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Tech group reveals it put $19.9bn into its Reality Labs division, which develops its smart glasses and headsets, last year

US state of New Mexico targets Instagram and Facebook parent amid growing concern about safety of younger users

Facebook and Instagram’s parent company earnings show strength in core advertising business

Billionaire founder of social media group seeking to work more closely with Trump administration

Facebook owner’s move to loosen policing of online content has raised fears over a surge in misinformation

Independent body searches for ways to hold social media group to account over content moderation and hate speech changes

Also in today’s newsletter, Exxon’s foray into lithium and a Russian oil scoop

The UK lender has rejected an offer from Shawbrook and seeks to raise as much as £600mn

Group made proposal after bank suffered setback in effort to secure regulatory relief on mortgage business

UK challenger bank in talks with investors over raising £600mn