News | Latest Breaking News Stories & Headlines

Meta Platforms and social media company Snap have been given a December 1 deadline to give more information on how they protect children from illegal and harmful content, the European Commission said

Meta, Snap to detail child protection measures by Dec 1

Facebook owner Meta Platforms and social media company Snap have been given a December 1 deadline by the EU to give more information on how they protect children from illegal and harmful content, the European Commission said today.

Business • 10 Nov 23

Anne O'Leary, Head of Meta Ireland, at the company's new Dublin headquarters in Ballsbridge

Meta opens its new headquarters in Dublin

Meta has officially opened its new international headquarters at Ballsbridge in Dublin after what the company described as a "challenging year".

Business • 26 Oct 23

Shares of Meta have risen nearly 150% so far this year

Meta beats revenue estimates on digital ad strength

Meta Platforms last night beat expectations for third-quarter profit and revenue, helped by its ongoing austerity drive and a recovery in digital advertising spending ahead of the Christmas season.

Business • 26 Oct 23

The proposal is an attempt by Meta to circumvent EU regulations that threaten to curb its ability to personalise ads for users without their consent and hurt its major revenue source

Meta floats €10 a month ad-free plan for Facebook in EU

Meta Platforms is exploring options to introduce ad-free subscription plans for Instagram and Facebook users in Europe, a person familiar with the matter said today.

Business • 03 Oct 23

Meta Platforms has surrendered one of the two buildings it had leased at London's Regent's Place

Meta surrenders lease at one London building

British Land said today that Meta Platforms had surrendered one of the two buildings it had leased at London's Regent's Place, as tech companies turn cautious about office real estate due to prevailing macroeconomic uncertainties.

Business • 26 Sep 23

WhatsApp has more than 2 billion monthly active users

WhatsApp denies report platform is exploring ads

WhatsApp's top head has today denied a Financial Times report that said the Meta Platforms-owned messaging platform was exploring advertisements as it sought to boost revenue.

Business • 15 Sep 23

Facebook parent Meta is aiming for its new AI model to be ready next year, reports say

Meta developing new, more powerful AI system - WSJ

Meta Platforms is working on a new artificial-intelligence system intended to be as powerful as the most advanced model offered by OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Business • 11 Sep 23

Several internet giants - including Meta's Facebook and Instagram platforms and Apple's online App Store - will face new obligations in the EU from tomorrow

Big Tech braces for EU's Digital Services Act roll-out

More than a dozen of the world's biggest tech companies face unprecedented legal scrutiny, as the European Union's sweeping Digital Services Act (DSA) imposes new rules on content moderation, user privacy and transparency.

Business • 24 Aug 23

Threads' users will now be able to access the microblogging platform by logging-in to its website from their computers

Meta rolls out web version of Threads

Meta Platforms has today launched the web version of its new text-first social media platform Threads, in a bid to retain professional users and gain an edge over rival X, formerly Twitter.

Business • 22 Aug 23

Meta shares were up 7.5% in after-hours trade on Wall Street last night

Meta rallies as AI-powered ad sales drive forecast

Meta shares surged nearly 8% today as a rosy revenue forecast showed that artificial intelligence was helping the social media giant boost engagement and ad sales even in an uncertain economy.

Business • 27 Jul 23

The top AI firms have pledged to thoroughly test systems before releasing them and share information about how to reduce risks and invest in cybersecurity

AI firms pledge to watermark AI content for safety

Top AI companies including OpenAI, Alphabet and Meta Platforms have made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to help make the technology safer, the Biden administration said.

Business • 21 Jul 23

Meta Platforms will be fined one million crowns a day by Norway over privacy breaches unless it takes remedial action

Norway regulator to fine Meta over privacy breaches

Facebook and Instagram owner Meta Platforms will be fined one million crowns ($100,000) per day over privacy breaches unless it takes remedial action, Norway's data protection authority said today, in a move that could have wider European implications.

Business • 17 Jul 23

Nvidia shares are up well over 200% this year

Investors brace for earnings from 'Magnificent Seven'

The massive growth and technology names that have dominated the US stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year's equity rally.

Business • 17 Jul 23

Twitter threatens to sue Meta over Threads platform

Twitter has threatened to sue Meta Platforms over its new Threads platform in a letter sent to the Facebook parent's CEO Mark Zuckerberg by Twitter's lawyer Alex Spiro.

Business • 07 Jul 23

Threads, Instagram's text-based conversation app, is expected to be released on Thursday

Meta to launch Twitter challenger app Threads

Meta Platforms plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a temporary cap on how many posts users can read on the social media site.

Business • 04 Jul 23

The European Union last month adopted the world's first comprehensive set of rules for cryptoasset regulation

Instagram, YouTube, TikTok target of crypto complaint

Meta Platforms' Instagram, Alphabet's YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets.

Business • 08 Jun 23

Meta shares surged 12% in after hours trading on Wall Street last night, adding over $50 billion to its market value.

Meta touts AI might as digital ads boost outlook

Meta Platforms CEO Mark Zuckerberg said last night that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations.

Business • 27 Apr 23

Meta's mass layoffs in November, which saw more than 11,000 jobs cut, was the first in the company's history

Meta to cut more jobs as soon as this week - report

Meta Platforms will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News has reported, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce.

Business • 07 Mar 23

WhatsApp has told the EU it will make it easier for users to reject updates when they disagree with them

WhatsApp agrees to comply with EU rules

Meta Platforms' WhatsApp has agreed to be more transparent on changes to its privacy policy update introduced last year, the European Commission said today.

Business • 06 Mar 23

Meta cut more than 11,000 jobs or 13% of its workforce in November

Meta planning another round of layoffs - report

Facebook parent Meta Platforms has delayed finalising the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported over the weekend.

Business • 13 Feb 23

Meta stock surged nearly 19% in after-hours trade on Wall Street last night

Meta stuns Wall St with lower costs and upbeat sales

Meta Platforms' stricter cost controls this year and a new $40 billion share buyback sent its shares soaring last night, as CEO Mark Zuckerberg called 2023 the "Year of Efficiency."

Business • 02 Feb 23

Cambridge Analytica, now defunct, worked for Donald Trump's successful presidential campaign in 2016

Meta to settle Cambridge Analytica case for $725m

Facebook owner Meta Platforms has agreed to pay $725m to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users' personal information.

Business • 23 Dec 22

IDA Ireland said its outlook is dependent on the Russia-Ukraine war, inflation, monetary policy and geopolitical developments

IDA has 'healthy pipeline' for 2023 despite challenges

IDA Ireland client companies are generally optimistic on the prospects for their businesses, despite the current challenges and uncertainty in the global environment, the agency has told an Oireachtas committee.

Business • 09 Nov 22

The offering will help Meta to build a more traditional balance sheet and fund some expensive initiatives, such as its metaverse virtual reality

Meta raises $10 billion in first ever bond offering

Facebook-parent Meta Platforms has raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.

Business • 10 Aug 22

The Meta case underscores the mounting regulatory scrutiny worldwide of US tech giants and measures to rein in their power

Meta slams German antitrust watchdog's 'flawed' order

Meta Platforms, owner of Facebook, has today criticised a landmark German competition order to curb its data collection as "clearly flawed" and which undermines EU data protection rules.

Business • 10 May 22