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☆ Meta says it will appeal US judge's ruling in privacy fight with FTC
▼ + stars: | 2023-11-28 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +2 min

A Meta logo is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 19, 2023. Judge Timothy Kelly of the U.S. District Court for the District of Columbia denied a motion filed by Meta on Monday for the court to hear the dispute with the Federal Trade Commission (FTC). Meta in a court filing on Tuesday said it would appeal Kelly's decision to the U.S. Court of Appeals for the District of Columbia. The dispute started in May when the FTC proposed changing a settlement reached in 2019 that required Facebook, which became Meta in 2021, to pay $5 billion. The FTC said it would tighten the 2019 settlement to bar Meta from making money off data collected on users under age 18, including in its virtual reality business.

Persons: Eric Gaillard, Timothy Kelly, Diane Bartz, Mark Porter, Richard Chang Organizations: Cannes Lions International, Creativity, REUTERS, WASHINGTON, Facebook, U.S, District of Columbia, Meta, Federal Trade Commission, U.S ., Appeals, FTC, Thomson Locations: Cannes, France, U.S

Russia has added the spokesman of U.S. technology company Meta, which owns Facebook and Instagram, to a wanted list, according to an online database maintained by the country’s interior ministry. The interior ministry’s database doesn't give details of the case against Stone, stating only that he is wanted on criminal charges. In March this year, Russia's federal Investigative Committee opened a criminal investigation into Meta. It alleged that the company's actions following Moscow's full-scale invasion of Ukraine on Feb. 24, 2022 amounted to inciting violence against Russians. In April 2022, Russia also formally barred Meta CEO Mark Zuckerberg from entering the country.

Persons: Andy Stone, Stone, Meta didn't, Mediazona, ’ ”, couldn't, X, Mark Zuckerberg Organizations: Meta, Tass, federal, Russian, Facebook, Twitter Locations: Russia, Russian, Ukraine

☆ Taylor Swift and Travis Kelce: NFL Commissioner Roger Goodell ‘welcomes’ attention surrounding pop star and tight end
▼ + stars: | 2023-11-23 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —The most famous relationship in the world right now has the stamp of approval from the National Football League’s (NFL) commissioner. Roger Goodell, who has served as commissioner since 2006, appeared on CBS Mornings ahead of the NFL’s Thanksgiving games and discussed the superstar pairing of singer Taylor Swift and Kansas City Chiefs tight end Travis Kelce. In October, Kelce and his brother said in their podcast that the NFL was “overdoing it a little bit” on social media regarding the romance between the pop star and the Chiefs tight end. I think it brings a little bit more to the atmosphere, brings a little bit more to what you’re watching. Kelce and Kansas City, who have a 7-3 record heading into Week 12 of the NFL regular season, will take on the Las Vegas Raiders at Arrowhead Stadium on Sunday.

Persons: Roger Goodell, Taylor Swift, Travis Kelce, ”, “, That’s, Swift, Travis, Football’s, Kelce, Jason, we’ve, ” Kelce, I’ve, I’m Organizations: CNN, National Football League’s, CBS, Kansas City Chiefs, NFL, Chiefs, New York Jets, February’s, Forbes, NBC, Arrowhead, Philadelphia Eagles, Kansas City, Las Vegas Raiders Locations: Buenos Aires, Argentina, Kansas

☆ Zoom lifts annual results forecast as AI features boost demand
▼ + stars: | 2023-11-20 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

Zoom now expects annual adjusted profit per share between $4.93 and $4.95, higher than its prior forecast of $4.63 and $4.67. The company lifted its full-year revenue forecast to between $4.506 billion and $4.511 billion, from $4.485 billion to $4.495 billion earlier. The company's quarterly free cash flow grew 66.2% to $453.2 million, and Zoom expects $1.34 billion to $1.35 billion for the full year. The Phone segment grew to roughly 7 million paid seats while Contact Center reached about 700 customers as of quarter-end. For the third quarter, revenue grew 3.2% to $1.14 billion, slightly above estimates.

Persons: Dado Ruvic, Webex, Eric Yuan, Rishi Jaluria, Samrhitha, Devika Organizations: REUTERS, Communications, RBC, Contact, Thomson Locations: Bengaluru

☆ Meta Oversight Board to review handling of video showing unveiled woman in Iran
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. The board can issue recommendations to Meta, which are not binding, but the company has to respond to them within 60 days. In a statement, the board said the Instagram video it was reviewing showed the face of the woman, who was arrested following the confrontation. The board said the video had initially been flagged by AI for violating community guidelines, and sent for human review. The board said the case of the video falls within its strategic priorities that include crisis and conflict situations and gender.

