[ad_1] Unsealed court documents have revealed that Facebook had a secretive “Project Ghostbusters” that spied on its users’ Snapchat traffic Recovered emails suggest that the spying started in 2016 after Facebook recognized the growth potential of Snapchat Later, they also spied on Amazon and YouTube Facebook is in trouble for snooping on users’ Snapchat traffic. … Read more
[ad_1] The Supreme Court heard oral arguments Monday in two cases that could have a profound effect on the future of the internet and social media. The cases — NetChoice vs. Paxton and Moody vs. NetChoice — involve laws in Texas and Florida that prohibit social media companies from removing content from their platforms, clearly … Read more
[ad_1] Meta on Tuesday announced that it is working on developing tools that would identify images produced synthetically by generative AI. The company is currently working with industry partners to determine the technical standards for the identification of images, and eventually videos generated by generative AI tools. The social media giant also revealed plans to … Read more
[ad_1] Pinterest released a disappointing forecast for first-quarter revenue on Thursday that fell mainly below Wall Street expectations. This signals the intense competition Pinterest faces from more prominent social media players as the digital advertising market stabilizes after a rocky 2022. The San Francisco-based visual discovery platform saw its shares drop over 9% in extended … Read more
[ad_1] Even the deepest pockets have their limits. Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market … Read more