By ALEX VEIGA Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as revenue climbed sharply. The parent company of Facebook and Instagram reported net income of $9.86 billion, or $3.83 per share, for the July-September period.…
By MIKELLA SCHUETTLER A judge on Wednesday ordered Meta to pay New Mexico $25 billion after a jury found the company liable for deceiving users about privacy on Facebook, marking the biggest fine ever against the tech giant. Facebook’s deception…
By BARBARA ORTUTAY Meta launched on Tuesday a personal artificial intelligence agent, Muse, for people 18 and over who are looking for help with day-to-day tasks like schedules, shopping and, in the company’s words, turning “long-term goals into action plans.” The parent company…
In the wake of Meta’s settlement with 48 states over claims the tech giant designed its platforms to be addicting and harmful to youth, the…
By BARBARA ORTUTAY and WYATTE GRANTHAM-PHILIPS OAKLAND, Calif. (AP) — Kids under 18 will soon see a host of changes to their Instagram and Facebook experiences thanks to a historic $18 billion settlement Meta Platforms reached Wednesday with 48 U.S. states. Besides the money, which…
META has reached a nearly $18 billion settlement to end a landmark lawsuit. The deal resolves claims from 29 states that the company’s…
By BARBARA ORTUTAY and KELVIN CHAN OAKLAND, Calif. (AP) — Meta has agreed to pay $17 billion and add child-safety measures to its Facebook and Instagram platforms to end a landmark trial over teen social media addiction and settle claims filed by 47 states, state attorneys general…
By BARBARA ORTUTAY and WUFEI YU A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms in the second phase of a landmark trial. Judge Bryan Biedscheid said…
By BARBARA ORTUTAY and ALEXANDRA OLSON A group of 26 Meta employees has sued the company, claiming it used artificial intelligence systems to select people for layoffs, disproportionately targeting those on medical, parental or family leave. They are among the 8,000 employees, or about…
By KELVIN CHAN The European Union accused Meta on Friday of breaching its social media law by designing Facebook and Instagram to get users hooked, and demanded it disable “key addictive features” like infinite scrolling. The EU’s executive arm issued a…
By MATT O’BRIEN and BARBARA ORTUTAY Meta is laying off about 8,000 workers, or about 10% of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires. The company said it…
By MICHAEL CASEY BOSTON (AP) — Massachusetts’ highest court heard oral arguments Friday in the state’s lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2023 by Attorney General…
By MORGAN LEE SANTA FE, N.M. (AP) — A New Mexico jury ruled Tuesday that Meta knowingly harmed children’s mental health and concealed what it knew about child sexual exploitation on its social media platforms. The landmark decision comes after a nearly seven-week trial,…
A technical issue caused widespread login issues for a few hours across Meta's Facebook, Instagram, Threads and Messenger platforms Tuesday. Andy Stone, Meta’s head communications, acknowledged the issues on X, formerly known as Twitter, and said the company “resolved the…