Texas Attorney General Ken Paxton filed a lawsuit against Facebook (now known as Meta) this week over the company’s use of facial recognition technology in “secretly harvesting Texans’ most personal information,” which Paxton says is in violation of the state’s privacy protections.
In a recent article, Vox’s Recode outlines how Apple’s privacy update that allows users to prevent websites like Facebook from tracking them has had a massively negative effect on the social media giant’s revenue. Facebook (now Meta) relies on gaining access to the entire private lives of its users to appeal to advertisers, and Apple’s commonsense policies have caused major problems for Mark Zuckerberg and the Masters of the Universe.
Social media giant Facebook (now Meta) is reportedly considering shutting down access to its platforms including Instagram in response to EU regulations that may prevent the company from transferring user data to the U.S.
Peter Thiel, the first major investor in Facebook, has announced he will step down from the board of directors for the social media giant (now rebranded as “Meta”) as he focuses on supporting Republican political candidates in 2022.
An Australian court has rejected an appeal from Facebook attempting to overturn a ruling relating to the company’s infamous Cambridge Analytica scandal. The judge called Facebook’s argument that it doesn’t collect data on Australian users “divorced from reality,” saying: “It is not an outlier activity. It is one of the things ‘which makes Facebook work.'”
In a recent interview, well-known NYU marketing professor Scott Galloway took aim at Facebook and Mark Zuckerberg, calling the company’s “Metaverse” concept a “giant flaming bag of shit.”
Facebook CEO Mark Zuckerberg suffered a plunge in net worth of almost $30 billion in one day following a poor earnings report this week. The 26 percent drop in Facebook’s share price represents a historic one-day loss of market value.
Facebook lost more than $232 billion in value following the announcement of the company losing daily users for the first time ever. The humiliating 26 percent drop in the company’s stock price set a record for the largest one-day loss in market value ever in history. The loss is $50 billion more than the previous record holder, Apple’s one-day loss in September 2020 of $182 billion.
The Democrats’ bill to help the U.S. compete against China’s fast-growing manufacturing and technology sectors actually helps China to compete against America, GOP leader Kevin McCarthy said Wednesday.
Facebook has censored a group of American truckers who are following the lead of their Canadian counterparts by organizing a protest against vaccine mandates.
Facebook stated as part of its earnings release on Wednesday that the consumer privacy measures recently taken by Apple have made it harder for Mark Zuckerberg’s empire to track every detail of its users’ lives, which will cost the social media giant $10 billion in 2022 due to a decrease in the ability to target advertisements.
Facebook reported its first-ever quarterly decline of daily users globally this week, sending its stock price plummeting by 23 percent in intraday trading on Thursday.
Sen. Marsha Blackburn (R-TN) slammed collusion between Big Tech and Big Media to control the news that Americans see online, during a hearing on the controversial Journalism Competition and Preservation Act (JCPA).
There’s an arms race to capture the “metaverse,” the posited futuristic world of interconnected virtual realities. Microsoft and Facebook are locked in an increasingly expensive battle for control of what they believe to be the future. But where did this hype come from?
Facebook’s decision to shift its focus from social networking to virtual reality worlds, now broadly called the “metaverse,” has caused disarray throughout the company, according to a report in the New York Times.
Democrats on the Senate Judiciary Committee will hold a hearing next week to begin considering a highly controversial bill that would allow media companies to form a collective bargaining cartel, a proposal that critics have warned will empower big media companies and harm independent journalism.
According to recent reports, the Facebook-sponsored cryptocurrency project Libra appears to be shutting down.
Facebook (now Meta Platforms) announced this week that its research team has developed a new artificial intelligence supercomputer that the company believes will be the fastest in the world.
Two of the nation’s largest tech conglomerates, Amazon and Facebook, spent millions last year lobbying members of Congress to back legislation expanding legal immigration levels and amnesty for illegal aliens, records show.
The New York Post recently published an excerpt of Peter Schweizer’s new book “Red-Handed: How American Elites Get Rich Helping China Win,” which outlines how American elites — including the Silicon Valley Masters of the Universe — purposefully aid the communist regime of China.
