Meta Platforms
Meta Platforms is a technology developer based in Northern California. The company owns a number of social media and connectivity services, including Facebook, Instagram, WhatsApp and Threads. It also develops the virtual reality platform Oculus.
Meta Platforms sees operating income dip amid legal settlements in Q3
Meta will issue a new class of stock to help it raise money to fund artificial intelligence-focused initiatives. The company is also reaching deep into its pockets to pay for litigation-related settlements and judgments.
EARNINGS REPORT
Facebook parent Meta ordered to pay $25 billion in New Mexico lawsuit
The judgment was signed weeks after a New Mexico jury found Meta liable for 43 million violations of state privacy laws.
Facebook parent Meta settles social media addiction lawsuit
The settlement, more than $18 billion, is substantially all of Meta's second quarter profit, according to financial disclosure reports.
Facebook parent Meta signs AI licensing agreement with Newsmax
Newsmax is one of several right-of-center news outlets to ink a partnership with Meta Platforms in recent months; others include Fox News Media, the Daily Caller and the Washington Examiner.
ARTIFICIAL INTELLIGENCE
Instagram begins testing TV-like horizontal video in pursuit of CTV advertising revenue
At a time when vertical video is getting a considerable amount of attention, Instagram is quietly testing an old-school format popular with traditional television.
DATA
Facebook parent Meta earns $201 billion in 2025, AI investments weigh on expenses
Meta said family daily active people averaged 3.58 billion in December, an increase of 7 percent from a year earlier, showing continued user growth across Facebook, Instagram and WhatsApp.
EARNINGS REPORT
Facebook parent violated California wiretap law, jury rules
A federal jury in California has determined Meta Platforms, the parent of Facebook, violated the state's wiretap law by collecting data from a period-tracking app.
Facebook to settle Trump lawsuit over banned account for $25 million
Meta Platforms, the parent company of the social network, will commit $22 million to the build-out of Trump's presidential library.
Bluesky is convincing users to ditch X (Twitter) and Threads
The service that puts users in control of their social experience has grown to 20 million accounts. Now, it has to figure out how to keep the lights on.
Pew: Americans turn to social media influencers for news
Twenty percent of Americans regularly turn to social media influencers for their news content on a regular basis, according to Pew Research.
Facebook parent Meta bans RT from social platforms
The social media company said it decided to ban RT and related news outlets globally "after careful consideration."
Facebook bug automatically logging out some users
The issue, since resolved, also kicked people out of Threads and Instagram on Tuesday.