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The Latest Breaking News from Meta

Meta launches subscription service for Facebook and Instagram

Facebook parent company Meta Platforms Inc. is launching a subscription service called Meta Verified that will include a handful of additional perks and features, including account verification badges for those who pay.

Tribune News Service

Mark Zuckerberg announces Meta Verified subscription service for Facebook and Instagram following Elon Musk’s Twitter Blue

Facebook and Instagram users will need to confirm their identity with a government ID to receive a verification badge.

Fortune

Facebook and Instagram to roll out paid subscription

SAN FRANCISCO: Facebook and Instagram owner Meta will launch a paid subscription service starting at $11.99 a month allowing users to verify their accounts, CEO Mark Zuckerberg announced Sunday, following a similar move by Elon Musk at Twitter.

Bangkok Post

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Brian Merchant: Minimum wage 'ghosts' keep Google and Microsoft's AI arms race from becoming a nightmare

When Google's algorithms work like they're supposed to — when they show you the bit of information you're looking for and not nonsense or weird porn or propaganda or dangerous medical advice — you have people like Ed Stackhouse to thank.

Los Angeles Times

Meta just gave thousands of employees poor performance reviews that could clear the way for more layoffs during its 'Year of Efficiency'

Threat comes after 11,000 workers lost their jobs in November.

Fortune

Google, Twitter, Meta, Apple Face Tougher EU Online Content Rules

Alphabet Inc's Google, Facebook parent Meta Platforms Inc, Twitter and Apple face stricter EU online content rules, based on monthly user numbers published by the companies, which exceeded an EU threshold for big online platforms. The new rules known as the Digital Services Act (DSA) label companies with more than…

Asharq Al-Awsat

Facebook ran ads in Moldova for oligarch sanctioned by US

Facebook allowed a Moldovan oligarch with ties to the Kremlin to run ads on its platform urging protests against that country's government — even though he and his political party are subject to U.S. sanctions

The Independent UK

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Bear market barely dents crypto lobby

Spending remains near all-time highs.

Fortune

Meta to pay more for Mark Zuckerberg’s personal security amid job losses

Spend increases by 40% to $14m after dismissing 11,000 employees

The Guardian - UK

FTC Commissioner Resigns To Protest Agency's 'Disregard for the Rule of Law'

Chair Lina Khan has flouted the rule of law and due process, Commissioner Christine Wilson wrote.

Reason

Facebook’s increasingly cloudy future in Europe

Europe is Meta’s second most valuable market, after North America. The possibility of its being forced to leave is not just hypothetical.

Fortune

Can you make money following activist investors into a stock? It depends

Following an activist investor into a stock might not offer as big a financial win as expected. Here’s what to consider.

Fortune

Looking to come to the US, Cubans turn to an unusual market for boat parts: Facebook

When Amauri decided to leave Cuba for the United States, he bought metal sheets to build a rustic boat to take him to the Florida Keys.

Miami Herald

Google case at Supreme Court risks upending the internet as we know it

An upcoming Supreme Court case could answer one of the toughest questions of the internet age: Should online companies be held responsible for promoting harmful speech?

Tribune News Service

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Inverse

Sony PlayStation VR2 Review: Immersive VR Gaming on Easy Mode

Sony's PSVR 2 headset for the PS5 is packed full of technology that makes gaming more immersive. The only question mark is whether the VR headset will get exclusive games to support it longterm.

Fortune

Meta is cutting middle managers. Here’s how to tell if you should too

Companies should evaluate middle managers on their leadership skills.

Fortune

Elon Musk takes his marijuana friendliness to the next level as Twitter pitches itself as a home for cannabis ads

Twitter has updated its policies to allow licensed cannabis-related companies to run certain kinds of ads in states where the ads are legal.

Zenger

Meta Plans Fresh Job Cuts To Kick Off ‘Year Of Efficiency’

Meta, which let go of 11,000 employees back in November, is considering another round of layoffs

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news in one place.

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Fortune

Republican regulator rips Lina Khan in ‘noisy exit,’ accuses ‘hipster antitrust’ boss of breaking the law by having opinions on Mark Zuckerberg

Khan once wrote that Zuckerberg should never be allowed to make another acquisition. Now we know the strength of internal dissent over that.

Bangkok Post

Study notes slight dip in Thai internet usage

Local internet users spent less time on the internet and social media and made less purchases online as life returns to normal after the pandemic, according to the "Digital 2023: Thailand" study.

Fortune

Meta sparked a bitter fight inside the FTC

A bitter fight inside among FTC commissioners over Meta's acquisition of a VR company spilled into the public realm.

Los Angeles Times

It’s not just Disney: Hollywood slashes jobs as streaming bubble pops

LOS ANGELES — Walt Disney Co. Chief Executive Bob Iger said last week that the Burbank company will be slashing 7,000 jobs as the firm’s streaming efforts continue to lose money and the wider economy wallows through a downturn.

Reason

Lawmakers Use Kid Safety as Excuse To Violate Adults' Rights

Plus: New York "hate speech" law is likely unconstitutional, FTC Commissioner quits because of chair Lina Khan's antics, and more...

Al Jazeera

Nigeria election triggers deluge of ‘fake news’ on social media

Experts and activists say political actors have expanded the scope of misinformation ahead of the general elections.

The Guardian - UK

I’ve tried every productivity hack from pills to self-hypnosis. Do I need someone to sit next to me and tut?

Simon Berens, a software engineer at Meta, says paying people to watch him work has made him almost three times as productive. And it only costs $5,000 a month, writes Arwa Mahdawi

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