Meta says it’s “absolutely not” leaving Europe over European Union-U.S. data transfers, refuting reports in the press, according to a company blog post published Tuesday (Feb. 8). “Like all publicly-traded companies, we are legally required to disclose material risks to our investors,” the company wrote....
Meta has teamed with a financial services company to file a joint lawsuit against two Nigerian individuals for engaging in fraudulent activity, according to a company blog post published Tuesday (Feb. 8). The individuals had reportedly been conducting phishing attacks to gain access to users’...
Complete with holographic avatars fencing and shooting hoops, the VP of Meta’s Metaverse unit Vishal Shah closed out the first day of speakers at an advertising conference with a speech about the perks and profits of the metaverse, according to reports. Shah spoke at the...
Meta has unveiled the AI Research SuperCluster (RSC), a supercomputer that the social media giant says will — by mid-year — be the fastest on earth, and that is designed to help the company enter the metaverse. “AI can currently perform tasks like translating text...
Meta Platforms stock surged to more than $346 per share on Monday (Dec. 27), its highest closing price in about six weeks, after Santa Claus and his helpers wrapped up a surprising number of Oculus virtual reality headsets for good little boys and girls —...
Meta is offering new tools for creators on Facebook to monetize their work and track their audience growth. According to the company blog and a variety of published reports this week, the platform’s new professional mode lets creators access the bonus program offered in Reels....
Maybe it’s just a pronunciation bias given PYMNTS’ roots in Boston, or perhaps it’s the result of reading a steady flow of headlines extolling the new and improved virtual future of the company most people still refer to as Facebook. Whatever the reason, after five...
Citing potential harm to social media users and U.K. advertisers, the U.K.’s Competition and Markets Authority (CMA) announced its decision to require Meta (formerly Facebook) to sell GIF generator Giphy, according to a Tuesday (Nov. 30) press release. The CMA determined that Facebook’s acquisition of...
