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Meta has been fined with EUR 1.2 billion by regulators from the European Union for violating EU privacy laws by transferring personal data of Facebook users to servers in the US.
Meta, Facebook, data sharing, data privacy, GDPR
Meta has reportedly started the development of a decentralised, text-based social network application that supports ActivityPub.
product launch, blockchain, Meta, data privacy
Global social media platform formerly known as Facebook, now Meta, has announced it discontinues its digital wallet for cryptocurrencies, Novi.
digital wallet, e-wallet, metaverse, Meta, cryptocurrency, crypto, crypto asset
Mark Zuckerberg, Meta’s CEO, has introduced Meta Pay and a digital wallet for the metaverse via a Facebook post, according to newsroompost.com.
Meta, metaverse, digital wallet
Social media platform Meta (Facebook) has announced a new chat shortcut for Messenger users designed to smooth internal payments.
Meta, Facebook, online payments, mobile payments, instant payments, cash flow, cashless
The European Union has reportedly decided to make the Digital Markets Act into law by the end of March 2022, to scrutinise bigtech companies, including Apple, Google, and Amazon, according to phonearena.com.
Amazon, bigtech, Meta, Apple, Google, digital identity
Following a global wave of support for Ukraine, several tech companies, including Netflix have announced they are exiting the Russian market.
Russia Ukraine War, netfix, Meta, Snapchat, financial sanctions, online shopping, shopping
Meta has announced that Split Payments are now available within its Messenger app in the US on iOS and Android phones.
Meta, Facebook, mobile payments, product upgrade, digital payments
Meta Platforms has filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and gain access to their online financial accounts.
Facebook, Meta, phishing, digital banking, financial services
The Diem project, launched by Facebook as Libra in 2019, has shut down following scrutiny from financial regulators.
Diem, Meta, blockchain, stablecoin, crypto