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Wagner Advertises for Recruits on Facebook, Twitter

Job ads promise the chance to see the world

(Newser) - Having reportedly lost 20,000 fighters in the battle for one Ukrainian city, the Wagner Group has posted job ads on Facebook and Twitter to replenish its workforce—posts specifying that employment comes with health care. Researchers found 60 ads in dozens of languages seeking people to fill support positions...

Meta Unloads Giphy, Is Out Hundreds of Millions

Facebook parent sells GIF search engine to Shutterstock for $53M after UK regulators' decision

(Newser) - In 2020, Meta scooped up Giphy, a GIF search engine used by Facebook, Instagram, TikTok, and other platforms, for $400 million. On Tuesday, Facebook's parent company announced it had sold the product to stock image service Shutterstock for a mere $53 million—effectively taking a nearly $350 million loss....

EU's Fine Against Amazon Was Huge. Meta's Is Even Bigger

Facebook parent hit with record $1.3B penalty in longtime privacy case over US cybersnooping fears

(Newser) - The European Union slapped Meta with a record $1.3 billion privacy fine Monday and ordered it to stop transferring user data across the Atlantic by October, the latest salvo in a decade-long case sparked by US cybersnooping fears. The penalty fine of 1.2 billion euros from Ireland's...

Supreme Court Sides With Google, Twitter in 2 Big Cases

Justices side with social media giants in closely watched liability challenges

(Newser) - The Supreme Court on Thursday delivered good news to Google, Twitter, and social media in general Thursday in a pair of cases regarding liability for what users post .
  • Google: In one, the court sidestepped a case against Google that might have allowed more lawsuits against social media companies, per the
...

Cops' Post on Wanted Felon Gets a Surprise Comment

Ohio's Tanner Rhinehart responded to post alerting public to his own arrest warrant

(Newser) - Ohio police turned to Facebook in an effort to track down a wanted man, only to have the man reply with a taunt. "Y'all almost had [me] the other day you gotta be quicker than that," 20-year-old Tanner Rhinehart commented Monday in response to a notice from...

Get Your Facebook Settlement Payment

Portal is now open to file a claim, but don't spend the cash all in one place

(Newser) - For anyone in the US who mindlessly liked cat photos or got into political arguments on Facebook between May 2007 and December 2022, good news: Your internet nickels are almost here, in the form of Meta's $725 million class-action Cambridge Analytica settlement. But, as Stephen Council notes at SFGate...

Meta: Give Us Money, ID and We'll 'Verify' Your FB, IG

You'll get a special badge for that $14.99 you're forking over ($11.99 for the web)

(Newser) - Last year, Elon Musk's Twitter launched its Twitter Blue subscription service , a paid verification that offers users a blue check mark next to their name, as well as other perks, like being able to edit your tweets. Now Meta is following suit with something similar: CEO Mark Zuckerberg announced...

Meta Stock Is Having Best Day in a Decade

Parent company of Facebook has investors optimistic about 2023

(Newser) - Thursday is turning out to be a very good day for Facebook parent company Meta and CEO Mark Zuckerberg. Shares in the company had surged 26% by midday, reports the Wall Street Journal . Assuming the pace keeps up, this will wind up being the company's best stock day since...

Meta Says It Lost Nearly $14B on VR Project Last Year

Zuckerberg says 2023 will be 'year of efficiency'

(Newser) - While Mark Zuckerberg's bet on virtual reality could still pay off, it's definitely been an expensive gamble: Meta said Wednesday that its Reality Labs division had a $4.28 billion operating loss in the fourth quarter of 2022, bringing its losses for the year to $13.7 billion,...

Meta Decides to Welcome Trump Back
Meta Decides
to Welcome
Trump Back
Jan 25, 2023 7:05 PM CST

Meta Decides to Welcome Trump Back

Facebook, Instagram suspensions to be dropped 'in coming weeks'

(Newser) - Two years after former President Donald Trump was suspended from Facebook and Instagram over his posts supporting the insurgents who attacked the Capitol, Meta has decided to welcome him back. The announcement was made in a blog post by Nick Clegg, the company's president of global affairs, the BBC...

