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The Latest Breaking News from Facebook

Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on

Zuckerberg once framed the metaverse as the “successor to the mobile internet.”

Fortune

Meta Platforms Has Lost $73 Billion on Reality labs. Are Its Spending Cuts Enough for META Stock?

Meta cuts Reality Labs spending by 30%, focusing on profitable AI and core app projects while maintaining ad growth.

Barchart

Exclusive: Meta strikes multiple AI deals with news publishers

Meta's new partners include USA Today, People Inc., CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde.

Axios

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read the most diverse news in one place.

Zuckerberg Axes Metaverse: Meta Slashes Budget By £52 Billion As VR Dream Implodes

Meta is preparing to slash up to £52 billion from its Metaverse budget as Mark Zuckerberg shifts Facebook's parent company toward artificial intelligence, signalling significant possible job cuts.

International Business Times UK

Australia Says Its Teen Social Media Is The 'First Domino' In Global Effort To Reign In Tech Giants As Meta Blocks Instagram, Facebook Accounts

Meta Platforms, Inc. (NASDAQ:META) has started deactivating Instagram, Facebook and Threads accounts belonging to Australian users under 16, signaling what eSafety Commissioner Julie Inman Grant calls the "first domino" in a global push to regulate Big Tech.

Benzinga

Small Caps Hit a New High on Rate-Cut Hope: Stock Market Today

Odds for a December rate cut remain high after the latest batch of jobs data, which helped the Russell 2000 outperform today.

Kiplinger

Meta starts removing accounts for under-16s ahead of Australia social media ban

Under-16s on Meta platforms are starting to have their accounts removed ahead of Australia’s world-first social media ban.

Euronews

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Meta begins removing Australian under-16s from Instagram and Facebook

Australia says the ban would be the first domino to fall in a global effort to rein in Big Tech

The Independent UK

Afternoon Update: under-16s social media shutdown begins; Starc lights up Ashes again; and Australia’s Spotify Wrapped wrap-up

The Albanese government’s ban is due to take effect from 10 December

The Guardian - AU

Instagram and Facebook begin shutting down accounts as Australia’s under-16s social media ban looms

Ban due to take effect next week, but Meta has started deactivating accounts already

The Guardian - AU

How the internet became enshittified – and how we might be able to deshittify it

Remember when Twitter used to be good? I reckon it peaked somewhere around the first COVID lockdowns.

The Conversation

Inspired by 1969 Tennessee case, woman investigates connection between caves and missing people, and her findings raise serious questions

Cold case sparks new scary theories.

We Got This Covered

Pastor's iPhone 16 Pro Max Stolen During Facebook Live Prayer Session on London Street

A London pastor was robbed of his iPhone 16 Pro Max mid-broadcast, capturing the thieves' panic live on camera as the city battles surging phone thefts.

International Business Times UK

Court challenge delay clears path for social media ban

Australia's social media age restrictions will kick in as planned, with a High Court challenge to the ban pushed into the new year.

AAP

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The Independent UK

Australia to enforce social media age limit of 16 next week with fines up to $33 million

Australia is set to enforce its age limit for social media accounts starting next week, and the platforms must provide monthly reports on how many children's accounts they have closed or face fines

Evening Standard

Betway ad featuring Sir Lewis Hamilton banned for appeal to under-18s

It is the second gambling ad featuring Sir Lewis banned for appealing to under-18s in the past two months.

The Independent UK

Gambling ad featuring Lewis Hamilton banned for appeal to children

Betway said the video was meant to represent the F1 star, but was not really him

Benzinga

Billionaire Investor Ups Meta Bet As Hedge Fund Reverses Earlier Exit

Activist investor Dan Loeb’s Third Point LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 47% in the third quarter of 2025.

Get all your
news in one place.

100's of premium titles.
One news app.

AAP

YouTube 'outright weird' for saying platform isn't safe

YouTube needs to fix its safety after the tech giant criticised Australia's world-leading laws protecting kids, the communications minister says.

Euronews

AI slop account claims Germany uses 'robotic mailboxes': It doesn't

An AI-generated image circulating on Facebook has claimed that German cities have installed robotic mailboxes equipped with AI systems that can automatically return lost items to owners. The catch is that it’s AI slop.

The Mary Sue

‘Jose listen to your wife’: Florida woman blocks Hispanic man’s car, tells him to go back to ‘wherever he came from.’ There’s just one problem

A Hispanic couple recently found themselves face-to-face with a woman who appeared to be racially profiling them in the Delray Beach Market garage. The woman cornered the couple, yelling at them from outside their car and telling them to go back to ‘wherever’ they came from. She eventually moved, but…

International Business Times UK

K&W Cafeterias' Closure Sparks Nostalgia, 300 Jobs Lost, 'Southern Culture Is Dying'

K&W Cafeterias abruptly closed all nine locations on 1 December, ending 88 years of Southern dining tradition and leaving over 300 workers unemployed.

Pedestrian.tv

Sydney Eastern Suburbs Council Reamed By Locals After Dog Ban: ‘Disappointing’

A Sydney eastern suburbs council has landed itself in hot water with locals by banning dogs from a popular beach spot.

The Guardian - UK

UK terror watchdog warns national security plan ignores escalating online threats

Independent reviewer says need to protect against online threats is now as important as need for robust armed forces

AAP

Ex-AFL agent guilty of selling fake footy memorabilia

After facing AFL premiership players in court, a former player agent has been fined $4500 for selling fraudulent memorabilia from the 2021 grand final.

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People

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