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The Latest Breaking News from Mark Zuckerberg

AI will take over Facebook and Instagram if Mark Zuckerberg gets his way

Meta and Mark Zuckerberg are ready to flood Facebook and Instagram with AI bots whether you want them to or not.

TechRadar

Mark Zuckerberg says 'A.I. agents" are coming

In Meta's Q1 earnings call, CEO Mark Zuckerberg fights back against claims the company is abandoning the metaverse.

Fortune

Meta's 'Year of Efficiency' is already starting to pay off

Meta reported its Q1 2023 financial earnings for the January-March period. The company saw more than $28 billion in revenue, following major layoffs and restructuring.

Android Central

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Meta reports surprisingly strong quarter one earnings after restructuring hiccups

The company posted $28.10bn in revenue and appears to be shifting focus away from the metaverse to artificial intelligence

The Guardian - US

Meta's Nick Clegg: No 'level playing field' between Facebook, TikTok

"Companies like Meta are not able to operate our social media services in China,” said the Meta executive in an interview aired Tuesday.

Fortune

Mark Zuckerberg has spent billions on A.I. but one of his top execs said Meta is still a laggard and 'we need to invest heavily'

A top Meta executive wrote in a memo that there was a need for a "fundamental shift" in the company's infrastructure.

Fortune

Sorry, VR Legs Are Not Important

VR headsets can simulate head, arm, and hand movements, while completely neglecting our legs. Do we need them? And is movement the most crucial part of VR?

Inverse

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The Death of BuzzFeed News Was a Facebook Murder-Suicide

Online media companies got exactly what they said they wanted.

Reason

$725 Million Facebook Settlement Payments Have Finally Begun: Are You Getting a Check?

You may be owed money from Meta as part of a Facebook settlement stemming from the 2016 election. Here's what you should know.

Kiplinger

Meta employee accuses Mark Zuckerberg of shattering the 'morale and confidence in leadership of many high performers'

Meta’s first set of layoffs came in November 2022. After this week’s cuts, employees took to internal channels to point out the impact on morale.

Fortune

Meta to scrap hundreds of jobs in London in fresh cost-cutting measures

Meta is to cut hundreds of jobs in London and scrap Instagram’s hub in the city as part of widespread cost-cutting measures as the social media giant wrestles with a slump in advertising revenues amid harsher economic conditions.

Evening Standard

Meta to cut or relocate London Instagram staff

Meta is to slash jobs at its Instagram office in London and shift roles back to the US as part of widespread cost-cutting measures as the social media giant wrestles with a slump in advertising revenues amid harsher economic conditions.

Evening Standard

Mark Zuckerberg’s year of efficiency takes another turn as he joins McDonald’s and Google by laying off thousands in the metaverse

Mark Zuckerberg continues to streamline the tech giant with a round of (remote) layoffs, though experts suggest they're not always cost-effective.

Fortune

Meta finally realizes the Quest is for gaming, not for the Metaverse

Meta might be laying off more people across the company but its gaming divisions are said to be safe from the turmoil.

Android Central

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The Guardian - US

Thousands of Meta workers hit by new round of layoffs as company cuts costs

Social media firm will cull 4,000 jobs immediately as part of larger plan to cut 10,000 jobs amid tech industry slump

The Times of India

Meta prepares more layoffs across Facebook, WhatsApp, Instagram

SAN FRANCISCO: Meta Platforms Inc is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg’s goal of greater efficiency.

The Week

Should young teenagers be allowed in the metaverse?

A group of US and UK advocates have urged Facebook’s parent company Meta to block children from its virtual reality platform, warning that they could be exposed to inappropriate content, harassment and bullying.

Fortune

How Yishan Wong rose to become Reddit CEO

Yishan Wong talks Fortune through his résumé including the advice former boss Mark Zuckerberg gave him at Facebook, and nearly founding WeWork before WeWork.

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The Guardian - US

Silicon valediction? Our road trip to tech industry hotspots as the sector cools

Tables may have freed up at Silicon Valley’s Coupa Cafe, but ‘scalability’ is still on the menu as tech workers look forward

GamesRadar

Meta Quest Pro review: "The prologue to a cyberpunk novel"

I'd have loved to recommend the Quest Pro as a VR gaming platform, but it showed me that it can't cut through the noise of its Meta DNA.

Fortune

Amazon CEO Andy Jassy took nearly a 99.4% pay cut from 2021 to 2022

Jassy had a smaller compensation package than Amazon founder Jeff Bezos in 2022, as well as peers in Big Tech like Apple's Tim Cook and Microsoft's Satya Nadella.

Axios

After layoffs, the morale crisis

Meta employees are bummed — and worried.

Los Angeles Times

Michael Hiltzik: What 'Succession' got wrong about what happens when moguls die

Near the very end of Sunday's episode of HBO's hit show "Succession," Roman Roy shows his siblings a stock price chart on his smartphone.

Daily Mirror

Netflix major shake-up - all the movies being pulled from streaming service next month

On May 1, a list of a few movies and shows will disappear from Netflix. Here's a list of all the favourites' leaving the platform

Fortune

Three of Meta’s top execs—including Mark Zuckerberg—are now spending most of their time on A.I.

The company behind Facebook and Instagram has no plans to sign the proposal to temporarily ban the development of advanced A.I., the Reality Labs chief confirmed.

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