Facebook and Instagram, owned by Meta, add further news on earnings, regulation, security, and taxation of digital services following the July outage. The American internet company's net profit fell 14 percent year-on-year in the second financial quarter to 15.85 billion dollars, although revenue rose by 28 percent. e15.cz ↗
The results were mainly affected by massive investments in artificial intelligence. According to the new data, the company's expenses grew faster than its revenues, and investor concerns were also reflected in a weakening of the shares. The conglomerate reportedly invested approximately 72 billion dollars in AI infrastructure last year, and this year these expenditures are expected to increase even more significantly.
The new obligation to label various images, videos, and texts created by artificial intelligence, which has been in effect in the European Union since Sunday, also fits into the broader regulatory pressure. Violations of the rules can carry high penalties, in the most serious cases up to 35 million euros.
Meta is also facing a trial in the American state of Tennessee concerning the impact of social networks on young users. State lawyers argued that the company's own research showed harmful consequences for teenagers, while the company pointed to transparency. SITA ↗
The company is also addressing privacy issues related to smart glasses. In the United Kingdom, police are investigating the case of a TikToker who allegedly used Meta glasses to secretly film people in public. Meanwhile, Indian minister Nitin Gadkari is seeking damages of 110 million rupees from Meta and other tech companies over allegedly defamatory posts. In Britain, according to a Monday survey by the Fair Tax Foundation, two-thirds of respondents supported raising the digital services tax. svet.sme.sk ↗
Meta reports profit decline and faces further regulatory questions
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This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
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Indický minister žaluje spoločnosť Meta za údajnú očierňovaciu kampaň
SITA
| 14:13 28.07.
VIDEO: Počas hasenia požiaru v Grécku sa zrazili dva vrtuľníky, jeden explodoval
STVR (Spravy)
| 17:11 02.08.
Počas hasenia požiaru sa zrazili dva vrtuľníky, posádku jedného zachránili
svet.sme.sk
| 17:09 02.08.
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