Persons: Yves Herman, Mahsa Amini, Gnaneshwar Rajan, Shubham, Katie Paul, Miral Organizations: REUTERS, Instagram, Meta, Facebook, Thomson Locations: Brussels, Belgium, Iran, Bengaluru, San Francisco

☆ Snapchat users can now buy Amazon products without leaving the app
▼ + stars: | 2023-11-15 | by ( Sergio Padilla | ) edition.cnn.com time to read: +2 min

New York CNN —Amazon will now run shopping ads for select products on popular photo messaging app Snapchat, an Amazon spokesperson confirmed to CNN. Unlike prompts to get a user to open their phone’s web browser, Amazon’s shopping ads will allow them to shop and check out without having to exit the Snapchat app. “For the first time, customers will be able to shop Amazon’s Snapchat ads and check out with Amazon without leaving the social media app,” the Amazon spokesperson said in an email to CNN. “Customers in the U.S. will see real-time pricing, Prime eligibility, delivery estimates, and product details on select Amazon product ads in Snapchat as part of the new experience. The Amazon partnership could put Snapchat one step closer to competing with the robust in-app shopping experiences of rivals like Instagram.

Persons: ’ Organizations: New, New York CNN, Amazon, CNN, “, Instagram, Meta’s Facebook Locations: New York, U.S, Snapchat

☆ Google fined $164,000 for failing to store user data inside Russia
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsMOSCOW, Nov 14 (Reuters) - Google (GOOGL.O) was fined 15 million roubles ($164,000) on Tuesday for repeated refusal to store Russian users' data on servers inside Russia, a Moscow court said. Russia has repeatedly clashed with foreign technology companies over content, censorship, data and local representation in a simmering dispute that intensified after Moscow sent its armed forces into Ukraine in February 2022. Google's Russian subsidiary has been under pressure in Russia for failing to delete content Moscow deems illegal and for restricting access to some Russian media on YouTube. The technology giant's Russian unit filed for bankruptcy in summer 2022 after authorities seized its bank account, making it impossible to pay staff and vendors.

Persons: Arnd, Felix Light, Kevin Liffey Organizations: REUTERS, Rights, YouTube, Kremlin, Twitter, Facebook, Google, Thomson Locations: Zurich, Switzerland, Russia, Moscow, Ukraine

☆ Fact Check: Clip of Ocasio-Cortez urging trip to the Sun to ‘take samples’ is altered
▼ + stars: | 2023-11-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An altered video of U.S. Representative Alexandria Ocasio-Cortez adds fake audio and visuals to make it appear that the New York congresswoman is urging scientists to study climate change by taking a trip to the Sun to "take samples”. Ocasio-Cortez made no such remark in the original interview that aired on CBS, and the altered version originates from a meme account that describes its offerings as “doctored videos”. A spokesperson for Ocasio-Cortez also said that the clip circulating online “is fake”. In the altered clip, Ocasio-Cortez sits behind a round glass desk calling for a study into the effects of climate change by focusing on “the main source of all heat in our solar system, the Sun”. Crazy.”However, the clip augments visuals and audio from an interview given by Ocasio-Cortez to CBS’ "Face the Nation" in late September, where she made no such remarks.

Persons: Representative Alexandria Ocasio, Cortez, Elon, Elon Musk, Read Organizations: U.S, Representative, New, CBS, Sun, Ocasio, Reuters, Thomson Locations: New York

☆ Fact Check: Mel Gibson post suggesting ‘the end’ of Israel is fake
▼ + stars: | 2023-11-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

The screenshot of a purported social media post from actor Mel Gibson showing an hourglass within an Israeli flag background is fake, according to a representative for the actor, who added that Gibson has no social media accounts. In response to the viral screenshot, Gibson’s representative Alan Nierob said in an email: “It is a fake post as Mr. Gibson does not have any social media platforms.”Reuters found no evidence of Mel Gibson having a verified account on social media platforms including Facebook, X and Instagram. No authentic post by Gibson resembling the fabricated screenshot could be found on any social media platforms. Gibson apologized in 2006 for antisemitic remarks he made during an arrest in Los Angeles for driving while intoxicated, according to reports by ABC News and The Guardian. Mel Gibson does not have an account on social media and the screenshot of a post attributed to Gibson is fake, according to a representative for the actor.

