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The Latest Breaking News from Meta

'No car, no TV': 24-year-old Meta employee earning $306,500 rejects luxury lifestyle, explains strategy to build wealth while pursuing travelling, hobbies

A 24-year-old Meta engineer, Raymond Zeng, earns a staggering $306,500 annually but lives a minimalist life, forgoing a car, couch, and TV. He prioritizes early financial independence, aiming to retire by 30. Zeng saves aggressively, investing heavily in stocks and utilizing the FIRE strategy to build a substantial portfolio, funding…

The Economic Times

Sudden Lockout, No Warning: Webflow Worker on Foreign Work Permit Asks CEO, 'Do I Still Have A Job?'

Webflow's AI shift prompts layoffs and controversy over notification methods. CEO Linda Tong addresses the impact, echoing industry trends at Amazon and Meta.

International Business Times UK

Meta Introduces Paid Subscriptions for Instagram, Facebook and WhatsApp

In a major shift away from its heavily advertisement-driven business model, Meta has officially announced paid subscription plans for its three biggest platforms — Instagram, Facebook and WhatsApp. The move marks one of the company’s biggest attempts yet to diversify its revenue streams beyond digital advertising.

Whats Hot

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‘If you're writing code traditionally, stop. It's over': Former Google CEO Eric Schmidt explains why he is mourning as a programmer

Former Google CEO Eric Schmidt declared traditional coding is obsolete, urging developers to stop writing code manually. If you're writing code traditionally, stop, he said, explaining that top engineers now manage AI systems like Claude and Gemini. This profound shift has led Schmidt to feel a personal sense of mourning…

The Economic Times

73 Unhinged FB Marketplace Finds Deep Within The Appalachian Mountain Towns

Scrolling through local classifieds in a quiet mountain town usually reveals ordinary furniture and used trucks. Instead, digital explorers tracking regional internet listings have stumbled onto an entirely different world of bizarre items and homegrown inventions hidden deep in the hills. These highly questionable local listings feature everything from strange…

Bored Panda

Elon Musk's SPACE AI Data Centers: Genius or Dangerous Gamble?

IntroductionArtificial intelligence is quickly becoming one of the most influential technologies of the modern era. Behind every AI chatbot, image generator, and smart recommendation system lies an enormous amount of computing power. As the demand for AI grows, so does the need for larger and more advanced data centers. Elon…

MyLifeXP

Meta's paid subscription: Soon you have to pay more for Instagram, Facebook, and WhatsApp Plus to access new features

Meta subscription: Meta has introduced paid subscription plans for Instagram, Facebook, and WhatsApp. These plans offer users extra features for a monthly fee. Instagram Plus and Facebook Plus cost $3.99, while WhatsApp Plus is $2.99. The company is also developing subscription plans for businesses and creators. This move comes as…

The Economic Times

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'No email, just locked out of my laptop': Laid off Webflow employee calls out CEO, says 'I'm certain she would have the dignity to...'

Webflow CEO Linda Tong faced criticism after a Canada-based employee was locked out of his laptop and company accounts without prior notification of layoffs. The employee expressed shock, highlighting the impact on international workers. Webflow stated the lockout was a security measure preceding personal email notifications, intended to protect data.

The Economic Times

Meta lays off nearly 1,400 Washington employees in latest tech workforce cut: Check worst-hit departments, severance package and more

Meta is set to lay off nearly 1,400 employees across Washington state, including Seattle, Bellevue, and Redmond, starting July 22, 2026. This significant workforce reduction, impacting technical roles, is part of the company's strategic pivot towards AI initiatives and a broader restructuring effort. Bellevue will see the largest impact with…

The Economic Times

Meta launches paid subscriptions for Instagram, Facebook, WhatsApp

Meta has launched paid subscriptions for Facebook, Instagram, and WhatsApp, offering enhanced features like audience growth tools, premium stickers, and custom app icons. These new plans aim to diversify revenue beyond advertising, with Instagram Plus and Facebook Plus priced at $3.99/month and WhatsApp Plus at $2.99/month.

The Economic Times

The Department of Energy Gave Oklo Stock a Win. Now the Company Just Needs to Start Delivering Power.

