Facebook’s owner Meta Platforms saw its stock market value slump by more than $230bn (£169bn) on Thursday, in a record daily loss for a US firm. Its shares fell 26.4% after quarterly figures disappointed investors. Meta also said that Facebook’s daily active users (DAUs) had dropped for the first time in its 18-year history. The […]
An Australian billionaire has launched a criminal case against Facebook, alleging the company failed to prevent scam ads that used his image. Andrew Forrest argues Facebook breached Australian anti-money laundering laws over the spread of cryptocurrency cons. He said it was the first time Facebook was facing a criminal case globally. Facebook’s owner, Meta, did […]