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Ohios largest public pension system filed a class-action lawsuit against Facebook, alleging that the social media giant misled investors and breached the publics trust. Ohio Public Employees Retirement System, which
Bouvel Investment Partners LLC lifted its position in Facebook, Inc. (NASDAQ:FB) by 0.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,264 shares of the social networking companys stock after purchasing an additional 65 shares during the period. Facebook comprises approximately 1.6% of Bouvel Investment Partners LLCs []

Meta goes into lockdown

05:33pm, Tuesday, 16'th Nov 2021 The Verge
Illustration by Alex Castro / The Verge After a flood of leaks, the company formerly known as Facebook is getting more secretive Continue reading

The Real Reason Facebook Just Went All In On The Metaverse

05:01pm, Tuesday, 16'th Nov 2021 ValueWalk
Imagine if McDonalds Corp (NYSE:MCD) started selling cars Q3 2021 hedge fund letters, conferences and more Or Netflix Inc (NASDAQ:NFLX) got out of the movie business to deliver burritos Or Walmart Inc (NYSE:WMT) said it was developing a new cancer drug Facebooks Big Pivot To many investors, Facebook Inc (NASDAQ:FB)s big pivot is just as big a head-scratcher. []
To limit the power of internet platforms, the EU is working on the Digital Markets Act (DMA). The Commissions draft for the DMA looks promising and shows credible ambition to address digital gatekeepers like Google or Facebook and tackle monopoly power in Europe.
Hackers from Pakistan used Facebook to target people in Afghanistan with connections to the previous government during the Taliban''s takeover of the country.

Ohio sues Facebook, saying it misled the public about harmful algorithms

03:51pm, Tuesday, 16'th Nov 2021 Daily Mail Online
The lawsuit filed by Ohio Attorney General Dave Yost (left) on behalf of the state''s pension fund specifically claims that Facebook buried inconvenient findings about harm it caused.
Say ''media freedom in the EU'', and chances are you will think of Poland or Hungary and their rows with Brussels. But Greece has recently passed a draconian media law that should put the country on the Commission''s radar. Except no one really talks about it.
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Facebook claims hackers in Pakistan targeted Afghan users

03:10pm, Tuesday, 16'th Nov 2021 Business Recorder
Hackers from Pakistan used Facebook to target people in Afghanistan during the Taliban''s takeover of the country, claimed the company''s threat investigators said in an interview with Reuters . Facebook said the group, known in the security industry as SideCopy, shared links to websites hosting malware which could surveil people''s devices. Targets included people connected to the government in Kabul, it said. Facebook said it removed SideCopy from its platform in August. The social media company, which recently changed its name to Meta, said the group created fictitious personas of young women as "romantic lures" to build trust and trick targets into clicking phishing links or downloading malicious chat apps. It also compromised legitimate websites to manipulate people into giving up their Facebook credentials. Indian hackers behind attack on FBR website: Tarin "It''s always difficult for us to speculate as to the end goal of the threat actor," Facebook''s head of cyber espionage investigations, Mike Dvilyanski, said. "We don''t know exactly who was compromised or what the end result of that was." Major online platforms and email providers including Facebook, Twitter Inc, Alphabet Inc''s Google and Microsoft Corp''s LinkedIn have said they took steps to lock down Afghan users'' accounts during the Taliban''s swift takeover of the country this past summer.

Most used live commerce platforms in the U.S. 2021

01:38pm, Tuesday, 16'th Nov 2021 Statista
Social media networks are the most popular platforms for livestream e-commerce in the United States. According to a March 2021 survey, YouTube ranked as the top channel, with nearly a third of respondents preferring it, followed closely by the major social media sites Facebook, Instagram, and TikTok as well as Amazon Live.
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