CEO Mark Zuckerberg, the owner of Facebook, is launching a digital clothing store where users can buy designer outfits for their avatars, CEO Mark Zuckerberg said today Friday.
The first fashion brands to participate in the store launch will be Balenciaga, Prada and Thom Browne, but Meta aims to make the store an open marketplace where developers can create and sell apparel, said Zuckerbergsay in one Instagram Direct.
Earlier this weekMeta, Alphabetical Unit Google, Twitterand Microsoft agreed to take a tougher line on misinformation under an updated EU code of practice that could subject them to heavy fines if they fail to do so.
More than 30 signatories including advertising agencies have committed to an updated Code of Practice on misinformation, the European Commission said.
The signatories agree to do more to tackle deep-rooted spoofs, fake accounts and political advertising, while failure to comply could lead to sums of money, the EU executive said. fines up to 6% of a company’s global turnover, an EU executive said, confirming a Reuters report last week.
Companies, including TikTok and Amazon’s e-sports live streaming platform Twitchhave six months to comply with their commitments and will have to present a progress report in early 2023.
“The new Code is proof that Europe has learned its lesson and we are no longer naive,” Commission Vice-President Vera Jourova told a news conference.
She said that the Russian invasion of Ukraine, COVID-19 The pandemic and the UK’s withdrawal from the European Union has accelerated the EU’s crackdown on fake news.
EU industry director Thierry Breton said sanctions could include banning companies from Europe.
© Thomson Reuters 2022
