The Latest Breaking News from Mark Zuckerberg

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 · Nov 7, 2022

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 · Nov 7, 2022

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 · Nov 7, 2022

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 · Nov 4, 2022

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 · Nov 3, 2022

‘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 · Nov 3, 2022

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.

Benzinga · Nov 2, 2022

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 · Nov 2, 2022

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 - UK · Nov 1, 2022

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

The Guardian - US · Oct 29, 2022