TOBY SHAPSHAK: Watchdog takes bite out of Facebook’s income
EU rules that FB’s personalised adverts are illegal and must stop
12 January 2023 - 05:00
The year has begun for Facebook like last year ended. Having been barred from buying GIF-site Giphy last year, its CEO Mark Zuckerberg has discovered he can’t buy his way out of trouble as he did with Instagram and WhatsApp.
The cause of his conundrum is that he can’t reinvent Facebook or Instagram into a virtual reality (VR) app or TikTok. Both are floundering, and Facebook’s new holding company, Meta, is bereft of ideas on how to keep growing...
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