Meta wins by settling

Meta wins by settling

Meta Platforms has emerged from its biggest legal challenge in the US with its core business intact. The social media giant agreed on Wednesday to pay as much as US$18-billion over a decade and limit how teenagers use Facebook and Instagram under a sweeping agreement with nearly all US states to resolve claims that it…

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Meta agrees to  billion settlement over youth addiction

Meta agrees to $18 billion settlement over youth addiction

Meta Platforms has reached a proposed $18 billion settlement to resolve landmark lawsuits filed by dozens of state attorneys general accusing the company of engineering addictive social media platforms for youth and violating child privacy laws. Pending final court approval, the agreement concludes a high-profile trial brought by state regulators, led by California Attorney General…

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Meta cash flow collapses as AI bill hits 5-billion

Meta cash flow collapses as AI bill hits $145-billion

Meta CEO Mark Zuckerberg. Carlos Barria/Reuters Meta Platforms reported a 91% plunge in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout amid an uncertain payoff. The Facebook and Instagram parent company reported free cash flow of US$784-million in the second quarter ended 30 June, down…

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Meta launches Pocket – text-to-game vibe coding for mobile

Meta launches Pocket – text-to-game vibe coding for mobile

Meta has quietly soft-launched a new standalone mobile application called Pocket, a text-to-game creative platform designed around the emerging development trend of “vibe coding.” The application empowers users to build, play, and share interactive mini-games and digital experiences entirely through generative AI prompts; no coding knowledge required.  Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday:…

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