Climate Misinformation Soars on Musk&#39;s Twitter
Climate Misinformation
Soars on Musk's Twitter
NEW REPORT
Jan 19, 2023 1:29 PM CST

Climate Misinformation Soars on Musk's Twitter

Tweets containing terms linked to climate change denial rose 300% last year

(Newser) - Search for the word "climate" on Twitter and the first automatic recommendation isn't "climate crisis" or "climate jobs" or even "climate change" but instead "climate scam." Clicking on the recommendation yields dozens of posts denying the reality of climate change and making misleading...

Clause Doesn't Safeguard Meta From $414M Fine

Regulators ban company from forcing users to agree to personalized ads

(Newser) - European Union regulators on Wednesday hit Facebook parent Meta with hundreds of millions in fines for privacy violations and banned the company from forcing users in the 27-nation bloc to agree to personalized ads based on their online activity. Ireland's Data Protection Commission imposed two fines totaling 390 million...

Meta Agrees to Compensate Every US Facebook User

But they might get only $2 over Cambridge Analytica data harvesting

(Newser) - American users of Facebook could be in for a small payout as Meta has agreed to pay $725 million to settle a class action lawsuit linked to the Cambridge Analytica data harvesting scandal. It's the "largest recovery ever achieved in a data privacy class action and the most...

Twitter Disallows Links to Instagram, Other Rivals
Twitter (Briefly) Disallows
Promotion of Rivals
UPDATED
Dec 18, 2022 5:15 PM CST

Twitter (Briefly) Disallows Promotion of Rivals

New policy is deleted, replaced with a poll asking users their opinion on it

(Newser) - Once again, a new Twitter policy has been swiftly rescinded. On Sunday, the platform said it would no longer let users promote accounts on rival platforms. But after what CNN describes as an "immense backlash," Twitter removed the blog post and tweet thread announcing the new policy. Instead,...

Meta Sued Over Hate Speech Posted During Tigray Fighting

Filing says crises in Africa are a low priority for Facebook

(Newser) - Two Ethiopians have filed a lawsuit against Facebook's parent company, Meta, over hate speech they say was allowed and even promoted on the social media platform during their country's deadly Tigray conflict. Former Amnesty International human rights researcher Fisseha Tekle is one petitioner in the case filed Wednesday,...

Oversight Board Slams Meta's Unequal Treatment of VIPs

'Cross-check grants certain users greater protection than others'

(Newser) - An oversight board has found that Facebook and Instagram's VIP program creates an unequal environment where celebrities, politicians, and business partners receive preferential treatment. As NPR reports, "in some cases, their posts are exempted from Meta's rules entirely." Meta ordered a review of its "cross-check"...

Trump Run Leads to Big Shift on Facebook

Meta memo says 'long-standing policy' on politicians mandates Trump won't be fact-checked

(Newser) - Yes, former President Trump is running for the Oval Office again. And no, Facebook won't be fact-checking what he says during that campaign, and perhaps afterward, if he gets into office. CNN got its hands on a memo issued Tuesday by Meta's "news integrity partnership" team to...

'I Got This Wrong': Meta to Move Forward With Mass Cuts

Mark Zuckerberg announces workforce will shrink by 13%

(Newser) - Meta CEO Mark Zuckerberg on Wednesday confirmed that the first mass layoffs in the company's history are happening, with 11,000 "talented employees"—or 13% of the workforce—to be cut. Meta's hiring freeze will also persist through Q1. The Wall Street Journal confirms it marks...

For First Time, Zuckerberg Readies Mass Layoffs

Meta, parent of Facebook, will reportedly lay off thousands of people this week

(Newser) - Twitter employees aren't the only tech staffers facing a bleak November : Facebook parent company Meta is expected to announce its biggest wave of layoffs since Mark Zuckerberg founded it in 2004, reports the New York Times . The numbers are unclear, but Wall Street Journal predicts "many thousands" of...

Meta Stock Plummets After Dismal Earnings Report
Meta Stock Plunges
After a Dismal
Earnings Report
the rundown
Oct 27, 2022 12:00 AM CDT

Meta Stock Plunges After a Dismal Earnings Report

Analysts are concerned about the future of Facebook's parent company

(Newser) - Meta's third-quarter earnings call Wednesday did not have great news for investors: For the second consecutive quarter, revenue declined, and it's forecasted to do so again next quarter. Meanwhile, costs and expenses rose 19% year over year. Shares plummeted in extended trading after the call, continuing what CNBC...

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