On Thursday, the European Commission fined Meta almost 798 million euros (about $840 million).It said Meta linked Facebook Marketplace to its social network and imposed unfair conditions on rivals.Meta said it will appeal, saying people use Marketplace "because they want to, not because they have to." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Ac ...

Meta, the parent of Facebook, Instagram and WhatsApp, has been hit with yet another huge fine in Europe, this time over abusive practices in Facebook Marketplace. The European Commission announced that it would fine it €797.72 million — nearly $840 million — for breaching EU antitrust rules connected to how it ties its online classified ads service, Facebook Marketplace, creating “unfair trading conditions” for other providers of classifieds online. The fine is the latest instalment of a case that dates bac ...

The tech sector is full of bulletproof stocks -- but these two are a cut above.What is a bulletproof stock? Well, in my book, it's a stock with excellent fundamentals that is worth owning for the long term -- meaning five years or longer.Thankfully, the tech stock is chock-full of stocks that meet these criteria. Here are two of the best. 1. Spotify TechnologyLet's start with Spotify Technology (SPOT 11.44%). Up nearly 500% since the start of 2023, there's no doubt that Spotify has already made a few fortun ...

This tech giant is one of the most dominant businesses on Earth.Meta Platforms (META -0.82%) is one of the world's leading technology businesses that has come to dominate the internet-era landscape. The company has done a wonderful job taking care of its shareholders, with the stock rising 672% in the past 10 years.You might be wondering if Meta should be in your portfolio. Here are three facts you must know about this leading social media stock investors need to know before they consider buying.Digital adv ...

Meta reportedly plans to add advertising to its social media platform, Threads.The company’s Instagram ad unit is spearheading the initiative, and a small number of advertisers will be allowed to publish on the app beginning in January, Seeking Alpha reported Wednesday (Nov. 13), citing a paywalled article from The Information.Reached by PYMNTS, a Meta company spokesperson said in an emailed statement: “Since our priority is to build consumer value first and foremost, there are no ads or monetization featur ...

The biggest question on investors' minds continues to be whether these massive investments willMeta Platforms (NASDAQ: META ), like all other big tech companies and hyperscalers, are investing heavily in capital expenditures to invest in the AI opportunity.Outperforming the MarketOutperforming the Market is focused on helping you outperform the market while having downside protection during volatile markets by providing you with comprehensive deep dive analysis articles, the AI deep dive report, and access ...

Meta is reportedly rejecting the FTC’s plan to modify a 2020 privacy settlement.An attorney for the tech giant told the Federal Trade Commission’s (FTC) commissioners at a Tuesday (Nov. 12) hearing that such a move would need to come from a federal court, Bloomberg News reported Tuesday.In past cases, Meta lawyer James Rouhandeh said, settlement modifications were “more technical corrections,” though when it comes to more sweeping changes, “the commission doesn’t have that authority to do that on its own.”T ...

This picture taken on April 27, 2023 in Toulouse, southwestern France, shows a screen displaying the Meta logo and the European flag.Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for European Union users to comply with regulatory demands in the region.The social media company will also offer EU users access to Facebook and Instagram for free if they agree to be shown ads based on a limited set of user data, the company said in a Tuesday blog. Meta originally debute ...

Dover, Delaware, Nov. 12, 2024 (GLOBE NEWSWIRE) -- DitchIt, the innovative local marketplace, has officially arrived in the heart of New York City with a bold and eye-catching advertisement in the iconic Times Square. This strategic move marks a significant milestone for the company, solidifying its presence in the nation's largest metropolitan area. The billboard, towering above the bustling streets of Manhattan, showcases DitchIt's vibrant brand and catchy slogan, inviting passersby to "Buy, Sell, Trade ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Meta logo is seen at the Vivatech show in Paris, France, on June 14, 2023. Credit: AP Photo/Thibault Camus, File Facebook and Instagram users in Europe will get the option to see less personalized ads if they don't want to pay for an ad-free subscription, social media company Meta said Tuesday, bowing to pressure from Brusse ...