Meta Platforms Stock News

The hacking campaigns were tied to people in Russia and Ukraine, as well as to a hacking group affiliated with Belarus, executives of Facebook''s parent company said Read more

2022 is shaping up to be a big year for big tech. Over recent weeks, Facebook has run into problems after the company’s fourth-quarter earnings call

Officials hoping their influence on some of the world''s most popular devices can put pressure on Moscow.

Facebook''s parent Meta said Monday it has caught dozens of fake, pro-Russian accounts, groups and pages across its platforms trying to spread anti-Ukrainian propaganda as the war in Ukraine continues to rage.

Facebook HQ, Waterfront and Spencer Place developments at heart of dispute between partners

Futures Bounce From Overnight Lows As New Peace Talks Begin Global stocks and US futures tumbled on Monday, although they were well off their worst levels as a fresh round of ceasefire talks kicked off on Monday morning offering a glimmer of hope that hostilities will end; sovereign bonds rallied and commodities surged amid heightened uncertainty after a new wave of sanctions against Russia for the invasion of Ukraine. March contracts on the S&P 500 Index declined as much as 2.9% before trimming losses to 1%, or down 43 points as of 745 a.m. in New York. Futures on the Nasdaq 100 and the Dow were each down 1.4%. European stocks also recovered from an earlier as banks with exposure to Russia led declines, while utilities and defense stocks gained. Oil, natural gas, wheat and palladium jumped, as Brent crude soared to about $103 a barrel on fears of commodity-supply disruptions. Rallies in the dollar, gold and Treasuries underlined the demand for havens. Over the weekend, Western nations agreed on new sanctions to further isolate Russia, by seeking to prevent its central bank from using foreign reserves to blunt sanctions and excluding some Russian lenders from the SWIFT messaging system that underpins trillions of dollars worth of transactions.

The prime ministers of Poland and the Baltics have demanded executives in charge of Facebook, Google, YouTube and Twitter “take a stand” against Russian disinformation.

The influx of technology has brought on its wake a ‘viciously selfish war’ that has promoted competition rather than collaboration, experts in the country’s tech ecosystem have said. The experts who spoke at the First Edition of the Nigerian-British Chamber for Commerce (NBCC) Next Generation series themed ‘Pacemakers in the Tech Sector” said technology is a key disruptor across sectors of the economy. According to them, it transcends the financial sectors across borders and continents and plays an important role in the promotion and current roll out of financial services that are aptly giving traditional institutions a stiff competition. “Technology before was collaborative but now less of that and more competitive. Technology has enabled a high level of collaboration that the world had not seen before but the most important thing at the end of the day is that it is still a competition,” said Collins Onuegbu, founder and executive vice chairman, Signal Alliance . “Someone wants to win and they are ready to do that.

Facebook says it dismantled a network of accounts spreading misinformation about the Russian invasion of Ukraine. The news sites claimed that the West had betrayed Ukraine and that Ukraine was a failed state

Which FAANG stock is as close to a no-brainer as it gets amid the tech swoon?

The company is facing headwinds, to be sure. But the market could be overreacting to the news.

Facebook parent Meta Platforms Inc (NASDAQ: FB ) says it has contributed $18 billion each year to Europe’s economy since 2019 thanks to its investment in the highest capacity transoceanic cables. What Happened: In a statement Sunday, the Mark Zuckerberg -led company said it had commissioned two new studies by Analysys Mason and RTI International to understand the impact of the company’s investments in undersea fiber optic cables. The RTI International study indicated that Meta’s investment in Marea — one of the highest capacity transoceanic cables in the world — contributed nearly $18 billion each to Europe’s economy annually since 2019. “Over the last decade, we’ve invested billions … Full story available on Benzinga.com

The company said people in Russia can continue to access Facebook and Instagram as they are using social media platforms to protest and organize against the war.

Major Canadian cable operators have said they would drop Russian state-owned broadcaster RT from their channel line-up in response to Russia’s invasion of Ukraine. Shaw Communications (SJRb.TO) on Monday removed RT, saying users who subscribed to RT as a pick and pay service would receive a credit in the next billing cycle. Rogers Communications and BCE Inc’s (BCE.TO) Bell said RT would no longer be available on their systems. TELUS also tweeted that Telus Optik TV was joining the movement. Canadian Radio-television and Telecommunications Commission did not immediately respond to a request for comment. Read also: Ukraine/Russia war: FG appeals for protection of Nigerians’ rights Canadian Heritage Minister Pablo Rodriguez praised Bell for restricting RT, saying Russia had been conducting information warfare across the world. Rogers would replace RT with a broadcast of the Ukrainian flag, he said. “RT is the propaganda arm of Putin’s regime that spreads disinformation. It has no place here,” Rodriguez added.

Meta Platforms shuts down efforts to hack Facebook accounts of Ukrainian military and public figures, plus separate network of disinformation accounts