- Motley Fool
Why Meta Platforms Stock Rallied on Wednesday Morning
The social media maven has a vast opportunity thanks to artificial intelligence (AI).
- Benzinga
Mark Zuckerberg's Meta Withheld Key Details In Instagram And WhatsApp Acquisitions, FTC Claims
Meta Platforms Inc (NASDAQ:META) is under fire for allegedly withholding information from federal regulators during the reviews of its acquisitions of Instagram and WhatsApp, according to a recent court filing by the U.S. Federal Trade Commission (FTC). The FTC is pushing to dismantle the social media conglomerate through an ongoing lawsuit, Bloomberg reported. Meta, previously known as Facebook, led by Mark Zuckerberg, acquired Instagram in 2012 and WhatsApp in 2014. The FTC examined both deals
- Reuters
Italian watchdog fines Meta for unfair commercial practices
ROME (Reuters) -Italy's antitrust regulator AGCM has fined Facebook and Instagram owner Meta for what it described as unfair commercial practices, the watchdog said on Wednesday. AGCM said it found that Instagram users were not properly informed about the use of their personal data for commercial purposes, the regulator's statement said. It also said that Facebook and Instagram users were not given proper information on how they could contest suspensions of accounts.
