Brazil on Friday gave social media giant Meta 72 hours to explain its fact-checking policy for the country, and how it plans to protect “fundamental rights” on its platforms. Attorney General Jorge Messias told journalists his office could take “legal and judicial” measures against Meta if it does not respond...
Meta shares take $125bn hit as Facebook owner raises spending forecasts
Shares in Meta, the owner of Facebook, WhatsApp and Instagram, have fallen sharply after the company revealed it had raised its cost forecast for the current year. Investors sent the stock 10% lower in after-hours trading in New York when Meta's first-quarter results showed further bills were expected to fund...