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CNN Business — Facebook parent company Meta announced Tuesday it had detected and shut down two separate networks of fake accounts engaged in covert influence operations run from China and Russia.

A sprawling disinformation network originating in Russia sought to use hundreds of fake social media accounts and dozens of sham news websites to spread the Kremlin’s talking points about the invasion of Ukraine, Facebook parent company Meta said Tuesday. The company, which also owns Instagram, said it identified and disabled the operation before it was able to gain a large audience. Nonetheless, Facebook said it was the largest and most complex Russian propaganda effort that it has found since the invasion began. The operation involved more than 60 websites created to mimic legitimate news sites including the Guardian newspaper in...

At first glance, the narrative for Meta Platforms (NASDAQ:META) appears overwhelmingly negative. Just from a brief peek at its price chart, investors recognize that META stock hemorrhaged more than half of its market value. With even CEO Mark Zuckerberg sounding the alarm about broader economic conditions, I am cautiously bullish on META. As mentioned above, market participants with a dim view of META stock have plenty of reasons for their pessimism. Broadly speaking, soaring inflation devastated consumer sentiment in the first half of this year, which saw the dollar’s purchasing power diminish by 5.3%. Now, with the Federal Reserve making...

Meta Platforms which owns Facebook, Instagram, and WhatsApp, is seeing its stock go into freefall. The shares were more than 22% in lower in premarket trading Thursday. If the shares finish more than 18.96% lower in regular trading in the day ahead, it will be the worst one-day plunge for the stock in the company’s history. While sales came in ahead of estimates, earnings were weaker than expected and the group’s guidance was truly dismal: Revenue is expected to come in between $27 billion and $29 billion in the current quarter. Representing comparatively anemic annual growth of 3% to 11%,...