| 25.04.2024 00:55
Meta's Q1 profit soars, revenue guidance disappoints investors
Meta, the parent company of Facebook and Instagram, reported a significant increase in profit for the first quarter of the year, with earnings more than doubling to $12.37 billion, or $4.71 per share. This growth was driven by higher advertising revenue and a 6% increase in the average price of ads...
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| 19.04.2024 10:13
Apple Complies with Beijing's Order to Remove WhatsApp from China App Store
Apple has removed the popular messaging apps WhatsApp and Threads from its app store in China, following an order from the country's internet watchdog citing national security concerns. The Cyberspace Administration of China ordered the removal of these apps, both owned by Meta, from the China stor...
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| 18.04.2024 20:57
Meta's AI model outperforms peers, but confuses Facebook users
Generative AI technology is rapidly evolving, with companies like Google, Meta Platforms, and OpenAI constantly pushing the boundaries to create smarter and more efficient chatbots. Meta recently unveiled new AI models that are already being integrated into Facebook, Instagram, and WhatsApp, but so...
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| 13.04.2024 02:39
Google removes links to California news sites for select users
Google has begun removing California news websites from some people's search results as a test, in response to a bill being considered by the California Legislature that would require tech giants like Google, Facebook, and Microsoft to pay a certain percentage of advertising revenue to media compan...
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| 11.04.2024 15:11
Instagram cracks down on nudity in messages to protect teens
Instagram announced on Thursday that it is rolling out new tools to protect young people from sexual extortion on its platform. The social media giant is testing features that will automatically blur nudity in direct messages in an effort to combat sexual scams and other forms of "image abuse." Sex...
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| 11.04.2024 12:17
Pennsylvania bill requires notification of AI-generated content to consumers
The Pennsylvania House passed a bill on Wednesday that would require consumers to be notified when content has been generated by artificial intelligence. The bill, sponsored by Rep. Chris Pielli, aims to protect consumers by ensuring transparency around the use of AI. The legislation would amend th...
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| 10.04.2024 03:01
Tribal nations sue social media over Native youth suicides
Two tribal nations, the Spirit Lake Tribe in North Dakota and the Menominee Indian Tribe of Wisconsin, are taking a stand against social media giants, accusing them of contributing to the disproportionately high rates of suicide among Native American youth. In a lawsuit filed in Los Angeles county...
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| 04.04.2024 22:25
Tech companies seek clarity on achieving artificial general intelligence
The race for artificial general intelligence (AGI) is heating up among tech giants like Amazon, Google, Meta, and Microsoft, as well as organizations like OpenAI. AGI, the concept of machines being as smart as humans across a wide range of tasks, has become a top priority for these companies. Howev...
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| 29.03.2024 09:58
Georgia passes law requiring parental permission for children joining social media
Georgia lawmakers have given final approval to Senate Bill 351, which would require children under 16 to have explicit parental permission to create social media accounts. The bill, which also bans social media use on school devices and internet services, mandates additional education on social med...
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| 29.03.2024 01:02
Facebook News tab will soon be unavailable as Meta scales back news and political content
Meta, the parent company of Facebook, has announced that it will be shutting down the Facebook News feature in the U.S. and Australia in early April, following the closure of the feature in the U.K., France, and Germany last year. Launched in 2019, the News tab curated headlines from national and i...
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| 25.03.2024 19:27
Europe threatens 'heavy' fines for Apple, Google, and Meta in new probes
The European Union has launched an investigation into tech giants Apple, Alphabet, and Meta under the new Digital Markets Act legislation. The probes focus on various issues such as anti-steering rules, self-preferencing, and compliance with DMA obligations. Apple has already been fined 1.8 billion...
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| 21.03.2024 16:16
Reddit, 'front page of the internet,' to debut on stock market
Reddit, the popular online community platform known for its diverse range of discussions, is set to enter the high-stakes world of the stock market with its IPO priced at $34 a share. The company will begin trading on the New York Stock Exchange under the ticker symbol "RDDT" on Thursday, sparking...
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| 21.03.2024 02:17
Reddit IPO set to launch at $34 per share amid high demand
Reddit, the popular social media platform known for its wide-ranging discussions and diverse user base, is set to enter a new era as a publicly traded company with a market value of $6.4 billion. The company's initial public offering was priced at $34 per share, at the top end of the target range s...
