Under EU antitrust regulations, Meta has proposed a solution: to display eBay product information, resulting in a nearly 10% surge in the latter's stock price.
On Wednesday Eastern Time, Meta announced that it will display eBay's product information on Facebook Marketplace in response to the European Union's antitrust ruling. The ruling imposed a fine of 0.798 billion euros on Meta, which has appealed the decision. After the news was announced, eBay's stock price surged over 13% during Regular Trading Hours.
Meta has also begun to embrace freedom of speech! Trump and X are both cheering for it.
①Meta updated the content review method for its social platform on Tuesday, eliminating professional fact-checking and allowing users to post controversial content; ②Zuckerberg claimed that the malicious content defined by the new method would be less, but it could reduce some compliant content and accounts being mistakenly deleted; ③Trump and X welcomed Meta's new policy, which is also seen as a gesture of goodwill from Meta towards Trump.
Brazil has ordered Meta to clarify whether the cancellation of the 'fact-checking' program applies to the country.
On January 9, Gelonghui reported that Brazilian prosecutors ordered the Social Media platform Meta to clarify whether its recent announcement about canceling the USA "fact-checking" program also applies to Brazil. Meta canceled the USA fact-checking program on Tuesday and reduced restrictions on discussions of contentious Topics like immigration, gender identity, and politics. Brazil has requested that Meta respond within 30 days. Brazilian prosecutors stated that they require Meta to provide more details about the changes to the program to continue combating misinformation and violence on Social Media in Brazil. The Social Media platform X was suspended for more than a month in Brazil last year for failing to comply with a court order, which included failing to mitigate.
Meta Platforms(META.US) 10% Shareholder Sells US$66.4 Million in Common Stock
$Meta Platforms(META.US)$ 10% Shareholder Zuckerberg Mark sold 35,921 shares of common stock on Jan 6, 2025 at an average price of $618.4425 for a total value of $22.22 million.Source: Announcement(
Futu Daily Report | Will the Federal Reserve pause interest rate cuts? Meeting minutes show officials are eager to slow down the pace of rate cuts; U.S. stocks are closed today in mourning for the death of former President Carter's.
The Trump team is reportedly considering declaring a national economic emergency to implement high and widespread tariffs; Bearish surprise! A single remark from NVIDIA CEO Jensen Huang triggered a collective drop in USA quantum computing stocks.
U.S. stock market closing | Jensen Huang caused a collapse in quantum computing stocks, QUBT fell over 43%; China Concept Stocks fell, Xiaopeng Autos dropped over 5%.
① The Nasdaq China Golden Dragon Index fell by 0.67%, with most China Concept Stocks declining; ② Wildfires ravaged California, and Electrical Utilities provider Edison International fell by 10%; ③ Jensen Huang stated that a "very useful" quantum computer may take several decades to arrive; ④ Intel: will continue to focus on the independent graphics card market.