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The Latest Breaking News from Facebook

Facebook owner Meta slumps as ad sales, spending outlook cloud impressive earnings beat

A cautious outlook for ad sales, and big 2024 spending plans is muting market reaction to an impressive third quarter earnings report from Facebook owner Meta Platforms.

The Street

Humanity at risk from AI ‘race to the bottom’, says tech expert

MIT professor behind influential letter says unchecked development is allowing a few AI firms to jeopardise society’s future

The Guardian - US

Woman who spent 15 years getting revenge on ‘rude’ stranger responds to backlash

Woman went viral when she used fake Facebook accounts to send someone spoilers for his favourite TV shows

The Independent UK

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Facebook owner Meta crushes earnings forecasts, cuts spending plans, amid AI ad boom

Following stronger-than-expected ad sales for Google and Snap, Meta topped Street sales forecasts and crush Wall Street estimates in an impressive third quarter update.

The Street

42 Attorneys General Unite To Sue Meta Platforms Over Addictive Features Targeting Young Users

Meta faces legal challenges as attorneys general allege intentional design to retain young users

Zenger

Meta 'intentionally manipulates' children to become addicted to social media, lawsuit claims

33 US states are suing the company that owns Facebook and Instagram

Evening Standard

Meta Platforms Q3 Earnings: Revenue Expectations And Key Focus Areas

Meta Platforms Q3 Earnings: Analysts Expect $33.56B Revenue, Focus on AI and User Metrics

Zenger

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Facebook whistleblower praises Meta's recent troubles as a 'historic day'

With third-quarter earnings on deck, Facebook parent Meta is facing a significant new challenge.

The Street

Meta lawsuit: Instagram owner sued by over 30 US states 'for fuelling youth mental health crisis'

The claimants compare Instagram's features to a dopamine-inducing slot machine

Evening Standard

A day in the life of AI

Discussions about AI often focus on the futuristic threat posed by superhuman intelligence. But AI is already woven into the fabric of our daily lives

The Guardian - UK

Meta earnings on deck as Google, Snap see solid ad gains powered by AI targeting

Solid ad gains for Google and Snap suggest Meta could surprise to the upside in its third quarter earnings report, which is expected after the close of trading.

The Street

Don't let tech company censoring dictate online content and free speech, report warns

Michael Shellenberger has published a new report called Free Speech and Big Tech: The Case for User Control

Evening Standard

Illinois among 33 states suing Meta, alleging its platforms have harmed kids

The Menlo Park, California-based company formerly known as Facebook is accused of ensnaring youths “while misleading the public about the risks of social media.”

Chicago Sun-Times

States sue Meta claiming its social platforms are addictive and harm children's mental health

Dozens of US states, including California, New York, Arizona and Indiana are suing Meta Platforms Inc. for harming young people’s mental health and contributing the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict children to the platforms

The Independent UK

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Investors Business Daily

Meta Hit With Multistate Lawsuit Alleging Instagram And Facebook 'Ensnare Youth And Teens'

Meta was hit with a lawsuit from dozens of U.S. states Tuesday, alleging the company products include addictive features that harm young users. Meta stock fell following reports of the lawsuit.

WEKU

States sue Meta, claiming Instagram, Facebook fueled youth mental health crisis

More than 40 states filed legal actions against Meta on Tuesday, alleging that the company intentionally designed features that hooked a generation of young people.

The Independent UK

States sue Meta for harming young people's mental health, collecting data on children

A group of 33 states including California, New York, Arizona and Indiana are suing Meta Platforms Inc. for harming young people’s mental health and contributing the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict children to the platforms

Investors Business Daily

Meta Earnings: Can Facebook Parent Balance AI, Metaverse Push With Efficiency Pledge?

A rebound for Facebook’s parent company has propelled Meta stock to 160% growth this year. What's in store for third-quarter earnings?

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news in one place.

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The Guardian - UK

TechScape: How the UK’s online safety bill aims to clean up the internet

It’s complicated, contentious and sweeping. As the landmark legislation becomes law, here’s a guide to its key rules on everything from pornographic content to protecting children

Al Jazeera

Are social media giants censoring pro-Palestine voices amid Israel’s war?

Users and activists say the world’s largest social media platforms are censoring content about Palestine.

USA Today Sports Media Group

UFC 294 reactions: Winning and losing fighters on social media

See how the UFC 294 winners and losers reacted on social media outlets such as X, Instagram and Facebook.

WEKU

UAW expands its auto strike once again, hitting a key plant for Ram pickup trucks

The United Auto Workers union expanded its strike against the automaker Stellantis, calling on 6,800 workers at its Sterling Heights Assembly Plant outside Detroit to walk out Monday morning.

The Guardian - UK

Why is Elon Musk attacking Wikipedia? Because its very existence offends him

The X owner has no time for a democratic experiment dedicated to knowledge. He would rather yell puerile ‘jokes’ into the ether, writes Zoe Williams

The Independent UK

Brexit means UK can be global leader on AI, says Facebook co-founder

‘I’m glad the UK can go its own way’, says Dustin Moskovitz

Reason

SCOTUS Will Decide When the Government's Social Media Meddling Violates the First Amendment

The justices agreed to consider whether the Biden administration's efforts to suppress online "misinformation" were unconstitutional.

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Alexander Volkanovski

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