Meta intends to monetize Metaverse, and creators aren’t happy
The Metaverse will likely be monetized; something creators do not like.
Meta (previously called Facebook) recently announced its initial plans to enable content creators or digital creators to monetize Horizon Worlds – a potential Metaverse platform. Meta’s planned market share for various c... Read more
Facebook slapped with $18.6 million fine for 2018 breaches of the GDPR in the EU
The Irish Data Protection Commission (DPC) has fined Facebook's parent company, Meta, €17 million ($18.6 million) for a series of past data breaches.
The security flaws in question, which appear to have impacted up to 30 million Facebook users, trace back many years and were reported to the Ir... Read more
Irish regulator may stop Facebook, Instagram Trans-Atlantic data flows this May
In an interview, Ireland's data privacy authority indicated that EU-US data transfers by Meta-owned Facebook and Instagram might be blocked as soon as May. Still, the decision would not immediately affect other large tech companies.
Due to fears that U.S. government monitoring may not respect E.... Read more
Meta is working on a real-time translator for every language in the world
Meta is developing a universal translation machine. The organization promises a solution for the entire world population, including speakers of rare languages that current AI translators don't support.
According to Meta, existing AI translators support 80 percent of all global languages. Rare la... Read more
Meta receives a new draft decision on its EU-U.S. data transfers
"This is not a final decision," a spokesperson for the tech giant was quick to comment.
Facebook has received a “revised” preliminary decision from its lead EU privacy regulator this week. The decision could have implications for its ability to continue to export user data to the US. This i... Read more
Deal on EU tech rules possible by June
The new legislation will have a sweeping impact on U.S. tech giants
EU lawmakers and countries could reach a deal on proposed tech rules by the end of June, according to Reuters. The new laws would force online platforms to better police the internet. The agreement looks likely, despite differe... Read more
Two EU ministers say they’ll be just fine without Facebook
Two ministers from Germany and France say that Meta's withdrawal from the European market will suit them just fine.
The threat by Meta Platforms to quit Europe because of disputes over privacy rules met with aplomb by two top German and French politicians, according to a report in Bloomberg.
... Read more
Meta (Facebook, Instagram) threatens to pull out of Europe
Meta, the parent company of Facebook, is threatening to blackout its social media platforms in Europe if the European Union continues to push EU-US data transfer measures.
According to the social media giant, the processing of user data between countries is essential for service delivery and tar... Read more
Meta shares collapse due to disastrous quarterly results
Facebook parent company Meta recently published its yearly results. Especially the profit in the fourth quarter was lower than expected. The expectations for the first quarter of this year are everything but optimistic. Meta shares plunged 23 percent in hours.
Meta presented the quarterly and an... Read more
European Commission approves Meta’s acquisition of Kustomer
The European Commission has approved Meta's acquisition of Kustomer. The decision was based on a lengthy investigation into the impact of the buyout.
In late 2020, Meta (Facebook at the time) announced the acquisition of Kustomer. Meta hoped to acquire Kustomer for 1 billion dollars (828 million... Read more