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Meta, Amazon beat expectations with stellar results

Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street.

Meta, the tech titan behind Facebook and Instagram, reported a profit of $14 billion in the final three months of last year, beating analyst forecasts as revenue climbed to $40.1 billion in the quarter.

Turkish competition watchdog imposes daily fine of $160,000 on Meta

Türkiye's competition board has declared that it started to fine Facebook-parent company Meta Platforms 4.8 million Turkish Liras ($160,000) per day over failure to fulfill its obligations on data collection from users.

In 2021, the Competition Authority initiated a probe in response to the software update imposed by WhatsApp on its users, mandating data sharing.

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