Tag: Meta
Facebook prosecuted in South Africa for abuse of dominance
Facebook parent Meta Platforms has been referred by South Africa’s Competition Commission for prosecution for alleged “abuse of dominance” in the country — and the...
META confident its AI supercomputer will be world’s fastest
Facebook parent company, Meta Platforms said its research team has built a new artificial intelligence supercomputer that promises to be the fastest in the...
Meta faces UK £2.3B class action over data use
Meta Platforms faced a £2.3 billion lawsuit in the UK over claims it abused its market dominance by exploiting the personal data of 44...
Big Tech record US$2.51 trillion increase in MARKET VALUE in 2021
The five top Big Tech firms in the world reportedly recording a whopping US$2.5 trillion plus in market value in the year 2021.Bloomberg...
Apple pays HUGE BONUSES to stop staff defections to Meta
Apple has issued unusual and significant stock bonuses to some engineers in an effort to retain talent, looking to stave off defections to tech rivals...
Facebook acquires Meta Finance Trademark for US$60 million
Facebook has closed a $60 million deal to purchase the trademark assets of Meta Financial Group after the social media giant renamed its company...
Meta drives WhatsApp payments through Novi
Meta Platforms’ digital wallet Novi has opened a pilot programme allowing users to send and receive money on messaging app WhatsApp, its latest push...
Google, Meta dominate as digital propels global ad growth
The global advertising industry will see higher growth this year than previously expected as brands are relying more heavily on search engine and social...
Mastercard, Meta partner to DIGITIZE SMEs in Africa, Middle East
Mastercard is collaborating with Meta to support the digitization and growth of SMEs across the Africa and the Middle East by organizing a training...
UK authorities order Meta (Facebook) to sell Giphy
The UK’s Competition and Markets Authority (CMA) has ordered Meta Platforms to sell its graphics maker Giphy to ensure fair competition in the social...