Elon Musk has called for the European Union to be abolished after the bloc fined his social media company X 120 million euros ($140 million) for a “deceptive” blue checkmark and lack of transparency of its advertising repository. The European Commission hit X with the ruling on Friday following a two-year investigation into the company under…
Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company’s headquarters in Menlo Park, California, U.S., Sept. 17, 2025. Carlos Barria | Reuters Meta is acquiring artificial intelligence wearable startup Limitless, the companies said Friday….
Anthony Noto, CEO of SoFi, speaking with CNBC at the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 10th, 2025. David A. Grogan | CNBC SoFi shares fell almost 6% in extended trading Thursday after the fintech company announced a $1.5 billion stock offering. The company, which provides online…
Is the “year of efficiency” Mark Zuckerberg back at Meta Platforms ? Shares of the social media giant rallied more than 5% to $676 each at Thursday’s highs after Bloomberg reported that Zuckerberg is set to reduce metaverse spending up to 30%. The metaverse group, which works on the company’s virtual “Horizon World” environment and…
Trump Media said on Tuesday that it had reached an “amicable settlement” of a legal dispute with the co-founders of the social media company, which operates the Truth Social app. Trump Media did not provide details of that settlement with United Atlantic Ventures, the partnership of Trump Media’s co-founders, Andy Litinsky and Wes Moss. Litinksy…
Instagram has installed a new privacy setting which will default all new and existing underage accounts to an automatic private mode. Brandon Bell | Getty Images Instagram will require U.S.-based employees to work five days a week in an office, Meta confirmed on Monday. The new return-to-office policy will take effect on Feb. 2 and…
Cat Goetze may be a tech founder, but she’s on a years’ long journey to reduce her reliance on devices. Two years ago Goetze, who goes by CatGPT on social media, wanted to swap her smartphone for something more low-tech. “I was kind of just sitting around [thinking] it’d be so cute if we still…
OpenAI will not be allowed use the word “cameo” to name any products or features in its Sora app for a month after a federal judge placed a temporary restraining order for the term on the AI startup. U.S. District Judge Eumi K. Lee granted a temporary restraining order on Monday, blocking OpenAI from using…
As Australia looks to ban social media use for users under the age of 16, it appears Malaysia is now planning to implement a similar system from next year. The country’s Communications Minister Fahmy Fadzil reportedly said the administration is considering systems to enforce age restrictions on social media platforms, which would exclude users under…
Meta halted internal research that purportedly showed that people who stopped using Facebook became less depressed and anxious, according to a legal filing that was released on Friday. The social media giant was alleged to have initiated the study, dubbed Project Mercury, in late 2019 as a way to help it “explore the impact that…
