Meta fined over US$400 million by EU for alleged personal data collection violation
Meta, the parent company of Facebook and Instagram, plans to appeal the decision.
Meta, the parent company of Facebook and Instagram, plans to appeal the decision.
It was a tough year for tech billionaires, Russian oligarchs–and Elon Musk.
Tesla remains the 5th largest stock in the S&P index after losing $500bn in market capitalization in the last 12 month.
Focus on the metaverse comes as advertising revenues are under pressure.
The EU’s fine against the American tech giant is the largest antitrust penalty it has handed out so far.