Meta Platforms Inc news and archive

Meta acquires stake in EssilorLuxottica

According to reports, the Facebook parent company, Meta Platforms Inc (Meta), is investing in the French eyewear group EssilorLuxottica. Bloomberg reported on Tuesday that the US company has acquired a stake of just under three percent for approximately three billion euros. The report follows the announcement of the investment plans a year ago....

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Meta's Twitter-like Threads app will not launch in Europe

Facebook owner Meta's new Threads app, meant to rival Twitter, will not be available in the European Union when it launches Thursday because of regulatory concerns, a source close to the company said. The app is seen as the biggest challenge yet to Twitter since the takeover by Elon Musk sent the social media platform, hugely popular with...