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Monday, May. 8, 2023
Facebook says it is not dead. Facebook also wants you to know that it is not just for "old people," as young people have been saying for years.
Now, with the biggest thorn in its side — TikTok — facing heightened government scrutiny amid growing tensions between the U.S. and China,...
Tuesday, Mar. 14, 2023
Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard.
The company announced 11,000 job cuts in November, about 13%...
Saturday, Feb. 18, 2023
Facebook allowed an exiled Moldovan oligarch with ties to the Kremlin to run ads calling for protests and uprisings against the pro-Western government, even though he and his political party were on U.S. sanctions lists.
The ads featuring politician and convicted fraudster Ilan Shor were...
Monday, Dec. 19, 2022
The European Union on Monday accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the bloc's latest maneuver to curb the power of Big Tech companies.
In its complaint following an investigation launched last year, the...
Wednesday, Nov. 9, 2022
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
The job cuts come just a week after widespread layoffs at Twitter under its new...
Wednesday, Oct. 26, 2022
Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising sales as it faces competition from TikTok's wildly popular video app.
The quarter's weak results raised fresh questions about whether Meta's plans to spend $...
Thursday, Sep. 29, 2022
The House on Thursday approved antitrust legislation targeting the dominance of Big Tech companies by giving states greater power in competition cases and increasing money for federal regulators.
The bipartisan measure passed by a 242-184 vote. It was separated from more ambitious...
Thursday, Aug. 11, 2022
Whether it's the fitness tracker on your wrist, the "smart" home appliances in your house or the latest kids' fad going viral in online videos, they all produce a trove of personal data for big tech companies.
How that data is being used and protected has led to growing public concern and...
Wednesday, Jul. 27, 2022
Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies.
The results largely followed a broader decline in the digital...
Saturday, Jun. 25, 2022
The Supreme Court's decision to end the nation's constitutional protections for abortion has catapulted businesses of all types into the most divisive corner of politics.
Some companies that stayed silent last month — when a draft opinion by Justice Samuel Alito was leaked to Politico —...