Meta Platforms Stock News

Meta could shut down its ''core services'' in the UK and Europe including Instagram and Facebook if the courts don''t change the rules around data protection in the tech giant''s favour

If Meta (the parent company of Facebook and Instagram) is unable to transfer, store and process data from its European users on US-based servers, access to Facebook and Instagram could be suspended across Europe. The owner of the giant Mark Zuckerberg warned about this on social media in his annual report. The key problem for Meta is the transatlantic data transfer regulated by the so-called Privacy Shield and other model agreements that Meta uses to store data from European users on US servers. Current data transfer agreements are currently under strict scrutiny in the EU. In its annual report to the US Securities and Exchange Commission, Meta warns that unless a new framework is adopted and the company is no longer allowed to use current model agreements or alternatives, the company is likely to stop offering many of its most important products and services, including Facebook and Instagram, in the EU, writes The Guardian. This change will be most noticeable among businesses in various sectors, said Nick Clegg, director of communications at Meta, in an interview with British media.

The post Facebook’s Principles Are at Odds With the Metaverse appeared on BitcoinEthereumNews.com . News last year that Facebook was rebranding as Meta was greeted with much derision, and to be fair, Mark Zuckerberg’s promotional materials did not do a lot of justice for…

LONDON: Global stocks and the dollar steadied on Monday after unexpectedly strong US jobs data soothed concerns about the global economy, though diplomatic tensions remained a worry as the White House warned Russia could invade Ukraine any day. The January payrolls report on Friday showed annual growth in average hourly earnings climbed to 5.7%, from 4.9%, while payrolls for prior months were revised up by 709,000 to radically change the trend in hiring. The data added to the risk of aggressive rate rises by the Federal Reserve, however, and markets are also pricing in tightening in Britain and the euro zone. "The most dominant thing is still central banks and the tightening we see there, that has led to the volatility," said Matthias Scheiber, global head of portfolio management at Allspring Global Investments. "The labour data looked good, that basically saved the market." After a bumpy ride last week, the MSCI world equities index was flat. European stocks and Britain''s FTSE were also steady.

https://www.investing.com/analysis/meta-platforms-stock-to-move-towards-resistance-200617283

MARK Zuckerberg is threatening to shut down Facebook and Instagram in Europe over regulations aimed at hampering the apps data harvesting. CityAM reports that Meta, the company formerly known as Facebook, buried the warning in a report for the Securities and Exchange Commission filed last week. In it, the California tech behemoth bemoaned EU rules []

The Full Federal Court has dismissed Facebooks bid to block a lawsuit by the Information Commissioner

India''s telecom operators are likely to reverse the recent trend of sluggish data consumption growth and slowdown in 4G user additions by the quarter to September this year, said analysts and industry executives. The chip shortage is expected to ease by then, spurring smartphone sales, they said.A more affordable JioPhone Next - Reliance Jio Infocomm''s budget 4G smartphone developed with Google - expected in the coming months would also hasten smartphone conversions to 4G from 2G and boost data usage, they said.The telcos have seen a fall in data consumption growth and sharp dips in 4G user additions in recent quarters. Industry experts blamed the phenomenon on the steep tariff hikes by operators last November, reduced smartphone availability amid continuing chip shortages and JioPhone Next''s inability to galvanise mass 2G to 4G conversions at its current pricing.A senior industry executive said the situation was exacerbated by the removal of nearly 19 million low-paying 4G users by Jio over the past two quarters and the lifting of pandemic-induced lockdowns, which also cut data consumption.

Meta/Facebook (FB) just lost US$200B in value right after reporting that they will be facing a loss of US$10B this year due to Apples App Tracking Transparency (ATT), which asks users if they would allow applications to track them. In addition to this FB just lost around half a million daily users globally in the last quarter of 2021 when the world is still spending most of the time online. The writing is on the wall, FB is going the Friendster route, and before it is too late, users must look for a better, more privacy-friendly platform. Globe and Smart, the two largest Philippine mobile operators, dont make this easy for Filipinos because they provide free access to a subset of Facebook. However, that [free access is not always free](https://my.advocrazy.com/2022/01/26/is-free-access.html), as I have written about before. The question is are Smart and Globe informing users when they are being charged for accessing parts of Facebook that are not free, Facebook definitely is not, according to the report?

Those wild gyrations in markets late last week have enlarged the question marks over some long-standing convictions investors have had about the worlds tech giants.

Full bench of the federal court confirms earlier ruling that tech giant collects personal information in Australia Get our free news app ; get our morning email briefing Facebook has lost a major battle with the Australian regulator over the Cambridge Analytica scandal, after a court dismissed the social media giants claim that it neither conducts business nor collects personal information in the country. The Office of the Australian Information Commissioner (OAIC) is suing Facebook , now Meta, for breaching the privacy of more than 300,000 Australian Facebook users in the Cambridge Analytica scandal, exposed more than four years ago by the Guardian . Continue reading

Goldman: For The First Time In 2022, We See Massive Net Inflows Into Stocks This Week One week ago, when the turmoiling market was on edge over even the smallest tremor following a record-ugly start to the year for risk assets, and emini liquidity hit the lowest level since the March 2020 crash meaning even a modest buy or sell program could move spoos by dozens of points ... Goldman''s flow trader Scott Rubner pointed out something which changed the facade of market risk dynamics overnight: a record number of index puts had been purchased by institutional investors who were hedging further downside en masse , in effect putting an end to the liquidation panic. That, coupled with a near record negative dealer gamma... ... which could only go up as risk bounce and shorts were squeezed, and several other reasons why the furious selloff was exhausting itself, helped explain why stock managed to stage a remarkable rebound - at least until Facebook''s meta-hearse implosion - and yet the S&P still closed well in the green last week.

LONDON: European equities retreated from a positive start Friday as investors await key US jobs data after being spooked by a possible eurozone interest rate hike and the crash of Facebook owner Metas shares. Asian stock markets closed higher as a surge in Hong Kong on its first day back from a holiday break helped overcome a sharp drop on Wall Street Thursday, while forecast-beating earnings from Amazon helped to offset worries elsewhere. Oil prices struck seven year highs close to $93 per barrel as traders bet on continued improvement in demand thanks to the economic reopening, and with the United States hit by a cold snap. Lingering worries over Ukraine-Russia tensions were also playing a key role in the spike, with analysts predicting $100 could be breached soon. All eyes were on US jobs data due Friday likely to be seen as a guide for future Federal Reserve rate hike decisions as central banks battle decades-high inflation. The non-farm payrolls report is a keenly watched snapshot of the US labour market, and its likely to show Omicron caused jobs growth to slow, noted Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.

Loving the Facebook flame-out on Wall Street. Suspending and censoring users should result in suspending and crushing stock prices.

Tech giant apparently warned that blocs regulatory scrutiny over transatlantic data transfers affects its ability to deliver targeted ads Facebook and Instagram services in Europe may have to be shut down if their parent company, Meta, cant process, store and transfer data from European users on US-based servers, the tech giant reportedly warned. A number