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| 11.03.2024 20:55
Teens Find Happiness Without Smartphones: Survey
A new report from the Pew Research Center reveals that nearly three-quarters of U.S. teens feel happy or peaceful when they don't have their phones with them, despite the majority not limiting their phone or social media use. This comes as policymakers and children's advocates are increasingly conc...
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| 07.03.2024 09:47
Social platforms experience brief outage, causing loss of users' stories
On Tuesday, there was a brief outage on several social media platforms owned by Meta, including Facebook, Instagram, Threads, and Messenger. While this might seem like a mundane event, the widespread attention given to the outage suggests a deeper significance. Social media platforms have become mo...
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| 07.03.2024 00:52
Social media downtime impacts small businesses - backup plan crucial
Businesses that heavily rely on social media platforms for advertising and client communication were left scrambling on Tuesday during the Meta platforms outage. Cheyenne Smith, founder of Dakota Ridge, an e-commerce company selling children's shoes, expressed the impact of the outage on her sales,...
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| 06.03.2024 17:13
Tech giants in Europe forced to change under Digital Markets Act
Europeans will soon see changes in their digital experiences as the Digital Markets Act (DMA) comes into effect, requiring tech giants like Amazon, Apple, Google, Meta, Microsoft, and TikTok owner ByteDance to adhere to new regulations by midnight Wednesday. The DMA, part of the European Union's ef...
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| 06.03.2024 11:58
Meta attorneys seek dismissal of lawsuit alleging failure to address human trafficking
Attorneys for Meta Platforms and several of its current and former leaders, including founder Mark Zuckerberg, are facing a shareholder lawsuit alleging that the company has deliberately failed to protect users of its social media platforms from human trafficking and child sexual exploitation. The...
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| 05.03.2024 21:06
Social media blackout ends: Facebook and Instagram services restored
On Tuesday, a technical issue caused widespread login problems for users across Meta's platforms, including Facebook, Instagram, Threads, and Messenger. Andy Stone, Meta's head of communications, took to X (formerly known as Twitter) to acknowledge the issues and stated that the company had resolve...
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| 28.02.2024 21:24
Study: Chatbots' inaccurate election info may deter voters
A new study conducted by AI Democracy Projects and Proof News has revealed that AI-powered chatbots, including popular ones like GPT-4 and Google's Gemini, are producing inaccurate and harmful election information more than half the time. As the U.S. presidential primaries are underway, experts are...
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| 28.02.2024 20:37
Zuckerberg meets LG and Samsung chiefs in South Korea on Asian tour
Meta CEO Mark Zuckerberg visited South Korea for the first time in about 10 years as part of his three-nation Asian tour, aiming to discuss partnerships with tech powerhouses and strengthen relations with business and government leaders in the region. During his visit to South Korea, Zuckerberg met...
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| 26.02.2024 22:15
Microsoft inks deal with France's Mistral AI, an OpenAI rival that has its own chatbot
Microsoft announced a new partnership with the French startup Mistral AI on Monday, signaling a potential shift away from its reliance on OpenAI for generative AI products. Mistral AI, founded less than a year ago, has quickly gained recognition for its innovative and cost-effective AI systems. Whi...
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| 22.02.2024 14:07
White House weighs in on AI system debate
The Biden administration is delving into the controversial debate surrounding the openness of powerful artificial intelligence systems, with the White House seeking public input on whether key components should be open-source or closed. This inquiry is part of a broader executive order signed by Pr...
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| 16.02.2024 22:22
Tech companies unite to combat AI-generated election trickery
Major Technology Companies Sign Accord to Combat AI-Generated Deepfakes in Elections Tech giants including Adobe, Amazon, Google, IBM, Meta, Microsoft, OpenAI, and TikTok have come together to voluntarily adopt measures to prevent the use of artificial intelligence (AI) tools to disrupt democratic...
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| 15.02.2024 03:58
Dating apps accused of promoting addictive behavior in lawsuit
A proposed class-action lawsuit was filed on Valentine's Day against Match Group, the parent company of popular dating apps Tinder and Hinge, claiming that the addictive features within these platforms are intentionally designed to keep users hooked without actually facilitating real dates. The law...
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| 15.02.2024 03:17
New York City sues social media platforms over youth mental health crisis
New York City has taken a groundbreaking step by filing a lawsuit against major social media networks, including Facebook, Instagram, TikTok, Snapchat, and YouTube. The city's schools and public hospital system blame these platforms for fueling a childhood mental health crisis that is disrupting le...
