A divided U.S. appeals court said Meta Platforms (META.O), must face a class action by advertisers that accused the Facebook and Instagram owner of overcharging them by fraudulently inflating the number of people their ads might reach.
The European Union on Monday accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the bloc's latest maneuver to curb the power of Big Tech companies.
Facebook failed to detect blatant election-related misinformation in ads ahead of Brazil’s 2022 election, a new report from Global Witness has found, continuing a pattern of not catching material that violates its policies the group describes as “alarming.”
The rules and restrictions for running crypto ads on Facebook have been amended by Meta, previously Facebook, giving businesses and financial institutions greater leeway in marketing their digital asset goods. Because the "cryptocurrency market has continued to mature and stabilise in recent years, and has seen more government legislation that are defining clearer norms for their business," the social media behemoth said it was expanding. The number of regulatory licenses accepted by Meta has increased from three to twenty-seven, which is good news for the cryptocurrency business.
Previously, marketers could apply to run advertising and add details such as any licenses they had, if they were traded on a public stock exchange, and other relevant public information about their company. "In the future, we'll stop utilizing a variety of signals to validate eligibility and instead require one of these 27 licenses," Facebook writes in a blog post announcing the...
Social media giant Facebook announced Thursday it was banning all accounts linked to Myanmar’s military as well as ads from military-controlled companies in the wake of the army’s seizure of power on Feb. 1.
