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The Latest Breaking News on Tech

What's Going On With Meta Platforms Stock?

Meta Platforms Inc (NASDAQ: META) shares are trading lower Thursday after the company reported worse-than-expected earnings results.

Benzinga

Mark Zuckerberg's Pipe Dream Turns Into $618 Billion Nightmare

Mark Zuckerberg's plan to dominate the metaverse is turning into a nightmare for everyone. And it's costing real money.

Investors Business Daily

Salary payments via digital wallets to start next year

Workers will soon be able to get their salaries paid directly into digital wallet apps without the funds going through banks, following a government decision to lift a ban on e-money salary payments.

The Japan News/Yomiuri

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Meta's Investment Plans Spook Investors And Analysts — 3 Reasons Why KeyBanc Downgraded Stock

Meta Platforms Inc.

Benzinga

The Wire issues apology, cites ‘deception by a member of our Meta investigation team’

The Wire has issued an apology to its readers a week after retracting its controversial Meta stories. In a detailed statement issued early this morning, the news website said it had been deceived by a “member of our Meta investigation team”.

Newslaundry

Meta hit with $24.7M fine over 822 campaign finance disclosure violations in Washington

The fine "represents the largest campaign finance penalty anywhere in the country — ever," Washington AG said.

Axios

Facebook parent company fined $25 million for Washington state campaign finance violations

SEATTLE — Meta, Facebook’s parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington’s campaign finance laws.

Tribune News Service

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Meta fined $24.7M for campaign finance disclosure violations

A Washington state judge has fined Facebook parent company Meta nearly $25 million for repeated, willful violations of campaign finance disclosure laws

The Independent UK

As Meta’s revenue decline accelerates, shares sink 14 percent

A weak holiday quarter forecast knocked about $40bn from Meta’s stock market value in extended trade.

Al Jazeera

US hits Iran with new sanctions as punishment for ‘brutal’ crackdown on protesters

WASHINGTON — With efforts to revive the Iran nuclear deal languishing, the Biden administration on Wednesday hit Tehran with a new batch of economic sanctions as punishment for repression of widespread demonstrations against restrictions on women and other issues.

Los Angeles Times

$80bn wiped from value of Facebook and Instagram owner Meta

Sell-off that began overnight continues after Mark Zuckerberg’s company reports halving of profits

The Guardian - UK

Meta Platforms Investors Run From Q3 Earnings: Revenue Beat, EPS Miss, Daily Users Up, Costs Set To Climb In 2023

Social media platform and metaverse company Meta Platforms Inc (NASDAQ: META) reported third-quarter financial results after the market close Wednesday.

Benzinga

Intel Spinoff Mobileye Prices Its IPO Above The Expected Range

INTC stock edged down Wednesday as the company spun off Mobileye in an initial public offering that priced above the expected range.

Investors Business Daily

Delivery driver charged with killing woman pleads guilty

A delivery driver charged with killing a Google employee from New York who went missing while out for a run near her mother’s Massachusetts home six years ago has pleaded guilty to second-degree murder

The Independent UK

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The Guardian - UK

A deepfake video of Joe Biden singing the children’s song Baby Shark isn’t funny – it is deeply worrying

The clip started out as a joke, but that doesn’t stop something gaining its own nefarious life online

Wales Online

Man ordered £569 iPad from Amazon, and was sent a £1 box of biscuits

Carl Harper contacted Amazon multiple times without successfully getting a refund

Investors Business Daily

Google Earnings Badly Miss Estimates As YouTube Ad Revenue Falls

Google-parent Alphabet reported third-quarter results that missed estimates as its core digital advertising business fell short of expectations.

Investors Business Daily

Microsoft Stock Falls On Weak Guidance, Slowing Azure Growth

Software giant Microsoft edged above Wall Street's targets for its fiscal first quarter, thanks to growth in its cloud computing businesses.

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The Guardian - US

Police kill two dogs after US Amazon driver dies in apparent animal attack

Man’s body found on lawn of home in Excelsior Springs, Missouri, where police later shot English mastiff and German shepherd

Los Angeles Times

Amazon union push at California warehouse stalls

A group of Amazon workers at a fulfillment center in Moreno Valley, California, seeking to join the independent Amazon Labor Union have withdrawn a petition to hold a union election, mere weeks after launching their campaign, the National Labor Relations Board confirmed.

The Guardian - UK

Uber whistleblower calls on Europe to tackle ‘undemocratic’ power of tech companies

Mark MacGann tells MEPs Uber had ‘almost unlimited finance’ to silence drivers with legal disputes

The Independent UK

Amazon driver dead after dogs viciously attacked him outside Missouri home: police

Sheriff’s department officials ultimately killed the dogs, per reports

The Independent UK

Amazon to allow US customers to pay with Venmo

Amazon is rolling out a feature that allows shoppers to pay for items using their Venmo accounts

The Guardian - US

Republicans want working-class voters — without actually supporting workers

GOP courts blue collar voters but most favor anti-union ‘right to work’ laws and reject laws that would protect right to organize

Newsroom.co.nz

Gates open for flood of Uber drivers

A union leader wants thousands of Uber drivers to mount backpay claims following a major Employment Court ruling that four drivers were employees of the rideshare company.

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