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The Latest Breaking News from Meta

Mark Zuckerberg’s net worth declined more than $71 billion in 2022

The net worth of Meta CEO Mark Zuckerberg, once the third richest person on the planet, plummeted by more than 50% this year, knocking him down to the 20th spot on Forbes’ list of the world’s wealthiest.

Tribune News Service

TikTok tightens policies around political issues in run-up to US midterms

Politicians will be banned from using social media platform for campaign fundraising

The Guardian - UK

Think Your Losses Hurt? 5 Hardest-Hit Investors Lose $160 Billion

Here's something to cheer you up if you're among investors losing lots of money on the S&P 500 this year. You didn't drop anywhere near that of five unlucky investors.

Investors Business Daily

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Mark Zuckerberg Has Lost More In Wealth In 2022 Than The Value Of Uber

One of the most well-known CEOs is having a rough year, with the stock of the company he founded losing more than half its value since the beginning of 2022.

Benzinga

Facebook founder Mark Zuckerberg loses $71BILLION in one year - more than half his fortune

The ultra-rich businessman lost more than any other billionaire this year and fell down to his lowest wealth ranking in years amid challenging times for the tech industry

Daily Mirror

Meta: We’re not-so-big tech now

The company's big stock drop and competition from TikTok gives it new defenses against the charge of monopoly.

Axios

Molly Russell inquest delayed to ensure social media posts handled ‘sensitively’

Coroner says evidence must provide ‘safeguards’ for authors of material accessed by teenager before her death

The Guardian - UK

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Looking At Meta Platforms's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Meta Platforms (NASDAQ:META). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Molly Russell inquest opens almost five years after teenager’s death

Inquest into death of 14-year-old who killed herself after viewing graphic content online begins after multiple delays

The Guardian - UK

Technology: Instagram introduces new parental supervision tool in India

Parents will get access to supervision tools and resources from the experts at the Family Centre. They will be able to keep a track of the time spent on screen by their children. Read more on Dynamite News:

Dynamite News

The scourge of fake news in Brazil’s presidential election

Just a few weeks ahead of the presidential elections, authorities in Brazil are trying to limit the flood of disinformation circulating online. Although the country is better prepared to deal with fake news than it was during the 2018 campaign, which saw Jair Bolsonaro win the presidency, certain types of…

France 24

Will today’s tech giants reach a century? It’s all about the quality of the product

If you want to be an internet-age version of General Motors or IBM, you need to sell something people want and steer clear of political pitfalls

The Guardian - UK

Texas social-media law on web censorship upheld by federal appeals court

A federal appeals court upheld the validity of a Texas social media law that companies like Meta Platforms Inc. and Twitter Inc. say will prevent them from blocking hate speech and extremism.

Tribune News Service

Dragons' Den entrepreneur Sara Davies warns of hoaxers impersonating her on social media

Meta confirmed that two accounts had been taken down for impersonation

Birmingham Post

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The Guardian - UK

‘Gifs are cringe’: how Giphy’s multimillion-dollar business fell out of fashion

Generational divide threatens future of tech firm as it seeks approval for $400m takeover by Facebook owner Meta

The Hindu

Bombay High Court stays order directing Facebook to pay man for non-delivery of product

The Commission had directed the companies to pay ₹599 for non-delivery of a product purchased online and ₹25,000 for causing mental agony

Axios

California's new age rules for sites and apps raise a ruckus

The state's new law aims to protect kids and teens online from privacy violations and safety risks.

Tribune News Service

California and New York aim to curb diet pill sales to minors

California and New York are on the cusp of going further than the FDA in restricting the sale of non-prescription diet pills to minors as pediatricians and public health advocates try to protect kids from extreme weight-loss gimmicks online.

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Asharq Al-Awsat

Google, Meta Face Record Fines in South Korea over Privacy Violations

South Korea has fined Google and Meta more than $71 million collectively for gathering users' personal information without consent for tailored ads, regulators said Wednesday, the country's highest-ever data protection fines. Investigations into the two US tech giants found they had been "collecting and analyzing" data on their users, and…

AAP

Facebook gets High Court nod for appeal

Facebook, now known as Meta, has been granted special leave to appeal an aspect of the Cambridge Analytica scandal in the High Court of Australia.

Benzinga

Why Facebook Parent Meta Platforms Looks Ready To Bounce

Facebook parent company Meta Platforms Inc. (NASDAQ: META) saw some volatility early in the trading session on Thursday, but by midafternoon was trading mostly flat.

Reuters

Meta Oversight Board objects to removing positive newspaper report on Taliban

Meta Platforms Inc's independent Oversight Board said on Thursday that Facebook should not have taken down a newspaper report about the Taliban that it considered positive, backing users' freedom of expression and saying the tech company relied too heavily on automated moderation.

Dynamite News

Meta commences Community Chats testing for Facebook Groups in Messenger

Mark Zuckerberg has announced that Meta is starting to test Community Chats for Facebook Groups inside the Messenger app. Read more on Dynamite News:

Bangkok Post

How the tide turned on data centres in Europe

PARIS: Every time we make a call on Zoom, upload a document to the cloud or stream a video, our computers connect to vast warehouses filled with servers to store or access data.

Benzinga

What Are Whales Doing With Meta Platforms

Someone with a lot of money to spend has taken a bullish stance on Meta Platforms (NASDAQ:META). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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