In a significant move on Wednesday, Meta, formerly known as Facebook, initiated its latest round of layoffs, affecting an estimated 6,000 individuals. These measures are being undertaken as part of Meta’s overarching strategy dubbed the “Year of Efficiency,” aimed at streamlining operations, reducing costs, and
Meta Platforms Inc. is gearing up for a new round of job cuts as part of its ongoing restructuring efforts aimed at achieving greater efficiency, according to an internal memo seen by Bloomberg News. The Facebook parent company has informed managers to expect job cut
Meta, the parent company of Facebook, has launched a new subscription service called Meta Verified. This service will allow users to add the coveted blue check mark to their Instagram and Facebook accounts by verifying their identity for up to $15 per month. The company’s
A decline in the online advertising industry and competition from rivals like TikTok impacted Facebook parent firm Meta’s fourth-quarter profit and sales on Wednesday. However, the shares of the corporation rose during extended trading as its sales above Wall Street’s low forecasts and the Menlo
The parent company of Facebook and Instagram, Meta, was fined $414 million by EU authorities on Wednesday for breaking privacy laws, potentially dealing a fatal blow to the social media corporation’s lucrative digital advertising strategy. The General Data Protection Regulation, or GDPR, was broken by
Tuesday saw a 1% increase in Meta shares following an apparently false report that CEO Mark Zuckerberg intended to retire in 2023. The report, which Meta swiftly refuted, came as Zuckerberg was already under increasing pressure from irate shareholders who were complaining about his extravagant
Altimeter Capital Management, a stakeholder in Facebook-parent Meta Platforms, stated in an open letter to CEO Mark Zuckerberg on Monday that the company needed to simplify by slashing employment and capital spending. According to the technology-focused hedge fund with a 0.1% investment, the firm has
According to current estimations, Mark Zuckerberg’s net worth has dropped by more than half this year, knocking him out of the top rankings of the world’s richest as his firm Meta suffers with an identity crisis. Zuckerberg, 38, has lost a massive $71 billion in
For years, Meta has faced criticism and scrutiny from Congress. CEO Mark Zuckerberg has repeatedly been sent to Congressional hearings to discuss privacy concerns that impact thousands of Americans. Congress is focused on regulating Meta quickly and they hope to achieve this with a dozen
How the average investor take advantage of this massive opportunity One of the big buzzwords being thrown around these days is ‘Metaverse’. You hear it on the news, you read about it on social media… you may have even heard about it from Mark Zuckerberg.
Without a doubt films about entrepreneurs and their struggles are always a treat to enjoy. Entrepreneurs’ stories of perseverance and overcoming obstacles is something to marvel at. While films like The Founder, Moneyball, and The Social Network tell great stories about some remarkable entrepreneurs, oftentimes
Since 2019, New York Attorney General Leticia James has been investigating Facebook under claims the company unlawfully used its marketing power to monopolize the social media industry. According to her statement, she was looking into whether Facebook “endangered consumer data, reduced the quality of consumer’s
Maybe you’re in charge of throwing your office Halloween party, or maybe you just have a great group of friends who love a creative shindig, but dressing like an entrepreneur might just be the right power play this year. And, hey, if you are your
