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The Latest Breaking News from Mark Zuckerberg

Social media's battle for creators comes to earnings calls

But some platforms, like Alphabet's YouTube, gave creators more love than others this quarter.

Fortune

This Week in the Metaverse: Zuckerberg tries to reconcile A.I. with the billions he’s already sunk into the metaverse

Meta’s metaverse division, Reality Labs, lost nearly $4 billion in the first quarter—a billion dollars more than it lost in the same period last year.

Fortune

Despite a user backlash, Instagram is doubling down on AI-picked content

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

‘I was constantly trying to solve the problem’: how application software gave an entrepreneur freedom to focus

Timothy Armoo explains how improving processes at his social media advertising firm freed up time so he could concentrate on getting and keeping customers

The Guardian - UK

Meta confirms Oculus Quest 3 will be affordable, but its VR business is on thin ice

The Oculus Quest 3 will be available at an "accessible" price according to Mark Zuckerberg, but how much longer can its VR losses continue?

TechRadar

Mark Zuckerberg Denies the Metaverse Is Dead

The Meta CEO hasn’t abandoned his vision yet.

The Street

Mark Zuckerberg Reveals a Troubling Change to How Facebook, Instagram Feeds Work

This is why your social media feeds are a bit different lately.

The Street

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Meta plans to bring AI to billions in Facebook, Instagram and WhatsApp — here’s how

Meta has its own plans to introduce AI technology similar to ChatGPT into its products.

Tom’s Guide

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

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

Facebook Parent Meta Soars After Blasting Q1 Earnings Forecasts; Zuckerberg Sees More Cost Cuts

"We're becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision," said CEO Mark Zuckerberg.

The Street

Stocks Edge Higher, Microsoft Beats, Google Buyback, Meta On Deck, Boeing In Focus - 5 Things To Know

Stock futures higher as tech earnings offset bank sector concerns; Microsoft surges as cloud boosts Q3 earnings, AI supports outlook; Google shares higher on resilient ad spending, $70 billion buyback plans; Meta earnings on deck amid Zuckerberg's 'year of efficiency' and Boeing higher ahead of earnings following solid Q1 deliveries.

The Street

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Fortune

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.

The Street

Mark Zuckerberg Has Dumped the Metaverse for His Newest Obsession

There he goes again.

Investors Business Daily

Is Meta Stock A Buy After 152% Run? Here's Why There May Be More Upside

Big job cuts have turned Meta stock back into a leader. If revenue revives from an Apple ad hit, the Facebook parent may have more upside.

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Inverse

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?

Reason

The Death of BuzzFeed News Was a Facebook Murder-Suicide

Online media companies got exactly what they said they wanted.

Kiplinger

$725M Facebook Settlement Payout Date Delayed by Objectors' Appeal

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

The Street

Mark Zuckerberg's Employees are Angry, Internal Communications Reveal

Questions from workers on an in-house forum showed frustration.

Fortune

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.

Evening Standard

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.

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