Meta: Instagram owner has first ever fall in sales revenue but monthly Facebook usage grows July 28, 2022 Facebook and Instagram owner Meta had its first ever drop in sales revenue in the first time in its history. The social media giant’s revenue stood at $28.2bn in the first three months up to June this year, down from $29bn in the same period last year, marking a one per cent fall. The Mark [...]
All eyes on Silicon Valley as Big Tech braces itself for a tense earnings week July 25, 2022 2022 has undoubtedly been a year of turbulence for tech stocks, battling major sell-offs and supply chain woes.
Win for Facebook: Judge orders UK competition watchdog to revisit Meta Giphy sale July 18, 2022 Judges have called on the UK competition watchdog to revisit its ruling on the Competition and Markets Authority's (CMA) ruling that Meta should sell Giphy.
Instagram teams up with London ID firm Yoti to test age verification feature June 23, 2022 Instagram have teamed up with London-based startup Yoti to test a new age verification feature for 18 and over accounts.
Sorry Zuckerberg: UK competition watchdog gets green light for majority of Meta Giphy merger probe June 14, 2022 The Competition Appeal Tribunal (CAT) has backed the majority of the UK competition watchdog's probe into Meta's merger with Giphy, causing a mighty blow for the Facebook owner's team.
Meta boosts parental controls for Instagram and the metaverse for Brits June 14, 2022 Facebook parent company Meta has boosted its parental controls, bringing greater safety to its virtual reality offerings as well as social media.
Tech giants concede to EU anti-disinformation code as bloc continues crack down June 13, 2022 Tech firms are gearing up to sign the European Union's fresh anti-disinformation code, having made concessions on the types of data they are willing to share with countries.
Sheryl Sandberg steps down as Meta COO after 14 years alongside Zuckerberg June 2, 2022 Sheryl Sandberg is stepping down as Meta’s chief operating officer after working for 14 years alongside Mark Zuckerberg. The senior executive announced her decision in a Facebook post, where she said that it was time for her to “write the next chapter of my life.” “Over the next few months, Mark and I will transition [...]
Ofcom chief: Big Tech needs better protection for women June 1, 2022 Ofcom chief Dame Melanie Dawes has called for more to be done to protect women online after finding that they were more likely to be victims of abuse than men.
Facebook whistleblower Frances Haugen talks Meta, Musk and online safety May 25, 2022 City PM chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