The U.S. Department of Energy selected Oklo for advanced negotiations in its Surplus Plutonium Utilization Program to convert surplus plutonium into bridge fuel for next-generation reactors, driving shares higher on the news.

Barchart

Meta accused of restricting sexual health and queer Instagram accounts

Instagram accounts linked to reproductive rights, sexual health and LGBTQIA+ groups have been disabled or restricted, organisations affected by the measures say.

Radio France Internationale

Meta Layoffs: Mark Zuckerberg Concedes Company Communicated Poorly as It Lays Off 8,000 Employees

Meta's massive layoffs are tied to Mark Zuckerberg's vast AI spending plans, even as he promises no further company‑wide cuts this year and admits communication has been poor.

International Business Times UK

Google joins privacy backlash and warns Canada Bill C-22 could 'break end-to-end encryption' and create a 'surveillance infrastructure'

After the privacy tech industry, Google and Apple are warning that Canada's proposed Bill C-22 could force developers to build backdoors into their devices, and push for strict judicial oversight.

TechRadar

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The Economic Times

Mark Zuckerberg's philanthropic venture unveils AI world model for drug discovery

Biohub, a venture by Mark Zuckerberg and Priscilla Chan, has launched a protein biology world model. This advanced AI tool aims to speed up drug discovery. The model learns from evolutionary data to understand protein functions. Researchers have already used it to design new protein binders for cancer and immune…

The Guardian - UK

Reform UK spending on Facebook ads surged before May elections

Party spent £252,000 in last two weeks of campaign on its main Facebook pages compared with Labour’s £276,000

Fortune

Five giant hyperscalers—and Nvidia—share a surprising trait: female CFOs

How female finance chiefs rose to the top at the most consequential moment for AI spending.

The Economic Times

AI rally: SK Hynix, Micron Technology join trillion-dollar club; Taiwan bourse overtakes India in market value

The AI boom is fueling a surge in chipmakers like SK Hynix, Samsung, and Micron, pushing them into the $1 trillion market-cap club. This global tech rally has propelled Taiwan past India in market value, highlighting the dominance of AI-driven semiconductor giants.

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The Economic Times

Meta layoffs hit India; Local VCs eye Wispr Flow funding

Happy Wednesday! Tech major Meta has quietly axed a dozen India roles as part of its latest global AI-era reset. This and more in today's ETtech Morning Dispatch.

Barchart

Stop Looking at Earnings: The Real Threat to AI Stocks Is the Collapse of Compute Prices

The real threat to the tech sector isn't a lack of AI ideas, but a classic economic shock. The overproduction of computing power.

The Independent UK

Supreme Court rejects Meta's appeal in Vermont social media addiction case

The Supreme Court has rejected a push to avoid a lawsuit alleging Facebook and Instagram harmed young users, a decision that comes as social-media companies increasingly face legal scrutiny

Barchart

1 Mega-Cap Tech Stock With 35% Upside Just Dropped a Reddit-Like App

Meta’s soaring AI spending has pressured shares, but analysts believe long-term monetization opportunities remain significant.

Tom’s Hardware

Chinese AI experts in private firms now required to secure approval before international travel — Beijing enforces policy to secure top-tier talent, expands measures beyond government

The Chinese government has imposed travel restrictions on key AI experts, requiring them to secure an approval before they can leave the country. Beijing is reportedly doing this to secure talent, which it now considers as a strategic resource, as it competes with the U.S. to gain supremacy in artificial…

The Economic Times

US Supreme Court declined to hear Meta's challenge to Vermont social media addiction lawsuit

The US Supreme Court has refused to hear Meta's appeal. This allows a lawsuit against Meta's Instagram to proceed. Vermont's attorney general claims the app is designed to be addictive for young users. This is part of a larger trend of lawsuits targeting social media companies. Meta faces increasing legal…

The Economic Times

Meta CEO Mark Zuckerberg makes two promises after 8,000 layoffs, one on future job cuts

Meta CEO Mark Zuckerberg has assured employees that there will be no more company-wide layoffs this year following a major restructuring that affected around 8,000 workers. The announcement comes after widespread job cuts linked to Meta’s increased investment in artificial intelligence. Zuckerberg also acknowledged shortcomings in communication during the process,…

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