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Meta wins FTC case thanks to TikTok surviving Trump's attempt to ban it. Removes biggest risk for investors, but stock barely moves.
“Like Heraclitus’s river, the rapids of social media rush along so fast that the Court has never even stepped into the same case twice,” Judge James Boasberg wrote in his ruling, referring to how the market has changed over the course of the case.
The Manila Times on MSN
Meta to remove under-16 Australians from Facebook, Instagram on December 4
Australians younger than 16 will be removed from Facebook and Instagram on December 4, tech giant Meta said Thursday, as Canberra prepares to enforce sweeping laws banning teens from social media. From December 10,
Meta escapes a historic FTC antitrust challenge as a judge rules it is not a monopoly, keeping Instagram and WhatsApp intact. But here is how TikTok helped.
Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp.
The social media video platform is also working on improving labeling of AI-generated content.
From December 10, Australia will force social media platforms, including Facebook, Instagram and TikTok, to remove users under the age of 16 or face hefty fines.
"Part of what makes TikTok TikTok is that it introduces people to content that it believes will interest them," the company says in a new lawsuit challenging the law.