Tag: Facebook

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Shares of Facebook Parent Company Meta Plummets 26% in Biggest One-Day Drop Ever

Fiercer competition from other social networking platforms such as TikTok, the huge investments and the risk involved in turning to the so-called metaverse and Apple’s new privacy policy are the three main reasons for the shock results and financial forecasts of Meta, causing the unprecedented fall of its shares on the stock exchange – more or less equivalent in value to the GDP of Greece.

Facebook ban greek news australian publishers

Facebook blocks smaller Australian publishers following dispute with Australian government. Greek City Times a casualty

Facebook has banned legitimate Australian news from its platform, following its dispute with the Australian Government, threatening the businesses and livelihoods of smaller publishers and causing major disruption to important health, community and emergency services in Australia. Labelled a ‘dog act against all Australians’ by Australian News journalist Joe Hildebrand, the move means that people in Australia can no longer post links to news stories on Facebook.