The Latest Breaking News from FB

Meta Platforms Inc (NASDAQ:FB) had halted plans to build a large data center in the Netherlands following intense government backlash, Bloomberg reports. The local, provincial and national governments invited Meta in 2019 to consider a data center investment in the Netherlands in the region of Zeewolde. However, the Dutch Senate approved a…

The Justice Department supported American Innovation and Choice Online Act and similar legislation banning large digital platforms from favoring their products and services over competitors, the Wall Street Journal reports. The DOJ saw the rise of dominant platforms like Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google jeopardizing open markets and competition. Amazon, Google, Apple…

The E.U. and U.S. broke the deadlock on cross-border data-transfer pact to relieve tech giants like Meta Platforms Inc (NASDAQ: FB), Bloomberg reports. The U.S. also agreed to provide energy to Europe as the Russian invasion of Ukraine threatened to disrupt the continent’s energy supplies, CNBC reports. This new pact will “enable predictable and trustworthy…

The major Swiss bank UBS reiterated a Buy on Meta Platforms Inc (NASDAQ:FB) with a price target of $280.  The price target implied an upside of 27.5%. It's time to talk about the monetization of the video format Reels, noted analyst Lloyd Walmsley.  Walmsley admitted that users' time on platforms like Instagram is likely to increase significantly. As far…

A whale with a lot of money to spend has taken a noticeably bullish stance on Meta Platforms. Looking at options history for Meta Platforms (NASDAQ:FB) we detected 30 strange trades.

The creator of Da Vinci Eye's drawing app, Samuel Gherman, had to cut his Meta Platforms Inc (NASDAQ:FB) Facebook ad spending targeting Apple Inc (NASDAQ:AAPL) iPhone users, the Information reports. Gherman cut the ad spend by about 90% to less than $100 per day beginning May 2021. The cost of attracting a single new Da…

Shares of several companies in the broader technology and social media space, including Meta Platforms Inc (NASDAQ: FB) and Pinterest Inc (NYSE: PINS), are all trading higher amid overall market strength as stocks

BuzzFeed Inc (NASDAQ:BZFD) CEO Jonah Peretti disclosed during its earnings call that he continued to see audiences spending less time on Meta Platforms Inc's (NASDAQ:FB) Facebook, CNBC reports. Peretti admitted that Facebook accounted for most of its audience traffic to its shopping content. However, the shift in audience time away from the app has…

Telegram surpassed Meta Platforms Inc (NASDAQ:FB) owned WhatsApp to become Russia's most popular messaging tool, Reuters reports based on PJSC MegaFon (OTC:MFOYY). The service started actively growing on February 24 as Russia sent tens of thousands of troops into Ukraine. Telegram's share jumped to 63% in the first two weeks of March from 48% in the…

Several Meta Platforms Inc (NASDAQ: FB) employees burdened with underwater stock options looked to exit the social media giant following its plunging stock prices, 

Shares of several gaming, streaming and social media companies, including Meta Platforms Inc (NASDAQ: FB), Pinterest Inc (NYSE: PINS) and Roblox Corp (NYSE: