Mass layoffs at Meta: Is Facebook’s ‘absolute monarch’ Mark Zuckerberg finally listening? spotlight on facebook 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 [...]
Facebook whistleblower Frances Haugen talks Meta, Musk and online safety INTERVIEW WITH Frances Haugen City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
Zuckerberg: Facebook and Instagram to test NFTs on user profiles ZUCKERBERG Meta CEO Mark Zuckerberg has confirmed that the tech giant will start testing digital collectibles on Instagram and Facebook in the coming weeks, allowing users to display non-fungible tokens (NFTs) on their profile. Augmented reality NFTs will feature on Instagram stories via Spark AR, Meta’s AR software platform, and will be coming to the rest [...]
Zuck Bucks coming next month: Facebook’s Meta plotting its own money offering via crypto launch, NFTs and small business loans April 12, 2022 Meta, the owner of social media giant Facebook, is plotting to bring its own digital currency to the market, Zuck Bucks, named after its founder Mark Zuckerberg. In addition, the company is reportedly also looking to launch a number of traditional banking services, such as providing small business loans. Zuck Bucks will not be a [...]
Mark Zuckerberg and team consider shutting down Facebook and Instagram in Europe if Meta can not process Europeans’ data on US servers February 10, 2022 If Meta is not given the option to transfer, store and process data from its European users on US-based servers, Facebook and Instagram may be shut down across Europe, the social media giants’ owner reportedly warned in its annual report. The key issue for Meta is transatlantic data transfers, regulated via the so-called Privacy Shield [...]
Hello Meta: Zuckerberg announces Facebook’s new name October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]
Facebook’s quarterly earnings shoot up to £6.5bn as it weathers whistleblower storm October 26, 2021 Facebook has recorded third quarter earnings of £6.5bn as it weathers a storm of blistering claims from a former employee. The company reported a net income for the three months ending on September 31 of $9bn, or £6.5bn, up from $7.8bn for the same period in 2020. Backlash against the technology firm has been intensifying [...]
Zuckerberg condemns “coordinated effort” to paint Facebook in a bad light October 25, 2021 Facebook’s chief executive and founder Mark Zuckerberg denounced “the coordinated effort to selectively use leaked documents to pay a false picture” of the social media platform. In his calls to investor to discuss the third quarter results, he said: “I believe large organisation should be scrutinised. I much rather live in a society where they [...]
Facebook delivers good Q3 but expects Q4 to be below estimates October 25, 2021 Facebook has delivered a good progress in the third quarter of 2021, said the company’s chief executive Mark Zuckerberg while announcing the company’s results. “We made good progress this quarter and our community continue to grow,” he said. “I’m excited about our roadmap, especially around creators, commerce and helping to build the metaverse.” The social [...]
Facebook and Instagram promoting ‘misogyny,’ investigation finds October 18, 2021 Social media giants like Facebook are set to face further questions after a new investigation has revealed platform algorithms actively promote misogynistic content to certain users. Facebook and Instagram users who show signs of hostility towards women online are more likely to then have pages recommended to them that reference sexual violence, disturbing memes about [...]