The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Meta Platforms, which owns WhatsApp, Instagram and Facebook, on Tuesday said it would appeal a judge’s ruling that a US regulator can seek to reduce the amount of money the social media company makes from users under 18.
Judge Timothy Kelly of the US District Court for the District of Columbia denied a motion filed by Meta on Monday for the court to hear the dispute with the Federal Trade Commission (FTC).
Meta in a court filing on Tuesday said it would appeal Kelly’s decision to the US Court of Appeals for the District of Columbia.
The fight is largely over whether an FTC judge or a district judge will decide whether the FTC can unilaterally tighten an earlier consent decree to limit what Meta makes off younger users, with the court process presumed to be quicker. Either would be appealed to a US appeals court.
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The dispute started in May when the FTC proposed changing a settlement reached in 2019 that required Facebook, which became Meta in 2021, to pay $5 billion.
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US Federal Judge Rules Against Meta in Privacy Fight With FTC
A federal judge ruled the regulator can seek to reduce the amount of money the social media company makes from users under 18.
The nature of livestream transactions makes it hard to identify and weed out counterfeits and fakes despite growth of new technologies aimed at detecting infringement.
The extraordinary expectations placed on the technology have set it up for the inevitable comedown. But that’s when the real work of seeing whether it can be truly transformative begins.
Successful social media acquisitions require keeping both talent and technology in place. Neither is likely to happen in a deal for the Chinese app, writes Dave Lee.
TikTok’s first time sponsoring the glitzy event comes just as the US effectively deemed the company a national security threat under its current ownership, raising complications for Condé Nast and the gala’s other organisers.