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Trends
- 1Saudi Central Bank Raises Stake in Meta Platforms●Meta Platforms, Inc. $META Stock Holdings Raised by Saudi Central Bank
The Saudi Central Bank has increased its shareholding in Meta Platforms, according to a regulatory filing report. The move means the institution, which oversees Saudi Arabia's financial system, now holds a larger position in the parent company of Facebook, Instagram and WhatsApp. Market watchers flagged the disclosure as notable given Meta's recent stock performance and growing interest from sovereign-linked investors in major US technology firms.
- 2Amazon's Ring aims to replace neighbourhood WhatsApp groups●Amazon’s Ring wants to replace local WhatsApp groups. It’s a recipe for curtain-twitching disaster
Amazon's Ring is moving to position its app and devices as a replacement for local WhatsApp community groups, prompting criticism from commentators. A Guardian column argues the shift would encourage suspicion of neighbours and excessive surveillance culture, describing the prospect as a 'curtain-twitching disaster' for community life.