Meta (Facebook) Sacks 11,000 Employees

As a ‘last resort’ option, Meta CEO Mark Zuckerberg has announced that his company will be slashing 11,000 employees from its workforce. That’s 13% of the company. In a blog post shared with employees...

Mark Zuckerberg Led Meta (Facebook) Lays Off 11,000 Employees

Following Twitter’s big layoffs, Meta has done the same. Mark Zuckerberg has issued an apology to anyone who has been impacted. It has just come to light that 11,000 people, or around 13% of Meta’s st...

Meta Confirms Layoffs—11,000 Jobs Cut At Facebook’s Parent Company

Topline Meta, the parent company of Facebook, WhatsApp and Instagram, confirmed plans to lay off thousands of workers on Wednesday, the latest tech giant to trim headcount amid gloomy economic forecas...

China’s Cash Drives America Towards Electrification

This week Foxconn, a Taiwanese company under the influence of China, injected another $170 million in Lordstown Motors, the Ohio electric truck company. This follows Foxconn’s purchase of Lordstown’s ...

Meta’s Zuckerberg blames himself for company’s missteps, initiates layoffs: WSJ

Beleaguered Meta CEO Mark Zuckerberg told hundreds of executives that plans to lay off employees would begin tomorrow, according to The Wall Street Journal, which cited people familiar with the matter...

Twitter’s global market share grows by 55% in 2022 while Facebook loses 12%

Twitter (NYSE: TWTR) and Facebook (NASDAQ: FB) rank as the pioneer social media platforms accounting for billions of users globally, with the two companies competing to be the ultimate leader in the s...

Facebook Parent Meta Gears for Mass Layoffs Amidst Revenue Drop: WSJ

After Twitter’s mass layoffs caused a stir in the tech world, Meta appears to be following suit. According to a Wall Street Journal report, the owner of Facebook and Instagram will begin trimming staf...

Meta prepares to layoff thousands of employees this week: WSJ

Meta intends to cut thousands of employees in the second week of November, the Wall Street Journal reported, citing people familiar with the matter. With over 87,000 employees at Meta, the layof...

Why is MATIC up 20%? It might have to do with Facebook…

MATIC prices didn’t do anything spectacular when the crypto market moved higher last week. However, its prices today soared by more than 20% and broke the $1 price mark. In a previous article, we did ...

SOL Price Rebounds 4% — Instagram, Facebook NFT Wallet Support Revealed

Social media platforms Instagram and Facebook have announced support for native Solana wallets. The move expands nonfungible token (NFT) compatibility across the networks. This caused the SOL price to...

TikTok’s Growth As A News Source Raises Concerns About Their Content

TikTok has become a popular news source with young adults. They have not been stopping … [+] disinformation about the midterm election. (Photo by LOIC VENANCE / AFP) (Photo by LOIC VENANCE/AFP v...

Facebook became Meta one year ago: Here’s what it’s achieved

It’s been just over a year since social media giant Facebook rebranded as Meta at the Facebook Connect conference on Oct. 28, 2021. The name change reflected the company’s growing ambitions to transce...

Health Misinformation Is A Pandemic, and Social Media Is Desperately Trying To Navigate it

Easy access to information and the internet has created a significant impact in society. From increasing overall cultural and news literacy to empowering people to stay connected, the rapid informatio...

Facebook Offers to Discuss With Elon Musk on Twitter Moderation

Hours after Elon Musk broke the news of setting up a “Content Moderation Council” for Twitter, Meta Platform’s (Facebook) independent Oversight Board released a statement saying they would “welcome th...

Paul Pelosi’s Alleged Attacker’s Facebook Page Filled With 2020 Election Conspiracies, Reports Say

Topline The man who allegedly attacked House Speaker Nancy Pelosi’s husband, Paul Pelosi, posted on Facebook about conspiracies related to the 2020 election and Covid-19 pandemic, according to reports...

Dow Jones Rallies; Twitter Gains As Elon Musk Makes This Pledge; Facebook Stock Craters

The Dow Jones Industrial Average rallied in a mixed session that saw the Nasdaq lose again. Twitter (TWTR) gained after Tesla (TSLA) CEO Elon Musk issued a takeover pledge. Facebook parent Meta Platfo...

