Meta scales back metaverse spending following reports of cutting budget by up to 30%
Meta pivots from costly metaverse projects to AI-powered glasses. Company redirects Reality Labs resources following reports of lukewarm metaverse reception.
Mark Zuckerberg is never giving up on the Metaverse: Charles Payne
'Making Money' host Charles Payne analyzes Meta and reveals whether a year-end market rally is still on the table on 'Varney & Co.'
Meta's outlook not looking 'super promising,' says chief investment officer
Spear Invest founder and CIO Ivana Delevska explains why Meta is having its worst day in 18 months and reveals the 'best place' to invest on 'Making Money.'
Meta cuts 600 jobs amid AI expansion push — as automation replaces human staff
Meta announced job cuts affecting 600 employees across AI research divisions, although the company expects most workers to find new internal roles.
Meta to allow teens' parents to disable private chats with AI after backlash over flirty chatbots
Meta announced on Friday parents would be allowed to disable their teenagers' private chats with AI characters, the latest safety measure for its social media platforms.
Meta removes Facebook group accused of harassing ICE agents after DOJ pressure
Attorney General Pam Bondi says Meta complied with DOJ request to remove a Facebook group that violated policies against coordinated harm targeting ICE.
Meta unveils 'PG-13' feature amid growing concerns over kids’ online safety
Meta spokesperson Tara Hopkins joins 'Fox & Friends' to defend the company’s new safety setting as parents and experts question whether social media can ever be safe for minors.
Meta places new safeguards on teen Instagram accounts, introduces PG-13-guided content filters
Instagram will moderate the content for users under 18 using filters guided by the PG-13 movie rating system, parent company Meta announced on Tuesday.
Social media giants scramble to control Charlie Kirk assassination videos after Utah shooting
Social media platforms are removing some graphic videos and implementing warnings and age restrictions on other videos of the assassination of conservative activist Charlie Kirk.
Meta launches California Super PAC to support pro-AI policy candidates amid regulatory concerns
Meta is launching a Super PAC to support California candidates who back pro-artificial intelligence policies ahead of competitive midterm elections expected in 2026.
FOX Business Briefs 8/22
Google wins $10 billion cloud contract from Meta; Ross Stores sales show shoppers are looking for discounts; Chili’s pays fat bonuses to staff after record-setting sales; Las Vegas struggles with summer tourism slump.
GOP and Dem lawmakers slam Meta over AI bots having 'sensual' chats with children
Republican Sen. Josh Hawley has said he'll launch a congressional probe into Meta's AI chatbot policies that allowed sensual interactions with minors.
Bipartisan senators call for Instagram to shut down its new map feature, citing children's safety concerns
Sens. Marsha Blackburn and Richard Blumenthal are pushing for Instagram's new map feature to be shut down, warning it could pose risks to children's safety.
Robby Starbuck, Meta settle lawsuit over AI chatbot defamation claim
Conservative activist Robby Starbuck settles defamation lawsuit against Meta and will serve as consultant to help combat political bias in the company's AI models.
Market expert explains positive takeaways from Microsoft, Meta's performance
CFRA Research senior equity analyst Angelo Zino discusses the performance of Microsoft, Meta and the overall tech sector in the markets, the Federal Reserve's rate decision and Q2 GDP growth.
Senator slams Big Tech's role in 'pirating' copyrighted books for AI training purposes
Meta executives acquired pirated books for AI training despite ethical concerns. Recent court rulings on AI copyright infringement show mixed results for authors.
Sen Hawley questions whether Meta overstepped in pirating authors’ works for AI
Sen. Josh Hawley, R-Mo., questions whether Meta overstepped copyright laws when it pirated works from authors to improve its AI functionality.
Chatbot use on the rise despite skepticism from voters
Tech giants including Amazon and Microsoft restructure their workforce as artificial intelligence transforms industries, though experts predict AI will create new jobs
GameStop customers could receive cash payout following settlement over alleged privacy breach
GameStop settles class-action lawsuit for $4.5 million after plaintiffs accuse retailer of sharing customer data with Facebook via tracking pixel.
FOX Business Briefs 7/1
Stocks wrapped up first half of the year with fresh records; Renault to take $11 billion hit on its stake in Nissan; L'Oréal to acquire fast-growing professional haircare brand; Amazon on cusp of using more robots than humans in warehouses.