Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News on Facebook issues more tough-luck news to workers

Meta Employees Undermine Zuckerberg’s Metaverse Strategy

Meta employees are expressing discontent with Mark Zuckerberg and his metaverse strategy on anonymous jobs forums such as Blind.

Zenger

From Twitter chaos to TikTok bans to the metaverse, social media had a rocky 2022

From Facebook's troubled pivot to the metaverse to Twitter's management chaos to industry-wide layoffs, social media companies have had a rocky 2022

WEKU

Tech titan John Carmack leaves Meta as doubts swirl about Mark Zuckerberg’s metaverse push

Comments like "we constantly self-sabotage and squander effort" in his exit letter will do little to reassure nervous Meta investors.

Fortune

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

Facebook-Parent Meta, Hit By Hard Times In 2022, May Be Overcoming Obstacles

Meta stock jumped as it received a positive review and an upgrade by a prominent Wall Street analyst Friday, citing improved fundamentals.

Investors Business Daily

Meta Stock Leaps As JPMorgan Lifts Rating To 'Overweight', Boosts Prices Target

Meta may be slowly winning back Wall Street's confidence as it looks to keep costs from spiraling amid a slow-down in ad spending and deeper losses in its metaverse project.

The Street

Five Great Reads: Facebook’s virtual insanity, looking back on Qatar, and an awkward breakup

Guardian Australia’s weekend wrap of essential reads from the past seven days, selected by Kris Swales

The Guardian - AU

Mark Zuckerberg's Metaverse Plans Run Into a Big Roadblock

The FTC is throwing a monkey wrench into Meta Platforms' attempt to make a key acquisition.

The Street

Read news from The Economist, FT, and more,
with one subscription

‘The metaverse will be our slow death!’ Is Facebook losing its $100bn gamble on virtual reality?

The company now known as Meta has spent staggering amounts on creating an immersive successor to the traditional 2D internet. But what has it got to show for it, apart from 11,000 job losses?

The Guardian - UK

Meta Stock Tumbles On Report EU Flagging Concern Over Targeted Ad Sales

The Wall Street Journal reported Tuesday that a panel advising the European Data Protection Board has raised concerns over Meta's targeted ad sales.

The Street

Zuckerberg skeptical of skeptics, $1 billion in NFT creator royalties, and real-life metaverse clothing from Forever 21

Meta founder Mark Zuckerberg said he doesn't care what people say about his metaverse, plus news on OpenSea's $1 billion creator royalty program and real-life metaverse clothing.

Fortune

Meta Fined $275 Million in Irish Data Leak Case

Irish data regulators have fined Facebook's parent company a total of nearly $1 billion related to data breaches.

The Street

Meta pushes back on ‘false’ report that Zuckerberg is planning to step down as CEO

The Leak, citing an anonymous source, claimed that Zuckerberg would depart in 2023 because of the company’s recent losses.

Fortune

Airbnb's CEO has a new way of describing the current state of the tech industry. And it's a twist of Warren Buffett's 'swimming naked'

“It’s like we’re all in a nightclub and the lights just came on,” Chesky said.

Fortune

Shell-shocked Meta employees say the massive layoffs are a 'shit show' after years of overhiring

Meta critics blame Mark Zuckerberg for reckless growth and overhiring, leading to 11,000 laid-off workers at the company. Zuckerberg agrees.

Fortune

Get all your
news in one place.

100’s of premium titles.
One news app.

The Guardian - UK

The Guardian view on big tech: pop! goes the bubble

Editorial: The behemoths of Silicon Valley face some serious shrinkage and a reckoning with the societies they work in

Glasgow Live

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.

The Conversation

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 Guardian - UK

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.

Get all your
news in one place.

100’s of premium titles.
One news app.

Crikey

Mark Zuckerberg’s Meta layoffs are the cost of his big metaverse gamble

The company founder said he takes responsibility for the decision to lay off 11,000 staff. That’s not much of a concession.

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, calling himself responsible for the first major round of layoffs in the social media giant’s history.

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

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.

The Street

Meta Offers Generous Severance Package

Meta Platforms, the owner of Facebook, Instagram, and WhatsApp, cut 13% of its staff.

1 … 3 4 5 6

People

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

Organisations