Page 24 - Facebook

Meta, Chime file lawsuit against phishing scam on Facebook, Instagram

The lawsuit alleged that the defendants used Facebook and Instagram accounts to impersonate Chime and lure people to fake branded phishing websites

Meta weighs on Wall Street, European stocks rise after rout

Markets are on alert for rate rises in both the euro zone and the United States after the ECB last week was considered to have adopted a more hawkish tone.

Meta executive pitches metaverse business to advertisers

The company's head of metaverse, Vishal Shah, cited opportunities for brands around digital goods and immersive shopping

Early Facebook investor Peter Thiel to step down from Meta board

Thiel reportedly aims to spend time helping elect candidates who he believes will advance former President Donald Trump's agenda in the U.S. midterms, the Congressional elections this year

Meta renews EU exit threat for Facebook, Instagram over data rules

Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses

UK competition watchdog fines Meta $2 million over Giphy acquisition

Meta failed to notify the regulator about the resignation of three key employees and the reallocation of their roles, according to the watchdog

Sky-high markets are new risk to billionaires beyond death and divorce

Mark Zuckerberg's wealth plummeted as much as $31 billion on Thursday, the third-biggest one-day drop in wealth since the Bloomberg Billionaires Index began compiling data in 2012

Meta adds personal boundary to VR avatars to stop sexual harassment

Metaverse may also see sexual harassment from people via their virtual avatars and it has now unveiled 'personal boundary' that prevents avatars from coming within a set distance of each other

Gold heads for weekly gain as US stocks slide

Gold headed for a weekly advance as US equities fell after Meta suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the US Fed's monetary policy path.

Covid LIVE: Gyms, theatres can function with 100% capacity in Karnataka

'Gyms, cinema halls, swimming pools and Yoga centres have been allowed to function with 100% capacity with strictly adhering to Covid appropriate behaviour,' reads the order

Snap and Pinterest stocks soar after results dispel Facebook fears

Both companies topped Wall Street predictions with sales and earnings, with Snap even posting a surprise profit -- its first as a publicly held business

TikTok is the future of social media, agree Meta, Snapchat

In an earnings call, Snap CEO Evan Spiegel said that less time is being spent watching Stories from friends on Snapchat

Zuckerberg tells staff to focus on video products as Meta's stock plunges

Facebook lost a record $251 billion of value in a single day

Meta stock drops 26% in a day, Mark Zuckerberg's wealth down by $29 bn

Meta stock has dropped by more than $200 bn in the biggest single day market value wipeout for a US company; Jeff Bezos, meanwhile, added $20 bn to wealth on Amazon's blockbuster earnings

TikTok, user base, ad share: Reasons Mark Zuckerberg's Meta is in trouble

The company formerly known as Facebook has hit major turbulence as it suffered its biggest one-day wipeout ever.

World stocks fall on central banks' inflation outlook, glum Facebook update

On Wall Street, Facebook-owner Meta Platforms' dour forecast sent its stock plummeting, abruptly ending a nascent recovery built on upbeat earnings from big tech companies

Meta's share price wipe-out shakes up world technology stocks

It marked the company's worst one-day loss since its Wall Street debut in 2012

Australia's wealthiest man drags Facebook to court over scam ads

Forrest, Australia's richest man and chairman of Fortescue Metals Group, said he was taking the action to stop people losing money to clickbait advertising scams

High attrition, employee cost casts spell on IT stks; buy on dips: Analysts

The nervousness in the IT stocks, analysts believe, is on account of rising employee costs at a time the business growth has been modest year-on-year in the December 2021 quarter (Q3FY22)

Facebook plunges over 25% as Tiktok steals user attention

Investors wipe off $200 bn from m-cap after firm misses major projections in earnings update