Meta Drops Out of Top 20 Most Valuable Companies amid Sustained Facebook Slip Up

The dwindling fortunes of Facebook has seen parent company Meta lose its position as one of the US top 20 companies ranked by market cap. Although Facebook was once one of the five most valuable US co...

What Meta’s Disappointing Earnings Mean For Tech Investors

Getty Images Key takeaways On Wednesday, Facebook parent company Meta reported disappointing quarterly earnings and forecast higher expenses through 2023 Meta stock plunged Thursday, shedding almost 2...

TikTok And Tano Goya Driving Full Wedge Golf’s Growth

Tano Goya of Argentina hands a club to his caddie as he walks up the first hole during the final … [+] round of the Korn Ferry Tour Championship presented by United Leasing & Finance at Vict...

Mad Money’s Jim Cramer Apologizes for Being Wrong About Facebook Parent Meta After Stock Plunges – Featured Bitcoin News

The host of Mad Money, Jim Cramer, has apologized to investors for being wrong about Facebook parent Meta Platforms after its stock plunged to a record low. “I made a mistake here. I was wrong,” he sa...

Court Orders Meta (Facebook) To Pay Fine of $24.66M

The social media giant must pay $24,660,000 to settle 822 breaches. Meta has consistently raised objections to the regulations. Lately, the technology conglomerate Meta has become a hot topic of conve...

Metaverse Punt Not Paying Off for Business Formerly Known as Facebook

Meta Platforms’ latest earning report shows that the company’s bet on the metaverse has yet to pay off. The fundamentals of Meta’s third quarter earnings report do not inspire confidence in the compan...

Meta Shares Plummet 20% In Pre-Market After Q3 Revenue Decline

Topline Shares of Facebook’s parent firm Meta were down nearly 20% in pre-market trading, continuing a slide Thursday after the company’s third quarter earnings released a day earlier fell short of ex...

Opinion: Facebook and Google grew into tech titans by ignoring Wall Street. Now it could lead to their downfall

Alphabet Inc. and Meta Platforms Inc. became two of the most valuable companies in the world by largely ignoring Wall Street and its concerns about their spending and big-money acquisitions. Now, in t...

Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023

For the company as a whole, Meta reported adjusted quarterly earnings per share for the third quarter of $1.64, missing the analyst consensus estimate of $1.90, according to FactSet, while Meta’...

Facebook earnings cut in half, Meta stock sinks toward lowest prices in more than 6 years

Facebook parent Meta Platforms Inc. on Wednesday became the latest tech titan tattooed by a precipitous drop in digital advertising, reporting less than half the profit it had in the same quarter a ye...

Meta Stock Crash Steepens As Facebook Parent Grapples With Recession Fears

Topline Facebook parent Meta Platforms reported earnings Wednesday that fell short of expectations, pummeling the company’s stock in after hours trading as the social media giant with metaverse ...

Why web3 social could be bigger than Facebook

Season 6, Episode 18 of the Mint Podcast with Adam Levy features Stani Kulechov. He is the founder of Aave: one of crypto’s largest decentralized non-custodial liquidity protocols, and Lens Protocol: ...

Karate Combat Breaks Into Tubular Lab’s Top 25 Leaderboard for US Sports Facebook Creators

Premiere Striking League Also Entered Tubular Lab’s Global Top 50 Leaderboard For Media And Entertainment Facebook Sports Creators Karate Combat’s Audience and Viewership Continues To Set Records Lead...

‘Mass layoffs’ of Meta bus drivers lead to pleas for Facebook to bring workers back to the office

Protesters on Thursday urged Meta Platforms Inc. to call its Silicon Valley-based engineers and other employees back to the office, after Facebook’s parent company continued to dismiss service workers...

Netflix and Facebook stock: Q3 performance

This article will analyze the quarterly performance of Netflix and Facebook stocks. Q3 of 2022 of Netflix and Meta (Facebook) stocks Netflix stock Netflix‘s Q3 wakes up analysts from a fearful sentime...

Meta (Facebook) Asked To Sell GIPHY by UK Competition Authority

9 hours ago | 2 mins read Editors News The authorities have never before stopped a deal of this magnitude. Meta appreciates the help of the GIPHY team during this pivotal time. The UK competition auth...