Persons: Mel Gibson, Gibson, David, Alan Nierob, Read Organizations: Facebook, Reuters, ABC News, Guardian, Thomson Locations: Los Angeles

The superhero factory hit a new low with the weekend launch of “The Marvels,” which opened with just $47 million, according to studio estimates Sunday. It was also the rare Marvel movie led by three women — Larson, Teyonah Parris and Iman Vellani. After numerous strike-related delays, the only Marvel movie currently on the studio’s 2024 calendar is “Deadpool 3,” opening July 26. While quite low for a $200 million movie, “Killers of the Flower Moon” is primarily an awards-season statement by Apple of its growing moviemaking ambitions. "The Marvels,” $47 million.

Persons: Brie Larson, Captain Marvel, ”, aren’t, Marvel ”, David A, Gross, Sony’s, Morbius, Nia DaCosta, — Larson, Teyonah Parris, Iman Vellani, Bob Iger, ” Gross, “ Barbie, Larson, Taylor Swift’s, Swift, Sofia Coppola's “ Priscilla, Cailee Spaeny, Priscilla Presley, Jacob Elordi, Martin Scorsese's, Alexander Payne's, Paul Giamatti, Comscore, “ Taylor Swift, “ Priscilla, Jake Coyle Organizations: Marvel, Research Entertainment, Walt Disney Co, Disney, Rotten, Warner Bros, “, Universal Pictures, AMC Theatres, Apple Studios, Paramount Pictures, Apple, Sony's Locations: Bethlehem

☆ After job cuts at Travis Kalanick's food tech startup, an exec discusses challenges and rallies staff with bullish comments on Future Foods
▼ + stars: | 2023-11-09 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

A particular focus was an Otter business called Future Foods. But now, Future Foods is generating healthy revenue, relative to the cost of customer acquisition. He did not disclose revenue for Future Foods or other businesses on the call. 'Healthy tension'Gabrielli did admit there's a "healthy tension" with the Future Foods team, saying that they "tend to sandbag a little bit their capabilities." Future Foods also asks would-be customers if they maintain at least a four-star rating on one delivery app.

Persons: Travis Kalanick, Uber, Otter, Guido Gabrielli, Gabrielli, it's Organizations: Storage Systems, CSS, Otter, Tech, Foods, Future Foods

☆ These innovative startups are helping to bring social shopping into the mainstream in the US
▼ + stars: | 2023-11-08 | by ( Marta Biino | Dan Whateley | ) www.businessinsider.com time to read: +2 min

The race to integrate shopping into social media in the US kicked into high gear this year. Big social platforms including YouTube, TikTok, and Pinterest are adding new commerce features at a fast clip. A slew of startups have also been rushing to introduce products and services that help brands, influencers, and — perhaps most importantly — consumers get used to the idea of buying on social media. Some companies, like Whatnot and Flip, are building separate apps for brands and creators to sell products through livestreams. Insider compiled a list of nine startups that are helping creators, brands, retailers, and consumers break into social shopping in the US.

Persons: Max Benator Organizations: YouTube, Ghost Agency Locations: Asia, China

Political Cartoons View All 1237 ImagesEarlier this year, the Federal Election Commission began a process to potentially regulate AI-generated deepfakes in political ads before the 2024 election. AI-generated political ads have already made an appearance in the U.S. In April, the Republican National Committee released an entirely AI-generated ad meant to show the future of the United States if Biden, a Democrat, is reelected. Google announced a similar AI labeling policy for political ads in September. Under that rule, political ads that play on YouTube or other Google platforms will have to disclose the use of AI-altered voices or imagery.

