![]() ![]() Break things and try and fix them later.” I thought it was maybe a police siren.” Attorney George Wolf told the news outlet that residents were entitled to a chance to approve or reject such a development – “it’s very, very reckless to do things this way … It just sounds like it’s just his normal means of doing business. I went to my window, I looked around, I didn’t see anything. “I thought it was lightning, and I was very confused. Patricia Wallinga, who lives across from the headquarters, told CBS news it was “a danger” and “a clown show”. Over the weekend locals recorded video of the giant X glowing, pulsing and strobing, with some criticizing its intrusive lights. “The property owner will be assessed fees for the unpermitted installation of the illuminated structure.” “This morning, building inspectors observed the structure being dismantled,” a spokesperson from the city department of building inspection said by email on Monday. The move followed a post from Musk, the billionaire who acquired the company in October2022 for $44bn, announcing the newly renamed firm would remain in San Francisco despite what he termed the city’s recent “doom spiral, with one company after another left or leaving”. Meta's stock jumped $14.45, or 4.8%, to $313.02 in after-hours trading in response to the results.ĪP Business Writer Wyatte Grantham-Philips contributed to this report from New York.The city building department logged 24 complaints after a weekend of the big X, which on Friday was erected on the roof of the company’s downtown San Francisco headquarters, on Market Street, to the chagrin of neighbors who complained about intrusive lights. ![]() It has been able to maintain decent growth in monthly and daily active users across both Facebook and its family of apps, and it has seen strong performance from Advantage, its AI-driven suite of ad automation tools,” said Debra Aho Williamson, an analyst with Insider Intelligence. “There’s a lot to feel good about when it comes to Meta right now. Facebook had 3.03 billion monthly active users as of June 30, up 3% year-over-year. Revenue jumped 11% to $32 billion from $28.82 billion in the year-ago quarter. That’s up 16% from $6.69 billion, or $2.46 per share, in the same period a year earlier. The Menlo Park, California-based company earned $7.79 billion, or $2.98 per share, in the April-June period. ![]() What we know about Twitter's rebrand, new logo so far Meta's 2nd quarter earningsįacebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on July 26, buoyed by a rebound in online advertising after a post-pandemic slump. And the tech giant’s new text-based app, Threads, has not rolled out in the EU due to privacy concerns.ĭoes Threads have what it takes to last? Just weeks after launch, Instagram Threads app is already faltering In May, for example, the EU slapped Meta with a record $1.3 billion fine and ordered it to stop transferring users’ personal information across the Atlantic by October. lawmakers and spurred calls for people to delete their Facebook accounts.įacebook’s growth has stalled as more people connect and entertain themselves on rival services such as TikTok, but the social network still boasts more than 2 billion users worldwide, including an estimated 250 million in the U.S.īeyond the Cambridge Analytica case, Meta has been under fire over data privacy for some time. Uproar over the revelations led to a contrite Meta CEO Mark Zuckerberg being grilled by U.S. voters during the 2016 campaign that culminated in Trump’s election as the 45th president. The case sprang from 2018 revelations that Cambridge Analytica, a firm with ties to Trump political strategist Steve Bannon, had paid a Facebook app developer for access to the personal information of about 87 million users of the platform. The larger the number of people submitting valid claims, the smaller each payment will be since the money has to be divided among them. It’s not clear how much money individual users will receive. How much will I get from the Facebook settlement? To apply for the settlement, users can fill out a form and submit it online, or print it out and mail it. 22, 2022, is eligible to receive a payment. who has had a Facebook account at any time between May 24, 2007, and Dec. Meta is paying to settle a lawsuit alleging the world’s largest social media platform allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s 2016 presidential campaign.Īnyone in the U.S. Facebook users have one more month to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay late last year. ![]()
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