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The Latest Breaking News from Meta

Meta Platforms Whale Trades For October 11

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

Fox News hosts forced to make humiliating on-air U-turn over support for Kanye West

West’s Twitter account also locked after Meta restricts his Instagram

The Independent UK

Russia's financial monitoring agency adds Meta to 'extremists' list -agencies

Russia's financial monitoring agency, Rosfinmonitoring, has added U.S. tech giant Meta Platforms Inc. to its list of "terrorists and extremists", Russian news agencies reported on Tuesday.

Reuters

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Fox News presenters who defended Kanye West make U-turn after 'Anti-Jewish' posts

Fox and Friends co-hosts Will Cain and Pete Hegseth have backtracked after defending controversial rapper Kanye West after his 'Anti-Jewish' posts on social media

Daily Mirror

Kanye West locked out of Instagram and Twitter after antisemitic posts

Instagram and Twitter have suspended Kanye “Ye” West after the rapper shared a series of antisemitic statements on both social media platforms.

Los Angeles Times

Crying for MAAMA: big tech’s reality check

As Tesla unveils its first humanoid robot, the pressure is on for Meta, Apple, Amazon, Microsoft and Alphabet, (aka MAAMA), to create the next big thing. Beware of ‘techlash,’ warns consumer trends expert Matt Hay

Evening Standard

Kanye West locked out of Twitter and Instagram accounts over offensive posts

There is a notice from Twitter in the tweet’s place that reads: “This Tweet violated the Twitter Rules.”

Irish Mirror

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Fox News hosts forced to make humiliating on-air U-turn over support for Kanye West

West’s Twitter account also locked after Meta restricts his Instagram

The Independent UK

Kanye West’s Instagram account restricted, tweet removed after posts slammed as antisemitic

Kanye West’s Instagram account was restricted and a tweet was deleted after posts that were slammed as antisemitic, according to The Hollywood Reporter.

Tribune News Service

Delays to online safety bill will endanger young people, says Molly Russell’s father

Ian Russell, whose daughter took her own life, says ‘waiting around’ leaves children exposed to harmful content

The Guardian - UK

Twitter follows Instagram in restricting Ye's account after antisemitic posts

Ye, the rapper and fashion designer formerly known as Kanye West, had recently accused hip hop mogul Diddy of being under the influence of "the Jewish people."

WEKU

Hundreds of janitors strike at Facebook campuses across Bay Area amid impending layoffs

MENLO PARK, Calif. — Hundreds of janitors have been on strike since Tuesday at various Bay Area Meta (Facebook) campuses in anticipation of massive layoffs, demanding that the tech giant hold its janitorial contractor accountable to crafting a new agreement that won’t put more work on the backs of those…

Tribune News Service

Meta Warns of Password Stealing Phone Apps

Meta warned a million Facebook users Friday that they have been "exposed" to seemingly innocuous smartphone applications designed to steal passwords to the social network. So far this year, Meta has identified more than 400 "malicious" apps tailored for smartphones powered by Apple or Android software and available at the…

Asharq Al-Awsat

This Is What Whales Are Betting On Meta Platforms

A whale with a lot of money to spend has taken a noticeably bearish stance on Meta Platforms. Looking at options history for Meta Platforms (NASDAQ:META) we detected 41 strange trades.

Benzinga

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ABC News

Meta alerts Apple, Google to malicious apps designed to steal personal data

The apps are promoted as photo editors and games, and lure users in before asking for their social media login details.

Axios

Meta detects more than 400 mobile apps stealing Facebook passwords

About 1M Facebook users were possibly affected, one company leader said.

WEKU

Here's what Elon Musk will likely do with Twitter if he buys it

Musk says he'd loosen rules against spreading misinformation, allow former President Donald Trump back on Twitter, shake up the company's business model and find new revenue sources.

The Guardian - UK

Facebook UK pays £29m corporation tax despite record £3.3bn sales

Advertising revenue surged last year at social media firm where average staff pay rose to £262,000

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The Guardian - US

Disinformation in Spanish is prolific on Facebook, Twitter and YouTube despite vows to act

Social media platforms’ failure to eradicate the false information amounts to aiding and abetting disenfranchisement, advocates say

Evening Standard

Facebook’s London employee pay surges past £260,000

Facebook’s UK employee headcount swelled to 5,148 in 2021, with the vast majority based in London

Tribune News Service

Facebook aided genocide in 2017 and fails to stop hate speech around the world: reports

A new human rights report accuses Facebook of aiding the 2017 genocide against Muslims in Myanmar, while other reports allege the company continues to allow its platform to spread dangerous disinformation and hate speech in other countries.

The Independent UK

Nigeria regulator seeks $70M penalty in lawsuit against Meta

A Nigerian advertising regulator has sued Meta, accusing the owner of Facebook and WhatsApp of publishing unauthorized ads

The Guardian - UK

TechScape: Social media firms face a safety reckoning after the Molly Russell inquest

In this week’s newsletter: The question of tougher regulation is back following an inquest into the death of a 14-year-old who viewed significant amounts of harmful online content

Inverse

What worked for the PS4 could work for the PSVR 2

Meta is focused on how the Quest 2 and Quest Pro could change work. For the PSVR 2, all Sony needs to do is focus on one thing: great gaming.

Tom’s Guide

Meta Quest 2 review — a solid entry-level VR headset

Decent specs and a comfortable, plus the Quest's expansive apps and games library, made the Meta Quest 2 the best all-around VR headset at launch. It's now been replaced by the Meta Quest 3, but it's still a great entry-level headset.

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