Mass layoffs at Meta: Is Facebook’s ‘absolute monarch’ Mark Zuckerberg finally listening? November 8, 2022 Facebook-owner Meta did not do well with investors during and after the latest earnings releases. Large institutional investors concluded that founder Mark Zuckerberg is not listening to investor concerns over capital expenditure plans for next year and ballooning operating expenses. But the Wall Street Journal is writing that Meta is now planning a large layoff [...]
WhatsApp users in UK get new feature that allows Brits to ‘bundle’ group chats November 3, 2022 A WhatsApp feature that enables users to bundle several group chats together under the umbrella of a single topic and share updates across them all has gone live in the UK. First announced earlier this year and in testing since then, the Communities feature will allow users to organise different group chats together under a [...]
Meta struggles: Facebook, Instagram and WhatsApp owner’s profits halved October 27, 2022 Owner of Facebook, Instagram and WhatsApp, Meta, reported a fall in its revenue for the third quarter driven by plummeting ad revenue. The social media giant’s intake was four per cent down on last year’s third quarter, from £29bn to £27bn, while its costs and expenses were up almost 20 per cent. Income was down [...]
WhatsApp down globally, 40m Brits and hundreds of millions impacted around the world October 25, 2022 Meta-owned messaging app WhatsApp went down for over an hour this morning in dozens of countries around the world, including the UK, Netherlands, Germany, Italy, Malaysia, Kenya, India, France and most of the United States and Canada. City A.M. can confirm that the outage was for both personal chats as well as group chats and hundreds [...]
Competition watchdog orders Facebook owner Meta to sell Giphy October 18, 2022 The competition watchdog told Facebook’s parent firm Meta this afternoon that it would need to dump Giphy, marking the first time the regulator has blocked a deal struck by a Big Tech firm. In its “final decision”, the Competition and Markets Authority (CMA) ruled that the combination of the two companies would allow Meta to [...]
Big pay for Big Tech: Facebook UK staff bank £134k a year on average October 6, 2022 Despite reports that tech firms are facing job cuts and a slowdown of hiring, new filings reveal that the average salary for a Facebook employee in the UK hit £134,000 last year. Facebook’s headcount climbed 37 per cent to 5,148 in the UK, with the wage bill up to £693m in 2021. This made the [...]
Meta accused of breaching workers rights over union rep cleaner’s dismissal September 1, 2022 Meta has been accused by Amnesty International of breaching workers’ rights over claims a Bolivian cleaner working at its London offices was fired for being a union rep. The Facebook owner is set to face a protest outside its Brock Street offices on Friday ahead of the start of an unfair dismissal tribunal on Wednesday [...]
Meta: Instagram owner has first ever fall in sales revenue but monthly Facebook usage grows July 28, 2022 Facebook and Instagram owner Meta had its first ever drop in sales revenue in the first time in its history. The social media giant’s revenue stood at $28.2bn in the first three months up to June this year, down from $29bn in the same period last year, marking a one per cent fall. The Mark [...]
Revealed: Facebook is allowing the sale of rich Brits’ data in open groups for as little as 16p July 11, 2022 Social media giant Facebook is allowing the sales of thousands of peoples personal data to take place in open groups with tens of thousands of members for as little as 16p. Favoured by hackers and scammers, posts advertising data sets such as “UK Old Age High Income Leads” went seemingly unnoticed on the site. The [...]
Starry Eyed: Advertising watchdog bans Ellie Goulding’s alcohol ads on Facebook July 6, 2022 Ellie Goulding's Facebook page adverts have been banned after the singer said the drink was low in calories and contains no sugar, implying it was good for you.