Meta AI says its Ray-Ban smartglasses are now available in four European countries.Beginning Monday (Nov. 18), users in France, Spain, Ireland and Italy can use these artificial intelligence (AI)-powered glasses to get answers to questions, with those responses now available in French, Italian and Spanish, as well as in English.“With Meta AI on Ray-Ban Meta glasses, people have a hands-free way to ask questions on-the-go and receive real time answers and information, recommendations, or even receive some cr ...

India’s competition watchdog has ordered WhatsApp to stop sharing data with other Meta companies for advertising purposes for five years and also levied a fine of $25.4 million for antitrust violations related to WhatsApp’s controversial 2021 privacy policy.The Competition Commission of India, which began the investigation in 2021, found that WhatsApp’s “take-it-or-leave-it” privacy update constituted an abuse of Meta’s dominant position by forcing users to accept expanded data collection without an opt-out ...

Artificial intelligence (AI) has been a hot investing trend ever since ChatGPT exploded onto the scene in late 2022. The opportunities are hard to overstate, but that hasn't stopped analysts from trying. In a recent analysis from PwC, the consulting firm predicted an extra $15.7 trillion in worldwide economic activity by 2030.Wall Street's biggest investors expect AI to infiltrate every corner of the global economy. Thanks to quarterly disclosures required by the Securities and Exchanges Commission, the res ...

Business: Meta Platforms builds technologies that help people find communities and grow businesses. The company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables and in-home devices. The company operates through two segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp and other services. RL includes augmented and virtual reality-related consumer hardware, ...

It can only be said that shares of Meta Platforms Inc NASDAQ: META are having an absolutely blockbuster year, with gains of up to 70% year-to-date already locked in. This is making Meta one of the best performers among large-cap tech stocks in a year, and that's been good for equities in general. Unsurprisingly, the stock has repeatedly hit all-time highs, with October's record almost broken earlier this month.  As we head into the final few weeks of the year, there are several reasons investors should be g ...

Meta Platforms Inc. (NASDAQ: META) has become a focal point for investors this year, driven by advancements in artificial intelligence (AI) and rising engagement across its flagship platforms, Facebook and Instagram.However, recent price volatility and intensifying regulatory scrutiny are causing investors to weigh the potential for further gains against the risk of near-term headwinds.As of the market close on November 14, META is trading at $576, reflecting a 0.5% loss over the past 24 hours. Over the pas ...

Key TakeawaysMeta is facing a new 797 million euro fine from European regulators, this time over its Facebook Marketplace service.The European Commission said Thursday that Meta tying Marketplace to Facebook gave the platform an unfair advantage over its European competitors.Meta said it will appeal the decision, and said it "ignores the market realities" of Europe's competitive classifieds market. Meta Platforms (META) has been fined 797.72 million euros ($843.31 million) by European regulators who accused ...

Meta is in hot water in Europe once again. The European Competition Commission issued the Facebook and Instagram parent company with a fine on Thursday to the tune of 798 million euros ($843 million) over "abusive practices." At the heart of the issue is Meta's Facebook Marketplace classified ads platform, which is embedded within the social network. The Commission claims that this creates an uneven playing field for other service providers of classified ads, which don't have the advantage of being tied so ...

Meta said Thursday (Nov. 14) that it will appeal the European Commission’s (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm.The EC announced Wednesday (Nov. 13) that it fined Meta 797.72 million euros (about $842 million), saying the company violated European Union (EU) antitrust rules by tying Facebook Marketplace to Facebook.The EC found that Meta gave its online classified ads service a substantial advantage over its competitors by automat ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The fine is the latest in a string of hefty penalties the European Commission, the regulator for the 27-nation European Union, has imposed against Big Tech companies over their practices in recent years -- and ranks among the 10 largest antitrust fines. The EU fined online giant Meta almost 800 million euros on Thursday for brea ...