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The Latest Breaking News from Meta

Meta has killed off both Portal and its smartwatch ambitions

Portal was struggling for relevance, while the smartwatch never even got off the ground.

Evening Standard

Alan Kohler: Crypto and the end of the beginning

Will FTX’s collapse mean the end of crypto? Well, some of the 3000 or so cryptocurrencies, or at least it should.

The New Daily

3 ways to tell if you're about to be laid off

Worried about a recession or layoffs? Experts suggest taking these steps to know if your company is next on the chopping block.

Fortune

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

This Is What Whales Are Betting On Meta Platforms

A whale with a lot of money to spend has taken a noticeably bearish stance on Meta Platforms. Looking at options history for Meta Platforms (NASDAQ:META) we detected 61 strange trades.

Benzinga

Elon Musk tells Twitter staff about his ‘recession PTSD’ from keeping PayPal and Tesla alive, demands ‘maniacal sense of urgency’

Musk addressed Twitter employees in a Q&A Thursday, describing his trauma from Tesla and PayPal, after laying off around 50% of workers at the social media company.

Fortune

Tech workers: have you been affected by recent job cuts?

We would like to speak to people working at companies including Twitter and Meta

The Guardian - UK

Zuckerberg Will Continue To Pour Money Into The Metaverse — But Where's The 'Magic' In The Company's Metaverse Products Today?

Meta Platforms (NASDAQ: META) has seen better days.

Benzinga

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Facebook, TikTok, Twitter Failed To Control Perpetration Of False Information In Kenya's Elections

Social media platforms Meta Platforms Inc (NASDAQ: META) Facebook, TikTok, and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned Twitter failed to live up to their election integrity pledges during Kenya&

Benzinga

Amazon starts annual hunt for costs to cut, rounding out rough year

Amazon is starting a cost-cutting review, part of an annual process that this year will involve the same macroeconomic factors that have led the company to freeze hiring and cut several projects.

Tribune News Service

Daily Telegraph’s ‘inaccurate’ reporting taken into account by judge when sentencing paedophile

‘Sensational’ reporting by News Corp and 2GB should be considered as additional punishment when deciding sentence, judge says. Plus: the AFR’s kiss of death

The Guardian - AU

What is Meta as Facebook and Instagram owner slashes thousands of jobs

The tech giant will cut 13 per cent of its entire workforce as part of the cuts - this comes as part of a major restructuring of the entire company Meta, parent of Facebook.

Glasgow Live

L’Oreal is easing the return to office with a $5-an-hour concierge

While Meta and Bloomberg nix company perks, workers at L’Oréal’s new headquarters in El Segundo get a subsidized personal assistant.

Fortune

California’s new child privacy law could become national standard

A new California privacy law might fundamentally change how kids and teens use the internet — not only in California but also across the country.

Tribune News Service

Man creeped out by Facebook 'spying on him' as he gets ads for items he's chatted about

One man had a late-evening phone conversation with a relative about a random topic and the next morning he saw an advert in his Facebook connected to his private chat

Daily Mirror

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Dublin Live

Twitter layoffs: Firm accused of 'actively ignoring Irish labour laws'

The firm has come under fire after employees were locked out of their emails before the collective redundancy process could take place

The Conversation

Mark Zuckerberg can sack 11,000 workers but shareholders can't dump him: it's called 'management entrenchment'

“I want to take accountability for these decisions and for how we got here,” tech billionaire Mark Zuckerberg told the 11,000 staff he sacked this week.

Tribune News Service

Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first major round of layoffs in the social media giant’s history.

Fortune

Elon Musk could learn from Mark Zuckerberg when it comes to layoffs

The CEOs of Meta and Twitter took a different approach to firing thousands of employees in the last week.

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news in one place.

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Benzinga

Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

Benzinga

Nasdaq Drops 200 Points; Meta Platforms Shares Jump

U.S. stocks traded lower toward the end of trading , with the Nasdaq Composite dropping 200 points on Wednesday.

The Guardian - UK

Meta mass sackings show Mark Zuckerberg is rattled

Investors only have themselves to blame for not insisting on equal voting rights to rein in tech pioneer

Benzinga

Workforce Down, Stock Price Up: Here's What's Going On With Meta Platforms

Meta Platforms Inc (NASDAQ: META) gapped up about 4% higher on Wednesday and continued to spike intraday, trading up over 6% in the afternoon.

The Guardian - UK

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

Tribune News Service

Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history.

Fortune

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

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