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The Latest Breaking News from Meta

Meta Shares Soar Most Since 2013 on Zuckerberg’s Vision

Meta Platforms Inc. is headed for its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive.

Tribune News Service

Meta's CTO bemoans the company's philanthropy and perks as distractions that "create drag"

Philanthropy efforts, product features, and workplace perks? They just "create drag," says Meta CTO Andrew Bosworth.

Fortune

Mark Zuckerberg and Wall Street are finally meeting in the middle on the metaverse

The Meta chief executive satisfied investors Wednesday by pledging to trim costs, but he’s still all-in on Reality Labs.

Fortune

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More Cracks in the FTC's Aggressive Antitrust Plans, as Court Refuses To Ban Meta From Buying V.R. Fitness App

Plus: Trump teases new avenues of authoritarianism, interest rates raised again, and more...

Reason

Meta's good day

Wall Street liked what it heard in the Facebook parent's latest earnings, and the company also won a round with the FTC.

Axios

Meta Reports Sales Fall, but Beats Expectations

Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring. The social media giant said sales dropped one percent to $116.6 billion in 2022, while it also…

Asharq Al-Awsat

The White House just came around to Elon Musk's point about Apple's 'secret 30% tax on everything.'

Tech CEOs, like Mark Zuckerberg and Elon Musk, have long grumbled about the 30% cut developers pay to Apple and Google.

Fortune

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Meta shares soar as Zuckerberg ushers in ‘year of efficiency’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg struck a new tone with investors Wednesday: The social media giant will be leaner, more efficient and more decisive, with a big assist from artificial intelligence.

Tribune News Service

Meta soars after sales beat, rosy forecast as Facebook grows

Meta Platforms Inc. posted quarterly sales that topped estimates, gave a rosy revenue forecast and indicated Facebook and Instagram still have room to grow, signaling it’s on course for a turnaround after its most difficult year.

Tribune News Service

Meta earnings drop by less than expected with boost from Reels

Parent company of Facebook and Instagram reports $32bn in revenue for fourth quarter, prompting rise in stock price

The Guardian - US

Meta's Reality Labs lost $13.7 billion in 2022—and just reported its worst quarter ever

CEO Mark Zuckerberg said the metaverse remains one of the company's top priorities.

Fortune

Samsung and Google Team Up To Tackle Mixed-Reality Hardware

In its annual unveiling of the Galaxy S23 and new Galaxy Book laptops, Samsung teased an upcoming XR partnership with Google that will bring new hardware.

Inverse

The professor who wrote the book on digital surveillance says that Elon Musk's Twitter takeover means our political stability, health and sanity come down to one man: 'I regard this as fundamentally intolerable'

Shoshana Zuboff calls Musk and Zuckerberg "information oligarchs" and thinks decision-making power lying with a few top-ranked executives can threaten democracy.

Fortune

The Ukraine war made Telegram’s app more popular and important than ever. But making money is still a struggle

Telegram and its reclusive leader, Pavel Durov, are scrambling to build a viable business around the video and messaging platform.

Fortune

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Fortune

Facebook has secretly been draining your phone battery to test features: ex-Meta employee

George Hayward said he was fired for refusing to partake.

The Guardian - UK

TechScape: Why Donald Trump’s return to Facebook could mark a rocky new age for online discourse

The former president was banned from Instagram and Facebook following the Jan 6 attacks, but Meta argues that new ‘guardrails’ will keep his behaviour in check. Plus: is a chatbot coming for your job?

The Guardian - US

Social media companies in the US brace to battle onslaught of legal challenges

State and federal lawsuits and bills with far-reaching regulatory implications for TikTok, Meta and others come to a head this year

Axios

In AI arms race, ethics may be the first casualty

Competitive threats could lead big firms to abandon restraint and shed their scruples fast.

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Evening Standard

Facebook secretly drained users’ phone batteries, ex-worker alleges

A data scientist claims he was fired for refusing to carry out the process known as ‘negative testing’

Fortune

Startup founders turn to these networking groups to rub shoulders with their peers

These are the most sought-after networking groups for founders looking to build out their Rolodex.

The Guardian - US

Wanda Sykes on Trump’s Facebook return: ‘Like letting Hannibal Lecter babysit your most delicious child’

Late-night hosts discuss Meta’s reinstatement of Donald Trump to Facebook and Instagram, and Jimmy Kimmel celebrates the 20th anniversary of his show

The Independent UK

Trump news – live: Trump’s secret donation to Arizona election audit revealed as he sets off on campaign trail

All the latest developments from Trumpworld

Fortune

BuzzFeed just announced it's going to use A.I. to start creating content and the stock market loves it

Buzzfeed's announcement about using OpenAI's technology comes a day after Meta said it would pay the media company millions to create content for Facebook and Instagram.

Fortune

Casualties of Big Tech layoffs find other companies are clamoring to hire them

After a decade-long boom, high-profile tech companies are laying off thousands of workers. But many of the unemployed are in demand outside of tech.

Chicago Sun-Times

Welcome back, Donald Trump!

Facebook lets the former president out of the penalty box.

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