Persons: —, Joe Biden's, Biden, Ron DeSantis ’, Donald Trump, Anthony Fauci, “ It’s, ”, Vince Lynch, IV.AI, Lynch, ” Lynch Organizations: WASHINGTON, Facebook, Meta, Inc, Commission, Republican National Committee, Democrat, Florida Gov, GOP, Google, YouTube Locations: Europe, United States, U.S, Mexico, South Africa, Ukraine, Taiwan, Pakistan, Florida, Menlo Park , California

☆ S&P 500 and Nasdaq Composite notch longest streak of gains in two years
▼ + stars: | 2023-11-07 | by ( Manav Tanneeru | Krystal Hur | ) edition.cnn.com time to read: +2 min

The S&P 500 index climbed for the seventh day in a row, its longest streak of gains since November 2021, when the benchmark index rose for eight straight sessions. The S&P 500 gained 0.3% and the Nasdaq Composite added 0.9%. That’s helped stocks rally this month, after the S&P 500 in October logged its longest streak of monthly declines since 2020. The 10-year Treasury yield fell to 4.57% on Tuesday, compared to Monday’s close of 4.66%. Amazon shares gained 2.1%, Meta Platforms increased 1% and Apple climbed 1.4%.

Persons: Austan Goolsbee, That’s, Datadog, Jerome Powell Organizations: New, New York CNN, Wall, Nasdaq, Dow, Federal Reserve, Chicago Fed, CNBC, Treasury, Tech, Microsoft, Apple, West Texas, Halliburton, Chevron, ExxonMobil Locations: New York, China

☆ Gen Z is the most financially savvy generation
▼ + stars: | 2023-11-06 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

AdvertisementAdvertisementIn a May survey from the CFA Institute, a global trade association for investment advisors, more than half of Gen Z respondents said they were already investing, and 82% of American Gen Z investors said they began investing before they turned 21. And while there are plenty of pitfalls and missteps that could plague young people along the way, Gen Z is shaping up to be the most financially savvy generation yet. The estimated $60 billion wipeout caused many Gen Z investors to lose big. AdvertisementAdvertisementWhile Gen Z may not always be drawn to the safest investment choices, it's certainly getting some hands-on learning. In many respects, Gen Z is coming of age at a good time, graduating into a booming job market with strong wage growth.

Persons: Gen, Gen Zers, Gen Xers, Zers, It's, —, they'd, stashing, Gen Z, Erin Lowry, Z, there's Venmo, Lowry, Charlie Pastor, finfluencers, Pastor, Taylor Price, Price, it's, I'm, Eve Upton, Clark Organizations: CFA Institute, Federal Reserve's Survey, Consumer Finances, Transamerica Center, Retirement Studies, PayPal, YouTube, CFA, IRA, Interactive, UK Royal Mint, Barclays Smart Investor Locations: Canada, Chipotle, BlackRock

A woman looks at a new iPhone 15 Pro and a Huawei Mate 60 Pro as Apple's new iPhone 15 officially goes on sale across China, at an Apple store in Shanghai, China September 22, 2023. Research firm Canalys estimated that overall smartphone sales in China fell 3% in July-September from a year earlier as consumers bought fewer smartphones as an economic recovery was choppy. On the other hand, analysts estimate that Huawei's China smartphone sales grew strongly in the quarter. Apple said on Thursday that its overall sales in China dipped 2.5% but it blamed tough Mac computer and iPad sales for that. Aggressive discounting on the iPhone 15 series in the run up to the annual Singles Day shopping festival by major Chinese online retailers is also encouraging demand.

Persons: Aly, Tim Cook, Apple, Cook, Canalys, Apple's, Huawei's, Yuvraj Malik, Bengaluru ， Stephen Nellis, Yelin, Arsheeya Bajwa, Harshita Varghese, Sayantani Ghosh, Gerry Doyle Organizations: Huawei, Apple, REUTERS, Huawei Technologies, Reuters, Research, HK, Taobao, Pro Max, Qualcomm, Thomson Locations: China, Shanghai, Bengaluru ，, San Francisco, Yelin Mo, Beijing, Bengaluru

A woman dressed up as a starving medical student. One woman dressed up as a medical student, holding a begging bowl in her hands. A woman dressed up as a liberal arts student hungry for egg fried rice. Greg Baker/Pool/ReutersTo address these challenges, President Xi Jinping hosted a key financial policy meeting this week to reiterate the need to resolve financial risks in the economy. “Hidden economic and financial risks are still widespread,” the readout said.

