Meta, Facebook’s parent company, reported a 26% decrease in revenue last week, a total of $250 billion.

Ban of Chrome extension by Brave reveals risk of potential API abuse at Meta

Hold the obituaries. Despite Meta losing $200 billion of value in a day, its social network still looks unassailable.

European leaders have responded to Meta's indirect warning to shut down its Facebook and Instagram operations across Europe if the social media giant is no longer able to process Europeans' data on US servers.

Reverends, rabbis and other religious leaders urged Meta Chief Executive Officer Mark Zuckerberg to permanently stop the company's plan for an Instagram version aimed at young users on Tuesday, in a letter sent by advocacy group Fairplay and their Children's Screen Time Action Network.

Meta’s stock continued to plummet Monday, adding another 5% to what is now a 27% drop in the last week since the company’s disappointing Q4 earnings. After shedding more than $230 billion of its market value in the last week, its valuation is less than a quarter of Apple’s $2.8 trillion market cap. Meta went down in history last Thursday for the biggest one-day crash in the stock market.

In a new regulatory filling this month, Facebook parent company Meta renewed its threats to pull both Facebook and Instagram in the European Union over privacy laws. Regulators in the EU, however, have quickly called Meta’s bluff, and even went as far east to say that “life is very good without Facebook and that we would live very well without Facebook.”

Facebook and Instagram may be shut down across Europe, parent company Meta has said. The issue comes down to European data regulations that prevent Meta, the company formerly known as Facebook, from transferring, storing and processing Europeans’ data on US-based servers.

As Facebook shifts focus to building the "metaverse," lax moderation is already posing serious safety issues.

As long as the number of users kept growing, Mark Zuckerberg felt able to ride out scandals and criticism. He can no longer rely on that defence

Women describe their experiences but what can firms behind virtual-reality platforms do about it?

Britain's competition regulator said on Friday it had fined Facebook-owner Meta (FB.O) 1.5 million pounds ($2 million) over fresh issues regarding its purchase of Giphy, a sanction that the U.S. firm said it would accept. Britain's Competition and Markets Authority (CMA) has taken a tough line with major tech groups in recent years, investigating their dominance of markets such as digital advertising and seeking to block the Facebook-Giphy deal.

Facebook is suffering another blow this week as calls for users to delete the social media platform went viral on Twitter on Friday with the hashtag #DeleteFacebook. The unwanted attention comes after Meta - the parent company that owns Facebook, Instagram and WhatsApp - said in its earnings report on Wednesday that Facebook lost users for the first time in its 18 year history, falling by around half a million users in the last three months of 2021.

Apple’s new privacy policies have certainly had an impact on the advertising revenue of multiple companies like Meta. However, it’s not just the Facebook owner that has had its business hurt. Snap Inc. (which owns Snapchat) was also affected by the changes made to iOS, but now the company says that it is recovering from the impact.

Sounds just like the Internet

The decline of its total user base puts more pressure on its big metaverse bet.

Assets of the cryptocurrency project, launched two-and-a-half years ago as Libra, are sold.

The last year has been a boon for social media scammers, according to a new report from the FTC. The agency says more than 95,000 people lost $770 million to scammers who found them via social media platforms in 2021. That’s more than double the $258 million they say scammers made off with in 2020.

Once upon a time, a very long time ago – until Thursday 28 October 2021, to be precise – the term “metaverse” was known only to lexicographers and science fiction enthusiasts. And then, suddenly, it was everywhere. How come? Simply this: Mark Zuckerberg, the supreme leader of Facebook, pissed off by seeing nothing but bad news about his company in the media...