# Facebook

ALL From Facebook

Meta in Talks with Magic Leap for AR Products Manufacturing and IP Licensing

Facebook's parent company, Meta, is reportedly in early talks with augmented reality start-up Magic Leap to create a multi-year agreement that could include intellectual property licensing and contract manufacturing in North America for AR products.

FTC Pushes To Ban Meta From Profiting off Children’s Data

On Wednesday, the Federal Trade Commission proposed sweeping changes to how Meta operates, accusing the company of violating a suite of child privacy protections, including the Children’s Online Privacy Protection Act (COPPA). The FTC's proposed changes would ban Meta, Facebook, and the rest of the company's properties from monetizing the data of children under 18 years old. The FTC's proposal is just the first step in a process to heighten Meta's privacy and security practices. The FTC has asked Meta to respond within 30 days to its findings and proposal. After receiving Meta's response, the agency would then vote on whether to alter or adopt the proposed rules.

ChatGPT and AI the Newest Vector for Malware: Meta Security Team

Facebook parent Meta’s security team found 10 malware families posing as ChatGPT and similar artificial intelligence tools in March, some of which were found in various browser extensions, noting: 

Meta Stock Pops 14% As Focus on Facebook, Instagram Pays Off

Traders seem to appreciate Meta's prioritization of its core business lines during the first quarter of 2023.

Meta Profits Slump 23% as Metaverse Bet Continues to Cost the Company Billions

Facebook parent Meta reported profits fell 23% during its first quarter compared to last year on Wednesday, as Mark Zuckerberg’s social media empire tries to find its footing amid a weaker economy.

Meta Lays Off Employees, Including Gameplay Programmers, as Company Continues Downsizing Efforts

Meta, the parent company of Facebook, has laid off an undisclosed number of employees, including gameplay programmers who work on virtual and augmented reality products, according to LinkedIn posts.

Facebook and Instagram to Discontinue Support for Digital Collectibles Starting April 11, 2023

Meta, the parent company of Facebook and Instagram, opened NFT sharing on both platforms to all US users on September 2022.

Crypto Morning Briefing: Meta Plans To Use Generative AI To Create Social Media Ads by 2022

Dubai Regulator Demands Binance Provide Info on Ownership; Binance Rejected Justin Sun’s Offer to Buy His Huobi Stake; OKX and Google Cloud Host Successful Hackathon for Decentralized Applications on OKT Chain

Meta Plans To Use Generative AI To Create Social Media Ads by 2022

Meta, the parent company of Facebook and Instagram, plans to use its proprietary generative AI to create ads for companies by the end of this year. Currently a major revenue stream for Meta, the company wants to use artificial intelligence to design ads for brands that advertise on Meta's social platforms.

Facebook Parent Meta Plans Lower Bonus Payouts for Some Staff

Facebook parent Meta plans to lower some bonus payouts and to assess employee performance more frequently.