Meta Platforms Inc META.O said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest layoffs this year as the Facebook parent battles soaring costs and a weak advertising market.

Smart algorithms can bundle and evaluate information at lightning speed, which helps determine what content is shown to users. This benefits apps like Shein and TikTok enormously.

Digital Marketing expert, Bukola Akingbade speaks on why the Nigerian government, through the Advertising Regulatory Council of Nigeria (ARCON) sued Meta Platforms Incorporated (owners of Facebook, Instagram, and WhatsApp platforms) and its agent AT3 Resources Limited at the Federal High Court, Abuja Judicial Division demanding over N30billion for alleged breach of advertisement regulations.

Amnesty International accuses Facebook of exacerbating human rights violations in Myanmar. It claims the social network proactively "amplified" anti-Rohingya content back in 2017, when the country's military launched a deadly crackdown on the ethnic minority.

Meta, which owns Facebook, Instagram and WhatsApp, among others, is facing several economic constraints. Mark Zuckerberg said he will "get more done with fewer resources."

Sandberg helped transform the company into an over $100-billion-a-year powerhouse. She will continue to serve on the board of directors.

The European Union agreed on new regulations that require social media companies and online marketplaces to remove illegal content. Advertisement targeting minors will also be banned.

Facebook and Instagram's parent company, Meta, has been designated as an "extremist" organization by a Russian court. But Meta's WhatsApp is excluded from the ban.

Find these stories and much more when you grab a copy of The Guardian on Wednesday.⁣

For the first time since inception in 2004, Facebook lost about 5 lakh users on a daily basis during Oct-Dec 2021. That saw the shares of its parent company, Meta, plunge 20 percent on the exchanges, wiping off $200 bn in market capitalisation.

Digital sovereignty is a key idea in the internet age — the idea that parties must have sovereignty over their own digital data. This can be applied on an individual basis or toward nations — the bottom line is that digital sovereignty involves consideration of how data and digital assets are treated.

Many Facebook groups based in Mali and Nigeria began sharing a video of a helicopter on December 9, claiming it showed an aircraft delivering weapons to terrorists. In Mali, the posts often accused the French government of operating the helicopter, while posts coming from Nigeria laid the blame on the Nigerian government. In reality, the video is from neither one of these countries – it was filmed in the Central African Republic during a routine supply drop.