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| 14.02.2024 23:18
Zuckerberg: Meta's Quest 3 Outshines Apple's Vision Pro
In a surprising move, Mark Zuckerberg, the CEO of Meta, took to Instagram to share his opinion on Apple's new mixed-reality headset, the Vision Pro. In a video review, Zuckerberg boldly claimed that Meta's Quest 3 headset is not only the better value but also the better product overall. This move h...
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| 13.02.2024 02:17
Biden Campaign Embraces TikTok Despite Security Concerns
In a move aimed at appealing to young voters, President Joe Biden's reelection campaign has launched a TikTok account, despite ongoing concerns about the app's potential security risks. The campaign's first post featured the president being quizzed about the Super Bowl and referenced a political co...
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| 09.02.2024 18:54
Meta Takes Down Iran's Supreme Leader's Facebook and Instagram Accounts
Meta, the parent company of Instagram and Facebook, has removed accounts run on behalf of Iran's Supreme Leader Ayatollah Ali Khamenei due to his support for Hamas. The removal comes after criticism over Khamenei's endorsement of the Hamas attack on Israel on October 7, which sparked the ongoing wa...
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| 07.02.2024 03:54
Jack Dorsey-backed Bluesky social network now open for all to join
Bluesky, the Twitter-like social network founded by Jack Dorsey, has opened its doors to the public, allowing anyone to create an account and join the platform. Previously, users needed an invitation to join Bluesky, but the invite-only period allowed the site to develop moderation tools and other...
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| 06.02.2024 17:25
Meta to add "AI generated" label to images created with OpenAI, Midjourney and other tools
Meta, the company that owns Facebook, Instagram, and Threads, has announced plans to label all images on its platforms that have been created using artificial intelligence (AI). This move comes as Meta acknowledges the increasing importance of AI-generated images in the digital space, particularly...
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| 05.02.2024 23:30
Oversight board urges Meta to rethink its policy on manipulated media in high-stakes election year
The Meta Oversight Board, a quasi-independent board that reviews Facebook owner Meta's policies, has criticized the company's approach to manipulated media, calling it "incoherent" and insufficient in addressing the surge of online disinformation targeting elections worldwide. The board's review of...
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| 05.02.2024 22:03
Snap Inc to Lay Off 10% of Global Workforce
Snap Inc, the parent company of Snapchat, has announced that it will be laying off over 500 employees, which amounts to approximately 10% of its global workforce. The majority of these job cuts are expected to take place in the first quarter of 2024. The company disclosed this information in a regu...
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| 05.02.2024 19:14
Meta Oversight Board says manipulated video of Biden can stay on Facebook, recommends policy overhaul
In a controversial decision, Meta's Oversight Board has ruled that a manipulated video of President Joe Biden, suggesting inappropriate behavior towards women, can remain on Facebook due to a problematic loophole in the company's policies. The video, posted last spring, showed Biden placing an "I V...
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| 05.02.2024 19:13
Snap to Cut 500 Jobs, Laying Off 10% of Workforce
Snap Inc, the parent company of Snapchat, has announced that it will be laying off 10% of its staff, which equates to approximately 500 jobs. The company made the announcement in a regulatory filing on Monday, stating that the layoffs are necessary in order to position the business for growth and t...
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| 03.02.2024 12:56
Apple's Vision Pro headset introduces 'spatial computing' for immersive experiences
Apple's highly anticipated Vision Pro headset is set to hit store shelves on Friday, marking the company's foray into the world of spatial computing. Apple executives and their marketing team have been promoting the headset as a transformative product, comparing its potential impact to that of the...
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| 02.02.2024 15:29
Apple Vision Pro debuts Friday. Here's what you need to know.
Apple's highly anticipated mixed reality headset, the Vision Pro, is set to launch in stores on Friday in the US. This marks Apple's first new product in seven years and is expected to be one of the most innovative tech products in recent years. Customers will have the opportunity to purchase the h...
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| 02.02.2024 04:31
Zuckerberg's Apology Tour: A Brief History
Mark Zuckerberg, the CEO of Meta (formerly known as Facebook), has a long history of public apologies. On multiple occasions, he has expressed remorse for the negative consequences that have resulted from the platform's actions. During a Senate hearing, Zuckerberg addressed the parents of children...
