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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Facebook

🌎 facebook.com

The Facebook company is now Meta. Meta builds technologies that help people connect, find communities, and grow businesses. Launched in 2004, Facebook changed the way people connect, and now includes apps like Messenger, Instagram, and WhatsApp. Meta is moving towards immersive experiences like augmented and virtual reality to enhance social technology and community building.

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Facebook - Latest News and Updates

• On November 14, 2024, Facebook announced plans to appeal the European Commission's decision that claims Facebook Marketplace hinders competition, arguing it meets consumer demand and provides a new choice in the European market.
• Facebook has been fined $841 million by the EU for antitrust breaches related to its Marketplace dominance.
• Facebook's parent company Meta has partnered with 13 universities in the U.S. and U.K. to test a new VR product in education.
• Prahlad Venkatapuram, Director of ASIC Development at Facebook Infrastructure, discussed Meta's AI innovations and their Tech Emmy award-winning Meta Scalable Video Processor on Silicon Valley Tech Talks.
• From November 12-14, 2024, Facebook will reduce the price of its ad-free subscription in the EU by 40% and introduce a free option with less personalized ads.

• Arhima Shofia Fariha joined Facebook as an Author in Indonesia, previously working as an Author at KBM App.

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