Take control of your news and information experience by hiding content and sources or requesting to see more of the ones that interest you. It may well be: Meta’s suite of apps, including Facebook, WhatsApp and Instagram, serve 3 billion people. Zuckerberg hopes that his metaverse will be home to a billion people in the next decade. This means the company is likely just trying to put itself in a more beneficial negotiation position instead of actually planning on actually acting up on its threats. Be the first to see the top headlines and stories of the day alongside content personalized to your interests. And it’ll all happen through virtual reality headsets, as the company demonstrated back in August in a cringeworthy presentation to the press. Last week's financial report sent Meta's stock plummeting by 25% after the company lost daily active users for the first time in its history. 'To all the people and businesses around the. Meta's VP of Global Affairs, Nick Clegg, argues that this would be detrimental to a lot of businesses in the EU that rely on the services and ads the company provides. Facebook has apologized for the mass outage that left billions of users unable to access Facebook, Instagram, WhatsApp and Messenger for several hours. In the report submitted to Securities and Exchange Commission, Meta suggests that if the company fails to comply with the new EU regulations, it will simply stop providing its Facebook and Instagram services within the union. Sky News - First for Breaking News, video, headlines, analysis and top stories from business, politics, entertainment and more in the UK and worldwide. Facebook's and Instagram's data, however, is processed on both US and European servers, which is crucial for ad targeting and businesses that operate on those social platforms. A new EU law requires companies that gather user data within the union to keep and process that data on European servers.

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