During Meta’s earnings call on Wednesday, the company revealed its board had approved a new class of non-voting stock, called Class C common stock. The shares give the holder an…
Tag: Meta
Meta’s AI could still scrape news sites, legal experts say
Meta has tweaked its business terms to remove language suggesting that it could freely train its AI models on news sites, like The Verge — but legal experts say these…
Meta turns Muse sharing back on
Meta has re-enabled Muse sharing after security researchers had reported that public conversation links could be easy to find. The researchers said they had been able to find Muse pages…
Meta wants to pay for its broad AI buildout with a newly created class of stock | TechCrunch
Meta is making a big push into AI, and it’s creating a new kind of stock that could help pay for it. On Wednesday, as the company reported its third-quarter…
Meta to create a new class of shares to fund AI push
Meta says it’s issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday, the company says the non-voting stock…
Meta says Muse has over 10M users, with shopping a top activity | TechCrunch
Meta said during its third-quarter earnings call on Wednesday that its AI app Muse has been adopted by more than 10 million users, confirming estimates released earlier this week by…
Meta says it would’ve made over $22 billion if it didn’t have to pay a child safety settlement
Meta had to shell out $9.89 billion to pay for a chunk of the child safety settlement it reached with US attorneys general. That’s according to the company’s third-quarter earnings…
Meta ordered to pay $25B in case related to Cambridge Analytica scandal | TechCrunch
The tale of the Cambridge Analytica data scandal is long — and it keeps costing Meta gargantuan sums of money. On Wednesday, a judge ordered the social media giant to…
Meta ordered to pay $25 billion in penalties over the Cambridge Analytica scandal
The Cambridge Analytica scandal has come back to haunt Meta after a New Mexico judge ordered it to pay $25 billion in penalties for more than 43 million violations of…
Judge orders Meta to pay $25 billion in trial related to 8-year-old data privacy scandal
A New Mexico state court has ordered Facebook-parent company Meta to pay a $25 billion penalty following a long legal battle stemming from the Cambridge Analytica data privacy scandal from…