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Americas 1 year ago

Meta seeks nuclear power developers for reactors to start in early 2030s

The company wants to add 1 to 4 gigawatts of new US nuclear generation capacity starting in the early 2030s, it said in a release. A typical US nuclear plant has a capacity of about 1 gigawatt.

Asia & Pacific 1 year ago

Social media companies slam Australia's under-16 ban

The UN children's charity UNICEF Australia joined the fray, warning the law was no "silver bullet" against online harm and could push kids into "covert and unregulated" spaces online.

Tech 1 year ago

Google, Meta urge Australia to delay bill on social media ban for children

Google and Facebook-owner Meta Platforms urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact.

Tech 1 year ago

Free Facebook in EU with less targeted ads

Meta said that over the coming weeks users in the EU would have the choice of seeing "less personalized ads" when they use Facebook and Instagram.

Regulations 1 year ago

Australia proposes 'world-leading' ban on social media for children under 16

Australia is trialing an age-verification system to assist in blocking children from accessing social media platforms, as part of a range of measures that include some of the toughest controls imposed by any country to date.

Asia & Pacific 1 year ago

South Korea fines Meta for illegal collection of user data

The firm, which also owns Instagram, ran afoul of laws prohibiting the use of information on political opinions, religious beliefs and people's sex life unless the individual provides explicit consent, Seoul's Personal Information Protection Commission added.

Companies 1 year ago

Meta beats revenue and profit expectations in third quarter

Meta, which is also the parent company of Instagram and WhatsApp, said net income in the third quarter was $15.7 billion -- up 35 percent on the same period last year.

Regulations 1 year ago

Australia threatens fines for social media giants enabling misinformation

The government said it would make tech platforms set codes of conduct governing how they stop dangerous falsehoods spreading, to be approved by a regulator. The regulator would set its own standard if a platform failed to do so, then fine companies for non-compliance.

Tech 1 year ago

Zuckerberg says Biden administration pressured Meta to censor COVID-19 content

Meta Platforms CEO Mark Zuckerberg said senior officials in the Biden administration had pressured his social media company to censor COVID-19 content during the pandemic, adding that he would push back if this were to happen again.