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The Latest Breaking News from Mark Zuckerberg

Job cuts and falling shares: how did it all go so wrong for the US tech sector?

As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley

The Guardian - UK

The Winklevoss twins are in another mess—and it has to do with crypto

“The idea in your head that you can quietly hide in your ivory tower and that this will all just magically go away, or that this is someone else’s problem, is pure fantasy,” Cameron Winklevoss wrote to former friend Barry Silbert.

Fortune

EXPLAINER: What is the metaverse and how will it work?

The term “metaverse” is the latest buzzword to capture the tech industry’s imagination

The Independent UK

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Trump Returning To Facebook? Zuckerberg’s Meta To Reportedly Decide In Coming Weeks

Mark Zuckerberg-led Meta Platforms Inc is reportedly deliberating on whether to let back former President Donald Trump on in.

Zenger

Cameron Winklevoss gives crypto baron one week to come up with a $1 billion solution to make his Gemini customers whole

Winklevoss and his identical twin brother first rose to prominence through their lawsuit against Mark Zuckerberg, who they claimed stole their idea for Facebook.

Fortune

Big tech back to real tech in 2023

The tech bubble has finally popped. Big Tech's expansion during the pandemic sparked a rush of over-hiring and preposterous valuations among tech startups, leading to a sharp correction at the end of 2022.

Bangkok Post

Charity and Capitalism Are Better Than Government

When I was young, I assumed government would lift people out of poverty. But those policies often do more harm than good.

Reason

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World’s richest tech execs lose over $400 billion in 2022

Elon Musk’s wealth has been the hardest hit this year, losing over $140 billion

Evening Standard

WhatsApp to stop working on 49 smartphone models TODAY leaving millions without app

Users with older iPhones and Androids handsets will need to get an upgrade after December 31 in order to use WhatsApp going into the New Year

Daily Mirror

Sorry, 'metaverse' is the word of the year whether you like it or not

Thanks to brands like Fortnite, Meta, and Roblox, the metaverse is making an obvious impact on the way we socialize, shop, and play.

Inverse

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

Facebook parent Meta will pay $725M to settle user data case

Facebook’s corporate parent has agreed to pay $725 million to settle a lawsuit alleging the world’s largest social media platform allowed millions of its users’ personal information to be fed to Cambridge Analytica

The Independent UK

Facebook parent Meta will pay $725M to settle a privacy suit over Cambridge Analytica

The proposed settlement is a result of revelations that the information of up to 87 million people may have been improperly shared with the data analytics firm that worked for political campaigns.

WEKU

Meta agrees to pay $725 million over Cambridge Analytica scandal

Meta Platforms Inc. has agreed to pay $725 million to settle a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica.

Tribune News Service

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Tribune News Service

Zuckerberg testifies that Meta's lack of VR fitness app doesn’t keep him up at night

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg says the fact his company doesn’t have a virtual reality fitness app up doesn’t keep him up at night, but acquiring it would boost competition and improve such applications.

The Independent UK

Meta CEO Mark Zuckerberg takes witness stand in FTC case

Mark Zuckerberg, the CEO of Facebook parent company Meta, is on the witness stand in a California courtroom as part of the U.S. antitrust regulators' effort to stop the tech giant from buying a virtual reality startup

The Guardian - UK

Twitter users voted Elon Musk out. But CEO or not, he’ll still call the shots

Even if the multi-billionaire owner accepts his user poll and stands down, his machinations seem likely to ruin the company, says tech writer Sarah Manavis

Tribune News Service

Commentary: What we should and should not do about kids and social media

Chances are if you’ve read the news in the past year you’ve seen a headline like these: It's time to go nuclear. Mark Zuckerberg is choosing profit over children. We need to ban kids from social media … And who could disagree with them? After all, you must be some…

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Financial Times

The tech ‘nepo babies’ are coming

Dual-class shares are ensuring founder families can control companies indefinitely

Fortune

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.

The Independent UK

FTC didn't stop Facebook-Instagram. How about Meta-Within?

Facebook parent Meta is sparring with the FTC over its pending acquisition of a virtual reality fitness company Within Unlimited in federal court in San Jose, California, where CEO Mark Zuckerberg is expected to testify as a witness

The Independent UK

Florida freshman facing legal threats for tracking Elon Musk’s jet says the Twitter CEO is a ‘hypocrite’

Jack Sweeney, 20, says he’s not worried about being sued by world’s second richest man: “He has spiralled the whole Twitter thing out of control”

InsideEVs

Industry Leaders Weigh In On Elon Musk And His Moves On Twitter

Musk added Twitter to his repertoire of high-profile companies, undergoing increasing scrutiny. Despite much uncertainty, he is getting some positive attention.

The Independent UK

Election nonprofit that drew GOP ire in 2020 renews grants

A nonprofit group that became a point of controversy for distributing millions of dollars in election grants during the 2020 presidential campaign is releasing a fresh round of money to local election offices

The Guardian - AU

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

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People

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