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The Latest Breaking News from Meta

Russia finds Meta guilty of 'extremist activity' but WhatsApp can stay

A Moscow court said on Monday that Meta was guilty of "extremist activity", but the ruling will not affect its WhatsApp messenger service, focusing on the U.S. firm's already-banned Facebook and Instagram social networks.

The ACCC is suing Meta for celebrity crypto scam ads on Facebook. Here's why the tech giant could be found liable

The ACCC is suing Meta for celebrity crypto scam ads on Facebook. Here's why the tech giant could be found liable

On the last day of his 11 years as chair of the Australian Competition and Consumer Commission (ACCC), Rod Sims announced the commission is bringing a “world-first” claim against Meta (owner of Facebook) in the Federal Court for false or misleading conduct.

The Conversation

D.C. Judge Allows Subpoena of Facebook COVID Misinformation Blocking Records

From a decision in D.C. v. Meta Platforms, Inc. by D.C. Superior Court Judge Anthony Epstein, handed down earlier this month but just posted on Westlaw: The Court grants the District of Columbia's petition for enforcement of an investigative subpoena to Meta Platforms, Inc., formerly known as Facebook, Inc. ….…

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Metaverse Land Just Sold For $37,347 (14,999 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $37,347, which is 3.69x the current floor price of 3.395 Ethereum (CRYPTO: ETH) ($37,347 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

Metaverse Land Just Sold For $99,600 (40,000 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $99,600, which is 9.85x the current floor price of 3.395 Ethereum (CRYPTO: ETH) ($99,600 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

This Plot Of Digital Land Just Sold For $13,828 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $13,828, which is 1.62x the current floor price of 2.89 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Metaverse Land Just Sold For $17,668 (6 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $17,668, which is 2.08x the current floor price of 2.89 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

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Virtual Land Just Sold For 6 ETH In The SandBox

Virtual Land Just Sold For 6 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $17,668, which is 2.08x the current floor price of 2.89 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Facebook’s solidarity with Ukraine is impressive. Now extend it to others

Facebook’s solidarity with Ukraine is impressive. Now extend it to others

Powerful tech platforms like Facebook and Instagram act very differently when people make even mild criticisms of, say, Israeli occupation of Palestine

The Guardian - US

Chart Wars: What To Watch As Meta Platforms (Facebook), Twitter Rebound With Tech Sector

Chart Wars: What To Watch As Meta Platforms (Facebook), Twitter Rebound With Tech Sector

Meta Platforms, Inc (NASDAQ: FB) and Twitter, Inc (NYSE: TWTR) stock gained ground Friday in tandem with the S&P 500, which was trading over 0.6% higher.

Virtual Land Just Sold For 5 ETH In The SandBox

Virtual Land Just Sold For 5 ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $14,496, which is 1.67x the current floor price of 2.99 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Australia sues Meta for ads promoting cryptocurrency scams

Australia sues Meta for ads promoting cryptocurrency scams

The Aussie watchdog says the ads promoted crypto scams by using photos of prominent Australian figures.

Facebook didn’t remove scam ads featuring Australian billionaires. Now the ACCC is suing

Facebook didn’t remove scam ads featuring Australian billionaires. Now the ACCC is suing

Australia's consumer watchdog, the ACCC, is taking legal action against Facebook's parent company Meta in response to scam cryptocurrency investment ads.

Australia Sues Facebook Owner Meta over Scam Ads

Australia Sues Facebook Owner Meta over Scam Ads

Australia announced Friday it is suing Facebook owner Meta over scam adverts for cryptocurrency schemes that falsely claimed to be endorsed by prominent figures. Australia's consumer protection commission said it had started Federal Court proceedings against Meta Platforms for "false, misleading or deceptive conduct" in breach of consumer or securities…

Asharq Al-Awsat

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Meta Is Getting Zapped By The ACCC For Scam Ads & Oops, Hope There’s Lawyers In The Metaverse!

One person allegedly lost over $650,000 through a scam.

Facebook Parent Meta Gets Sued In Australia Again — This Time Over 'Scam Celebrity Crypto Ads'

An Australian regulator has decided to sue Meta Platforms Inc (NASDAQ: FB), alleging the Facebook parent engaged in false or misleading cryptocurrency advertisements.

Australian watchdog sues Facebook-owner Meta over scam advertisements

Australia's competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people.

The Guardian - AU

ACCC takes Meta to court over Facebook scam ads depicting Australian identities

Dick Smith, Andrew Forrest among prominent people used on cryptocurrency and other scam ads without approval

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‘Untold losses’: Facebook sued for helping scammers impersonate celebs and rip-off users

The ACCC has dragged Facebook to court, accusing it of helping scammers impersonate celebrities, and causing "untold losses" for consumers.

Facebook, Instagram parent company Meta sued over scam ads featuring Dick Smith, David Koch

The consumer watchdog is suing Facebook’s parent company, Meta, alleging it failed to take action against scammers on its social media platform.

Anti-vaxxers are claiming an outbreak of Japanese encephalitis is really being caused by adverse reactions to Pfizer's vaccine. Here's why that's bunkum

Anti-vaxxers are once again using a Pfizer document to spread misinformation, this week claiming that Japanese encephalitis is a cover-up for adverse reactions to the company's vaccine.

Ireland Fines Meta Platforms $18.6M In Data Breach Probe

The Irish government has levied an $18.6 million fine against Meta Platforms (NASDAQ: FB), the parent company of Facebook, for its handling of 12 data breaches that occurred between June 2018 and December 2018.

Morning Brief: Top Stories Dominating Financial Media on Thursday, March 17

Why Instagram Has Suspended Kanye West's Account

Meta Platforms Inc. (NASDAQ: FB) has suspended the Instagram account of rapper Kanye West for a day after he allegedly violated the platform’s policies on hate speech, bullying and harassment, Variety

The Independent UK

Molly Russell’s father slams Facebook’s ‘shameful’ evidence ‘dump’ after inquest delay

Teenager’s inquest had been due to take place in April but has been pushed until September at earliest

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