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The Latest Breaking News from Meta

Microsoft Teams will let you have video meetings as a 3D avatar

Microsoft Mesh avatars are coming to Teams in May, bringing a touch off the metaverse to meetings.

Evening Standard

Zuckerberg’s Meta to lay off another 10,000 employees

Restructuring, as part of the company’s ‘Year of Efficiency’, also sees 5,000 unfulfilled job adverts closed

The Guardian - US

Facebook parent Meta to lay off another 10,000 workers

The company in February posted lower fourth-quarter profit and revenue, hurt by a downturn in the online advertising market and competition from rivals such as TikTok.

Chicago Sun-Times

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Meta to cut 10,000 more jobs, eliminate 5,000 openings

It's the second round of layoffs to hit the tech giant in the past few months.

Axios

Meta to cut another 10,000 jobs as Zuckerberg tells staff: ‘This will be tough and there’s no way around that’

The cuts add to the 11,000 staff that were let go in November last year

Evening Standard

Facebook parent Meta slashes another 10,000 jobs

Facebook’s parent Meta will slash another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs

The Independent UK

Meta Unveils New Round of 10,000 Job Cuts Amid Tech Sector Hiring Slump; Stock Leaps

"We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," said CEO Mark Zuckerberg.

The Street

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Dow Jones Rallies 400 Points After Key Inflation Report; First Republic Rebounds 62% As Bank Fears Ease

The Dow Jones rallied 400 points Tuesday on a key inflation report. First Republic surged 60% on easing banking fears.

Investors Business Daily

Facebook and Instagram NFTs dropped 6 months after U.S. debut as more Meta layoffs loom

The company said it would still support creators who use Instagram and Facebook to amplify their work.

Fortune

Dow Jones Futures: Banking Crisis Escalates Ahead Of CPI Inflation Report; GitLab, Tesla, Schwab In Focus

Dow Jones futures were little changed late Monday, as the banking crisis escalated ahead of the CPI inflation report. Schwab stock plunged on growing liquidity fears.

Investors Business Daily

Ayn Rand Would Hate the New Spotify Video Feed

Turning every streaming service into TikTok is bad for the internet. It'll be disastrous for music.

Reason

The Online News Act could give Google and Meta too much influence over Canadian news organizations

Bill C-18, the Online News Act, could give Google and Meta greater influence over Canadian news media in the form of new agreements between online platforms and news organizations.

The Conversation

Demand for deepfake pornography is exploding. We aren’t ready for this assault on consent

With cheap apps proliferating, how long til our likeness appears in a nonconsensual deepfake porn video?

The Guardian - US

Report: Meta Plans New Job Cuts

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four months…

Asharq Al-Awsat

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Investors Business Daily

Dow Jones Futures Fall; Regulators Protect All SVB Deposits, But Bank Stocks Keep Tumbling

Futures were radically split as financial regulators guaranteed all SVB Financial deposits and offered a backstop for other banks. Signature Bank was closed. But bank stocks kept tumbling.

The Street

Mark Zuckerberg Decides to Face Elon Musk

Meta Platforms, Zuckerberg's social media empire, reportedly plans to launch a network to compete with Tesla CEO's Twitter.

Investors Business Daily

Meta, IBD Stock Of The Day, Aims For 'Year Of Efficiency' In A Tough Time

Meta stock has climbed as the beleaguered social media giant aims to make 2023 a "year of efficiency."

The Street

Millions Will Pay for a Currently Free Service Within a Year, Per Major Bank

Thanks a bunch, Elon.

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The Street

Mark Zuckerberg Secretly Sharpens an anti-Elon Musk Weapon

Meta Platforms, Zuckerberg's social media empire, reportedly plans to launch a network to compete with Tesla CEO's Twitter.

Evening Standard

Microsoft says GPT-4 AI is coming next week with video features

The large-language model could be unveiled at an event on March 16.

Fortune

PayPal mafia veteran Keith Rabois thinks Google hired engineers to do 'fake work'

The PayPal Mafia veteran claimed new hires were given "fake work", adding that mass layoffs seen in the sector are overdue.

Evening Standard

Plans for Instagram’s upcoming Twitter rival leak online

The service looks a lot like Elon Musk’s Twitter — but with one major difference

The Street

Analyst Believes One Tech Stock Could Skyrocket Soon

It's time to invest.

Evening Standard

WhatsApp spam calls could soon be much easier to ignore

Meta is working on a feature which will automatically mute calls from unknown numbers.

Fortune

Facebook parent Meta still pays women in the U.K. and Ireland less than men and gives them much smaller bonuses

For every £1 a male employee earns at Meta U.K., women earn 92p when looking at median hourly pay.

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