Persons: Hong Kong CNN —, ”, Zhou, Xiao Pan, Yan Ziqi, “, Xi Jinping, Greg Baker, Xi Organizations: Hong Kong CNN, CNN, Global, Stock, Huaan Securities, Service, National People's, of, People, Reuters, Communist Party, Ministry of State Security Locations: China, Hong Kong, China’s, Shanghai, Weibo, Douyin, “, Beijing

☆ Fact Check: US Treasury Secretary Janet Yellen was not convicted of treason
▼ + stars: | 2023-11-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen was not convicted of treason in October, despite an article circulating online making the claim. The article falsely claims that Yellen was convicted at a military tribunal held on Oct. 16. Reuters previously addressed the false claim published by Real Raw News in September that Yellen was arrested for treason. All available emails on Real Raw News’ website bounced back when attempting to reach for comment. U.S. Treasury Secretary Janet Yellen was not convicted of treason.

Persons: Janet Yellen, “, ”, Yellen, ” Yellen, Susan Rice, Read Organizations: Treasury, Real Raw, Corps, JAG, Army, Facebook, U.S . Court, Public, Marine, Reuters, Freedman's, U.S . Department of Treasury, Bloomberg, Real Raw News, National Security, U.S . Army, Thomson Locations: U.S

Meta and Facebook logos are seen in this illustration taken February 15, 2022. The ban on such advertising, which targets users by harvesting their data, is a setback for U.S. tech giant Meta Platforms (META.O), the owner of the two social media services, which has opposed efforts to curb the practice. The Norwegian data regulator, Datatilsynet, in September said it had referred the ongoing fine to the European regulator, as its fine was valid in Norway only and due to expire on Nov. 3. Norway is not a member of the EU but is part of the European single market. The decision affects some 250 million Facebook and Instagram users in Europe, Datatilsynet said.

Persons: Dado Ruvic, EDPB, Datatilsynet, Gwladys Fouche, Terje Solsvik, Tomasz Janowski Organizations: Meta, REUTERS, EU, Facebook, European Union, European Economic, European Data Protection, Reuters, Economic, Big Tech, Thomson Locations: Norway, Ireland, Norwegian, Europe

☆ Telegram rarely bans channels. Israel-Gaza forced it to step in.
▼ + stars: | 2023-11-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

It has also restricted two of Hamas' official channels on Android and iOS devices. Restrictions, not bans — but rare for Telegram nonethelessTelegram, which is known for its message encryption and lax moderation, restricted two official Hamas channels on Android devices earlier this month. The impact of banning Telegram channels remains to be seenAs for Hamas, Telegram has been under pressure for weeks to cut the militant group from its services. Before the restrictions, Hamas' official Telegram channels saw a three-fold jump in followers after the attacks, the Digital Forensic Research Lab reported. Notably, Hamas channels are not the only ones spreading content related to the October 7 attacks, and some of those channels are still available on the platform.

Persons: —, Pavel Durov, Durov, it's, It's, Abu Obaida Organizations: Service, Telegram, Google, Jerusalem Post, Meta, Hong, Kremlin, Makhachkala International Airport, Morning, Apple, Middle East Media Research Institute, Capitol, Forensic Research, Wired, Digital Forensic Research Lab, Human Rights, Hamas, Brigades, DFRLab, CNBC, Washington Post, Palestinian Health Authority Locations: Israel, Ashkelon, Jerusalem, Hong Kong, Gaza, Russia, Dagestan, Tel Aviv, Makhachkala, Morning Dagestan

☆ Here's an update on 10 of our companies that reported earnings and how we feel about each stock
▼ + stars: | 2023-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

GOOGL YTD mountain Alphabet YTD Alphabet (GOOGL): The quarter from the Google parent was mixed . On one hand, we were pleased to see revenue growth acceleration and beats at Search and YouTube. For Alphabet to catch up in the AI race, it might be forced to invest more aggressively, creating an imbalance between revenue growth and expense growth. AMZN YTD mountain Amazon YTD Amazon (AMZN): This was a fantastic quarter that checked a lot of boxes for us. While AWS cloud revenue growth may not have accelerated as some optimistic bulls had hoped for, it stabilized.

