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The Latest Breaking News from Meta

Afternoon Update: Twitter bans impersonators; Crown fined $120m; and billionaires polluting the planet

Elon Musk says he is still committed to free speech despite account bans. And Scott Morrison gets a warning from the attorney general

The Guardian - AU

Facebook’s parent Meta prepares to slash thousands of jobs – reports

Layoffs come after $80bn wiped off company’s market value last month amid global economic downturn

The Guardian - AU

Meta reportedly to start laying off thousands of staff this week

Meta Platforms Inc. is planning to begin layoffs this week that will affect thousands of workers, The Wall Street Journal reported, citing people with knowledge of the matter.

Tribune News Service

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Facebook parent Meta preparing to announce large-scale layoffs this week, report says

The company posted weak results and saw a dramatic fall in its share price over 2022

The Independent UK

These companies claim to support abortion rights. They are backing anti-abortion Republicans

An analysis of major companies’ donations, including Meta and Amazon, reveals donations to candidates calling for banning the procedure

The Guardian - US

Criminal defamation: Problems and precedents of a provision used commonly against the press

Earlier this week, the Delhi police searched the Wire’s office and the homes of its five staffers, days after BJP leader Amit Malviya accused the portal of maligning his and his party’s reputation through a criminal conspiracy, cheating and forged documents.

Newslaundry

Meta Platforms Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Meta Platforms (NASDAQ:META). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

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Why Meta's share price collapse is good news for the future of social media

Facebook may not be the original social media platform but it has stood the test of time – until recently. Meta, the company that owns Facebook, Instagram and WhatsApp, saw its value plummet by around $80 billion (£69 billion) in just one day at the end of October, after its…

The Conversation

Liverpool strike deal with Meta in world first for a football club

Liverpool have become the first sports team in the world to strike a licencing agreement with the Meta Avatar Store

Liverpool Echo

A question of judgement: Lessons for independent media from the Meta-Wire affair

The Meta-Wire affair, as it has come to be called, has thrown up many questions that touch on editorial processes, the survival of independent media, and the response of the state to criticism.

Newslaundry

Meet the Ukrainian drivers racing on the world stage against the backdrop of war

Participating at the second edition of the FIA Motorsport Games in Marseille, a dozen athletes from Ukraine raced for more than just medals, as Kieran Jackson discovers

The Independent UK

Instagram Is Bringing Its Subscription Trial To Aus And My Wallet Honestly Can’t Do This Anymore

IG stop stealing from every other app challenge.

Pedestrian.tv

Technology: Now You Can Send Digital Gifts To Your Favourite Instagram Creator; Find Out How

The most interesting development is that Instagrammers will soon be able to create their own NFTs and sell them directly to their fans, both on and off the app, according to Mashable. Read on for details:

Dynamite News

Meta adds new tools to help content creators make money on Instagram

Meta Platforms has said it was adding a host of new features to Instagram, including a tool to trade digital collectibles, in a move that will help content creators monetise their presence on the social media platform.

Bangkok Post

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The Guardian - US

General Mills latest to halt Twitter ads as Musk takeover sparks brand exodus

Cheerios and Lucky Charms cereal company joins General Motors Co and Audi among others in pulling money from the platform

The Independent UK

General Mills, Audi pause Twitter ads, will evaluate site

General Mills and Audi are the latest big advertisers to pause ads on Twitter as questions swirl about how the social media platform will operate under new owner Elon Musk

Bangkok Post

China wants sixfold growth in VR industry in five years

HONG KONG: The Chinese government wants to expand the country's virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) - six times the level last year - showing Beijing's ambitions in becoming a world leader in metaverse technology.

Asharq Al-Awsat

WhatsApp Launches Communities Group Organizer Feature

WhatsApp is globally rolling out a feature called Communities to organize various chat groups in larger structures, as well as other features such as bigger group video calls and in-chat polls, the messaging service owned by Meta Platforms said on Thursday. The Communities feature will bring together various chat groups…

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Bangkok Post

Meta and TAT offer new vision of tourism

Facebook parent Meta has joined forces with the Tourism Authority of Thailand (TAT) to introduce "Rediscover Thailand", which features augmented reality (AR) experiences for the country's tourist attractions.

Benzinga

EXCLUSIVE: Meta Bear, Meta Bull Go Head-To-Head Over Social Media Stock

Meta Platforms Inc (NASDAQ: META) slumped 24.5% last week on the heels of its earnings report as investors digested the miss, and weak fourth-quarter outlook.

Benzinga

Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish

Tigress Financial Partners is aware of Meta Platforms Inc.'s (NASDAQ:META) ongoing ad-revenue headwinds as a result of economic uncertainty, as well as a recent change in Apple Inc.'s privacy rules, but the firm sees deep value in the company.What Happened: Tigress Director of Research Ivan Feinseth said a note to…

The Guardian - UK

Mark Zuckerberg’s metaverse is a joke not shared by investors

Meta’s share price is down 73% in 2022 but Facebook investors can’t force the boss to change course

Evening Standard

What is the metaverse and what will it look like in the future?

The M word explained. Haifa Barbari on how the metaverse is crucial to brand loyalty and why the time to enjoy it all is now

Manchester Evening News

How to make money from Instagram

Five ways to earn some extra cash with Meta’s photo sharing app

Daily Mirror

Fury as thousands of Instagram accounts STILL remain suspended after bug 'fixed'

A bug saw thousand of accounts suspended yesterday before Instagram said the issue had been fixed, but users still report being banned for no reason

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