Judge dismisses Meta shareholder lawsuit claiming that directors' obligations extend beyond company
A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media giant.
Wisconsin voters approve ban on private money support for elections
Private money to fund elections will be banned in Wisconsin after voters approved a constitutional amendment Tuesday put forward by Republicans in reaction to grants received in 2020 that were funded by donations from Facebook founder Mark Zuckerberg.
Meta attorneys ask judge to dismiss shareholder suit alleging failure to address human trafficking
Attorneys for Meta and founder Mark Zuckerberg are seeking dismissal of shareholder lawsuit alleging the company has deliberately failed to protect users of its social media platforms from human trafficking and child sexual exploitation.
A party like no other? Asia's richest man celebrates son's prenuptials with a star-studded bash
Tycoons from around the world, heads of state, as well as Hollywood and Bollywood stars have descended on the small western Indian city of Jamnagar, where billionaire industrialist Mukesh Ambani is kickstarting a big fat wedding celebration for his youngest son.
India's richest man is bringing Rihanna and 1,200 guests to a pre-wedding bash for his son
As billionaire industrialist Mukesh Ambani prepares for the wedding of his son this summer, heโs expecting billionaires from around the world, heads of state, and Hollywood and Bollywood royalty to attend a three-day bash in the familyโs hometown, starting Friday.
Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound
Meta Platforms Inc_ tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the โyear of efficiency.โ.
Nevada attorney general launches go-it-alone lawsuits against social media firms in state court
Nevadaโs attorney general has launched a go-it-alone legal fight accusing TikTok, Snapchat and Meta of creating what one lawsuit calls โan addiction machineโ that exploits children too young to have self-control.
Meta attorneys ask judge to dismiss suit claiming that directors' obligations extend beyond company
Attorneys for Meta and Mark Zuckerberg are asking a Delaware judge to dismiss a shareholder lawsuit asserting that the loyalties of company directors should not lie exclusively with the social media giant.
Facebook parent sued by New Mexico alleging it has failed to shield children from predators
New Mexico's attorney general is suing the parent company of Facebook and Instagram claiming it failed to protect underage users from exposure to child sexual abuse material and let adults solicit pornographic imagery from them.
A Meta engineer saw his own child face harassment on Instagram. Now, he's testifying before Congress
On the same day whistleblower Frances Haugen was testifying before Congress about the harms of Facebook and Instagram to children in the fall of 2021, Arturo Bรฉjar, then a contractor at the social media giant, sent an email to Meta CEO Mark Zuckerberg about the same topic.
Meta and X questioned by lawmakers over lack of rules against AI-generated political deepfakes
US Sen. Amy Klobuchar of Minnesota and U.S. Rep. Yvette Clarke of New York sent a letter Thursday to Meta CEO Mark Zuckerberg and X CEO Linda Yaccarino expressing โserious concernsโ about the emergence of AI-generated political ads on their platforms and asking each to explain any rules theyโre crafting to curb the harms to free and fair elections.
Republican-led committee calls off vote to hold Meta's Mark Zuckerberg in contempt
A House committee has called off a vote on a recommendation that Meta CEO Mark Zuckerberg be held in contempt of Congress for failing to fully supply documents related to an investigation into supposed censorship of conservatives by tech companies.
Facebook owner wants preteens to step into virtual reality with its Quest headset
The corporate parent of Facebook and Instagram plans to open a digital gateway for kids as young as 10 years old to enter virtual reality through the Meta Quest headset, despite rising concerns about children spending too much time on social media.
Delaware judge refuses to dismiss Facebook shareholder suit over user data privacy breaches
A Delaware judge has refused to dismiss a shareholder lawsuit alleging that Facebook officers and directors violated both the law and their fiduciary duties in failing for years to protect the privacy of user data.
GOP subpoenas tech CEOs as part of probe into censorship
Subpoenas have been sent to the chief executives of the five largest tech companies as congressional Republicans moved to investigate what they assert is widespread corporate censorship of conservative voices House Judiciary Chairman Jim Jordan issued the subpoenas Wednesday as the latest in a series of escalations by a party that has long promised to investigate Big Techโs content moderation.
Bill Gates joins 26 newcomers on list of 50 biggest donors
As the ranks of Americaโs super wealthy grow, the roster of major philanthropists is expanding to include not-so-typical megadonors โ among them, a professional clarinetist, a Ph.D. in meat science, and a lawyer who regularly argues before the U.S. Supreme Court.
Musk's partisan tweets call Twitter neutrality into question
Elon Musk used his Twitter megaphone to appeal to โindependent-minded votersโ on Monday, urging them to vote Republican in Tuesdayโs U.S. midterm elections, stepping into the countryโs political debate that tech company executives have for years worked to stay out of so their platforms wouldnโt be seen as favoring one side over the other.
Facebook parent settles suit in Cambridge Analytica scandal
Facebookโs corporate parent has reached a tentative settlement in a lawsuit alleging the worldโs largest social network service allowed millions of its usersโ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trumpโs victorious presidential campaign in 2016.
Boards for Meta, Twitter face backlash from NY pension fund
A major New York pension fund that has invested in both Facebookโs corporate parent and Twitter believes itโs time to shake up the companiesโ boards of directors because of their inability to keep violent content off their influential social media services.
Did Amazon violate federal laws? Lawmakers ask for DOJ probe
Lawmakers have made good on their threat to seek a criminal investigation of Amazon, asking the Justice Department to investigate whether Amazon and its senior executives obstructed Congress or violated other laws in testimony on its competition practices.
Chan, Zuckerberg fighting Native American vaccine hesitancy
Dakota and Navajo actor Dallas Goldtooth joins other influencers โ people who have earned the communityโs trust โ in a two-phase public outreach effort by nonprofit organizations IllumiNative, the Urban Indian Health Institute, and 13 Native groups in states including Alaska, Minnesota, and California.