Persons: Jim Cramer's, Here's, inflect, We're, Mark Zuckerberg's, Danaher, Ford, Decker YTD Stanley Black, Decker, Jim Cramer, Jim, Benoit Tessier Organizations: Jim Cramer's Charitable, CNBC, Sciences, Microsoft, Google, Web Services, LIN, Linde, Honeywell, Aerospace, Technologies, Materials, Productivity Solutions, Ford, UAW, Meta, Inc, Viva Technology, Porte de Locations: China, North America, breakeven, Porte, Paris

The Authority of Law statue is seen outside the U.S. Supreme Court at the start of the new term in Washington, U.S., October 2, 2023. The Supreme Court is tasked with deciding whether the public officials engaged in a "state action" in blocking critics from social media accounts or were merely acting in their personal capacity. The justices also are due to decide other important cases involving speech on social media during their current nine-month term. One involves a challenge to Republican-backed state laws limiting the ability of social media platforms to remove or moderate content deemed objectionable or misinformation. Circuit Court of Appeals agreed, ruling that Zane and O'Connor-Ratcliff had presented their social media accounts as "channels of communication with the public" about school board business.

Persons: Evelyn Hockstein, Joe Biden's, Donald Trump's, Michelle O'Connor, Ratcliff, T.J, Zane, Christopher, Kimberly Garnier, O'Connor, Kevin Lindke, James Freed, Lindke, Freed, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, WASHINGTON, Twitter, Facebook, Meta, Republican, Poway Unified School District, Circuit, Appeals, City, Thomson Locations: Washington , U.S, California, Michigan, Poway , California, Port Huron, Francisco, Cincinnati, New York

Blocking users is a function often employed on social media to stifle critics. The justices, hearing about three hours of arguments, focused on spelling out the circumstances for deciding whether public officials were acting in their personal capacity when blocking critics or engaged in a "state action." Conservative Justice Samuel Alito cited a hypothetical town manager who puts a municipal seal on his own social media page and tells citizens to express their views. Under this test, Mooppan argued, the social media activity of his clients was not governmental. Some justices asked whether requiring public officials to include disclaimers on their personal pages making clear their social media activity is not governmental would help disentangle their private and public capacities.

Persons: Samuel Alito, Alito, Hashim Mooppan, Mooppan, Elena Kagan, Donald Trump, " Kagan, Evelyn Hockstein, Trump, Joe Biden's, Michelle O'Connor, Ratcliff, T.J, Zane, Christopher, Kimberly Garnier, Kevin Lindke, James Freed, Freed, Ketanji Brown Jackson, Brett Kavanaugh, Victoria Ferres, Ferres, John Kruzel, Andrew Chung, Will Dunham Organizations: WASHINGTON, U.S, Supreme, Twitter, Facebook, Conservative, Liberal, REUTERS, Poway Unified School District, Circuit, Appeals, City, Thomson Locations: California, Michigan, Poway , California, Port Huron, Washington , U.S, San Francisco, Cincinnati, New York

☆ Malaysia to warn TikTok, Meta over alleged blocking of pro-Palestinian content
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

[1/2] A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowTikTok FollowKUALA LUMPUR, Oct 26 (Reuters) - Malaysia's communications regulator will issue a warning to social media firms Tiktok and Meta (META.O) for allegedly blocking pro-Palestinian content on their platforms, its communications minister said on Thursday. Without elaborating, Fahmi said many parties had urged the government to take firm action against social media platforms for allegedly restricting pro-Palestinian content. Representatives of Tiktok and Meta did not immediately respond to requests for comment. The concerns come two weeks after Fahmi said TikTok had not complied fully with Malaysia's laws and had not done enough to curb defamatory or misleading content.

Persons: Dado Ruvic, Fahmi Fadzil, Fahmi, Meta, TikTok, Danial Azhar, Martin Petty Organizations: REUTERS, Tiktok, Thomson Locations: KUALA LUMPUR

☆ Meta’s Reality Labs loses $3.7 billion in third quarter as Zuckerberg's big bet keeps bleeding cash
▼ + stars: | 2023-10-25 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Revenue in the virtual reality and augmented reality division dropped 26% from $285 million a year earlier, to $210 million. The new product contains an improved "passthrough" feature that creates more of a mixed reality experience. The Quest 3 has a starting cost of $499, which is $200 more than the Quest 2 but $500 cheaper than the high-end Quest Pro VR headset. In June, Meta debuted the Meta Quest+ VR subscription service for users who want to access two new games each month. The subscription service costs $7.99 a month and works with the Quest 2, Quest Pro and Quest 3 VR headsets.

Persons: Mark Zuckerberg, Meta, Francis Haugen Organizations: Meta, Inc, Revenue, Reality Labs, Facebook, VR, Developers, CNBC, Quest Pro Locations: New York

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