Category: Facebook

Facebook Hit With 822 Election Campaign Finance Violations: ‘Largest Fine in US History’ | Facts Matter

November 7, 2022
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Facebook is the world’s largest social media platform. However, despite meteoric growth over the last decade, it’s now facing a litany of challenges. Facebook’s stock price has crashed—taking Mark Zuckerberg’s net worth down by $71 billion in the process—it’s poised to lay off thousands of employees, its metaverse product is being used by hardly anyone,…

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How Did Twitter and Facebook Get So Bloated?

November 7, 2022
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Commentary Over the weekend, it leaked that Facebook, newly and absurdly named Meta after its worst-performing division, plans mass layoffs in hopes of saving the company from its one-year collapse of nearly 75 percent in market capitalization. In other words, Facebook is getting Twitterized. No longer will its 87,000 employees automatically continue to live a…

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Judge Orders Meta to Pay $10.5 Million in Legal Fees to Washington

October 29, 2022
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SEATTLE—Facebook parent company Meta has been ordered to pay $10.5 million in legal fees to Washington state atop a nearly $25 million fine for repeated and intentional violations of campaign finance disclosure laws. King County Superior Court Judge Douglass North issued the legal-fee order Friday, two days after he hit the social media giant with…

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Meta’s ‘Arrogance’ Results in Washington Court Fining Company Nearly $25 Million for Disclosure Violations

October 27, 2022
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A Washington state court fined Meta $24.66 million for intentionally violating campaign finance disclosure law—the largest-ever such penalty in U.S. history—which was imposed on the company for repeatedly violating state law. The parent company of social media behemoth Facebook was fined the maximum allowed under the Fair Campaign Practices Act for 822 violations. Washington State…

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Tech Giants Facebook, Google, Apple Could End Up Collaborating on Creating Metaverse: Expert

October 20, 2022
Business & MarketsCompaniesFacebookMark ZuckerbergMedia & Big TechmetaverseSocial MediaTechTech NewsUSUS News
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Tech giants like Google, Facebook (now Meta), and Apple could end up collaborating on creating a Metaverse rather than going it alone, according to Rob Nicholls, associate professor of governance at the University of New South Wales. His comments come amid reports Mark Zuckerberg’s Metaverse is struggling to attract large numbers to its virtual reality…

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‘Final Word’: Facebook Parent Meta Ordered to Sell Giphy After Landmark Ruling by UK Regulator

October 19, 2022
Business & MarketsCompanieseconomic policieseconomyFacebookGiphyMedia & Big TechmetaregulatorsUKWorld
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Meta this week accepted a reissued ruling by the British competition regulator to divest itself of its social media animation unit, Giphy. The decision by the Competition and Markets Authority (CMA) was first announced last year, which Meta unsuccessfully appealed. The CMA again declared on Oct. 18, that Meta’s acquisition of Giphy would allow it to “limit…

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Court Urged to Penalize Facebook Parent Meta Over $24 Million for Legal Violations

October 18, 2022
Business & MarketsCompaniesFacebookJudiciaryMedia & Big TechmetaSocial MediaTechUSUS NewsWashington state
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A court in Washington state has been urged to make Facebook parent company Meta pay more than $24 million for intentionally violating state law. King County Superior Judge Douglass North recently ruled that Meta deliberately violated the state’s Commercial Advertiser Law, which mandates certain information on political advertisements be handed over when requested. There were…

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Court Urged to Penalize Facebook Parent Company Over $24 Million

October 18, 2022
Business & MarketsCompaniesFacebookJudiciaryMedia & Big TechmetaSocial MediaTechUSUS NewsWashington state
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A court in Washington state has been urged to make Facebook parent company Meta pay more than $24 million for intentionally violating state law. King County Superior Judge Douglass North recently ruled that Meta deliberately violated the state’s Commercial Advertiser Law, which mandates certain information on political advertisements be handed over when requested. There were…

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Facebook Users Lose Followers Mysteriously, Mark Zuckerberg’s Number Down to Mere 9,993

October 14, 2022
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Meta Platforms Inc.’s Facebook users complained of losing their followers on Wednesday for no apparent reason—even META CEO Mark Zuckerberg wasn’t spared. What Happened Owing to a bug impacting users worldwide, Zuckerberg lost over 118 million followers. Many users reported similar issues with their friend lists declining significantly without any concrete explanation from the social…

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FBI Agents Involved in Facebook’s Suppression of Hunter Biden Laptop Story Were Democrat Donors: Records

October 12, 2022
Big Tech, Censorship, and Socialismcensorshipconstitutional rightsDemocratsFacebookFBIFeatured TopicsHunter BidenmetaPoliticsUSUS News
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Two FBI agents whose communications with Meta resulted in the social media company’s suppression of the Hunter Biden laptop story were donors of the Democratic Party, records show. Mark Zuckerberg, CEO of Meta, the parent company of Facebook, told Joe Rogan in late August that the company actively reduced the reach of social media posts about the…

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