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The Latest Breaking News from Mark Zuckerberg

Want social media companies to step up their election game? Give them a financial reason

Researchers are sounding alarms about disinformation ahead of Tuesday’s midterms, but social media consumers are voting with their eyes.

Fortune

Why leaders bury their heads in the sand when faced with uncomfortable facts

Adidas executives, Mark Zuckerberg, and Elon Musk have one thing in common: they behave like an ostrich–and so do you, according to behavioral science.

Fortune

Report: Facebook Parent Meta Is Preparing Large-scale Layoffs This Week

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Facebook parent Meta in October forecasted a weak holiday quarter and…

Asharq Al-Awsat

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Meta is reportedly preparing mass layoffs. Why anti-metaverse investors might be disappointed

The Facebook and Instagram can cut costs without undermining its core metaverse ambitions.

Fortune

Meta Goes Twitter Way With Layoffs, Twitter Might Want Some People Back After Firing Them, Coal Miners Terminate $6B Combination Discussions: Top Stories Monday, Nov. 07

Wall Street Journal

Benzinga

Twitter, Facebook parent Meta decimate workforce

Twitter fired more than 90% of its staff in India staff over the weekend, leaving just a dozen, while US media reported that Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week.

Bangkok Post

Claim Meta on verge of large-scale job cuts, as 3,000 Irish employees may be at risk

The news comes just a short time after Elon Musk laid off thousands of Twitter employees via email

Irish Mirror

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Facebook Parent Meta Prepares For Large-scale Layoffs This Week

Facebook parent Meta is preparing for large-scale layoffs this week which is expected to affect many thousands of its workforce. Read on for Details:

Dynamite News

Facebook’s parent Meta prepares to slash thousands of jobs – reports

Layoffs come after $80bn wiped off company’s market value last month amid global economic downturn

The Guardian - AU

Facebook parent Meta preparing to announce large-scale layoffs this week, report says

The company posted weak results and saw a dramatic fall in its share price over 2022

The Independent UK

The tunes you hum, books you read, rows you have: Twitter and co are shaping your world

The big social media platforms don’t reflect back our views so much as form them

The Guardian - UK

Why Meta's share price collapse is good news for the future of social media

Facebook may not be the original social media platform but it has stood the test of time – until recently. Meta, the company that owns Facebook, Instagram and WhatsApp, saw its value plummet by around $80 billion (£69 billion) in just one day at the end of October, after its…

The Conversation

Michael Hiltzik: Meta and Twitter show the drawbacks of giving self-satisfied billionaires too much power

Back in the prehistoric era — in 2012, when Facebook staged one of the most hyped initial public stock offerings of all time — I warned the company's newly minted shareholders that they had become wedded to Mark Zuckerberg.

Los Angeles Times

‘He is poised to open the floodgates’: can Twitter survive Elon Musk – or even thrive?

Since buying it, the billionaire has wasted no time shaking up the struggling social media firm, cutting staff and introducing fees. But can he make the platform matter again – or will it become a hellscape of hateful content and misinformation?

The Guardian - UK

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Benzinga

EXCLUSIVE: Meta Bear, Meta Bull Go Head-To-Head Over Social Media Stock

Meta Platforms Inc (NASDAQ: META) slumped 24.5% last week on the heels of its earnings report as investors digested the miss, and weak fourth-quarter outlook.

The Guardian - UK

Mark Zuckerberg’s metaverse is a joke not shared by investors

Meta’s share price is down 73% in 2022 but Facebook investors can’t force the boss to change course

The Guardian - UK

Could Elon Musk’s era spell the end of social media billionaires?

Twitter’s biggest tryhard has taken over the platform, but the social media industry could be heading for multiple crises, says tech writer Richard Seymour

The Guardian - US

Will plunging shares end big tech’s era of ‘pornographic’ profits?

After the astonishing wealth earned during lockdown, investors fear times may never be as good again for Silicon Valley’s giants

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news in one place.

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Axios

Musk and Zuckerberg show how much certain men are willing to pay for power

They've destroyed billions of their own money in the pursuit of ever greater influence.

Daily Mirror

Kanye West makes Twitter comeback after $44billion takeover by 'friend' Elon Musk

Kanye West is back on Twitter amid backlash for his vile anti-Semitic tweet following a $44billion takeover from his 'friend' and world's richest man Elon Musk

Pedestrian.tv

Meta Is Losing Money At Zuck-Neck Speeds Which I Hope Means We May Soon Be Free Of The Zuck

It's seen Meta days.

Axios

Ford v. Meta: Two very different paths to the future

It's hard to know which one is right.

The Guardian - UK

Meta shares dip is proof metaverse plan never really had legs

Virtual reality gamble is not paying off as Mark Zuckerberg appears to be going out on a limb with avatars

Benzinga

2023 An 'Investment Year' For Meta Platforms: Why These 6 Analysts Are Lowering Price Targets After Q3 Earnings

Analysts are lowering their price targets on Meta Platforms (NASDAQ: META) after the company reported third-quarter financial results Wednesday

Tribune News Service

Parmy Olson: Zuckerberg should focus on the midterms, not the metaverse

You have to hand it to Mark Zuckerberg. In the face of criticism about the radical strategic shift he has chosen for Facebook, he is stubbornly focused on turning it into a metaverse company. Other tech billionaires may lash out at dissent, but Zuckerberg remains stoic, tuning out the noise…

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