Meta Platforms Stock News

Facebook and Instagrams strict advertising policies are hurting small businesses that make products out of hemp even though the cannabis derivative cant get you high and has been legal for decades.

A coalition of 48 state attorneys general filed an appeal Friday in another attempt to break up Facebook parent Meta Platforms Inc. . The 99-page brief contends Judge James E. Boasberg erred in dismissing the antitrust case against Facebook in June. Boasberg ruled the states waited too long to challenge the company''s acquisitions of Instagram and WhatsApp in 2012 and 2014, respectively. The filing comes on the heels of Boasberg''s decision Tuesday to allow the Federal Trade Commissions''s revised antitrust case against Facebook to proceed. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

The legal hits keep coming for Meta: Just three days after U.S. District Court Judge James Boasberg denied the former Facebook''s second motion to dismiss the Federal Trade Commission''s antitrust lawsuit against the company, a bipartisan coalition of 48 attorneys general is taking another shot. The attorneys general filed their suit in December 2020, at

Newly unredacted documents from a state-led antitrust lawsuit against Google accuse the search giant of colluding with rival Facebook to manipulate online advertising sales

Meta Platforms (FB +1.1%) - and its Oculus virtual reality unit - are the next big targets in the Federal Trade Commission''s antitrust crosshairs, Bloomberg reports

Facebook boss Mark Zuckerberg and his counterpart at Google, CEO Sundar Pichai, secretly struck a deal in 2018 to carve up the digital advertising market between the two tech giants.

British academic Dr. Liza Lovdahl Gormsen wants Facebook to pay more than $3 billion in damages to the social network''s 44 million users in the United Kingdom for alleged breach of the country''s competition laws.

Illustration by Alex Castro / The Verge On Friday, a coalition of state attorneys general led by Texas Attorney General Ken Paxton released a new antitrust complaint ( PDF ) against Google, giving more details into the companys alleged collusion with Facebook in programmatic ad markets. The filing was first reported by Politico . First filed in November, the initial complaint ( PDF ) alleged broad collusion between the two companies, particularly in a collaborative project codenamed Jedi Blue that saw the companies joining together to limit header bidding practices. this is a big deal strategically Drawing on internal emails, Fridays complaint shows that the Jedi Blue deal was reviewed at the highest levels of both companies, with personal involvement from Sundar Pichai, Continue reading

Google and Facebook''s chief executives personally oversaw a 2018 deal that advantaged Facebook on Google''s ad auctions, a group of states alleged on Friday.

Virtual reality and augmented reality have become hot topics in investing since Facebook first went meta with a pivot last summer (and now, of course, they''re Meta Platforms)

Meta says human rights diligence projects can be highly time intensive and run for year or more The owner of Facebook and Instagram has said it will assess the feasibility of conducting an independent human rights study related to its work in Ethiopia, after the companys oversight board urged it to investigate how its platforms have been used to spread hate speech and unverified rumours in the country. Meta was asked by its oversight board, which reviews the companys content moderation decisions and policies, to conduct the study after it upheld the removal of a Facebook post alleging the involvement of ethnic Tigrayan civilians in atrocities in Ethiopias Amhara region. Because the platform had subsequently reinstated the post after an appeal by the user who posted it, Facebook was required to take it down again. Continue reading

Facebook''s 44 million UK users could share £2.3bn in damages, a competition expert intending to sue Meta says

The House committee leading the investigation into the January 6 insurrection at the U.S. Capitol issued subpoenas to four major tech companies Thursday. Jan. 6 select committee chairman Bennie G. Thompson (D-MS) sent letters to YouTube parent company Alphabet, Facebook and Instagram parent company Meta, Reddit and Twitter demanding for those companies to provide additional []

Facebook faces $3.2 billion UK class action over market dominance

A competition legal expert, backed by a powerful litigation fund, is to mount a multi-billion class action for breach of competition law against Facebook/Meta on the basis that it abused its dominance of social networking in the UK for several years. If successful, the action would see Facebook having to pay out $3.1 billion (£2.3 []