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The Latest Breaking News from Mark Zuckerberg

'Allow people to leave the company with dignity': How Airbnb CEO's job cuts stand in stark contrast to Meta and Twitter

As tech layoffs continue, companies might learn some lessons from Airbnb—one of the first to cut jobs in the pandemic era.

Fortune

Meta Confronts an Apple-Sized Hole in Its Once-Mighty Advertising Business

The social media company must deal with a range of headwinds, but a year later, the hit to its ad targeting capabilities has been particularly painful.

Businessweek

Tech’s tectonic plates are shifting — will Twitter, Meta and the other giants survive?

Amid job losses and tumbling share prices, all the platforms once thought too big to fail are now fighting to stay relevant. From Twitter to Meta, change is afoot, says John Arlidge

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

It's the end of the boom times in tech, as layoffs keep mounting

Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.

WEKU

Billionaires gone wild: Musk, Zuckerberg slash jobs, roll dice with future of Bay Area tech icons

As Elon Musk and Mark Zuckerberg lay off thousands of workers in pursuit of their personal visions for the future of the internet, the fate of Twitter and Facebook rests in the hands of these two billionaires, experts say — and the outcome for the two iconic Bay Area technology…

Tribune News Service

How To Lose $16 Billion In 3 Days: How Sam Bankman-Fried’s Wealth Disappeared

Several days ago, FTX co-founder Sam Bankman Fried saw his wealth plummet by over 90% to a value of $1 billion. Here's how!

Zenger

Bulls And Bears Of The Week: Why Coinbase And FTX Are So Different, Diving Into Zuckerberg's Metaverse And More

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Benzinga

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How To Lose $16 Billion In 3 Days: How Sam Bankman-Fried's Wealth Disappeared

Several days ago, FTX co-founder Sam Bankman Fried saw his wealth plummet by over 90% to a value of $1 billion.

Benzinga

Zuckerberg Will Continue To Pour Money Into The Metaverse — But Where's The 'Magic' In The Company's Metaverse Products Today?

Meta Platforms (NASDAQ: META) has seen better days.

Benzinga

What is Meta as Facebook and Instagram owner slashes thousands of jobs

The tech giant will cut 13 per cent of its entire workforce as part of the cuts - this comes as part of a major restructuring of the entire company Meta, parent of Facebook.

Glasgow Live

Man creeped out by Facebook 'spying on him' as he gets ads for items he's chatted about

One man had a late-evening phone conversation with a relative about a random topic and the next morning he saw an advert in his Facebook connected to his private chat

Daily Mirror

Mark Zuckerberg can sack 11,000 workers but shareholders can't dump him: it's called 'management entrenchment'

“I want to take accountability for these decisions and for how we got here,” tech billionaire Mark Zuckerberg told the 11,000 staff he sacked this week.

The Conversation

Thursday briefing: Mark Zuckerberg’s Meta cuts 11,000 jobs – is the Facebook founder’s empire falling?

In today’s newsletter: The social media titan is having its first major wave of layoffs since it began in 2004 – and it’s not the only tech company facing problems.

The Guardian - UK

Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first major round of layoffs in the social media giant’s history.

Tribune News Service

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Fortune

Elon Musk could learn from Mark Zuckerberg when it comes to layoffs

The CEOs of Meta and Twitter took a different approach to firing thousands of employees in the last week.

Benzinga

Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

The Guardian - UK

Meta mass sackings show Mark Zuckerberg is rattled

Investors only have themselves to blame for not insisting on equal voting rights to rein in tech pioneer

The Guardian - UK

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

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news in one place.

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Tribune News Service

Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history.

Fortune

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Investors Business Daily

In An Emotional Letter, Zuckerberg Details Reason For Mass Meta Layoffs

Meta stock climbed as Chief Executive Mark Zuckerberg announced plans to slash about 11,000 jobs, or 13% of its workforce.

Evening Standard

Tech & Science Daily podcast: Zuckerberg fires 11,000 Meta employees

Plus, the crypto market is rocked

Benzinga

Mark Zuckerberg Takes Blame As Meta Lays Off 13% Of Workforce, Elon Musk's Tesla Stock Sale May Not Sit Well With Investors, Netflix Eyes Sports Leagues: Top Stories Wednesday, Nov. 09

Benzinga

Investors Business Daily

Elon Musk Would Have This Much Cash If He Sold All His Tesla Stock

Elon Musk's $48 billion buyout of Twitter definitely shook up the S&P 500. But it's important to note it's a drop in the bucket.

Manchester Evening News

Facebook and Instagram owner Meta makes major staff cuts letting 11,000 workers go

Facebook founder Mark Zuckerberg told staff: “I got this wrong and I take responsibility for that.”

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People

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