Facebook changing with times a decade after stock debut
The Silicon Valley tech colossus rebranded as Meta has since seen its image tainted by accusations it has become a tech tyrant, putting profit over user privacy...
Social media networks have become one of the fronts in Russia's invasion of Ukraine, home to sometimes misleading information but also real-time monitoring of one of the biggest geopolitical crises in decades.
Meta abandoned its effort to create a global cryptocurrency, first called Libra but eventually re-branded as Diem, in the face of fierce backlash by financial regulators around the world.
The commission alleges that in mid-2020, Facebook decided to remove GovChat and #letstalk, a technology start-up that connects government and people, from the WhatsApp business application programming interface. The move, the commission said, contravened the Competition Act.
The decision to invade Ukraine has cost Russia some major sporting events and even extended into its cultural assets.
Meta chief Mark Zuckerberg laid out revamped company values on Tuesday, urging workers to be "Metamates" who treat one another with respect and look to the future.
Facebook-parent Meta saw investors flee on Thursday rather than buckle-up for what could be a long ride towards the firm's metaverse vision for the internet's future.
On December 4, Palestine TV correspondent Christine Rinawi posted a video on her Facebook account in which Israeli security forces were seen shooting a Palestinian on the ground, killing him.
The complaint, lodged in a California court, says the algorithms that power the US-based company promote disinformation and extremist thought that translates to real-world violence.
The Competition and Markets Authority's decision comes after consultation with interested businesses and organisations, and study of potential solutions from Facebook itself.
This AFP graphic shows net profits of tech giants Alphabet, Amazon, Apple, Facebook and Microsoft by quarter for the past year.
The announcement came as the tech giant battles one of its worst crises ever, with reams of internal documents leaked to reporters, lawmakers and US regulators fuelling fresh calls for government regulation.
Organisers of one of the world's largest technology conferences, which was called off last year due to COVID-19, have hailed the fact that its return is taking place in a country with one of the world's highest vaccination rates.
The new handle comes as the company battles to fend off one of its worst crises yet and pivot to its ambitions for the "metaverse," which would blur the lines between the physical world and the digital one.
Facebook has been hit by major crises previously, but the current view behind the curtain of the insular company has fueled a frenzy of scathing reports and scrutiny from US regulators.
Facebook held back from doing all it could to stop users from being radicalised and US election misinformation from flooding the social network, according to media reports.
Facebook CEO Mark Zuckerberg has been a leading voice in Silicon Valley hype around the idea of the metaverse, which would blur the lines between the physical world and the digital one.
The company has faced a storm of criticism over the past month after former employee Frances Haugen leaked internal studies showing Facebook knew its sites could be harmful to young people's mental health.
New policies included derailing coordinated efforts to use multiple accounts to harass or intimidate people considered at heightened risk of harm in the real world, such as government dissidents and victims of violent tragedies.