Meta Platforms Inc news and archive

Meta abandons fact-checkers in push for 'more speech, fewer mistakes'

Meta's decision to abandon third-party fact-checking for ambiguous content marks a significant departure in social media content moderation, with potentially far-reaching implications for fashion and luxury brands' digital strategies. The move, coinciding with Donald Trump's return to the presidency, represents Meta's most substantial revision...

Business

Meta reveals augmented reality glasses, Orion

Meta, always at the forefront of innovation, has once again revolutionised the digital world by unveiling its augmented reality (AR) glasses, Orion. Revealed at its Meta Connect conference, this device could one day replace smartphones, and has the potential to open up new perspectives for the fashion sector. By combining the latest advances in...

Retail

Could Amazon's return-to-office mandate be a boon to physical retailers?

Amazon's recent announcement mandating a return to office for its corporate employees from January 2025 has received mixed reviews from the technology sector. However, the repercussions of this decision may extend far beyond the confines of Silicon Valley, potentially reshaping the broader retail landscape. The e-commerce behemoth's push for...

Business

Meta, Ray-Ban maker extend smart glasses partnership

Ray-Ban maker EssilorLuxottica said Tuesday that it extended a partnership with Facebook and Instagram owner Meta to develop smart-eyewear products after producing glasses that let users make calls, capture images and listen to music. The world's top eyewear maker and the US tech giant, which have been collaborating since 2019, launched the...

Business

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...