refund

Investors Business Daily

Google Earnings Badly Miss Estimates As YouTube Ad Revenue Falls

Google-parent Alphabet reported third-quarter results that missed estimates as its core digital advertising business fell short of expectations.

Investors Business Daily

Microsoft Stock Falls On Weak Guidance, Slowing Azure Growth

Software giant Microsoft edged above Wall Street's targets for its fiscal first quarter, thanks to growth in its cloud computing businesses.

The Guardian - US

Police kill two dogs after US Amazon driver dies in apparent animal attack

Man’s body found on lawn of home in Excelsior Springs, Missouri, where police later shot English mastiff and German shepherd

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Los Angeles Times

Amazon union push at California warehouse stalls

A group of Amazon workers at a fulfillment center in Moreno Valley, California, seeking to join the independent Amazon Labor Union have withdrawn a petition to hold a union election, mere weeks after launching their campaign, the National Labor Relations Board confirmed.

The Guardian - UK

Uber whistleblower calls on Europe to tackle ‘undemocratic’ power of tech companies

Mark MacGann tells MEPs Uber had ‘almost unlimited finance’ to silence drivers with legal disputes

The Independent UK

Amazon driver dead after dogs viciously attacked him outside Missouri home: police

Sheriff’s department officials ultimately killed the dogs, per reports

The Independent UK

Amazon to allow US customers to pay with Venmo

Amazon is rolling out a feature that allows shoppers to pay for items using their Venmo accounts

AFP

Meta says WhatsApp outage resolved

Paris (AFP) - US tech giant Meta on Tuesday said it had resolved a major WhatsApp outage that prevented many of the billions of users of its popular service from connecting or sending messages.

The Guardian - US

Republicans want working-class voters — without actually supporting workers

GOP courts blue collar voters but most favor anti-union ‘right to work’ laws and reject laws that would protect right to organize

AFP

Meta confirms WhatsApp outage, working to restore service

Paris (AFP) - US tech giant Meta confirmed a global outage was affecting its messaging service WhatsApp on Tuesday and said it was working to restore the app "as quickly as possible".

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