Meta Platforms Stock News

Russia has accused Facebook owner Meta of extremism, after it allowed users in Ukraine to make posts such as ''Death to Russian Invaders''.

Facebook''s owner Meta says a temporary change in its rules on hate content, only for Ukraine, was needed to let users voice opposition to Russia''s attack, as Russia opened a criminal case against the company.Russian prosecutors asked a court to designate the US tech giant as an "extremist organisation," and the communications regulator said it would restrict access to Meta''s Instagram starting March 14.

The Dow Jones Industrial Average fell on Friday and notched its fifth straight week of losses as investors remain cautious about the war between Russia and Ukraine. The 30-stock index gave up gains achieved during Friday’s session and plummeted 230.74 points to 32,943.33 The S&P 500 moved down 55.21 points, or 1.3%, to 4,204.31. The NASDAQ Composite reversed 286.15 points, or 2.2%, to 12,843.81 The Dow secured its fifth straight week of losses as the Russia-Ukraine war continues to be an overhang on financial markets. The S&P and NASDAQ notched their second straight week of losses. For the week, the Dow lost 2%. Meanwhile, the S&P fell 2.9%, and the NASDAQ slid 3.5% this week. Rivian slipped 7.6% after missing estimates for the fourth quarter on the top and bottom lines, while DocuSign sank 20.1% after issuing weak guidance for the first quarter and fiscal year. Certain tech names dragged on the NASDAQ on Friday and continued their weakness since Monday. Zoom Video fell 5%, bringing its weekly losses to nearly 10%.

The company told workers on Friday that it will reduce or eliminate some of its famous perks as it prepares for a return to the office.

Facebook Defends Allowing Calls For Russian Death As Kremlin Brands Meta ''Extremist Organization'' Facebook has responded to a leaked email which revealed that the company is allowing users in certain countries to call for the death of Russians and Russian soldiers . Spokesman Nick Clegg, head of global affairs (and former head of England''s Liberal Democrats), says Facebook is simply allowing Ukrainians to express their "resistance and fury at the invading military forces," adding that it does not mean the company tolerates " discrimination, harrassment or violence towards Russians" on its platform . Clegg said the move is a " temporary decision taken in extraordinary and unprecedented circumstances." Responding to reports that the Russian government is considering designating Meta as an extremist organization for its policies in support of speech: pic.twitter.com/Y8sUbZDSML — Nick Clegg (@nickclegg) March 11, 2022 On Thursday, Reuters reported that Facebook "will allow Facebook and Instagram users in some countries to call for violence against Russians and Russian soldiers in the context of the Ukraine invasion." Meanwhile, Russia has opened a criminal investigation against Meta Platforms and Facebook while also moving to ban Instagram from the country, after this week Facebook said it changed its hate speech policy to allow for calls of violence against Russians in the context of the invasion of Ukraine.

© Reuters. FILE PHOTO: Meta logo and Russian flag are seen through broken glass in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration By Mark Trevelyan LONDON (Reuters) -Facebook owner Meta Platforms said Friday that a temporary change in its content policy, only for Ukraine, was needed to let users voice opposition to Russia’s attack, …

The indexes crept lower on Friday. Tech stocks such as Google and Meta Platforms weighed on the Nasdaq while shippers rose.

U.S. and U.K. regulators have launched parallel antitrust probes into Google Inc —Alphabet Inc (NASDAQ:GOOGL)— and Meta Platforms Inc (NASDAQ:FB) over ad deal “Jedi Blue.” The big tech giants could have disadvantaged online ad publishers and tech rivals. Allegations Against Google And Meta EU antitrust chief Margrethe Vestager said in a statement quoted by Reuters […]

Facebook reportedly allow users to post content that calls for death to Russian President Vladimir Putin, Belarusian President Alexander Lukashenko or Russian soldiers. However, calls for violence against civilians would continue to be banned.

Russia is cracking down on Facebook and Instagram after their parent Meta said it would allow calls for violence against soldiers, leaders Read Full Article at RT.com

Russia slapped a criminal case against Facebook''s parent Meta Platforms Inc (NASDAQ: FB ), Reuters reports . Meta changed its hate speech rules to allow users to call for "death to the … Full story available on Benzinga.com

Meta Platforms Inc., the owner of Facebook, Instagram and Whatsapp, stated on Friday it will not tolerate Russophobia or "any kind of discrimination, harassment or violence towards Russians on our pla…