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The Latest Breaking News from Meta

Molly Russell's dad said jailing executives at 'unsafe' social media platforms should be an option

Ian Russell said it would "refocus their minds" if senior social media executives faced a prison sentence for not protecting users of their platform properly after the death of his daughter Molly, 14

Wales Online

Ian Russell says jail option for ‘unsafe’ social media execs would ‘focus minds’

Mr Russell, the father of teenager Molly Russell, said he ‘can’t wait’ to see responses to a Prevention of Future Deaths report.

The Independent UK

SpaceX Starlink's New In-Flight Connectivity Service, Amazon's NY Workers Reject Union, Celsius Network Faces Several Federal Investigations: Top Stories Wednesday, Oct. 19

Reuters US Lawmakers Plan Hearing On Kroger, Albertsons' $25B Merger

Benzinga

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TechScape: Kanye’s dark twisted social media fantasy

The artist now known as Ye wants to buy the ‘free-speech’ social network Parler after being banned from major sites. But hopes for a rightwing splinternet, where anything goes, is not so easy

The Guardian - UK

Experts grade social media on misinfo

Social media networks crack down — but the companies vary in their approaches and effectiveness

Salon

Uneven recovery hinders sector's growth

Thailand's e-commerce is expected to post US$23 billion in gross merchandise value (GMV) this year, up 18% year-on-year, but the growth is much smaller than the previous year, weighed down by economic headwinds, according to a new survey by Facebook parent firm Meta and consultancy Bain & Company.

Bangkok Post

Bank is taking a risk in cracking on with first QT sale

Longer delay might have been mildly embarrassing but would be the safer approach

The Guardian - UK

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Meta Accepts UK Order to Sell Giphy after Antitrust Battle

Britain's competition regulator has ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after a tribunal upheld its view that the acquisition could damage its rivals and remove a potential competitor in advertising. Meta said it would accept the Competition and Markets Authority's (CMA) order to unwind the 2020…

Asharq Al-Awsat

The Wire will ‘suspend’ its Meta stories until it carries out ‘thorough internal review’: Siddharth Varadarajan

After receiving widespread criticism for its coverage of Meta’s XCheck programme, the Wire has decided to “suspend the stories” until it carries out a “thorough internal review of all material and documents and sources”, the portal’s founding editor Siddharth Varadarajan told Newslaundry.

Newslaundry

Meta agrees to sell Giphy, ending battle with UK regulators

Facebook parent Meta says it will sell off Giphy after running out of options to thwart a ruling by U.K. regulators, who again found that the deal to buy the GIF-sharing platform would limit competition and innovation

The Independent UK

Meta suffers blow after being ordered to abandon $315 million Giphy takeover

Meta said it would not be contesting the decision

Evening Standard

Meta ordered to sell Giphy as UK competition watchdog confirms decision

The Competition and Markets Authority has reiterated a decision it first made last year.

The Independent UK

Facebook owner Meta to sell Giphy after UK watchdog confirms ruling

CMA says takeover of gif creation website limits choice for social media users

The Guardian - UK

Social media loses ground on abortion misinformation

A new report finds the major online platforms remain in disarray on the issue, months after the decision striking down Roe v. Wade.

Axios

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AAP

Twiggy clear for Facebook 'clickbait' case

Andrew "Twiggy" Forrest's case against Facebook over alleged clickbait advertising scams will go ahead after the company accepted a WA court had jurisdiction.

The Conversation

Experts grade Facebook, TikTok, Twitter, YouTube on readiness to handle midterm election misinformation

The 2016 U.S. election was a wake-up call about the dangers of political misinformation on social media. With two more election cycles rife with misinformation under their belts, social media companies have experience identifying and countering misinformation. However, the nature of the threat misinformation poses to society continues to shift…

Benzinga

Meta Platforms Whale Trades For October 17

Someone with a lot of money to spend has taken a bearish stance on Meta Platforms (NASDAQ:META). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Guardian - US

Will the economic slowdown take the wind out of the US tech industry’s sails?

Looming layoffs, rising inflation and fears of an impending recession bode ill for companies’ earnings calls next week

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Liverpool Echo

Woman 'can't sleep' after online life stolen by cyber hackers

Sian Roberts said she relies on her Facebook and Instagram account for her work

The Conversation

Companies are increasingly tracking eye movements — but is it ethical?

When Facebook reinvented itself into Meta in October 2021, it was widely reported that Meta would be focusing on virtual reality (VR) by being at the forefront of the metaverse.

Inverse

Apple VR headset: price, release date, and specs

With the release of Meta's Quest Pro VR headset, rumors about Apple’s rivaling VR/AR headset are heating up.

The Independent UK

Lawsuit ‘inadvertently’ names Nick Clegg and other Meta execs as taking bribes in OnlyFans scheme

Lawsuit accuses Meta of sinking rivals to OnlyFans

The Guardian - UK

Molly Russell coroner calls for review of children’s social media access

Andrew Walker’s report says government should consider separate platforms for adults and children

Asharq Al-Awsat

Meta Working to Speed Up Metaverse, but Success Far from Certain

A year after rebranding itself from Facebook into Meta, the social network titan is striving to make the metaverse a routine part of daily life, offering users new features and promoting new virtual reality gear. But analysts say the company has toned down the hype a bit as it struggles…

Tribune News Service

Meta calls FTC suit to block VR fitness deal ‘ill-conceived’

Meta Platforms Inc. urged a judge to reject the U.S. Federal Trade Commission attempt to block the company’s acquisition of virtual reality app Within Unlimited, saying the agency’s claims about competition in the area are based on “pure speculation.”

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