The Wall Street Journal states in a recent article that Microsoft’s latest moves in the gaming and online community space show that while Facebook is attempting to shape the future of the online metaverse, Microsoft isn’t going to allow the social media giant to control it so easily.
Recent patents filed by Facebook (now Meta) reveal how the company plans to generate profit from its metaverse virtual reality platform. According to the patents, Facebook plans to track everything from eye movements to nose twitches as its users explore the new platform.
Facebook (now Meta) has found its VR division under investigation by the Federal Trade Commission (FTC) and multiple U.S. states over renewed antitrust violation allegations.
Google CEO Sundar Pichai and Facebook founder and CEO Mark Zuckerberg personally signed off on a deal to allow the latter company to gain an artificial advantage in Google’s ads market, according to a multi-state antitrust case led by Texas attorney general Ken Paxton.
As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, global financial elites “have had a terrific pandemic” according to a report released Monday.
Digital real estate in the metaverse is reportedly being sold for millions of dollars in some cases as more people buy into the hype of digital reality. One investor spent $450,000 to be the virtual neighbor of rapper Snoop Dogg.
Facebook (now called Meta) is facing a $3.2 billion lawsuit over the alleged exploitation of its UK users. One expert involved in the lawsuit said: “They are exploiting users by taking their personal data without properly compensating them for taking that data. I don’t think the users are entirely clear when they click on the terms and conditions how unfair that deal is.”
Senator Josh Hawley (R-MO) has written a letter to Facebook CEO Mark Zuckerberg demanding that he respond to an investigation that claimed that drug dealers are openly selling illegal drugs including opioids on Instagram. Hawley wrote that “It is unconscionable that any company would aid and abet this epidemic of death and despair.”
Mozilla, the organization behind the popular Firefox web browser, is conducting a study to analyze Facebook’s “tracking pixels” that track user actions across the internet. The “Facebook Pixel Hunt” aims to understand how Facebook pulls data about users from millions of websites that contain its tracking pixels even when they aren’t using the Facebook platform.
A federal judge has ruled that the FTC can move forward with its revised antitrust case against Facebook. The judge rejected Facebook’s request to dismiss the case, writing: “Although the agency may well face a tall task down the road in proving its allegations, the court believes that it has now cleared the pleading bar and may proceed to discovery.”
Facebook (now known as Meta) recently lost its head of communications, just the latest in a growing parade of top executives fleeing the company for calmer waters in the wake of a scandal-plagued 2021.
The CEO of digital bank Starling said that the company will stop buying ads on Facebook and Instagram, which places its ads “alongside scammers who are going after the savings of our customers and those of other banks.”
Google and Facebook have reportedly been fined millions by France’s data protection agency for using “dark patterns,” a type of coercive user interface design, to confuse users into accepting tracking cookies. Google faces a fine of $170 million and Facebook $68 million, which represent a minuscule percentage of Big Tech’s massive profits.
Poland’s government has taken Meta to task for banning a eurosceptic party with representation in the Polish parliament from Facebook.
Facebook (now known as Meta) recently announced a number of virtual reality concerts set to take place in its Horizon Venues metaverse — but all three shows were largely ignored by the general public.
Facebook has suspended the page of Rep. Marjorie Taylor Greene (R-GA), an action that came fast on the heels of Twitter permanently banning the Republican congresswoman’s account.
The richest billionaires in the United States grew their wealth by more than $340 billion over the last year, while the wealth held by the American middle class shrinks.
2021 has been a challenging year for many, especially as coronavirus restrictions continued and many businesses and schools remained remote. As the demand for online services remained high, the Big Tech Masters of the Universe were sometimes unable to keep up. Here are some of the biggest tech fails of 2021.
Science Feedback, a third-party Facebook “fact checker” known for its controversial fact-checks of news stories and op-eds that challenge official opinion, has admitted it was wrong to fact-check and censor a Reason article. The article stated that the study relied on by the CDC to promote mask mandate in schools is bogus.
Tech giant Apple has reportedly issued significant stock bonuses to some engineers in an attempt to prevent top talent leaving for Facebook. The retention bonuses are as much as $180,000 for key engineering talent.
