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The Latest Breaking News from Facebook

Facebook's Meta Posts First-ever Revenue Drop

Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok.

Asharq Al-Awsat

B&M shoppers loving 'adorable' £4 home product

One B&M shopper said: "I got one last year, I love it."

Liverpool Echo

Public officials could be violating speech rights by blocking social media posts, appeals court rules

SAN DIEGO — A federal appeals court ruled Wednesday in a case from the Poway Unified School District that public officials who use social media accounts to discuss official duties can violate free speech rights when they block comments.

Tribune News Service

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Uniformed militia members offering help to Oak fire victims sparks furor near Yosemite

MARIPOSA, Calif. — Nearly 3,000 firefighters and first responders have flooded the Sierra foothills of Mariposa County battling the explosive Oak fire, but it’s the guys in camouflage fatigues and surplus war vehicles that have most alarmed some evacuees and monitors of extremist groups.

Los Angeles Times

Jim Chalmers delivers 'confronting' economic update following latest inflation hike — as it happened

The Federal Treasurer backs long-term wages growth, untangling supply chain issues and helping with childcare costs to help lift Australia's economy as the nation grapples with the largest increase in cost-of-living pressures in two decades — as it happened.

ABC News

Facebook parent company Meta reports first-ever losses for global tech giant

The revenue losses come as the industry contends with market instability, growth slowdowns, and increasing competition between platforms.

ABC News

Greek investigator details final moments of Brit, 22, killed by helicopter blade

A Greek accident investigator has given the final moments before Jack Fenton, 22, was tragically killed by a helicopter propeller in Athens after returning from Mykonos

Daily Mirror

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Tributes flow for Sydney mountain climber Matthew Eakin who died on K2

Friends and family are paying tribute to a Sydney man who was found dead in northern Pakistan.

ABC News

Facebook owner Meta reports first ever drop in revenue

Contributing factors include a drop in ad sales and competition from TikTok

The Independent UK

9th Cir.: Political Officials' Blocking of Social Media Comments May Violate the First Amendment

From today's decision in Garnier v. O'Connor-Ratcliff, written by Judge Marsha Berzon and joined by Judges Richard Tallman and Michelle Friedland: Today, social media websites like Facebook and Twitter are, for many, "the principal sources for knowing current events, checking ads for employment, speaking and listening in the modern public…

Reason

Facebook, Google and Trustpilot 'failing to do enough' about fake reviews

Consumer group Which? said more than a thousand reviews have been removed by the three platforms in the wake of its investigation

Wales Online

Manager closes restaurant early due to ‘arrogant’ and ‘cocky’ tourists: ‘Not here to be abused’

The Michigan restaurant was handling an influx of tourists visiting for an annual Venetian Festival

The Independent UK

Facebook parent Meta posts first revenue decline in history

Facebook and Instagram’s parent company Meta posted its first revenue decline in history Thursday, dragged by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies

The Independent UK

Meta posts its first-ever quarterly revenue decline

The company faces competition, regulation and the cost of its metaverse pivot.

Axios

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WEKU

Facebook's parent company reports a drop in revenue for the first time ever

CEO Mark Zuckerberg says Meta will slow hiring and tighten its budget. Soaring inflation, interest rate hikes and other economic woes have affected the digital advertising the company depends on.

Los Angeles Times

Tony Dow, actor who played Wally Cleaver on ‘Leave It to Beaver,’ dies at 77

Tony Dow, the actor who was best known as Wally Cleaver in the beloved 1950s sitcom “Leave It to Beaver,” has died. He was 77.

Liverpool Echo

Seagull spotted picking at dead rat's body as streets 'overrun' with vermin

Shocking footage shows a seagull picking at the body of a dead rat in broad daylight

The Independent UK

FTC acts to block Meta from buying VR company, fitness app

Federal regulators have taken legal action to block Facebook parent Meta and its CEO Mark Zuckerberg from acquiring virtual reality company Within Unlimited and its fitness app Supernatural

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ABC News

Half of all Australians have been victims of tech abuse, landmark study reveals

What happened to one woman highlights the findings of a key national report on a wideranging and complex method of abuse that is much more common than many people think.

Benzinga

What To Make Of SNAP As Stock Slips On Poor Earnings

Shares of Snap Inc (NYSE: SNAP) plummeted nearly 40 percent last week after the messaging company released a vastly disappointing earnings report for the second quarter.

Liverpool Echo

Schoolboy, 10, invited entire class to house party without mum knowing

Diane Campbell had no idea about Max's "end of school" party plans

Daily Record

Sister of student, 22, killed by helicopter blade rejects claims he was at fault

Daisy Fenton directed the blame towards the pilot Christos Fragkopanagos or the ground crew after her brother Jack died in a helicopter accident.

Daily Mirror

Schoolboy, 10, tries to throw house party for entire class - but doesn't think to tell mum

A mum was recently in for the shock of her life after learning her 10-year-old son had been secretly planning an end of year house party without thinking to check with her first

Los Angeles Times

Fire crews make gains in massive Oak fire as presence of uniformed militia sparks furor

Edinburgh Live

Edinburgh truck driver in bid to return lost 'angel' locket to owner

An Edinburgh truck driver is in a frantic bid to reunite a sentimental 'angel caller' to its original owner who is believed to be American due to the style of the writing

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