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The Latest Breaking News from Meta

EXPLAINER: What is the metaverse and how will it work?

The term “metaverse” is the latest buzzword to capture the tech industry’s imagination

The Independent UK

WhatsApp to make major change and allow users to connect to app without internet

The messaging service, which is owned by Meta, will allow people to use the app even when an internet shutdown or block is in place.

Daily Record

Louisiana Now Checking IDs for Watching Porn

Plus: Still no House speaker, the gender gap in college scholarships, Meta fined $414 million, and more...

Reason

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

Big tech calls out Tony Abbott on a point of fact

Tony Abbott has accused tech giants of trying to control how Australians think and vote in a spat over the indigenous Voice referendum.

The New Daily

Here are the 5 biggest innovations to expect in 2023

Inverse predicts the biggest innovations of 2023, including wins in renewable energy, electric vehicles, and biotechnology.

Inverse

Tech giants face alternate universes across the Atlantic

Firms are facing vastly different regulatory regimes in the U.S. and the tougher EU, which keeps piling on fines.

Axios

Technology: Meta Hit With 390 Million Euro Fine For Data Breaches

Facebook parent company Meta Ireland has been fined a total of 390 million euros (413 million US dollars) for breaches of European Union (EU) data protection rules. Read on for details:

Dynamite News

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In latest tech layoffs, Amazon says it will cut 18,000 jobs

E-commerce giant Amazon has announced it will lay off 18,000 people. CEO Andy Jassy says the cuts will mostly affect the human resources teams and the Amazon Stores operations, and will represent around 6 percent of the company's 300,000 corporate workforce. This comes after similar layoff plans took place at…

France 24

Canada Court Approves Class Action Alleging Discrimination in Facebook Ads

A Canadian court of appeal will allow a class action suit to be brought by social media users accusing Facebook of age, gender and race discrimination in online advertisements, the plaintiffs' lawyer said Wednesday. The class action could see the social media giant paying damages to thousands of residents in…

Asharq Al-Awsat

Ireland Fines Meta 390M Euros in Latest Privacy Crackdown

Irish regulators on Wednesday hit Facebook parent Meta with hundreds of millions in fines for online privacy violations and banned the company from forcing European users to agree to personalized ads based on their online activity. Ireland's Data Protection Commission imposed two fines totaling 390 million euros ($414 million) in…

Asharq Al-Awsat

Ireland fines Meta 390M euros in latest privacy crackdown

Irish regulators have hit Facebook parent Meta with hundreds of millions in fines for online privacy violations and banned the company from forcing European users to agree to personalized ads based on their online activity

The Independent UK

Trump Returning To Facebook? Zuckerberg’s Meta To Reportedly Decide In Coming Weeks

Mark Zuckerberg-led Meta Platforms Inc is reportedly deliberating on whether to let back former President Donald Trump on in.

Zenger

The Crystal Ball: VCs, private equity investors, and tech founders predict what will happen to the metaverse in 2023

Term Sheet readers weigh in on what this year will hold for virtual reality.

Fortune

As tech companies make cuts, will other industries follow? Here’s what to know about jobs in 2023

Mary Hainds had been working in sales at a small construction technology startup for about six months before she was laid off in October. In the weeks that followed, she interviewed for other tech sales jobs in earnest and received job offers.

Chicago Tribune

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Evening Standard

Your 2023 fitness mega-guide — from rental gym memberships to 15-minute classes

From workouts in the metaverse to hi-tech recovery tools, Katie Strick has your new year reboot sorted

Fortune

The Crypto Winter will last through 2023 and maybe 2024, predicts PayPal and Meta alum David Marcus

“We won’t exit this 'crypto winter’ in 2023, and probably not in 2024 either,” Marcus wrote in a year-end blog post.

Evening Standard

World’s richest tech execs lose over $400 billion in 2022

Elon Musk’s wealth has been the hardest hit this year, losing over $140 billion

Daily Mirror

WhatsApp to stop working on 49 smartphone models TODAY leaving millions without app

Users with older iPhones and Androids handsets will need to get an upgrade after December 31 in order to use WhatsApp going into the New Year

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Al Jazeera

Why do the rich get richer — even during global crises?

Every 30 hours, the pandemic spawned a new billionaire, while pushing a million people into poverty. Here’s why.

Chicago Tribune

Commentary: Why I still ‘like’ Facebook, even though everyone else sort of hates it

According to some critics, Facebook is responsible for almost every evil ever invented. The social media platform, under the corporate parent Meta, violates our privacy, sells our personal information to the highest bidders, monopolizes the media, earns undeserved billions in profit all but hourly, single-handedly killed print journalism, manipulates our…

Inverse

Sorry, 'metaverse' is the word of the year whether you like it or not

Thanks to brands like Fortnite, Meta, and Roblox, the metaverse is making an obvious impact on the way we socialize, shop, and play.

Zenger

Meta Employees Undermine Zuckerberg’s Metaverse Strategy

Meta employees are expressing discontent with Mark Zuckerberg and his metaverse strategy on anonymous jobs forums such as Blind.

WEKU

Facebook parent Meta will pay $725M to settle a privacy suit over Cambridge Analytica

The proposed settlement is a result of revelations that the information of up to 87 million people may have been improperly shared with the data analytics firm that worked for political campaigns.

Tribune News Service

Meta agrees to pay $725 million over Cambridge Analytica scandal

Meta Platforms Inc. has agreed to pay $725 million to settle a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica.

Evening Standard

It was the end of easy money that took the shine off tech in 2022

City comment: After a period of naïve optimism and financial malpractice, it’s time for the tech sector to snap back to reality

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