Meta has settled a lawsuit brought by Donald Trump after the social media giant suspended him from their Facebook and Instagram platforms following the January 6, 2021 attack on the Capitol. As part of the agreement, Meta will pay $25 million, including about $22 million to Trump’s presidential…

Meta consistently beat Wall Street estimates on key fourth quarter numbers but forecasts for the current first quarter disappointed a bit as investors wait to grill CEO Mark Zuckerberg on a range of topics from AI rivals and investments, and new social media moderation policies. Here’s to hoping Wall…

Demi Lovato and Gracie Abrams called out Meta for not letting them unfollow social media accounts for Donald Trump and JD Vance. With the transition of White House administrations, the official POTUS and VP accounts are changing and some Instagram users are having a difficult time unfollowing…

Facebook and Instagram parent Meta Platforms plans to lay off about 5% of its workforce, with CEO Mark Zuckerberg warning of an “intense” year ahead. Meta had roughly 72,000 people, so a 5% reduction would mean a loss of 3,600 jobs. Zuckerberg communicated his plans in a note posted to…

Meta is axing its diversity programs, adding their names to a growing list of firms across corporate America making similar moves in anticipation of Donald Trump's return to the White House. The BBC reports that Meta Platforms, the owner of Facebook, Instagram and WhatsApp, sent a memo to staff…

Media veterans Jeffrey Katzenberg and Linda Yaccarino offered starkly different reactions to Meta’s decision to stop fact-checking Facebook and Instagram in separate appearances at CES. Mark Zuckerberg’s move, announced earlier Tuesday, is widely seen as a bow to pressure from Donald Trump. The…

UPDATED, with Trump comment: With less than two weeks before Donald Trump takes office, Meta’s Mark Zuckerberg announced a series of changes to its content moderation practices on Facebook and Instagram, including ending fact-checking and other restrictions. “The recent elections also feel like…

Dana White, president and CEO of UFC, is joining the board of Meta, one of three new directors announced today by Mark Zuckerberg's social media giant. The other two are John Elkann, who runs the Agnelli family investment company Exor, and Charlie Songhurst, a major tech investor and former top…

Nick Clegg, who has led global affairs at Meta since 2018, is stepping down, to be succeeded by his deputy, Joel Kaplan. The changes in Meta’s public policy and lobbying team come as corporations in general are prepping their shops for the incoming Donald Trump administration and Republican…

Louise Holmes, Meta’s Director of Global Partnerships for EMEA, has warned that the industry hasn’t paid enough attention to the creator economy must respond with more “urgency” to the challenge. She also called on producers not to “deify or fear” AI’s role in the future of production. The Meta…

Australia will become the first country in the world to outlaw social media use among under-16s. Children will no longer be able to use Facebook, TikTok, Instagram and other platforms after the Australian Senate passed a law confirming the ban. Should companies not comply with the ban, they…

A lawsuit seeking class action status accuses Meta of rolling back its now shuttered Facebook Watch streaming video service to give Netflix a clear path as part of a deal to split the spoils of the new digital landscape. The antitrust suit filed in U.S. District Court for the Northern District…