News & Events:FB

* Futures up: Dow 1.11%, S&P 1.21%, Nasdaq 1.05% Wall Street futures rose on Monday, helped by a bounce in growth stocks and banks, after the benchmark S&P 500 hovered near a grim market milestone at the end of last week.

- New York State Comptroller Thomas DiNapoli is calling for votes against directors at Twitter Inc (TWTR) and at Facebook parent Meta Platforms Inc (FB) at their upcoming annual meetings, saying both companies failed to enforce their standards against harmful content including from a mass shooting in Buffalo, N.Y. on May 14.

New York State Comptroller Thomas DiNapoli is calling for votes against directors at Twitter Inc (TWTR) and at Facebook parent Meta Platforms Inc (FB) at their upcoming annual meetings, saying both companies failed to enforce their standards against harmful content including from a mass shooting in Buffalo, N.Y. on May 14.

Meta Platforms Inc messaging application WhatsApp is set to drop support for Apple Inc iPhones running iOS10 and iOS 11. What Happened: WhatsApp is planning to drop support for devices running iOS10 and iOS11, which means iPhone 5 and iPhone 5C models, which cannot be updated beyond these versions will be left out in the cold. WhatsApp will drop the support for iOS 10 and iOS 11!

Apple, Inc. , which credits itself for upholding the highest privacy standards with its devices, has released yet another commercial centered on the hot-button issue. What Happened:  The 94-second ad "Privacy on iPhone" depicts an auctioneer hawking the privacy data of a user, including her emails, drugstore purchases, location data, contacts, and browsing data.

What happened: Virtual land tokenized as an NFT just sold for $10,373, which is 2.43x the current floor price of 2.17486825 Ethereum. Ethereum's blockchain is home to open world metaverses, with the 2 largest being Decentraland and The Sandbox. The term metaverse is used to describe the evolution of human's interaction with the internet.

What happened: Virtual land tokenized as an NFT just sold for $3,883, which is 1.11x the current floor price of 1.795 Ether. Ethereum's blockchain is home to open world metaverses, with the 2 largest being Decentraland and The Sandbox. The term metaverse is used to describe the evolution of human's interaction with the internet.

What happened: Virtual land tokenized as an NFT just sold for $14,874, which is 4.27x the current floor price of 1.795 Ether. Ethereum's blockchain is home to open world metaverses, with the 2 largest being Decentraland and The Sandbox. The term metaverse is used to describe the evolution of human's interaction with the internet.

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Media Finds Facebook Monetizing Searches For Buffalo Shooting Video With Ads

This US Ruling Could Force Google To Break Up Its Ad Business

* Applied Materials (AMAT) falls as supply chain snarls cloud outlook. * Ross Stores (ROST) plunges after cutting 2022 forecast. * Futures up: Dow 0.87%, S&P 1.12%, Nasdaq 1.50% By Amruta Khandekar and Devik Jain.

Reuters Your Gaming Options Are Set To Explode -- Thanks To TikTok Harley-Davidson Suspends Motorcycle Production, Shipping For Two Weeks Danone Scales Up Baby Formula Shipments To US To Combat Shortage Canada Joins Five Eyes Allies, Bans Huawei/ZTE 5G Equipment: Reuters Crown-Blackstone Deal's Prospect Hangs Subject To Regulatory Approval Wall Street Journal Boeing's Starliner Spacecraft Rocke...

U.S. streaming service Netflix (NFLX) has agreed to settle a tax dispute with Italy, the company and legal sources said on Friday. Milan prosecutors issued a statement saying they had settled with a multinational video on-demand streaming company for a period covering Oct. 2015 to 2019 and asked it to pay 55.8 million euros.

* Futures up: Dow 0.77%, S&P 0.96%, Nasdaq 1.31% U.S. stock index futures gained on Friday, with banks and megacap growth shares rising on the last day of a week that saw market volatility on concerns about the impact of higher inflation and subsequent rate hikes to tame it.

ByteDance-owned TikTok is testing games on its short-form video platform through a tie-up with Zynga Inc  as it plans to foray into new waters, Reuters reported on Friday. What Happened: TikTok is planning to make gaming more widely available in Southeast Asia as early as the third quarter, people familiar with the matter told Reuters.

The following are the top stories on the New York Times business pages. - Twitter Inc (TWTR) said it was adding new policies aimed at combating misinformation about the war in Ukraine and other crises like natural disasters, an expansion of its rules against misleading content. https://nyti.ms/3sLOvk4.

One of the major indices, the S&P 500, is down more than 2% for the week. Despite consumer demand being high and companies getting away with passing off higher production costs via higher prices, the S&P 500 is sliding into bear market territory amid fears the Fed will hike interest rates at a rate that will send the U.S. into a recession.

Here's Why US Is Probing Deutsche Bank, Other Banks

WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta Platforms CEO Mark Zuckerberg announced at the company's messaging event on Thursday. The messaging service, which has increasingly courted business users, is one of several platforms where Facebook-owner Meta has launched more shopping and business-focused features.