mark zuckerberg

September 16, 2024 3:57 PM

Biden administration pressured Meta to censor Covid content, Zuckerberg tells House Committee

Meta Chief Executive Officer Mark Zuckerberg, in a letter to the House Judiciary Committee has alleged that the Biden-Harris administration "repeatedly pressurised" Meta's teams to censor posts related to Covid. He further said that the platform had to make some changes, that "with the benefit of hindsight and new information," they won't make today. Zuckerberg also said he 'regrets' not being "more outspoken" about it. "In 2021, senior officials from the Biden Administration, including the Whi...

Meta sparks tech selloff as AI splurge spooks Wall Street

Shares of Meta Platforms META sank nearly 15% on Thursday, sparking a selloff in big tech stocks after the social media giant signaled its costly bet on AI would take years to pay off. The premarket drop was set to erase more than $180 billion from the company's market value and triggered a drop of 2% to 5% in shares of AI-focused firms Microsoft MSFT.O, Alphabet and Snap SNAP. Meta CEO Mark Zuckerberg, who floored Wall Street last year with his cost-cutting drive, said on a post-ear...