Monday, June 19, 2023

Meta faces pressure from UK MPs consumer groups and banks over its failure to prevent fraud on its platforms estimated to cost UK households £250M in 2023 (The Guardian)

The Guardian:
Meta faces pressure from UK MPs, consumer groups, and banks over its failure to prevent fraud on its platforms, estimated to cost UK households £250M in 2023  —  Exclusive: Calls for Meta to curb rise in scams on its platforms, which will cost UK households £250m this year



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...