Meta Cracks Down on 'Pig Butchering' Crypto Scams, Removes 2M+ Fraudulent Accounts
Meta has taken decisive action against sophisticated cryptocurrency investment scams by removing over 2 million deceptive accounts across its platforms. The company's enhanced security measures target 'pig butchering' schemes originating from Southeast Asia that build trust before defrauding victims.
Supreme Court Greenlights Meta Investor Lawsuit Over Cambridge Analytica Scandal
The U.S. Supreme Court has declined to block a major class action lawsuit against Meta regarding the Cambridge Analytica data privacy breach affecting 87 million users. Investors claim Meta's inadequate disclosure of privacy risks led to significant stock price drops in 2018.
India Fines WhatsApp $25.4M and Restricts Meta Data Sharing Practices
India's data protection authority imposes a hefty fine on WhatsApp and prohibits sharing user data across Meta platforms without explicit consent. The landmark ruling affects over 500 million Indian users and sets a precedent for global tech companies' data practices.