Cybersecurity units from the National Guard will be activated to help mitigate risks around the midterm elections in 14 U.S. states. Facebook parent Meta is preparing for large-scale layoffs this week. The move will likely affect thousands of employees. The midterm elections are on Nov. 8. President Joe Biden and former President Donald Trump both…
NTD Good Morning (Nov. 4): National Guard Cybersecurity Units Monitors Midterms in 14 States; META Prepares for Layoffs
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…
US Stock Indexes End Mixed as Facebook Parent Company Slumps
Wall Street delivered another mixed finish for stocks Thursday, as disappointing quarterly results from several big tech companies offset gains elsewhere in the market. The S&P 500 fell 0.6 percent, with about 44 percent of stocks within the benchmark index losing ground. The tech-heavy Nasdaq fell 1.6 percent, while the Dow Jones Industrial Average rose…
Mark Zuckerberg Has Lost $100 Billion in Net Worth Amid Meta Stock Collapse
Mark Zuckerberg’s net worth plunged by another $11 billion Thursday after his Meta Platforms reported another quarter of disappointing earnings, with some saying that his wealth has dropped more than $100 billion in 13 months. Zuckerberg was once worth $142 billion in September 2021, according to Bloomberg News. Now, the 38-year-old is estimated to be worth…
LIVE NOW: U.S. Economy Grew 2.6% in 3rd Quarter; IEA: Extra $2T Needed For Climate Goals | NTD Business
The U.S. economy grows for the first time this year, but does it mean we are no longer facing a recession? We have analysis. The International Energy Agency lays out its plan to hit net zero emissions by 2050. It wants to double investments in renewable energy, from $2 trillion to $4 trillion. Shares of…
US Economy Grew 2.6 Percent in 3rd Quarter; IEA: Extra $2 Trillion Needed for Climate Goals | NTD Business
The U.S. economy grows for the first time this year, but does it mean we are no longer facing a recession? The International Energy Agency lays out its plan to hit net zero emissions by 2050. It wants to double investments in renewable energy, from $2 trillion to $4 trillion. Shares of tech giant Meta plunged…
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…
Facebook Parent Meta Stock Plunges 24 Percent, Making Zuckerberg ‘Poorer’ by More Than $10 Billion
Facebook parent Meta saw its stock price plunge more than 20 percent intraday on Oct. 27, amid broader carnage in U.S. tech stocks as investors pulled back amid the impact of soaring inflation on ad spending. Shares of Meta were down as much as 24 percent on Thursday, trading at around $100, a low not…
Meta Fined $24.7 Million for Violating Washington State’s Campaign Finance Transparency Law
Tech giant Meta Platforms Inc. has been fined $24.6 million for violating Washington state’s campaign finance transparency laws in a victory for state Attorney General Bob Ferguson, who had asked that the judge impose the maximum penalty. Judge Douglass North of King County Superior Court ruled on Wednesday that Meta, the parent company of Facebook, intentionally violated Washington law…
Turkish Competition Board Fines Meta Platforms $18.6 Million
ISTANBUL—Turkey’s competition authority has fined Facebook parent Meta Platforms Inc. 346.72 million lira ($18.63 million) for breaking competition law, it said on Wednesday. The Turkish regulator said the company held a dominant position in personal social networking services and online video advertising and had obstructed competitors by merging data collected through its core services Facebook,…
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