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The Latest Breaking News from Meta

Facebook parent Meta to lay off another 10,000 workers

The company in February posted lower fourth-quarter profit and revenue, hurt by a downturn in the online advertising market and competition from rivals such as TikTok.

Chicago Sun-Times

Meta to cut 10,000 more jobs, eliminate 5,000 openings

It's the second round of layoffs to hit the tech giant in the past few months.

Axios

Meta to cut another 10,000 jobs as Zuckerberg tells staff: ‘This will be tough and there’s no way around that’

The cuts add to the 11,000 staff that were let go in November last year

Evening Standard

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Facebook parent Meta slashes another 10,000 jobs

Facebook’s parent Meta will slash another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs

The Independent UK

Facebook and Instagram NFTs dropped 6 months after U.S. debut as more Meta layoffs loom

The company said it would still support creators who use Instagram and Facebook to amplify their work.

Fortune

Ayn Rand Would Hate the New Spotify Video Feed

Turning every streaming service into TikTok is bad for the internet. It'll be disastrous for music.

Reason

The Online News Act could give Google and Meta too much influence over Canadian news organizations

Bill C-18, the Online News Act, could give Google and Meta greater influence over Canadian news media in the form of new agreements between online platforms and news organizations.

The Conversation

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Demand for deepfake pornography is exploding. We aren’t ready for this assault on consent

With cheap apps proliferating, how long til our likeness appears in a nonconsensual deepfake porn video?

The Guardian - US

Report: Meta Plans New Job Cuts

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four months…

Asharq Al-Awsat

Microsoft says GPT-4 AI is coming next week with video features

The large-language model could be unveiled at an event on March 16.

Evening Standard

PayPal mafia veteran Keith Rabois thinks Google hired engineers to do 'fake work'

The PayPal Mafia veteran claimed new hires were given "fake work", adding that mass layoffs seen in the sector are overdue.

Fortune

Plans for Instagram’s upcoming Twitter rival leak online

The service looks a lot like Elon Musk’s Twitter — but with one major difference

Evening Standard

WhatsApp spam calls could soon be much easier to ignore

Meta is working on a feature which will automatically mute calls from unknown numbers.

Evening Standard

Facebook parent Meta still pays women in the U.K. and Ireland less than men and gives them much smaller bonuses

For every £1 a male employee earns at Meta U.K., women earn 92p when looking at median hourly pay.

Fortune

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Evening Standard

Is Meta mulling a VR games subscription service?

Screenshot suggests Meta may give players two games or apps per month, accessible as long as they stay subscribed.

Daily Mirror

Save on the Meta Quest 2: price drop sees £70 knocked off the VR headset

Meta Quest 2 256GB edition has had money slashed off of its retail cost and now comes with two free games

Fortune

Meta's large language model leak awakens debate over open or closed A.I. research

Researchers are split on whether code and datasets should be available for easy access.

Tribune News Service

Hundreds of sexual ads using deepfakes ran on social media

A massive advertising campaign launched this week by a deepfake app featured the faces of actresses Emma Watson and Scarlett Johansson.

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Fortune

The days of free dry cleaning, massages and wellness retreats are ending for tech companies like Meta and Google

Lavish extras, especially at tech firms, are disappearing.

Evening Standard

Is Meta about to release a chatbot for Instagram and Facebook?

Mark Zuckerberg and co have big plans for artificial intelligence.

The Conversation

Should you pay for Meta's and Twitter’s verified identity subscriptions? A social media researcher explains how the choice you face affects everyone else

Social media services have generally been free of charge for users, but now, with ad revenues slowing down, social media companies are looking for new revenue streams beyond targeted ads. Now, Twitter is charging for its blue check verification, and Meta and Twitter both charge for identity protection.

AnandTech

AMD Announces The Last of Us Part 1 Game Bundle For Radeon RX 6000 & 7000 Video Cards

The Last of Us Part 1, a remaster of the original Playstation-hit, is making its way to the PC on March 28. To celebrate the feat or to let gamers relive the TV series, AMD has kicked off a new game bundle offer for Radeon RX 6000 and RX 7000…

Inverse

Game Subscriptions Could be Meta’s Secret to Keeping People Interested in VR

Meta is rumored to be exploring a subscription service for its Quest headsets that could make it very easy to try what the platform offers.

Tribune News Service

Meta plans thousands more layoffs as soon as this week

Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter.

The Guardian - UK

TechScape: Will Meta’s massive leak democratise AI – and at what cost?

4Chan users have posted the tech giant’s new ChatGPT-style language model online, putting the future of AI at a crossroads – and opening up a whole host of dangers

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