Tech firms asks US supreme court to block Texas social media law
Lobbying groups representing Facebook, Twitter, Google and other tech companies filed an emergency request with the U.S. Supreme Court, seeking to block a Texas law that prohibits large social media platforms from banning users based on their political views. The Texas law went into effect when the 5th U.S. Circuit Court of Appeals granted the state’s […]
Meta to start testing money making tools
Facebook owner Meta Platforms is beginning to test tools for selling digital assets and experiences within its virtual reality platform Horizon Worlds. This is a key part of its plan for creating a metaverse. The tools will be available initially to ahandpicked set of users who are creating virtual classes, games and fashion accessorieswithin the company’s […]
Facebook owner Meta briefly blocks hashtags tied to Bucha Killings
Facebook owner Meta Platforms briefly restricted hashtags related to civilian deaths in northern Ukraine. This is where bodies of people shot at close range were found in a town seized back from Russian forces. The killings in Bucha, outside Kyiv, have drawn pledges of further sanctions against Moscow from the West. Meta spokesman Andy Stone said […]
3D ads come to Facebook, Instagram
Meta Platforms Inc will make it easier for brands to run three-dimensional ads on Facebook and Instagram. This is through a new partnership with an ecommerce technology firm. The integration with VNTANA will allow brands to upload the 3D models of their products. This is to the social media platforms and easily convert them into ads, […]
Stablecoins to face same safeguards
Stablecoins would have to comply with the same safeguards. This is because their more traditional competitors in payments under proposals from regulators, as authorities get to grips with a rapidly evolving sector. Stablecoins are cryptocurrencies, that are designed to have a stable value relative to traditional currencies. This is to avoid the volatility that makes bitcoin and […]
UK regulator investigates Facebook’s use of ad data
Britain’s competition regulator is investigating the Facebook to determine whether the network is abusing its dominant position in social media or digital advertising through its collection and use of data. The Competition and Markets Authority has launched an investigation into this. It is about whether the Facebook holds an unfair advantage in areas such as […]
Facebook oversight board to rule on Trump’s return to Facebook
Facebook Inc’s oversight board will decide whether to uphold the company’s indefinite suspension of former U.S. President Donald Trump. This is a much awaited verdict which implies the company’s future action towards rule breaking leaders of the world. Facebook had indefinitely blocked Trump’s access to his Facebook and Instagram accounts. This was followed over concerns of […]