Moreover, it has risen more than 30% within a two-month timeframe eleven times, with significant movements occurring in 2013 and 2025.

Meta violated the Digital Services Act (DSA) by failing to give Facebook and Instagram users simple mechanisms to report illegal content, the European Commission said in a preliminary decision announced yesterday. Meta also failed to give users an effective way to challenge content moderation decisions, the EC said.

A Meta executive told employees the job cuts are meant to help the company move faster when it comes to its AI efforts.

While the company announced job cuts in artificial intelligence, it also expanded plans to replace privacy and risk auditors with more automated systems.

Bank of America analysts Justin Post and his team provided an outlook for Meta ( META) stock ahead of the Q3 earnings report, scheduled for October 29. Analysts expect Q3 revenue of $50.0 billion and earnings per share (EPS) of $7.30. These estimates exceed Wall Street ’s projections for revenue of $49.5 billion and EPS of $6.69.

ZDNET's key takeaways Alibaba's new smart glasses are now available for preorder.The Quark AI glasses cost $659 and are available in China.They are Alibaba's first consumer-facing AI product. Another company is throwing a pair of smart glasses into the ring.

Meta, Google, Apple, HP and Ripple were all on a list released Thursday evening of donors to Trump’s $300 million ballroom, according to the New York Times. The donors also include big tobacco company Altria Group, Amazon, Coinbase, and crypto investors Cameron and Tyler Winklevoss.

A federal court ruled that Facebook parent Meta can't use attorney-client privilege to block internal documents and research related to teen harm, Bloomberg Law reported. The decision is a setback to Meta in its lawsuits against multiple states that accused the company of making its platforms addictive despite knowing they were harmful to teenagers.