The parent company of Facebook, Meta, threatened to stop allowing news on its platform on Monday if the US Congress approved a measure to make it simpler for news organizations to bargain collectively with firms like Alphabet’s Google and Facebook. According to informed sources, lawmakers are considering including the Journalism Competition and Preservation Act […] Read more
LONDON — The U.K.’s competition regulator announced Thursday it’s starting an investigation into Facebook’s acquisition of popular GIF website Giphy, which is reportedly valued at $400 million. The Competition and Markets Authority said that it plans to launch the first phase of its probe on Friday, adding that it will issue a decision on whether it plans to take it […] Read more
Facebook’s sharing of data on its European users with the U.S. is legal and provides sufficient protections, the legal advisor to the EU’s top court said Thursday. In a symbolic win for the social network, Henrik Saugmandsgaard Oe, advocate general to the Court of Justice of the European Union (CJEU), said the use of so-called […] Read more
