Tag:

Meta

EU charges Meta over addictive Facebook and Instagram features

The European Commission has concluded that Meta breached EU digital rules under the Digital Services Act, accusing the tech giant of employing "addictive" design features—such as infinite scrolling and personalised recommendations—that deliberately hook children and vulnerable adults. According to regulators, these features induce a user urge that effectively places the brain on "autopilot," while Meta has allegedly failed to act on data showing minors using the apps late at night. The firm now has the opportunity to defend its practices but faces a potential fine of up to 6 per cent of its global annual turnover if it fails to implement satisfactory changes.

Demand for chips remains significantly greater than supply

TSMC, the world's leading semiconductor manufacturer, has confirmed that global appetite for AI chips continues to outstrip production capacity—even as the company pours billions into expanding its manufacturing footprint.

Wall Street opens higher ahead of Fed rate decision

Markets on Wall Street started the week in positive territory as investors looked ahead to a key interest rate decision from the Federal Reserve. The central bank is expected to hold rates steady amid uncertainty linked to the war in the Middle East. Technology stocks were among the main gainers, led by Meta and Nvidia.

Meta faces increased fines

The Court of Appeal in Amsterdam has doubled the potential fines against Meta to €10 million over its failure to fully implement chronological feeds. While the parent company of Facebook and Instagram has made some changes, the court ruled that more pressure is needed to ensure full compliance. These measures aim to give users more control over how they view content online.

EU warns Meta for blocking competition on WhatsApp

The European Commission has escalated its antitrust case against Meta over new WhatsApp rules that block rival AI tools from reaching users. The EU has issued a formal Statement of Objections and is weighing interim measures that could force Meta to reopen access while the investigation continues. The outcome could reshape how major tech platforms are allowed to control access to AI services in Europe.