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The Latest Breaking News from Meta

Kenya orders Meta's Facebook to tackle hate speech or face suspension

Kenya's ethnic cohesion watchdog has given Meta's Facebook seven days to tackle hate speech and incitement on the platform relating to next month's election, failing which its operations will be suspended.

Reuters

Instagram pauses new features rollout following online community backlash

Celebrities including Kim Kardashian, Kylie Jenner and Chrissy Teigen were among those criticising the changes.

The Independent UK

Trevor Noah on Instagram: ‘Everything is an ad, and your feed is full of people you don’t follow’

Late-night hosts discuss the backlash from users and the Kardashians, and the DoJ investigation of Trump

The Guardian - US

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In a 3rd test, Facebook still fails to block hate speech

Facebook is letting violent hate speech slip through its controls in Kenya, according to a new report from the nonprofit groups Global Witness and Foxglove

The Independent UK

Meta Can't Buy V.R. Fitness Company, Must Make Its Own Competing App, Says FTC

Plus: A rebranded "Build Back Better," the two-party system creates "a disconnect between elites and non-elites," and more...

Reason

Meta officially cuts funding for U.S. news publishers

As the company moves forward with sweeping changes to the Facebook experience, news has become less of a priority.

Axios

Reality crashes down on Meta

After a decade of unprecedented growth, Meta has finally hit a wall.

Axios

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Russia Fines WhatsApp, Snapchat Owner over Data Storage Violations

A Russian court on Thursday fined Meta Platforms Inc's WhatsApp messenger and Snapchat owner Snap Inc for an alleged refusal to store the data of Russian users domestically, news agencies reported. Moscow has clashed with Big Tech over content, censorship, data and local representation in disputes that have escalated since…

Asharq Al-Awsat

Meta revenues fall for the first time as advertising sales dry up

Meta shares have fallen almost 50% since the beginning of 2022

Evening Standard

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

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

Meta’s growth comes to screeching halt as company projects first revenue drop

The company in its second-quarter earnings report said it anticipates lower than predicted revenue of $26bn to $28.5bn

The Guardian - US

Meta posts its first-ever quarterly revenue decline

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

Axios

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.

WEKU

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Input

FTC takes first major step in blocking Meta's monopoly on the metaverse

The FTC filed a complaint to block Meta's acquisition of Within, the developer of VR fitness app, Supernatural.

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

Dynamite News

Social Media: Meta set to shut down its private messaging app for couples

According to The Verge, this app, launched in 2020, comes from Meta's New Product Experimentation (NPE) team, which develops experimental apps and services. Read more on Dynamite News:

Input

Facebook might stop removing so much COVID-19 misinformation

Meta is asking the Facebook Oversight Board to make the call. Is "free expression" more important than public health?

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The Independent UK

Google's parent reports slowest quarterly growth in 2 years

Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid fears of an economic recession

WEKU

Facebook is making radical changes to keep up with TikTok

Facebook is overhauling its flagship app and Instagram to be more like the video platform that's so popular with Gen Z. Some people, like Kim Kardashian and Kylie Jenner, say it's trying too hard.

Input

Meta can't afford to sell the Quest 2 for $299 anymore

Prices will start at $399 on August 1, but at least you'll get Beat Saber included.

The Independent UK

Instagram’s pivot to video may be its death knell

As Kylie Jenner and Kim Kardashian call for Instagram to ‘stop trying to be TikTok’ and influencers say the platform is hindering their careers, Olivia Petter asks if this is the end of our love affair with Instagram

Input

Instagram CEO responds to Kim and Kylie's disdain for app's many changes

"I love photos. I know a lot of you out there love photos, too," Adam Mosseri attempts to explain.

The Hindu

CM urges social media to regulate content

Campaign for children’s online safety launched

The Guardian - UK

Facebook considering ending restrictions on Covid misinformation

Social network turning to its ‘supreme court’ about decision, says head of global affairs, Nick Clegg

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