Ireland's data privacy regulator imposed a 265 million euro ($277 million) fine on social media giant Facebook on Monday, bringing the total it has fined parent group Meta to almost 1 billion euros.
Facebook owner Meta will lay off more than 11,000 of its staff in "the most difficult changes we've made in Meta's history", boss Mark Zuckerberg said on Wednesday.
A 34-year-old man livestreamed his suicide on Facebook in April this year, heard an inquest.
Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter.
Britain's competition regulator has ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after a tribunal upheld its view that the acquisition could damage its rivals and remove a potential competitor in advertising.
Some of Britain's top open-ended property funds are rolling out new measures to manage investor exit requests, as challenges in meeting redemptions continue to rise amid a sell-off in some UK risk assets.
The Children's Health Defense (CHD), which has been a critic of Covid vaccines, immediately accused Meta of stifling its free speech rights.
Meta lost about two million monthly users between quarters, and Netflix shed nearly a million paying customers, which was less than expected.
Facebook-parent Meta reported on Wednesday its first quarterly revenue drop.
Facebook removes Afghan media pages controlled by Taliban
France's anti-trust watchdog body said on Thursday that it had approved commitments made by Facebook owner Meta Platforms regarding the French online advertising sector.
Alphabet Inc unit Google, Facebook Inc, Twitter Inc and other tech companies will have to take measures to counter deepfakes and fake accounts on their platforms or risk hefty fines under an updated European Union code of practice, according to an EU document seen by Reuters.
Sandberg exit unlikely to improve Facebook: whistleblower
Sheryl Sandberg's exit from Meta Platforms Inc comes at a crucial time for the Facebook parent as it pivots to "metaverse" in the face of slowing ad revenue, although Wall Street analysts say her departure will not be as significant.
Former US President Donald Trump's social media app Truth Social which was launched in February, has been termed a "disaster," by experts.
Sir Lanka has revoked the ban imposed on social media platforms like WhatsApp, Twitter, Facebook, and Instagram hours after it announced the ban on Sunday.
The New York-based firm Ethic claims it will only invest in businesses it believes passes its "social responsibility criteria."
Facebook has pushed back hard against the outrage regarding its practices and impact
Trump has begun holding public events, including campaign-style rallies, as he seeks to remain the nation's most influential Republican.
Facebook has six months to decide on a permanent ban or a time-bound suspension for the former U.S. president.
The filing of cases against these social media giants came after Alexei Navalny's imprisonment and sentencing.
The German claims that he was stereotyped partly because of his blonde hair and blue eyes.
