Meta Platforms (Facebook) Stock News

Meta was punished Friday with a fine worth more than $100 million from the social media giant's European Union privacy regulator over a security lapse involving passwords for Facebook users.

Meta, the parent company of Facebook, has been fined €91 million by Ireland's Data Protection Commission (DPC) over a serious password-security breach that affected 36 million Facebook and Instagram users in the European Economic Area (EEA).

Reset your clocks: Meta has been hit with yet another privacy penalty in Europe. On Friday Ireland's Data Protection Commission (DPC) announced a reprimand and a €91 million fine — around $101.5M at current exchange rates — after concluding a multi-year investigation into a 2019 security breach by Facebook's parent company.

Amazon stock started strong in 2024 but sold off to close the summer. The stock is hovering just below record July highs.

The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users' passwords without protection or encryption.

CNBC senior media and tech correspondent Julia Boorstin was able to experience Meta's Orion AR glasses prototype, and she was impressed by how lightweight they were. Meta CEO Mark Zuckerberg revealed the Orion glasses on Wednesday and pitched them as "a glimpse of a future that I think is going to be pretty exciting.

Building great A.R. glasses is the hardest problem in consumer technology.

Was für Apple die WWDC und Apple Intelligence waren, soll im Fall der Facebook-Muttergesellschaft Meta Platforms die diesjährige "Connect"-Veranstaltung werden.