Euro governments want Big Tech to pay for internet improvements
This will go down well
After failing to get Big Tech to pay any significant amounts of tax, the government's of France, Italy and Spain are stepping up pressure on the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure.
Meta can't make money out of news
Stops paying for it
Social notworking outfit Meta has decided that there is no viable way for it to make money out of internet journalism and has stopped paying US publishers for content.
Meta loses another quarter of profits
Meta shrinking
Facebook parent company Meta saw another quarter of shrinking profits.
Meta jacks up price of two year old Meta 2
Nothing attracts buyers of old tech more than a price increase
While the social notworking site Meta appears to want to get everyone on board with its metaverse vision, it seems it is taking an odd approach.
Meta claims its AI has cracked translation
Boffins say what they meant to say was that the claim is lost in translation
Facebook claims that its AI tools have cracked translation and can translate 204 different languages, twice as many as ever before attempted, at a higher quality than previously achieved.
IDC says Meta’s mixed-reality business is doomed
Tame Apple Press cheers
A recent media release from market research firm IDC predicts that Meta (the parent company of Facebook) may not be able to compete in the mixed-reality business in the long run if its strategy remains unchanged.
Russia fines Meta for not persecuting gays
Time to return to the 16th century
A Russian court fined Meta Platforms $54,030 for failing to delete posts that contained what it calls "LGBT propaganda.”
EU forces Meta and Google to combat hate speech and fake news
Multibillion-dollar fines
The European Union reached an agreement on landmark legislation forcing Big Tech firms such as Google and Facebook's parent company Meta, as well as other internet services, to more aggressively combat hate speech and misinformation or risk multibillion-dollar fines.
Putin makes Zuckerberg and Roslansky disappear
See, Tsar Putin was goodie all the time
Meta CEO Mark Zuckerberg and LinkedIn CEO Ryan Roslansky are among the latest US citizens to be added to the Russian sanctions list.
Meta investigating claims its COO tried to shut down Activision Blizzard story
Sandberg apparently tried to protect Kotick
Meta Chief Operating Officer Sheryl Sandberg is in hot water after it is claimed she tried to shut down a news story involving her boyfriend, Activision Blizzard CEO Bobby Kotick.