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The Latest Breaking News from Meta

Meta exec and former U.K. Deputy Prime Minister compares AI fears to past ‘moral panic’ over video games—and bicycles

Nick Clegg, Meta's president of global affairs, spoke ahead of the landmark AI Summit being hosted at Bletchley Park in the U.K. The summit is expected focus on mitigating the potential harms of AI.

Fortune

Meta refused to remove memes from popular veterans page after pressure from Australia’s defence department

Facebook and Instagram owner tells Defence ‘we allow for such memes’ following multiple emails over Pineapple Express page

The Guardian - AU

Biden Issues 'A.I. Red Tape Wishlist'

Biden's new executive order will slow the development and deployment of artificial intelligence technologies.

Reason

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Biden Signs Executive Order To Regulate AI Amidst Crypto And Tech Industry Gains

Microsoft, Meta Platforms, and Alphabet commit to safe AI deployment as Biden aims to govern the technology.

Zenger

Halloween is the perfect time to play these spooky Meta Quest games

Horror and VR go hand in hand like peanut butter and jelly, so what better way to celebrate Halloween than with a bunch of great new scary VR games?

Android Central

Meta offers paid ad-free version of Facebook and Instagram in the EU

People in Europe can now pay not to see ads in Instagram and Facebook

Evening Standard

Twitter Killer X Faces User Frustration And Declining Usage Under Elon Musk’s Ownership

Users report visibility issues, bans, and declining downloads and usage on social media platform X.

Zenger

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3 Top-Rated AI Stocks To Scoop Up Now

These three major players in artificial intelligence have pulled back from their 2023 highs, and investors looking for long-term growth should seriously consider buying these stocks on the dip.

Barchart

AI will spark a Silicon Valley boom that, despite Alphabet and Meta’s recent stock dips, will 'send the tech bears back into their caves,' top tech analyst Dan Ives says

Alphabet and Meta's recent stock drops shouldn't overshadow initial progress from Big Tech in making money from AI.

Fortune

Facebook and Instagram users in Europe can pay for ad-free versions

Charges of €12.99 a month smartphone users for and €9.99 for desktop introduced to comply with EU data privacy rules

The Guardian - US

Businesses on Facebook, Instagram can be Meta-verified

Scammers are trying to impersonate companies online but businesses using Facebook or Instagram can trial a tool that could protect consumers and reputations.

AAP

Meta's Massive Free Cash Flow Could Push the Stock Well Over $400

Meta reported impressive Q3 earnings with a huge $13.46 billion in free cash flow. That works out to 40% of its $34.1 billion in quarterly revenue. META stock could rise well over $400 if this lasts.

Barchart

Media had 'no interest' in Palestinian voices early in new Gaza conflict, expert says

THE international media had “no intention” to hear Palestinian voices at the outbreak of the most recent conflict in Gaza, according to an…

The National (Scotland)

Mark Zuckerberg's $46.5 billion loss on the metaverse is so huge it would be a Fortune 100 company—but his net worth is up even more than that

Metaverse losses since 2019 are greater than the annual revenue of companies such as Best Buy, but Zuckerberg is worth $59 billion more than he was in January.

Fortune

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StockNews.com

Meta Platforms (META) Earnings Beat: Is the Internet Behemoth Set for Further Upside?

Meta Platforms (META) reported better-than-expected results for the third quarter, with its revenue registering the fastest growth rate since 2021. So, let’s dig deeper into its fundamentals to gauge its upside potential.

Evening Standard

Will Twitter/X survive? One year on from Musk's takeover, we look at what's changed

Elon Musk remains defiant, insisting the prognosis is rosy as he redesigns the social media platform in his own image

Barchart

Amazon Stock Pops After Q3 Beat: Here’s Why It's Still a Strong Buy

Amazon stock is trading higher today after posting better-than-expected Q3 earnings. Here are the key takeaways from the report, and why AMZN is still a good buy.

The Guardian - UK

‘Musk destroyed all that’: Twitter’s business is flailing after a year of Elon

Advertisers are spending less, regulators are circling, staff is at less than 50% of what it used to be and user numbers are down

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Fortune

The $200 billion playbook that kneecapped Big Tobacco is coming for Mark Zuckerberg and his social media offspring

"Substitute algorithms for Joe Camel," says Fordham Law School professor Kenneth Rashbaum.

Fortune

Mark Zuckerberg thinks pessimists ‘tend to be right’ but optimists ‘tend to succeed’ and ‘get the most done’

The Meta CEO says pessimists may be right about new ideas, but asks, “Is that the most productive way to view the world?”

Barchart

Meta Sparks a Sharp Sell-off in Tech Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday fell by -1.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell by -0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell by -1.81%. Stocks Thursday were led lower by tech stocks, which...

Barchart

With Zuckerberg's 'Year of AI' Still Ahead, Should You Buy or Sell Meta Stock After Earnings?

Meta Platforms released its Q3 earnings late Wednesday, and Wall Street is selling the news. Notably, the Mark Zuckerberg-led company sees AI as its key focus area for 2024, after having previously touting 2023 as the "year of efficiency."

Barchart

Meta Is Latest Big Tech Company to Disappoint the Markets

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.09%. Stocks today are lower on disappointing news from Meta...

Reason

Prosecutors Turn Their Extortion Racket Against Facebook and Instagram

The propensity of prosecutors to jump to conclusions before all the evidence is in is very destructive—and nothing new.

The Guardian - UK

Pro-Palestinian Instagram account locked by Meta for ‘security reasons’

The @eye.on.palestine account unavailable to view after ‘signs of compromise’ were detected

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