Meta will proceed with the acquisition of VR platform Inside Unlimited as the FTC withdraws its lawsuit.
In order to stop the deal, the FTC filed two lawsuits against Meta in federal court and in its internal court last year.
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In order to stop the deal, the FTC filed two lawsuits against Meta in federal court and in its internal court last year.
A new round of layoffs is planned by Meta's parent company, Facebook, according to a report.
Alphabet, the parent company of Google, announced a small drop in quarterly ad income on Thursday.
In two incidents that might upend Meta's business model of targeting people with adverts based on what they do online, Ireland's Data Protection Commission levied two fines totaling 390 million euros ($414 million).
Meta has agreed to settle its 2018, Cambridge Analytics scandal by paying 725 million dollars, reportedly the highest privacy settlement in US till date.
According to Meta, the new age verification technologies will aid in preventing children from using adult-only features.
The penalty came as a consequence of an investigation that was launched in April 2021 in response to the finding of a compiled dataset of Facebook user data that had been made publicly accessible online. A number of corrective actions were also mandated for Facebook.
Late in September, Mark Zuckerberg informed staff that Meta planned to reduce spending and restructure teams.
According to Mark Zuckerberg, it will take around ten years for the investments in the metaverse to pay off. To save costs in the interim, he was forced to halt employment, cancel projects, and rearrange personnel.
As of January 2019, Ajit Mohan was the managing director of Facebook India. Over 200 million new users joined WhatsApp and Instagram in India during his visit.
More than 11,000 users of Instagram, Facebook, and Messenger had problems login in, sending messages, and using the apps.
The Nasdaq fell 0.2% as a result of Meta's decline while the Dow Jones Industrial Average gained 223.03 points, or 0.70%, at the opening to 32,062.14.
The versions include iOS 10 and iOS 11, as WABetaInfo had previously hinted. According to sources, WhatsApp has already begun notifying iPhone users running iOS 10 and iOS 11 about the change.
The company was accused of breaking consumer privacy laws four years ago by disclosing the personal information of users to outside parties.
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