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- Reuters
Meta reaches $37.5 million settlement of Facebook location tracking lawsuit
Meta Platforms Inc reached a $37.5 million settlement of a lawsuit accusing the parent of Facebook of violating users' privacy by tracking their movements through their smartphones without permission. A preliminary settlement of the proposed class action was filed on Monday in San Francisco federal court, and requires a judge's approval. It resolved claims that Facebook violated California law and its own privacy policy by gathering data from users who turned off Location Services on their mobile devices.
- Sky News
Facebook parent Meta reports weakest revenue growth for a decade as ad sales suffer
Facebook's parent company has reported its weakest revenue growth for a decade but witnessed a recovery in its share price following a torrid 2021 to date for the company. Meta Platforms recorded revenue of $27.9bn between January and March - slightly below what Wall St had expected. The company had warned at the time of its 2021 annual results in early February that revenues during the first quarter of 2022 would not meet market forecasts for several reasons, including increased competition.
- Reuters
War damage costs Ukraine's gas transit operator hundreds of millions of euros
Sergiy Makogon, CEO of the operator (OGTSU), wrote on Facebook that the company continued to distribute gas to Ukrainian consumers. But he said three main gas pipelines had been damaged, two gas distribution stations had been destroyed, 48 gas distribution stations had stopped operations and four compressor stations had been seized by Russian forces. "Our material damage already amounts to hundreds of millions of euros," Makogon said on Facebook.
