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The Latest Breaking News from Meta

Meta layoffs trigger panic as employees stuff bags with free snacks, drinks and chargers, says ex-employee

A former Meta employee shared a chilling account of the company's atmosphere before significant job cuts. Workers reportedly took free snacks and chargers, viewing the eve of layoffs as 'doomsday'. This sentiment persists as Meta prepares for further job eliminations. Many employees remain anxious about their future, with some hoping…

The Economic Times

Steven Soderbergh used AI in a documentary about John Lennon. And he wants to talk about it

The day John Lennon was shot in 1980, he and Yoko Ono gave an interview to a San Francisco radio crew from their home in New York’s Dakota Apartments

The Independent UK

AXT Turned the AI Data Center Boom Into an 8,436% 1-Year Return

AI infrastructure spending is reshaping the semiconductor supply chain in unexpected ways. AXT emerged as one of the market’s top performers by supplying materials essential to modern data centers.

Barchart

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What Is Broadcom? The Unknown Company Building the AI Chips Powering Google, Anthropic, OpenAI and Meta

Broadcom (AVGO) is the company building custom AI chips for Google, Anthropic, OpenAI and Meta. With $100 billion in AI chip revenue targeted for 2027 and a $73 billion backlog, here's everything you need to know about the most powerful tech company most people have never heard of.

International Business Times

We watched social media concentrate. The same thing is happening in AI, only at a deeper layer

We watched Snap lose to Meta's platform dominance and see the same pattern repeating in AI—only this time, the stakes aren't market share.

Fortune

AI data centers require 36 times more fiber than designs with standard servers — severe glass shortages push cable lead times out to a full year

Major Chinese optical fiber manufacturers have booked orders stretching into 2027, as AI data center construction drives demand growth that the supply chain can't match.

Tom’s Hardware

MarketBeat Week in Review – 05/11 - 05/15

Stocks were mostly higher this week as investors were reminded that earnings are the signal; inflation and geopolitics is noise

MarketBeat

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The prophet of the 'Wired Belt' says capitalism is finally eating itself

Tufts' Bhaskar Chakravorti predicted AI would destroy the jobs business needs most — in the exact cities where business lives.

Fortune

Oakley Meta HSTN review: smarter than the average glasses – a whole lot smarter!

The Oakley Meta HSTN are ‘performance AI glasses’, typifying the brand’s fusion of sports equipment, eyewear and apparel, with a flourish of fashion

Digital Camera World

Meta's Ray-Ban Display build for the future, opens its doors to developers

Meta revealed that it will deliver a Developer Preview and access for developers to begin creating mobile and web apps for the Ray-Ban Display.

Android Central

Social media CEOs called to Senate Judiciary hearing

The Senate Judiciary Committee has called on the executives of major social media companies to testify before the panel next month regarding child online safety. Chairman Charles E. Grassley, R-Iowa, sent letters to the heads of Meta, Google, Snap and TikTok earlier this month seeking attendance at a hearing on…

Roll Call

Another metaverse is set to die in June

Holoearth, which just launched in 2024, is the latest proof that PC Gamer's Wes Fenlon was right.

PC Gamer

America's most powerful CEOs don't have much to show from their China trip so far

The presence of a group of some of the most powerful U.S. corporate leaders - representing companies like Apple, Meta, Boeing, Cargill and Goldman Sachs - underscores the importance of the Chinese market, even as political leaders navigate strained ties over trade, artificial intelligence and broader geopolitical tensions.

The Economic Times

Oracle Went From Tech Dinosaur to AI Heavyweight

Oracle’s legacy became its biggest AI advantage.

Barchart

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The Guardian - US

‘I didn’t want to be the guinea pig’: inside tech’s AI-fueled manager purge

Tech workers say AI-driven restructurings are eroding mentorship, support and paths to promotion across Silicon Valley

International Business Times

Meta Launches Incognito AI Chat Days After Removing Instagram Encryption

Meta launched Incognito Chat with Meta AI on May 13, 2026, five days after quietly removing end-to-end encryption from Instagram direct messages — a sequence that digital-rights group the Electronic Frontier Foundation called a broken promise.

The Independent UK

From Cisco to Block, more companies are pointing to AI when unveiling job cuts

Layoffs have been piling up recently, especially in the tech world

Barchart

Meta Stock vs. Google Stock: One Is Clearly the Better Buy for the Next 10 Years

Both Big Tech stocks look like long-term winners, but one clearly has the upper hand.

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MarketBeat

Prenetics Global Q1 Earnings Call Highlights

Prenetics Global (NASDAQ:PRE) said its first-quarter results reflected the company’s shift away from diagnostics and genome testing toward a subscription-driven consumer health model anchored by its IM8 supplement brand. Chief Executive Officer and Co-Founder Danny Yeung told investors that IM8, la

Barchart

Nebius Group Stock Soars 16% as AI Revenue Growth Hits 684%. Its Meta Deal Changes Everything.

The Q1 numbers for Nebius' stock are eye-popping. But the story behind them is what makes this stock worth watching.

Fortune

Meta's $10 billion Louisiana data center is getting $3.3 billion in tax breaks—more than seven years of the state's entire police budget

States are awarding more than $5.6 billion annually to data center developers, and that’s a conservative estimate.

International Business Times UK

OpenAI Hit With Class Action Lawsuit Over Claims ChatGPT Secretly Shares Sensitive User IDs And Data With Meta and Google

OpenAI faces another California lawsuit alleging ChatGPT user data was shared with Meta and Google, days after a separate suit linked ChatGPT to the FSU shooter.

The Economic Times

Big Tech turns to Sesame Street, Girl Scouts to deflect scrutiny over kids' screen time

Tech giants Meta and Google funded trusted children's brands to teach responsible tech use. This occurred even as their apps were designed to be difficult to disengage from. Critics argue these partnerships encourage dependence on social media. This strategy faces scrutiny amid lawsuits alleging harm to youth mental health from…

Barchart

As AI Revenue from Chips Swells, Broadcom Is Positioned to Accelerate Growth

Citi raised its price target on Broadcom and is bullish on the company ahead of earnings on June 3.

The Economic Times

India crowns Meta AI; More layoffs hit tech

India is now the ground zero for Meta’s AI push, WhatsApp chief Will Cathcart told us. This and more in today's ETtech Top 5.

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