Meta's 'year of efficiency' continues, thousands more expected to be laid off
Meta is not quite finished streamlining its workforce, with plans for another culling of thousands of employees being considered by management.
Malcolm Owen
Meta leaks its AR four-year plan before Apple can beat them
Meta has made sure its new AR/VR plans would leak, as it tries to leverage its five-year lead to establish itself as the headset company to beat — before Apple makes its announcements.
William Gallagher
Facebook has decided that paid user validation is also the way to go
Meta is joining Twitter in providing a paid verification subscription to customers, with Meta Verified allowing other users to confirm the identity of its subscribers on Facebook and Instagram.
Meta is slowly recovering, but still 'at the whim of Apple' says exec
Following its precipitous stock value fall in 2022, and mass layoffs in 2023, Facebook owner Meta sees recovery on the horizon — but is warning staff that the hits it keeps taking from Apple's privacy moves are not going away.
EU hits Meta with $411 million fine for forcing users to accept personalized ads
Meta, the parent company of Facebook and Instagram, has been told by a European Union privacy regulator that it cannot require users to opt into personalized ads, fines them $411 million.
Wesley Hilliard
Cambridge Analytica suit settled for historic $725 million [u]
In the largest privacy class action lawsuit settlement yet, Facebook owner Meta has agreed to pay $725 million to settle charges over use of customer data without permission.
Meta's 11,000 job cuts may be only the beginning
Mark Zuckerberg says that laying off 13% of Meta's workforce is a "sad moment" — and analysts predict more cuts are coming as ad revenues continue to crumble.
Apple stocks rising fast as other Big Tech firms fall hard
Following its quarterly earnings report, Apple has seen its stocks go up 7% — and seemingly rising — while all other Big Tech firms have seen steep declines.
Meta lashes out about Apple's new charge for social media boosts
Facebook's parent company Meta has spoken out against Apple's newly updated App Store rules that require apps to pay a cut of social media boost revenue.
Mike Wuerthele
Andrew Orr
Mike Peterson
