December 6, 2022
Sci & Tech

The $4.4b quarterly profit for Meta more than halved

The parent company of Facebook, Meta, revealed on Wednesday that its third-quarter profit more than halved from $9.2 billion to $4.4 billion and that it is planning “major changes” to increase efficiency in the face of a challenging economic climate. The social networking behemoth also reported that income dropped to $27.7 billion from $29 billion […]

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Sci & Tech

South Korea record fines for privacy violations are levied against Google and Meta

SEUL: South Korea has penalised Google and Meta more than $71 million for collecting users’ personal information without their agreement to create personalised advertisements. This is the largest data protection fine ever levied in the nation. According to the Personal Information Protection Commission, investigations into the two US IT behemoths revealed that they had been […]

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