Meta Quarterly Earnings: Profit Declines With Losses in Reality Labs
Posted inAntitrust Laws and Competition Issues Company Reports Computers and the Internet Facebook Inc Instagram Inc Meta Platforms Inc Metaverse (Internet) Online Advertising Social Media Virtual Reality (Computers)

Meta Quarterly Earnings: Profit Declines With Losses in Reality Labs

The social networking company, which is trying to shift into the so-called metaverse, posted falling sales and said it was “making significant changes” to operate more efficiently.
Meta Forced to Sell Giphy After British Antitrust Order
Posted inAdvertising and Marketing Antitrust Laws and Competition Issues Competition and Markets Authority (Great Britain) Computers and the Internet Facebook Inc Giphy Inc Great Britain Meta Platforms Inc Regulation and Deregulation of Industry Social Media

Meta Forced to Sell Giphy After British Antitrust Order

The sale is the first time Meta has been forced by regulators to sell a part of its business, a sign of increased antitrust scrutiny around the world.