#metaplatforms

31 posts · Last used Sep 18

Now Meta is being sued for somewhere near the company's market cap, which along with other consequences of other actions means that the company is going to have to get shut down at some point. The window has shifted. So how to do that with minimum pain to the people who are in touch with each other on Meta's sites and apps? IMHO it's possible by borrowing some ideas from airline overbooking https://blog.zgp.org/how-to-shut-down-meta/ #MetaPlatforms
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yahoo news | Texas lawsuit accuses Meta, WhatsApp of misleading users on privacy AI generated summary, Read the full article for complete information. Texas Attorney General Ken Paxton filed a lawsuit against Meta Platforms and its WhatsApp service, alleging the company misled users by claiming their encrypted messages are inaccessible to Meta when they are not, and accusing Meta of putting profit over user protections and making half‑truths about past privacy breaches. The suit, filed in Harrison County, also references prior privacy violations such as the Cambridge Analytica scandal, FTC consent decrees, and a $1.4 billion Texas settlement over biometric data collection. At the same time, Paxton opened a separate privacy investigation into Meta’s Ray‑Ban smart glasses, claiming they may record audio/video and collect facial data without consent, potentially allowing Meta contractors to access recordings. Meta denied the allegations, stating WhatsApp cannot access encrypted communications, that privacy is core to its products, and that it will fight the lawsuit. Read more: https://www.yahoo.com/news/politics/articles/texas-lawsuit-accuses-meta-whatsapp-165339420.html?fr=sycsrp_catchall #Meta #WhatsApp #KenPaxton #MetaPlatforms #Sama
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Bloomberg Technology | Manus Weighs Raising $1 Billion to Unwind Meta Takeover by Lulu Yilun Chen, Zheping Huang AI generated summary, Read the full article for complete information. The co‑founders of Manus AI — Xiao Hong, Ji Yichao and Zhang Tao — are weighing a financing round of roughly $1 billion from external investors to repurchase the Chinese‑founded AI firm that Meta Platforms bought for about $2 billion, thereby fulfilling Beijing’s demand to unwind the controversial takeover; the founders may also contribute personal funds, and the plan would involve restructuring Manus as a Chinese joint venture before pursuing a Hong Kong initial public offering. Read more: https://www.bloomberg.com/news/articles/2026-05-21/manus-weighs-raising-1-billion-to-unwind-meta-takeover #Manus #MetaPlatforms #XiaoHong #JiYichao #ZhangTao
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qwant news | Tom Steyer gives middle finger to Mark Zuckerberg over contribution in CA gov. race AI generated summary, Read the full article for complete information. Billionaire California gubernatorial candidate Tom Steyer slammed Meta CEO Mark Zuckerberg after a filing showed the company’s $950,000 donation to a working‑families super‑PAC that backs Xavier Becerra’s 2026 governor bid, warning that the same day Meta announced layoffs affecting more than 10% of its workforce (about 8,000 employees, including 500 in the Bay Area). Steyer posted on X: “5 p.m. today: Meta gives $950K for @XavierBecerra. 4 a.m. tomorrow: Meta lays off 10% of workforce… Mark Zuckerberg wants a friend in Sacramento. I won’t be.” The contribution was made to the Independent Expenditure‑Only Political Committee “Working Families for Healthy Communities Supporting Becerra for Governor 2026,” which can spend unlimited money but cannot give directly to candidates. A recent state Democratic Party poll showed Becerra at 21% support versus Steyer’s 15%, and the California Post has sought comment from the Becerra campaign. Read more: https://nypost.com/2026/05/20/us-news/tom-steyer-gives-middle-finger-to-mark-zuckerberg-over-contribution-in-ca-gov-race/ #TomSteyer #MarkZuckerberg #XavierBecerra #MetaPlatforms #DemocraticParty
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Bloomberg Technology | StanChart, Meta Join AI Push With Job Cuts AI generated summary, Read the full article for complete information. On May 19 2026 Bloomberg reported that both Standard Chartered and Meta are accelerating their AI strategies by cutting jobs: Standard Chartered plans to eliminate roughly 8,000 support positions over the next four years to expand practical AI applications and streamline processes, while Meta Platforms is reassigning about 7,000 employees to new roles focused on artificial‑intelligence projects. Read more: https://www.bloomberg.com/news/videos/2026-05-19/stanchart-meta-join-ai-push-with-job-cuts-video #StanChart #MetaPlatforms #TomMetcalf
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