Facebook-Owner Meta Launching High-Fashion Clothing Store for Avatars

Facebook-owner Meta Platforms is launching a digital clothes retailer the place customers should buy designer outfits for his or her avatars, Chief Executive Mark Zuckerberg mentioned on Friday.

Initial style manufacturers collaborating within the retailer launch will likely be Balenciaga, Prada, and Thom Browne, however Meta goals to make the shop an open market the place builders can create and promote outfits, mentioned Zuckerberg, talking in an Instagram Live.

Earlier this week, Meta, Alphabet unit Google, Twitter, and Microsoft agreed to take a more durable line in opposition to disinformation below an up to date EU code of apply that would hit them with hefty fines in the event that they fail to take action.

More than 30 signatories together with promoting our bodies have dedicated to the up to date Code of Practice on disinformation, the European Commission mentioned.

The signatories comply with do extra to deal with deep fakes, pretend accounts and political promoting, whereas non-compliance can result in fines as a lot as 6 p.c of an organization’s international turnover, the EU govt mentioned, confirming a Reuters report final week.

The firms, which embody TikTok and Amazon’s reside streaming e-sports platform Twitch, have six months to adjust to their pledges and must current a progress report in the beginning of 2023.

“The new code is a testimony that Europe has learned its lessons and that we are not naive any longer,” Commission Vice-President Vera Jourova informed a information convention.

She mentioned Russia’s invasion of Ukraine, the COVID-19 pandemic and Britain’s withdrawal from the European Union accelerated the EU’s crackdown on pretend information.

Sanctions could together with banning firms from Europe, EU business chief Thierry Breton mentioned.

© Thomson Reuters 2022