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Metacapital Management v. Meta Platforms Inc. May 10, 2024, it was announced that Mata Capital Management and Meta Platforms had resolved the trademark issue and agreed to a settlement in principle. Metacapital Management has been using the name since 2001 and Meta Platforms was the new rebranded name from Facebook in 2021. [141]
Meta Platforms, Inc., [10] doing business as Meta, [11] and formerly named Facebook, Inc., and TheFacebook, Inc., [12] [13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [14]
Meta Platforms and Chief Executive Mark Zuckerberg won the dismissal of a lawsuit claiming they misled shareholders in Meta's proxy statement about their ability to ensure the safety of children ...
Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held by rival Friendster. The majority of the companies acquired by Meta are based in the United States, and in turn, a large percentage of these companies are based in or around the San Francisco Bay Area .
Meta Platforms won the dismissal of a lawsuit claiming it defrauded shareholders by concealing how changes to Apple's privacy settings would make Facebook and Instagram less desirable for advertisers.
Meta’s chief financial officer, Susan Li, informed investors that roughly 10% of the global ad revenue came from ads that were delivered to platform users in the European Union.
Facebook, Inc.) is an ongoing antitrust court case brought by the Federal Trade Commission (FTC) against Facebook parent company Meta Platforms. The lawsuit alleges that Meta has accumulated monopoly power via anti-competitive mergers, with the suit centering on the acquisitions of Instagram and WhatsApp. [1]
The case is DZ Reserve et al v Meta Platforms Inc, 9th U.S. Circuit Court of Appeals, No. 22-15916. (Reporting by Jonathan Stempel in New York; Editing by David Evans and Bill Berkrot)