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Facebook’s ambitious effort to bring cryptocurrency to the masses has failed.

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.

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.

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.

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.

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 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.

The parent company of Facebook is facing a class action lawsuit in the United Kingdom for breach of competition law, according to a report.

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.”

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."

Facebook becomes one of the first big tech companies to layout a COVID-19 booster policy.

Facebook's former elections boss now advises lawmakers on social media legislation.

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 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.

Facebook has reversed course after “permanently" disabling the ads account of a conservative children's book publisher, claiming that Heroes of Liberty – which has published books about Supreme Court Justice Amy Coney Barrett, former President Ronald Reagan and author Thomas Sowell – violated the company's rules against “Low Quality or Disruptive Content.”

The day after former Facebook employee and whistleblower Frances Haugen went public in October, the company’s team in Washington started working the phones. Facebook's strategy in combatting the scandal involved stemming the leaks, spinning the politics, and never apologizing.

A Moscow court on Friday slapped Google with a nearly $100 million fine and also fined Facebook’s parent company Meta $27 million over their failure to delete content banned by local law, as Russia seeks to step up pressure on technology giants.

Facebook owner Meta says it is appealing a British watchdog's ruling that it must sell Giphy