Facebook – World Top News Now

19Aug

By AdminsNo Comments

Meta Platforms faces pivotal trial as opening statements begin in California

Opening statements kicked off on Tuesday (Wednesday AEST) in a pivotal trial for Meta Platforms in a California federal court, where states are seeking billions of dollars in damages for social media harms to children. Attorneys general from California, Colorado, Kentucky and New Jersey are seeking a financial penalty that could, in theory, total as much as $US1.4 trillion ($2 trillion) plus changes to how the company operates Facebook and Instagram. California Attorney General Rob Bonta arrives at the courthouse on Tuesday. AP Photo/Noah Berger Twenty-nine states sued the tech giant in 2023 over child safety and privacy — the other 25 will go to trial later. The company also faces lawsuits in state courts. The lawsuit accuses the social media giant of contrib...

Why the Harris campaign has spent $16 million on a Facebook page with 1000 followers

As Donald Trump and Kamala Harris feverishly chase undecided voters in the final stretch of the US presidential campaign, millions of people in battleground states are being served ads on Facebook and Instagram from an obscure page calling itself "The Daily Scroll." The social media ads, which are adorned with a nondescript logo resembling a pair of checkmarks, have promoted news articles from mainstream outlets including CNN, ABC and NBC, showing easing US inflation, cheaper insulin prices, and the consequences of state abortion bans. But the ads on Meta-owned platforms aren't being paid for by any news outlet — they're a product of Harris' presidential campaign, which has spent heavily on social media platforms and embraced influencers to power her online efforts against Trum...

Mark Zuckerberg joins exclusive $300 billion club, is second-richest person in world

Mark Zuckerberg's wallet keeps getting fatter. The Meta CEO is now the second-richest person in the world, overtaking Jeff Bezos and Bernard Arnault. With a personal fortune of $US206 billion ($303 billion), according to recent figures from Bloomberg's Billionaire Index, he now only trails Elon Musk. Mark Zuckerberg joins exclusive $200 billion club, is second-richest person in world (CNN) Recent figures from Bloomberg's Billionaire Index show Zuckerberg has grown his personal fortune by a whopping $US78.1 billion ($114.9 billion) in 2024. He joins an elusive US$200 billion ($294 billion) club that only counts two other members. That includes Musk ($376 billion), the CEO of Tesla and X, and Bezos ($301 billion), the founder of Amazon. Arnault, the CEO of l...