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Meta

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more
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9 February, 2023

Meta lost $14B in 2022 on its metaverse bet, but Zuckerberg wants to invest more

Q4 2022 was Meta’s Reality Labs’ worst one yet, with a $4.3 billion loss; while Zuckerberg laid off 11,000 workers...
Meta wins court battle with FTC over the acquisition of VR platform Within Unlimited: report
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7 February, 2023

Meta wins court battle with FTC over the acquisition of VR platform Within Unlimited: report

A California judge denied the FTC's injunction request, arguing that Meta would dominate the VR industry by acquiring the VR...
Irish privacy regulator fines Meta more than $400M over illegal ad practice
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6 January, 2023

Irish privacy regulator fines Meta more than $400M over illegal ad practice

The decision by Ireland's Data Privacy Commissioner (DPC) found that Meta had illegally forced users to accept personalized ads by...
Philippine central bank removes Novi from exclusive list of VASP licensees
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1 December, 2022

Philippine central bank removes Novi from exclusive list of VASP licensees

Novi is no longer a registered Virtual Asset Service Provider in the Philippines following BSP's decision to remove it from...
More bad news for Meta as Irish DPC imposes €265M fine over GDPR violations
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30 November, 2022

More bad news for Meta as Irish DPC imposes €265M fine over GDPR violations

The Irish Data Protection Commission assessed Facebook search, FB messenger contact importer, and Insta contact importer tool and found that...
Meta begins mass layoffs—why?
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10 November, 2022

Meta begins mass layoffs—why?

Meta CEO Mark Zuckerberg proceeds with the company's mass layoffs following a turbulent year and his desire to create a...
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