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Does Snapchat cause depression, anxiety, eating disorders? A court trial that tells bold story against social media platforms
Social media companies face thousands of lawsuits in federal and state courts brought by individuals, school districts, municipalities and other government entities alleging the companies knowingly sought to addict children to their platforms.
Meta settles with teen during trial testing claims social media caused depression, eating disorders
Meta Platforms has settled with a teen plaintiff who accused the company of designing Instagram and Facebook to be addictive, causing her mental health problems
Bombay High Court rejects Meta’s jurisdiction challenge in Blink Digital dispute; Interim relief hearing on November 2
The Bombay High Court dismissed Meta's application that challenged its jurisdiction over the dispute with Blink Digital. Blink Digital is seeking the restoration of disabled accounts and significant compensation from Meta. The court has scheduled a hearing for Blink Digital's plea for interim relief on November 2. The dispute centers on whether the case can be heard in India or should go to California.
Meta stock price: Why are Meta shares down today? Facebook, Instagram parent may witness USD 50 billion wipe out from company's market value despite strong quarterly revenue
Meta share price: Facebook, Instagram parent is spending heavily to support its AI plans, with an expected annual capital expenditure forecast between $135 billion and $145 billion.
Tech under pressure on AI jitters, dollar slips: Markets wrap
South Korea’s Kospi Index — a bellwether for AI investments — dropped 3.5%, with chip heavyweight SK Hynix Inc. heading for its lowest close since April. MSCI Inc.’s Asia Pacific Index fell 1%, diverging from Monday’s tech-led gains on Wall Street.
AI agents are only as good as the personal information you share, and that raises privacy concerns
Many have welcomed AI agents into their online lives, and raved about how personalized assistants like Muse can handle everyday tasks with ease - from snagging a dinner reservation or planning a trip, to organizing email inboxes. But like other AI bots, the agents are only as good as the information they have access to. They perform better the more they know about a user - and perhaps also that person's friends, family and even colleagues. That raises privacy concerns.
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Trump attacks immigrants from Somalia and Haiti while rallying in Ohio for Republican candidates
US President Donald Trump sought to boost Republican Senator Jon Husted’s reelection campaign at an Ohio rally by targeting Somali and Haitian immigrants, repeating the debunked claim that Haitians ate pets in Springfield and praising his administration’s efforts to drive them out.
META Stock at Nasdaq today: Meta Platforms Inc shares near all-time highs, Facebook, Instagram, WhatsApp-owner inches away from $2 trillion market value mark
Shares of Meta Platforms Inc, which owns Facebook, Instagram, WhatsApp, were set for a fifth straight week of gains — their biggest five-week advance since late January 2023 — putting the social media giant less than 1 per cent away from the $2 trillion market value mark.
First US trial against TikTok to test claims platform fueled teen mental health crisis
An Alabama jury will hear the state's claims that TikTok and its Chinese parent company ByteDance made the platform addictive to young users and misled consumers about its safety, in the first case against the company to reach trial in the sweeping litigation
Google to report child abuse content directly to Indian authorities
Google said on Monday it has agreed to report content flagged as child sexual abuse material to Indian authorities, breaking from a global practice under which such reports are first routed through a U.S. non-profit.
Meta not a simple intermediary but service provider when algorithms decide visibility: Govt source
"Service providers have many responsibilities. Meta must take on more onus after agreeing to be responsible for content on its platform," the agency cited sources as saying.
NCPCR summons Meta India chief over alleged child sexual abuse material ads
In response to alarming discoveries from a BBC investigation, the National Commission for Child Rights has called upon the leader of Meta India. This summons is part of a broader inquiry into potential child sexual abuse material being advertised on the platform. The government had already issued a warning to Meta, and scrutiny escalated as issues with their algorithms were exposed.
Snap sees opportunity as Indian advertisers look beyond Google, Meta: CBO Ajit Mohan
Advertisers are looking beyond Google and Meta as concerns over dependence on the two platforms grow, Snap’s Ajit Mohan told ET. Snapchat has crossed 250 million users in India, while domestic advertisers have grown 10x in two years. Snap is also expanding its advertising and subscription businesses to diversify revenue.
HC dismisses Facebook India's plea challenging CCI probe into WhatsApp's 2021 privacy policy
Facebook India, the Indian subsidiary of US-based Facebook Inc (now known as Meta Platforms), argued that the CCI has clubbed it in its ongoing investigation against Facebook Inc and WhatsApp even though it has not formed any prima facie opinion against it.
Not even prima facie material with CCI to initiate probe: Facebook Inc to HC
Senior advocate Mukul Rohatgi, appearing for Facebook Inc, contended that just because Facebook is the formal owner of WhatsApp and the instant messaging platform is said to share its data with the parent company does not mean that it is a necessary party to the probe.
Facebook developing machine learning chip: Report
Facebook's move comes as major technology firms, including Apple Inc Amazon.com Inc and Alphabet Inc's Google, are increasingly ditching traditional silicon providers to design their own chips to save up on costs and boost performance.
Facebook quarterly revenue beats expectations
Total revenue, which primarily consists of ad sales, rose to $26.17 billion in the first quarter ended March 31, beating analysts' average estimate of $23.67 billion, according to IBES data from Refinitiv.
Explainer: Google, Facebook battle Australia over proposed revenue-sharing law
The dispute is being closely watched worldwide since it would be the biggest challenge yet to how the U.S. tech companies that dominate social media and search engines use news on their websites.
'Who the hell elected you?' U.S. Senate tech hearing becomes election showdown
The chief executives of Twitter Inc, Facebook Inc and Alphabet Inc's Google called the law crucial to free expression on the internet. They said Section 230 gives them the tools to strike a balance between preserving free speech and moderating content, even as they appeared open to suggestions the law needs moderate changes.
Coming soon, Facebook for campus! FB to allow college students join college events, interact with classmates
The product is launching with 30 colleges and universities beginning Thursday.
iOS 14 will allow users to control their information, Facebook fears update to 'severely impact' ads
Apple will require developers to show a warning label to users before collecting IDFA info on iOS 14.
Welcome to Facebook Shop! FB adds dedicated shopping section, will allow users to indulge in retail therapy
Facebook unveiled a similar shopping feature earlier this year.
Facebook's Sandberg won't run Uber, but she knows what it needs
Sandberg isn't leaving her job as second-in-command at Facebook Inc., according to a person familiar with the matter who asked not to be identified discussing private information.
Facebook pushes shopping features in move towards e-commerce
Facebook Inc wants its users to shop for clothes and other products from their mobile phones without ever leaving its app.
Suit against websites: Facebook says users are owners of content
"The content on www.facebook.com is owned and controlled by users and Facebook only acts as a host for such content on the Internet," the company said.
Facebook plans $10 bn public issue
Facebook Inc. is considering raising about $10 billion in an initial public offering that would value the site at more than $100 billion.
Facebook, Skype in talks over video calling
Facebook Inc, the world's biggest social-networking company, is holding talks with Skype Technologies SA about offering Web video calls to its 500 million users.
Yahoo chief says Facebook bigger rival than Google
Yahoo! Inc CEO officer Carol Bartz said social networking leader Facebook Inc has emerged as a bigger rival than Google Inc.
Facebook may put off IPO until 2012 to buy time for growth
Facebook Inc will probably put off its initial public offering until 2012, giving chief executive officer Mark Zuckerberg more time to gain users and boost sales, three people familiar with the matter said.
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