Facebook is planning to introduce virtual tokens and loans as it seeks new revenue streams amid fierce competition from other social media platforms. Meta, which had hopes to launch a cryptocurrency dashed by regulatory setbacks, has suffered an exodus of users from its platforms Facebook and Instagram, whose business model is based on adverts. Meta…
The owner of Facebook has “no quarrel with the Russian people”, Sir Nick Clegg said, after the company was declared an “extremist organisation” by the Kremlin. Meta’s global affairs chief said the changes to its hate speech policies allowing death threats against Vladimir Putin only applied in Ukraine and were “focused on protecting people’s rights to…
Every day billions of people send private messages as an essential part of daily life – to check in with family and friends, talk to their child’s teacher, and even communicate with doctors. It’s why apps that use end-to-end encryption – where only the sender and recipient can access the contents of a message –…
Sir Nick Clegg has admitted that Facebook’s new “metaverse” is years away from reality in a bizarre video exchange with Mark Zuckerberg. In a video discussion with Mr Zuckerberg, the former deputy prime minister who is now Facebook’s head of global affairs and communications, said: “We have years until the metaverse we envision is fully realised;…
Facebook, Instagram and WhatsApp were all down for nearly six hours on Monday after they were was hit by a major outage. But what went wrong and could it happen again? Why did Facebook go down? Facebook, which also owns Instagram and WhatsApp, has apologised for the disruption, which it blamed on a “faulty configuration…
Nearly $50bn (£36.7bn) was wiped off Facebook’s value after its social media platforms went down for several hours due to an apparent technical error. Facebook and Instagram were partially reconnected to users around the world around 10.45pm on Monday, nearly six hours into a global outage. Facebook issued an apology for the outage which impacted…
