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On July 6, Meta launched a new app, Threads, a competitor to Twitter. [89] Meta announced its artificial intelligence model Llama 2 in July 2023, available for commercial use via partnerships with major cloud providers like Microsoft. It was the first project to be unveiled out of Meta's generative AI group after it was set up in February.
The case centers on Meta acquisition of Facebook's two former competitors—Instagram and WhatsApp. The FTC alleges that Meta holds monopolistic power in the US social networking market and seeks to force the company to divest from Instagram and WhatsApp to break up the conglomerate. The Federal Trade Commission said that Meta's actions prevent ...
On October 20, 2021, during a phone call with Facebook, Meta Company declined the offer and were told that their rights would be respected. However, on October 28, 2021, Facebook illegally changed its name to Meta Platforms and attempted to "bury [Meta Company] by force of media". [94] [95] November 4, 2021: Phhhoto, Inc. v. Facebook, Inc.
Zuckerberg’s Meta, which owns Facebook and Instagram, has teased a new app that is set to take on Twitter by offering a rival space for real-time conversations online.
Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held by rival Friendster. The majority of the companies acquired by Meta are based in the United States, and in turn, a large percentage of these companies are based in or around the San Francisco Bay Area.
Meta says the company's acquisitions of WhatsApp and Instagram have been good for consumers. If it loses the trial — scheduled for April — the FTC will seek to force the company to divest from ...
Meta’s Instagram Threads began rolling out a new custom feed feature to give users the ability to build their feeds around the people and topics they are most interested in. The feature was made ...
Salesforce announced a partnership with Meta Platforms in September 2022. The deal called for Meta's consumer application WhatsApp to integrate Salesforce's Customer 360 platform to allow consumers to communicate with companies directly. [32] In November 2022, Salesforce announced it would terminate employees in its sales organization. [33]