Meta requests a judge to dismiss the FTC lawsuit.
On Thursday, Meta requested a federal judge to dismiss the Federal Trade Commission (FTC) case accusing the company of antitrust violations. They contended that the FTC has not adequately demonstrated that Meta holds a monopoly in personal social networking or that its purchases of Instagram and WhatsApp were anti-competitive. The argument from Facebook’s parent company […]
Meta postpones launch of major ‘Behemoth’ AI model due to engineering challenges.
Meta, the company led by Mark Zuckerberg, has decided to postpone the launch of its ambitious AI model, “Behemoth,” due to concerns regarding its abilities. According to a report from the Wall Street Journal, sources familiar with the situation indicated this on Thursday. Engineers at the company have faced difficulties in making substantial advancements with […]
Parents group takes aim at META following harsh report on child sexual exploitation
The American Parents Coalition (APC) is urging various Congressional Committees to launch an investigation into how Meta prioritizes engagement metrics that may endanger child safety. This appeal is part of a broader strategy initiated by the APC, which includes outreach to lawmakers, the introduction of a parental notification system designed to assist parents in addressing […]
Meta executive cautioned that ‘fake engagement’ on Instagram might reach about 40% according to court documents.
Documents unveiled during a recent FTC trial revealed that Meta executives were once worried about 40% of interactions on Instagram being flagged as “fake.” This alarming detail came to light in a 2018 email exchange involving Instagram’s current head, Adam Mosseri, alongside other executives who alerted that the platform was underestimating its integrity efforts in […]
Meta is exploring the use of stablecoins for international payments.
Meta is reportedly exploring the use of stablecoins for cross-border payments. The company is in talks with various crypto firms and plans to utilize multiple types of stablecoins, according to an unnamed source quoted by Fortune on May 8. The idea is to facilitate international transactions without incurring the fees typically associated with wire transfers […]
Meta Encouraged Big Tech Critic to Offer Support Before FTC Antitrust Trial
The Media Research Center (MRC) alleges that Mark Zuckerberg’s Meta attempted to court a well-known conservative watchdog group just before its significant antitrust trial with the FTC, which aims to reverse the acquisitions of Instagram and WhatsApp. Multiple sources indicate that Meta officials reached out to MRC executive Schneider in early April, coinciding with the […]
Meta sought assistance from Big Tech critic Media Research Center right before the FTC trial, according to sources.
Meta seems to be reaching out to influential critics in the tech sphere, presumably to win favor with Zuckerberg and sidestep a significant antitrust trial looming on the horizon. The Federal Trade Commission has accused Zuckerberg of employing a “buy or bury” tactic to maintain its monopoly status, which led to Meta selling off Instagram […]
FTC Calls Instagram a Safe Haven for Groomers at Meta Antitrust Trial
FTC Highlights Instagram’s Risks for Minors in Ongoing Antitrust Trial Internal documents from Instagram, shared by the FTC during its antitrust case against Meta, reveal that an automated algorithm on the platform suggests connections between children and potential predators. The 2019 report, titled “Inappropriate Interactions with Children on Instagram,” outlines how this recommendation system facilitates […]
Israeli spyware company NSO instructed to compensate Meta and WhatsApp almost $170 million for hacking.
A federal judge in California has ordered the Israeli cyber intelligence firm NSO Group to pay Meta and WhatsApp nearly $170 million for hacking approximately 1,400 users of the messaging app. The company, known for its Pegasus surveillance tool, is set to pay $167,256,000 in punitive damages along with an additional $440,000 in compensation. This […]
Legal battle between Meta and NSO concludes with a $168 million loss for the spyware company
Meta Wins $168 Million Verdict Against NSO Meta Platforms has secured a $168 million decision against the Israeli surveillance company NSO, marking the conclusion of a six-year legal battle between the prominent U.S. social networking platform and the infamous spyware firm. The case stemmed from NSO’s unlawful exploitation of a vulnerability in Meta’s messaging service, […]