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| 02.02.2024 01:44
Meta's Profits Soar, Delights Investors with First Dividend
In a stunning display of success, tech giant Meta reported a profit growth of over 200% year-over-year to $14 billion for the three months ending in December. This exceeded the expectations of Wall Street analysts and sent the company's stock surging. Sales for the quarter also saw an impressive 25...
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| 02.02.2024 01:01
Meta's Q4 profits soar with cost cuts and advertising bounce
Meta Platforms Inc., the social media giant based in Menlo Park, California, reported a significant boost in profit and revenue for the final quarter of 2023. The company's success was attributed to a rebound in digital advertising, as well as cost-cutting measures and layoffs implemented throughou...
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| 01.02.2024 06:09
Nevada Attorney General Takes on Social Media Giants with State Court Lawsuits
Nevada's state attorney general, Aaron Ford, has taken a bold step by launching individual lawsuits against five major social media platforms, accusing them of creating addictive platforms that exploit vulnerable children. The lawsuits, filed in state court in Las Vegas, target TikTok, Snapchat, an...
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| 01.02.2024 06:08
YouTube under scrutiny for delayed removal of beheading video
A graphic video of a Pennsylvania man accused of beheading his father has sparked a debate about the ability of social media companies to prevent the spread of horrific content. Justin Mohn, 32, has been charged with first-degree murder and abusing a corpse after he beheaded his father, Michael, in...
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| 31.01.2024 23:09
Zuckerberg's Apology: Meta CEO expresses remorse to families of online exploitation victims
During a U.S. Senate Judiciary Committee hearing on Wednesday, Mark Zuckerberg, the CEO of Meta, issued a heartfelt apology to families who claimed that their children had been harmed by social media use. The hearing focused on the impact of social media on children, particularly regarding child se...
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| 20.01.2024 19:08
Meta CEO Mark Zuckerberg commits to advancing human-level artificial intelligence
Meta CEO Mark Zuckerberg has announced that the company is intensifying its efforts in artificial intelligence (AI) and investing in massive data centers to outpace its competitors in developing human-level computer systems. In a Facebook post, Zuckerberg revealed that Meta is bringing together two...
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| 18.01.2024 05:43
Sheryl Sandberg Steps Down from Meta Board
Sheryl Sandberg, the former longtime chief operating officer of Meta, announced on Wednesday that she will not seek re-election to the company's board of directors in May. This decision marks the end of her remarkable 14-year tenure in a formal role at the social networking giant. Although she step...
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| 18.01.2024 03:35
Meta's "historical reluctance" to protect children on Instagram revealed in court documents
Newly unredacted documents from New Mexico's lawsuit against Meta, the parent company of Facebook and Instagram, have revealed the company's "historical reluctance" to prioritize the safety of children on its platforms. The lawsuit, filed by New Mexico's Attorney General Raul Torrez in December, ac...
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| 17.01.2024 03:40
OpenAI's strategy to combat election misinformation in 2024
OpenAI, the San Francisco-based artificial intelligence startup behind ChatGPT and DALL-E, has unveiled a comprehensive plan to prevent the misuse of its generative AI tools in spreading election misinformation. As voters in over 50 countries gear up for national elections this year, OpenAI aims to...
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| 12.01.2024 01:11
Microsoft briefly surpasses Apple as world's most valuable company
In a surprising turn of events, Microsoft briefly surpassed Apple as the world's most valuable company, thanks to its successful foray into generative AI. On Thursday, Microsoft's stock experienced a significant jump of up to 2%, pushing its market valuation to an impressive $2.903 trillion. Meanwh...
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| 12.01.2024 00:27
Ads for Match Group and Walmart ran alongside disturbing content on Meta's platforms, court documents claim
New Mexico Attorney General Ra??l Torrez has filed an amended complaint in his lawsuit against Meta, the parent company of Facebook and Instagram, with new allegations that the tech giant misled companies about the placement of their ads. Torrez initially sued Meta in December 2023, claiming that t...
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| 11.01.2024 13:47
Google slashes jobs in hardware and voice assistant teams to reduce costs
In a bid to cut costs and prioritize key areas, Google has recently laid off a significant number of employees from its hardware, voice assistance, and engineering teams. The company stated that these organizational changes and role eliminations are part of a larger effort to responsibly invest in...
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