Meta Archives

The federal lawsuit was brought by the attorneys general of 29 U.S. states.

An appeals court ruled an appeal was made too early in the process to use Section 230 of the Communications Act as a defense.

Shares of the Facebook parent have plunged over what could be an 11-day losing streak.

The European Commission said its investigation into Facebook and Instagram found Meta failed to properly assess the risks of its “addictive design.”

Shares of both companies have fallen at least 8% since the start of the year.

The subscriptions are being rolled out under the banner of “Meta One,” which incorporates paid subscriptions for the company’s apps and AI chatbot.

Meta plans to slash 8,000 jobs at the company, accounting for 10% of its workforce.

Tech giants are on pace to double AI spending this year.

Last month, China barred the founders of the AI startup from leaving the country, as the deal was being probed on national security grounds.

Meta’s first large language model under AI chief Alexandr Wang rolled out Wednesday, to eventually reach Instagram and Facebook.