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Meta (formerly called Facebook) pretty much ignored the social media elephant in the room today on a post-earnings conference call, with chief financial officer Susan Li saying it's too early to discuss what just happened in Washington, D.C. President Biden has signed into law a bill that would force TikTo…

Facebook parent Meta posted solid quarterly financials today with revenue and EPS beating Wall Street expectations, but investors dinged the stock on high expenses and lower than anticipated revenue for the current quarter. Shares are down 10% in after-market trading. What Meta calls “Family daily…

The Europe’s Margrethe Vestager, one of the world's most powerful and proactive regulators, has made Europe a first mover in checking big tech for the public good and in the interest of competition. The head of the EU’s Competition Commission has developed key digital privacy laws, rules on hate…

UPDATED with resolution of outage. Instagram and Facebook returned to full operation mid-day Tuesday following a 2-hour outage. Andy Stone, a spokesman for parent company Meta Platforms, issued an update and an apology on X, formerly Twitter. “Earlier today, a technical issue caused people to have…

UPDATE: Supreme Court justices have been grappling all morning on the question of whether social media platforms are neutral gatekeepers, or whether their content moderation practices count as expressive activity protected by the First Amendment. The justices raised a series of questions over the…

Facebook and Instagram parent company Meta Platforms set a stock market record Friday, adding $200 billion in market value in a single trading day on the heels of a knockout earnings report. The 20% rise in the tech giant’s stock price, to an all-time high of $474.99, followed the company’s stellar…

Sheryl Sandberg, Mark Zuckerberg's longtime number two who stepped down as COO in 2022, said today she's also leaving the board of Meta. Sandberg was one of the highest-ranking women in the business and tech world as chief operating officer of Facebook, then Meta, which she joined in 2008. While…

EXCLUSIVE: Meta, parent company of Facebook, is closing its Frank Gehry-designed London base, Deadline has learned. It will further reduce the number of offices it occupies in London, where the tech giant has its largest staff presence outside of the U.S. The news Meta is shuttering its sizable HQ at…

TikTok is growing as a primary source for users’ news diets, according to the results of a new study. A survey conducted by Pew Research Center showed that 43% of TikTok users regularly get their news on the app, compared to just 22% in 2020. The findings also showed that Americans are twice as…

To comply with European regulators after getting on the wrong side of the EU's General Data Protection Regulation (GDPR), Meta said today it will be offering users in the EU, EEA and Switzerland the option of paying a monthly subscription fee to use Facebook and Instagram without any ads. The key is…

Facebook and Instagram parent Meta blew past Wall Street expectations for the three months ended in September but said it's seeing advertising volatility in the current fourth quarter corresponding with the Israel-Hamas war. Snap, which also posted upbeat third quarter numbers yesterday, warned of t…

It’s most of the United States vs Mark Zuckerberg over the tactics of social media platforms towards kids. Forty-one states on Tuesday filed lawsuits against Instagram and Facebook parent company Meta over strategies and algorithms they use to capture young people's attention and keep them scrolling…