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The Latest Breaking News on Tech

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

The Guardian - UK

Battered E-Commerce Stocks Get Off The Mat After Inflation Beatdown

Amazon stock, and other e-commerce companies, staged a hot rally following a closely watched report indicating inflation was easing.

Investors Business Daily

The First Real Cloud Computing Recession Is Here — What It Means For Tech Stocks

Are the best days of cloud computing growth over for Amazon, Microsoft and Google amid rough third-quarter results?

Investors Business Daily

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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

What do nr, sfs, jw, bmt, sta, ml, pu and wyll mean? Snapchat acronyms uncoded

Snapchat users often communicate with an array of acronyms – we explain their meaning here

Manchester Evening News

Australia’s consumer watchdog calls for new laws to stop scams and rein in anti-competitive behaviour online

ACCC report says digital platforms expose users and businesses to ‘harms’ as it pushes for overhaul

The Guardian - AU

Twitter's new subscription service goes live in UK, with users paying £6.99 a month

Twitter Blue gives subscribers a verification tick

Wales Online

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Twitter layoffs: Firm accused of 'actively ignoring Irish labour laws'

The firm has come under fire after employees were locked out of their emails before the collective redundancy process could take place

Dublin Live

Apple Supplier Foxconn Adjusts Production to Avoid Holiday Blues

Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs at a massive iPhone factory in China from impacting holiday orders. Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant,…

Asharq Al-Awsat

Scams already rife after Elon Musk rolls out paid 'Twitter Blue' verification

TWITTER Blue, the social media platform’s subscription service that allows users to buy a verification badge for the first time, has gone live in…

The National (Scotland)

Twitter Blue paid-for verification badges go live in the UK

UK Twitter users on Apple’s iOS can now pay to get a blue verification badge.

The Independent UK

Flap in Hong Kong over UK lawyer

HONG KONG: A Hong Kong court’s decision to allow a senior British lawyer to represent jailed pro-democracy media tycoon Jimmy Lai has sparked a chorus of condemnation from powerful Beijing loyalist voices.

Bangkok Post

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

Microsoft to invest at least $1 billion in North Carolina county

CHARLOTTE, N.C. — Microsoft is investing at least $1 billion in Catawba County by building four data centers there, local officials announced Wednesday.

Tribune News Service

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Tribune News Service

Bay Area job cuts widen, affecting both tech company and airline workers

SAN JOSE, Calif. — Fresh employment cuts loom over the Bay Area’s uneven economy with a loss of hundreds of jobs due to shifting business needs for an airline and retrenchments for some high-profile tech companies.

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.

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

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Daily Mirror

Google Chrome users told to update app amid warnings of bank accounts being drained

The threat, called Cloud9, allows hackers to steal the information available during the browser session. Hackers can also take control of a device remotely and steal passwords as well as credit card data

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

Benzinga

Workforce Down, Stock Price Up: Here's What's Going On With Meta Platforms

Meta Platforms Inc (NASDAQ: META) gapped up about 4% higher on Wednesday and continued to spike intraday, trading up over 6% in the afternoon.

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.

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.

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