Meta

The Stack: Olso Quashes Meta Injunction Request; AI21 Labs Secures $155m in Funding

This week: Meta prohibited from unconsented ad targeting, AI21 Labs cinches USD$155m (~£122m) in funding...

In a win for fair ad targeting, the Oslo District Court dismissed Meta's plea for an injunction against an ad targeting ban imposed by Norway's data protection authority, Datatilsynet. More bad news for the Facebook-parent came when it was named as a 'gatekeeper' in an update to the EU Commission's Digital Markets Act. Alphabet, Amazon, Apple, ByteDance and Microsoft were also listed as targets of the new legislation.

In AI, Israel's AI21 Labs secured $155m (~122m) in funding, with investments from Google, Nvidia, and Samsung Next. And, in streaming, senior staff at YouTube have expressed their concerns YouTube Shorts could cannibalise the site's core business.

Find teasers, podcasts and more in The Stack

The Stack brings all the news, latest events, and much more to your inbox every Friday. For for our weekly podcast, long reads, opinion, and industry insight, plus a weekly dose of tech trivia, subscribe via the button below.

Hannah Dillon

Hannah joined ExchangeWire as staff writer in 2022, having previously worked in marketing, communications, and social media. Hannah graduated from the University of Manchester with a BA in Drama and English Literature.

Recent Posts

LightBoxTV & Vevo Partner to Deliver Broadcast-Standard TV Planning Across YouTube

LightBoxTV, the platform redefining TV campaign workflows, has partnered with Vevo, the world’s leading music…

9 months ago

Digest: Google Pays $1.4bn in Texas Privacy Lawsuits Settlement; UK Creatives Urge Starmer to Reconsider AI Copyright Reform

In today’s Digest, Google agrees to a $1.4bn settlement in Texas over privacy lawsuits, UK…

9 months ago

Picnic Study Reveals FoxyBingo Achieved 7x More Site Lands with Quality Ad Placements

A new study conducted by Picnic in partnership with media agency the7Stars has revealed that…

9 months ago

Adform Campaign Planner Launch Generates Significant Online Engagement

Adform, the most powerful and safe media buying platform built for game changers, celebrates today…

9 months ago

Opti Digital Unveils New Brand Identity Reflecting Strategic Growth

Opti Digital, a premium ad revenue platform, unveils a new brand identity that embodies its…

9 months ago

Digest: Ireland pushes for Big Tech to Vet Financial Ads; Warner Bros. Discovery Considers Split as Financial Loss Continues

In today’s Digest, Ireland pushes for Big Tech to vet financial ads, Warner Bros. Discovery…

9 months ago