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Court adjourns Facebook parent Meta’s Giphy tie-up appeal

Posted by - April 29, 2022

LONDON: A British court on Thursday adjourned an appeal by Facebook’s owner Meta against a competition regulator ruling that it should be forced to sell online GIF creator Giphy. The Competition and Markets Authority (CMA) in November found Meta’s purchase of Giphy — which supplies animated GIFs or mini videos to major social networks —

Facebook plans virtual currency, creator coins for its apps

Posted by - April 7, 2022

Meta Platforms is readying plans to introduce virtual tokens and cryptocurrencies to its family of apps with an aim to use such virtual tokens for rewarding creators and lending and other financial services, the Financial Times reported on Wednesday. The move, which is reported to be in its early stages, comes as Meta grows its

Facebook owner defends policy on calls for violence that angered Russia

Posted by - March 13, 2022

LONDON: Facebook owner Meta Platforms (FB.O) said Friday that a temporary change in its content policy, only for Ukraine, was needed to let users voice opposition to Russia’s attack, as Russia opened a criminal case after the company said it would allow posts such as “death to the Russian invaders.” Russian prosecutors asked a court

Google and Facebook ad deal ‘Jedi Blue’ probed by EU, Britain

Posted by - March 12, 2022

BRUSSELS/LONDON: European Union and British antitrust authorities launched parallel investigations on Friday into a 2018 online display advertising deal between Google and Facebook named ‘Jedi Blue’, adding to a long list of regulatory challenges facing the U.S. tech giants. Alphabet (GOOGL.O) unit Google and Facebook, whose parent company is now called Meta (FB.O), defended the

Facebook says Russia block ‘cuts off millions’ from reliable information

Posted by - March 5, 2022

WASHINGTON: Facebook attacked Russia’s block on Friday of the dominant social media network, saying the move will cut millions off from reliable information and a forum to share their views. Russia asserted that it had blocked Facebook over “discrimination” of Russian state media outlets, which have faced restrictions on various online platforms over Moscow’s invasion

Facebook, Instagram globally demoting posts from Russian state media

Posted by - March 2, 2022

Meta Platforms (FB.O) is globally demoting content from Russian state-controlled media outlets’ Facebook pages and Instagram accounts, as well as posts containing links to those outlets on Facebook, the company’s head of global affairs said on Tuesday. Tech and social media companies have faced pressure to respond to last Thursday’s invasion of Ukraine by Russia, which

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