Italy's data protection agency has fined Meta Platforms €805 million ($887 million) for accessing photos and videos on Android devices without proper consent or notice. The agency says a Facebook app feature suggesting content from users' personal galleries gave Meta that access. The fine equals about 0.47 percent of the company's global revenue. The probe began in 2025 and did not examine use of the content to train AI models, which Meta has denied. Meta must disable the feature by default within 60 days and obtain separate consent from users.
Meta Platforms
4 stories since 28 October 2026, newest first
14 November 2026
9 November 2026
US stocks fell sharply on Thursday 5 Nov, led by companies tied to building AI data centres. The S&P 500 dropped 4.4 percent, its worst day since April 2025, and the Nasdaq composite fell 5.5 percent. Nvidia shares fell 9.3 percent and South Korea's Kospi index dropped 5.3 percent. Investors feared that Democrats, who won control of Congress in the 2026 midterm elections, would tighten AI rules and slow data centre construction. US President Donald Trump blamed the Democratic victory for the sell-off. On 6 Nov, the IMF's managing director said central banks would need to weigh any slowdown in AI-driven growth.
4 November 2026
Apple expects its gross margin to land between 45% and 46% for the December quarter, below the 46.3% average analyst estimate, and its shares fell about 2% on Tuesday after the forecast. The company, through CFO Kevan Parekh, attributes the squeeze to higher memory costs and spending tied to the ramp of Siri AI. Gross margin was 50.1% in the June quarter and 47.9% in the September quarter. Analysts had expected revenue to rise nearly 11% to $113.39 billion for the quarter, with net profit up about 6% to $29.04 billion, according to LSEG estimates reported by Reuters. The first-quarter earnings call is scheduled for Monday evening in Europe.
28 October 2026
Jio Platforms shares closed about 27 per cent higher at 1,417.50 rupees on their first day of trading in Mumbai on 28 Oct, according to Bloomberg. The listing followed an initial public offering that raised 302 billion rupees, or about 3.2 billion dollars, the largest IPO in India's history. The issue was subscribed about 22 times, with qualified institutional buyers taking up their portion roughly 70 times over. The company's market value reached about 12.5 trillion rupees, making it India's second most valuable listed company after Reliance Industries, which owns more than 66 percent of Jio.