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A New Mexico judge ordered Facebook's parent company, Meta, to pay $25 billion for misleading users over the Cambridge Analytica breach, which took place during Donald Trump's first presidential campaign.
The fine is the largest to date against Facebook's owner, larger than an $18bn deal with California.
Critics have accused the tech giant Meta of censoring the political campaign of President Lula and favouring Bolsonaro.
Meta to pay $25 billion in penalties related to Cambridge Analytica scandal in New Mexico.
A big rally in SpaceX after earnings is giving hope to Meta and Tesla bulls ahead of their reports due Wednesday afternoon.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Messaging service WhatsApp and parent company Meta are embroiled in legal attacks by Brazil's presidential candidates.
Both candidates in Brazil's presidential election called for their rival's disqualification Tuesday over allegations of social media malfeasance, according to court filings. Left-wing President Luiz Inacio Lula da Silva’s campaign said they will request the annulment of right-wing rival Flavio Bolsonaro's candidacy over alleged election interference by tech giant Meta, while Bolsonaro's team is accusing Lula of "abuse of power" in the mass sharing of government postings on WhatsApp.
A judge also doubled the daily fine for noncompliance with a previous court order governing political content.
Brazil’s top electoral court has given Meta 24 hours to prove it is treating campaign content from incumbent President Luiz Inácio Lula da Silva and Senator Flavio Bolsonaro equally on its online platforms, threatening a daily fine for noncompliance. The ruling follows allegations from Lula's campaign that the social media giant is suppressing Lula’s campaign content ahead of Sunday’s closely contested presidential runoff.
AI always-listening wearables from Apple, Amazon, Meta and other startups are getting creative with privacy rules and fueling concerns about covert recordings.
The messages, reported by a Brazilian daily, say the platform recommended Bolsonaro's profile and his WhatsApp channel.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Apple and Meta are collaborating to make Muse Spark Open easier to run locally on clustered Mac Studio systems, according to the companies.
Jio's share sale will be India's largest ever in rupee terms, and second largest in dollar terms, trailing the Hyundai Motors IPO that raised $3.3 billion in 2024.
Brazilian President Luiz Inacio Lula da Silva’s party plans to file a complaint against Meta with the Organisation of American States alleging election interference, his campaign said Wednesday. The party accuses Meta of restricting Lula’s online content ahead of the October 25 presidential runoff against far-right Senator Flavio Bolsonaro. Meta denies the allegations.
Mexico will require the digital platforms to protect minors from violent and sexual content.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Meta introduced Muse Wonder, its latest AI model, but users have to pay for subscriptions to the Muse app to access it.
