Meta Platforms
Some of the key events about Meta Platforms
- 2004Launched Facebook as a social networking platform for college students
- 2006Opened Facebook registration to anyone over 13 years old with a valid email address
- 2010Introduced the "Like" button, revolutionizing user engagement on social media
- 2011Settled a lawsuit over its "Sponsored Stories" feature for $20 million
- 2012Acquired Instagram, expanding its social media portfolio
- 2012Acquired Instagram for $1 billion, raising antitrust concerns
- 2014Acquired WhatsApp, further expanding its messaging capabilities
- 2014Conducted controversial emotional manipulation study on users without explicit consent
- 2015Launched Internet.org initiative to provide free internet access in developing countries
- 2016Introduced Facebook Live, allowing users to broadcast live video to their audience
- 2016Faced criticism for allowing the spread of fake news during the U.S. presidential election
- 2017Launched Oculus Rift, bringing virtual reality technology to consumers
- 2018Cambridge Analytica scandal revealed improper access to data of millions of users
- 2018Admitted to storing millions of user passwords in plain text, compromising security
- 2019Agreed to pay $5 billion fine to FTC for privacy violations
- 2020Committed $100 million to support small businesses during the COVID-19 pandemic
- 2021Rebranded as Meta, signaling a shift towards developing the metaverse
- 2021Whistleblower leaked internal documents revealing knowledge of platform's negative effects
- 2021Rebranded as Meta amid growing controversies, seen by some as an attempt to distract
- 2023Fined €1.2 billion by EU for violating GDPR data transfer rules
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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Trump names **Andrew Ferguson** as future FTC leader‚ bringing fresh view on tech oversight and online speech issues. His appointment could re-shape how government handles big-tech cases and conservative voices online
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European regulators slapped Meta with a huge monetary penalty for breaking competition rules. The tech-giant misused its Facebook platform to gain unfair advantage in classified ads business
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Meta faces potential legal consequences from consumer protection agency over its ad practices. The social-media company might have mishandled third-party financial information in its advertising system
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