Meta Platforms Inc news and archive

Meta reportedly eyeing stake in Ray-Ban parent company

American tech giant Meta, owner of Facebook and Instagram, reportedly wants to take a 5 percent stake in EssilorLuxottica, the Financial Times (FT) reports. The French-Italian eyewear company was worth almost 89 billion euros on Thursday afternoon. EssilorLuxottica is the firm that makes Ray-Ban eyewear and was also behind the recent acquisition...

Fashion

Is Skims enabling Meta to 'spy' on its users?

Many consumers are unaware of the extent to which their online activities are being tracked or monitored without their knowledge or consent. E-commerce websites are eager to track user activity and browsing behavior to boost their sales. While some tracking, like storing cookies, is legal when consent is given, other forms of monitoring are not....

Fashion

Meta calls for labeling AI images on its platforms

Images created using artificial intelligence (AI) and posted on Meta’s Instagram, Threads and Facebook platforms will be labelled. In a statement Meta said “as the difference between human and synthetic content gets blurred, people want to know where the boundary lies. People are often coming across AI-generated content for the first time and...

Business

Meta's Threads platform finally launches in the EU

Meta's social media app Threads has finally launched in the European Union after a delay of five months since its release in other regions. The app, initially positioned as a competitor to Elon Musk's X (formerly Twitter), gained significant attention but was withheld in the EU due to the region's stringent data and big tech regulations. Mark...

Business

Amazon, Meta make 'fair competition' vows to UK regulator

Amazon and Facebook owner Meta have both voluntarily committed to changes to their retail platforms to help "protect fair competition", Britain's Competition and Markets Authority (CMA) announced on Friday. The US online giants accepted the "sets of commitments" following separate investigations by the UK regulator into "competition concerns"...

Fashion |In Pictures Featured

Ray-Ban and Meta launch next-generation smart glasses

Eyewear brand Ray-Ban and US company Meta, which includes Instagram and WhatsApp, have unveiled a new collection of smart glasses in partnership with EssilorLuxottica on October 17. Describes as the “next generation,” the new Ray-Ban Meta smart glasses offer the first-ever eyewear with live streaming and Meta AI built-in, which it hopes will...

BusinessFeatured

Meta considers paid subscriptions for European users amidst privacy challenges

Europe's stringent privacy regulations have presented significant challenges for social media companies, which are now required to obtain explicit consent from users before collecting and processing their personal data. This poses a particular challenge for Meta, the US company behind Facebook and Instagram, as its revenue heavily relies on...

Fashion

After a bumper launch, Threads loses half its users

Users and businesses were quick to sign up to Meta’s much-hyped Twitter-esque platform, but in a call to employees CEO Mark Zuckerberg acknowledged half of its 100 million signups may have already left. Teething issues such as which content is displayed and limited functionalities, have been ardent criticisms of its users. Mr Zuckerberg said the...

Fashion

Valentino launches digital avatar outfits with Meta

Luxury Italian fashion house Valentino is delving deeper into digital fashion with a new partnership with Meta by offering a capsule collection of special branded digital avatar outfits. The first drop of Valentino digital fashion pieces launched on July 14 and allows people to dress their Meta avatars, which are available on Meta platforms,...

Business

Threads, Meta's new social media platform, surpasses 100 million users in record time

Threads, the latest social media platform and Twitter competitor from Meta, has amassed over 100 million users in less than five days, surpassing the previous record held by Open AI's ChatGPT app, according to reports by the BBC. The platform, positioned as an app for sharing text updates and engaging in public conversations, achieved this...

Business

Threads, Meta's social media platform to rival Twitter, is going live

Meta, the parent company behind Instagram and Facebook, is set to launch its new app called Threads this week, which aims to compete with Twitter. The app, available for pre-order on the U.S. Apple App Store, will be integrated with Instagram and features a text-based conversation platform resembling Twitter's dashboard. The app has not yet...

Business

Meta launches VR subscription service

Fashion brands have been slow to embrace the potential of the Metaverse as a new sales channel, despite its promises. The industry's cautious approach is partly due to the significant investments required in hardware, software, and infrastructure for virtual reality (VR) technology. Concerns about the unproven return on investment have further...