European users will soon be able to pay a fee to opt out of all advertisements on Meta’s products. The subscription is being introduced in response to EU regulators’ concerns.
In addition to the new VR headset, the latest developments in AI were also presented, including an AI image generator for Instagram and a range of AI bots for messaging and social media.
Meta has released details on how it will implement the EU’s Digital Services Act, including greater transparency and an option for users to opt out of personalized recommendations.
“We’re exploring a standalone, decentralized social network for sharing text updates,” a Meta spokesperson said in a statement to Variety.
On Sunday, Mark Zuckerberg announced the introduction of a new subscription-based product called Meta Verified.
In a mail sent to hundreds of executives, the company’s CEO took accountability for the problem of overstaffing, which Zuckerberg claims originated from his “overoptimism” about growth.
The Guardian reports Meta’s take on how serious a Facebook ban can be, and what Zuckerberg has revealed during his interview with Joe Rogan.
No need to beat around the bush, Facebook-turned-Metaverse, into which Meta has been investing tens of billions of dollars is fantastic…-ally bad.
“As consumers’ viewing behaviors are shifting to short-form video, we are shifting our focus to Reels on Facebook and Instagram,” Facebook explains. Live shopping will still be available on Instagram.
Meta’s revenues fell to 28.8 billion dollars, while net profits plummeted by 27%, to around 6.7 billion dollars. This marks the end of an era for Facebook, which has been on a consistent rise since 2012.
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