Meta Platforms Inc., owner of Facebook, Instagram, and WhatsApp, slashed jobs across its business and operations units on Wednesday as part of a plan announced last fall to eliminate 10,000 jobs in the course of a broader restructuring program. Dozens of Meta employees from enterprise engineering, marketing, corporate communications, site security, program management, and content…

The Supreme Court on Jan. 9 allowed Facebook parent Meta to move forward with a lawsuit claiming Israeli spyware maker NSO Group improperly accessed WhatsApp servers as it was installing spyware on the electronic devices of some users. NSO Group had asked the high court to halt the lawsuit in the petition filed in NSO…

Ireland’s Data Protection Commission (DPC) has slapped Facebook owner Meta Platforms Ireland Limited (MPIL) with a fine of €265 million ($277 million) for violating user privacy. The penalty is related to an investigation that began in April last year after it came to light that a collated dataset of Facebook personal data was available online,…

Some addictive products come from screens, not syringes, according to new lawsuits against Instagram. As stated in whistleblower documents, Instagram’s parent company Meta knew for years that its network caused addiction that damaged children’s mental health. Lawsuits by eight former teen Instagram users including Laura Ashman, Chesapeake Dowdy, and Brianna Perez demand damages based on Instagram’s alleged…

Meta-owned Instagram has been fined 405 million euros ($403 million) by the Irish Data Protection Commission after it was found that the platform violated European privacy law General Data Protection Regulation (GDPR). In 2020, the Irish Data Protection Commission kicked off an investigation into Instagram because the platform made accounts of children between the ages…

Facebook-parent Meta Platforms Inc. said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business. The offering would help Meta, the only one among big technology companies without debt on its books, to build a more traditional balance sheet and…

Meta, the owner of Facebook, is planning to scale down its hiring activities, CEO Mark Zuckerberg revealed on June 30 while also indicating that some workers will lose their jobs. Speaking during a weekly employee Q&A session, Zuckerberg expressed worries about the state of the economy, warning workers to brace for a deep economic downturn….

Meta Platforms Inc. said on Tuesday it had closed its acquisition of Kustomer, a U.S. customer service startup, after winning conditional EU antitrust approval for the deal last month. The purchase was first announced in November 2020 but got delayed due to regulatory scrutiny including a full-scale investigation from the European Commission. The probe came…

NEW YORK—Billionaire Leon Cooperman, hedge fund Lone Pine Capital, and mutual fund manager Polen Capital were among firms that greatly reduced their positions in Facebook-parent Meta Platforms Inc. in the quarter that ended Dec. 31, potentially protecting them from some losses during the company’s record one-day plunge in Feb, according to securities filings released on…

Facebook’s parent company, Meta Platforms, extended its losses Monday, hovering around $230 a share, as the fallout from a rough earnings report intensifies. In its fourth-quarter report, the social media giant formerly known as Facebook confirmed earnings of $3.67 per share, down from $3.88 a share last year. Earnings also fell short of the market…