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Meta Safe From UK Market Dominance Lawsuit Worth $3.7 Billion, For Now
Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetise users' personal data.
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Facebook Asks UK Tribunal to Block $3.7 Billion Mass Action Lawsuit Over Market Dominance
Facebook has asked a London tribunal to block a mass action lawsuit against the firm that alleges the social media firm monetised users' personal data by abusing its dominant market position. The mass action lawsuit claims users should get compensation for the economic value they would have received if Facebook was not in a dominant position in the...
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Meta Is On Brink Of Falling Out Of Top 20 Biggest US Stocks
Meta Platforms Inc. shareholders are paying dearly for its spending on the metaverse: The Facebook parent's market value has collapsed by a whopping $520 billion in the past year.
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After Value Plummets, Facebook Takes Reels Global, Makes It Key Priority
Facebook is launching its short video feature Reels to more than 150 countries, its owner Meta Platforms said on Tuesday, in a move to expand its fastest growing content format.
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Facebook-Parent Meta Says It Has No Plans to Quit Europe Over Data Transfer Spat
Facebook-parent Meta said it has no plans to pull its services from Europe, after raising the possibility amid an ongoing row over transferring European data to the United States.
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Amazon Records Greatest Single-Day Surge in Value With $190 Billion Gain
Amazon gained a whopping $190 Billion on Friday, recording the company’s biggest single-day gain of 13.5 percent, following a blockbuster quarterly earnings report.
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Mark Zuckerberg’s Wealth Plunges by $31 Billion After Meta Shock
Mark Zuckerberg’s wealth dropped as much as $31 billion (roughly Rs. 2,31,600 crore), among the biggest one-day drops in wealth ever, after Meta’s fourth-quarter results fell short of analysts’ expectations.
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Google-Parent Alphabet Eyes $2-Trillion Value After Blowout Results
Google-parent Alphabet advanced nearer to joining peers Apple and Microsoft Corp in the elite $2-trillion (roughly Rs. 1,49,71,186 crore) market valuation club.
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Facebook Faces GBP 2.3-Billion UK Class Action Over Market Dominance
Facebook, now known as Meta Platforms, faces a GBP 2.3 billion (roughly Rs. 23,420 crore)-plus class action in Britain over allegations it abused its market dominance by exploiting the personal data of 44 million users.
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Facebook Ad Boycott: VW, Adidas, Puma Join #StopHateForProfit Campaign Over Hate Speech
German giants Volkswagen, Puma and Adidas on Tuesday joined a growing advertiser boycott over hate speech against Facebook, following major consumer companies like Levi's and Coca-Cola.
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Facebook Ad Boycott Enters New Phase, Impact Remains Unclear
The advertiser boycott of Facebook has morphed into a global digital activist campaign aimed at curbing hateful and toxic content on the social media giant. But its impact remains unclear.
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Google-Parent Alphabet Becomes 4th US Company to Top Market Value of $1 Trillion
As Google-parent Alphabet became on Thursday the fourth US company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains.
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Facebook's Dating Service Is a Chance to Meet the Catfisher, Advertiser or Scammer of Your Dreams
The love-seeking singles of Facebook's new dating service, privacy experts say, may not be prepared for what they'll encounter.
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Spotify IPO Sees It Valued at $26 Billion in Record-Setting Direct Listing
Spotify soared Tuesday to a value of more than $26 billion in its long-awaited stock debut as the market delivered a ringing endorsement of the future of music streaming.
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Facebook Settles Lawsuit Over 2012 IPO for $35 Million
It amounts to a small fraction of Facebook's current market value of roughly $537 billion as of Monday's market close.
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Meta Safe From UK Market Dominance Lawsuit Worth $3.7 Billion, For Now
Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetise users' personal data.
-
Facebook Asks UK Tribunal to Block $3.7 Billion Mass Action Lawsuit Over Market Dominance
Facebook has asked a London tribunal to block a mass action lawsuit against the firm that alleges the social media firm monetised users' personal data by abusing its dominant market position. The mass action lawsuit claims users should get compensation for the economic value they would have received if Facebook was not in a dominant position in the...
-
Meta Is On Brink Of Falling Out Of Top 20 Biggest US Stocks
Meta Platforms Inc. shareholders are paying dearly for its spending on the metaverse: The Facebook parent's market value has collapsed by a whopping $520 billion in the past year.
-
After Value Plummets, Facebook Takes Reels Global, Makes It Key Priority
Facebook is launching its short video feature Reels to more than 150 countries, its owner Meta Platforms said on Tuesday, in a move to expand its fastest growing content format.
-
Facebook-Parent Meta Says It Has No Plans to Quit Europe Over Data Transfer Spat
Facebook-parent Meta said it has no plans to pull its services from Europe, after raising the possibility amid an ongoing row over transferring European data to the United States.
-
Amazon Records Greatest Single-Day Surge in Value With $190 Billion Gain
Amazon gained a whopping $190 Billion on Friday, recording the company’s biggest single-day gain of 13.5 percent, following a blockbuster quarterly earnings report.
-
Mark Zuckerberg’s Wealth Plunges by $31 Billion After Meta Shock
Mark Zuckerberg’s wealth dropped as much as $31 billion (roughly Rs. 2,31,600 crore), among the biggest one-day drops in wealth ever, after Meta’s fourth-quarter results fell short of analysts’ expectations.
-
Google-Parent Alphabet Eyes $2-Trillion Value After Blowout Results
Google-parent Alphabet advanced nearer to joining peers Apple and Microsoft Corp in the elite $2-trillion (roughly Rs. 1,49,71,186 crore) market valuation club.
-
Facebook Faces GBP 2.3-Billion UK Class Action Over Market Dominance
Facebook, now known as Meta Platforms, faces a GBP 2.3 billion (roughly Rs. 23,420 crore)-plus class action in Britain over allegations it abused its market dominance by exploiting the personal data of 44 million users.
-
Facebook Ad Boycott: VW, Adidas, Puma Join #StopHateForProfit Campaign Over Hate Speech
German giants Volkswagen, Puma and Adidas on Tuesday joined a growing advertiser boycott over hate speech against Facebook, following major consumer companies like Levi's and Coca-Cola.
-
Facebook Ad Boycott Enters New Phase, Impact Remains Unclear
The advertiser boycott of Facebook has morphed into a global digital activist campaign aimed at curbing hateful and toxic content on the social media giant. But its impact remains unclear.
-
Google-Parent Alphabet Becomes 4th US Company to Top Market Value of $1 Trillion
As Google-parent Alphabet became on Thursday the fourth US company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains.
-
Facebook's Dating Service Is a Chance to Meet the Catfisher, Advertiser or Scammer of Your Dreams
The love-seeking singles of Facebook's new dating service, privacy experts say, may not be prepared for what they'll encounter.
-
Spotify IPO Sees It Valued at $26 Billion in Record-Setting Direct Listing
Spotify soared Tuesday to a value of more than $26 billion in its long-awaited stock debut as the market delivered a ringing endorsement of the future of music streaming.
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Facebook Settles Lawsuit Over 2012 IPO for $35 Million
It amounts to a small fraction of Facebook's current market value of roughly $537 billion as of Monday's market close.
