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The Latest Breaking News from Meta

Philanthropies pledge $500 million to address 'crisis in local news'

The new coalition of donors, led by the MacArthur Foundation, says one out of every five Americans lives in a "news desert" with little to no reliable local news.

WEKU

eSafety commissioner flags policy on child abuse material after Apple backflip

Tech to scan cloud storage services is operated by Meta, Microsoft and Google, but Apple stopped development last year to focus on warnings for explicit images

The Guardian - AU

UK owners of smart home devices being asked for swathes of personal data

Which? said firms are gathering far more data than needed for products to function

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Why a Nintendo Headset Is the Jolt VR Gaming Desperately Needs

A rumor floating around about a standalone VR device from Nintendo has us hopeful about the future of VR gaming.

Inverse

3 Internet Stocks Getting More Views Than Netflix (NFLX)

Netflix (NFLX) faces increasing competition, which could impede its growth. Hence, amid heightened internet accessibility and the growing trend of businesses adopting digital transformation, three fundamentally robust internet stocks, eBay (EBAY), Meta Platforms (META), and Alphabet (GOOGL), could be better buys than NFLX. Read more….

StockNews.com

Big Tech Companies Brace for EU Antitrust Clampdown

European Union (EU) antitrust regulators are preparing for a clampdown on anti-competitive practices in the digital economy and have put the world’s big tech firms on notice. The EU today listed 22 services that fall under its Digital Markets Act, and companies including Apple (AAPL ), Amazon.com (AMZN ), Meta...

Barchart

Instagram boss Adam Mosseri listed his entire job history on Threads

Surprisingly, Adam Mosseri had a very low-tech first job.

Fortune

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EU unveils ‘revolutionary’ laws to curb big tech firms’ power

Digital Markets Act aims to allow more competition and let consumers delete preloaded phone apps

The Guardian - UK

EU targets Apple, Amazon, Alphabet, ByteDance, Meta, Microsoft in next phase of digital crackdown

The European Union is targeting Apple, Amazon, Microsoft, Google parent Alphabet, Facebook owner Meta and TikTok parent ByteDance under new digital rules aimed at reining in the market power of online companies

The Independent UK

Morgan Stanley’s Mike Wilson says investors are destined for disappointment

"It's human nature to want to go with the trend both up and down."

Fortune

Is Meta’s Data Request Form A Real Defense Against AI Intrusion?

Facebook's Privacy Center contains a privacy feature that explicitly covers "Generative AI Data Subject Rights."

Zenger

Forget VinFast: 2 EV Stocks to Consider Instead

VinFast stock has pulled back sharply off its peak, and more downside looks likely as the meme trade unwinds. Rivian and Xpeng Motors are 2 EV stocks that offer a much better risk-reward ratio for investors.

Barchart

British newspapers to take multi-million pound knock as Meta pulls plug on European news content deals

The firm is withdrawing payments to news publishers because ‘people don’t come to Facebook for news’

Evening Standard

TechScape: As the US election campaign heats up, so could the market for misinformation

Twitter is not the only platform inviting political adverts back, as tech giants from Meta to YouTube compete for marketing money and eyeballs

The Guardian - UK

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The Guardian - US

Revealed: how US immigration uses fake social media profiles across investigations

Records from the Department of Homeland Security show it sought to expand undercover operations online despite pushback from Facebook

The Independent UK

Mark Zuckerberg trains with UFC champions Adesanya and Volkanovski on speedboat

The Meta CEO has trained with Israel Adesanya and Alexander Volkanovski before

The Conversation

Brand-backed influencer campaigns can be hard to spot – how to tell if a company is behind a social media post

Nearly three-quarters of Generation Z (people born between 1996 and 2010) follow at least one influencer on social media platforms and 44% buy things based on influencers’ recommendations.

The Conversation

AI systems have learned how to deceive humans. What does that mean for our future?

Artificial intelligence pioneer Geoffrey Hinton made headlines earlier this year when he raised concerns about the capabilities of AI systems. Speaking to CNN journalist Jake Tapper, Hinton said:

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Barchart

2 Growth Stocks to Buy on the Dip

Meta Platforms and Salesforce are easily outpacing the S&P 500 - and as Meta pivots toward AI and Salesforce continues to dominate the cloud, both look like promising growth names to buy at current levels.

Al Jazeera

Canada proposes rules to implement contentious Online News Act

The law requires social media companies to pay Canadian media outlets for news content shared on their platforms.

Reason

In Scathing Rulings, Federal Courts Block Arkansas and Texas Age Verification Laws

Plus: Meta revises controversial "dangerous organizations" policy, a win against civil asset forfeiture in Detroit, and more...

Fortune

What bankers and investors are watching as Arm’s September IPO approaches

If Arm performs well, expect plenty of other companies to get in line to go public this fall.

The Independent UK

Judge blocks Arkansas law requiring parental OK for minors to create social media accounts

A federal judge has blocked Arkansas from enforcing a new law that would have required parental consent for minors to create new social media accounts

Chicago Sun-Times

Elon Musk says X, formerly Twitter, will have voice and video calls, updates privacy policy

Rival social platforms already offer voice and video calls. Meta introduced voice and video calls on Messenger in 2015. Snapchat added them in 2016.

Fortune

Morgan Stanley analyst predicts S&P 500 could leap another 11% this year

The analyst pointed out that a handful of high-performing stocks are yet to reach the highs they enjoyed in 2021.

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