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The Latest Breaking News from Mark Zuckerberg

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown

CEO Mark Zuckerberg apologizes for the layoffs, which represent the first large-scale workforce reduction in the company's 18-year history.

WEKU

Facebook parent company Meta laying off 13% of employees

Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes

The Independent UK

Mark Zuckerberg fires 11,000 Meta employees after telling staff ‘I got this wrong’

Affected employees were locked out of Meta systems but were allowed access to their email accounts ‘so everyone can say farewell’

Evening Standard

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Facebook parent Meta laying off more than 11,000 workers

It's Meta's biggest round of layoffs in its history.

Axios

Here's How Much Sam Bankman-Fried Lost In Wealth Tuesday — And How It Compares To Mark Zuckerberg's Rough 2022

One of the biggest names in cryptocurrency may have had one of the worst days as a billionaire, a status that could now be over.

Benzinga

Mark Zuckerberg ‘accountable’ as Meta prepares to cut thousands of jobs

The company’s stock price has fallen by 70 per cent this year

The Independent UK

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

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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

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

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

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The Guardian - AU

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 Independent UK

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 Guardian - 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 Conversation

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…

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Los Angeles Times

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.

The Guardian - UK

‘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?

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

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.

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