Facebook sees biggest one-day market value drop ever for US company
Facebook has lost over $200 billion in market value the most ever in a single day for a U.S. company.
Facebook CEO Mark Zuckerberg’s net worth takes $29 billion hit
Zuckerberg's net worth stands around $88 billion.
AOC says Facebook 'should be broken up,' 'subject to antitrust activity'
Meta – formerly known as Facebook – should be broken up, AOC said in an interview with Yahoo Finance published Tuesday.
Metaverse ETF ‘PUNK’ launches, excludes investments in Mark Zuckerberg’s Meta
A new exchange-traded fund is investing in all things having to do with the metaverse, with one glaring exception: Mark Zuckerberg’s “Meta.”
Facebook's cryptocurrency venture to wind down after asset sale to Silvergate
Meta Platforms Inc-backed Diem Association sold its assets to crypto-focused bank Silvergate Capital Corp, Diem said on Monday, ending the tech giant's ambitious push to get its billions of users transacting in its own currency.
Facebook’s cryptocurrency venture to wind down, sell assets
Facebook’s ambitious effort to bring cryptocurrency to the masses has failed.
Oregon mom sues Snap, Meta over 15-year-old daughter's declining mental health: 'Deliberate addictive design'
A lawsuit has been filed against Snap and Meta Platforms on behalf of the family of a 15-year-old who was allegedly hospitalized for psychiatric episodes related to her social media addiction.
Lawsuit accuses Snapchat of 'defective design' and 'negligence' after CT girl, 11, dies of suicide
The Social Media Victims Law Center (SMVLC) has sued Snap, Inc., and Meta Platforms, Inc. on behalf of the family of 11-year-old Selena Rodriguez, who committed suicide in her Connecticut home on July 21, 2021.
What is metaverse and why NFTs are key to its massive explosion
Larry Cheng, managing partner at Volition Capital, argued that there is “a bit of a gold rush mentality to NFTs as the fiber and the texture of the metaverse” as he described the space, which is garnering increased interest from traditional companies, including Walmart.
Meta's Oculus VR business under investigation by FTC, multiple states: report
The Federal Trade Commission and a group of states including New York, Tennessee and North Carolina have reportedly launched an investigation into Meta's Oculus unit.
Lawsuit claims Google and Facebook brokered secret deal to dominate ad market
The top executives at Google and Facebook are being accused of conspiring together by approving a secret deal that gave Facebook an advantage in online advertising auctions.
Online marketplaces enabling smash-and-grab criminals: 'It has put the problem of stolen goods on steroids'
Online marketplaces have created a black market business model for thieves, driving the surge in smash-and-grab robberies that have been on the rise throughout the United States in recent months and years, retail industry leaders told FOX Business.
Facebook parent Meta faces $3.1B UK class action for breach of competition law
The parent company of Facebook is facing a class action lawsuit in the United Kingdom for breach of competition law, according to a report.
January 6 Committee subpoenas social media companies
The House Select Committee to Investigate the January 6th Attack on the Capitol has issued four subpoenas to social media companies, demanding documents “relating to the spread of misinformation, efforts to overturn the 2020 election, domestic violent extremism, and foreign influence in the 2020 election.”
White House to host tech companies to discuss improving open source software security amid Log4j vulnerability
The White House on Thursday is hosting leading tech companies, along with a number of relevant government agencies, to discuss ways to improve security for open source software libraries, with senior administration officials calling it a "key national security concern."
Virtual worlds, crypto will become the norm: Ray Wang
Constellation Research CEO Ray Wang discusses how Facebook’s Metaverse has outsourced production and development to create virtual realities on its platform.
Facebook mandates COVID boosters, delays office return
Facebook becomes one of the first big tech companies to layout a COVID-19 booster policy.
Facebook’s former elections boss now questions social media’s impact on politics
Facebook's former elections boss now advises lawmakers on social media legislation.
Facebook parent company Meta signs 'largest ever' lease in downtown Austin: report
The tallest tower in Austin, Texas, which is still under construction, will soon be home to California-based Meta Platforms Inc., the parent company of Facebook, according to a report.
Facebook facing lawsuit over federal security officer’s California shooting death: reports
Facebook is facing a lawsuit filed by the sister of a federal security officer who was shot dead in California in May 2020 while guarding a federal courthouse, according to reports.


















