Zuckerberg's Meta to sell Kustomer business software to cut costs? It says…
1 year, 9 months ago

Zuckerberg's Meta to sell Kustomer business software to cut costs? It says…

Hindustan Times  

Meta Platforms Inc said on Friday it is exploring strategic alternatives for customer service company Kustomer that it acquired in a process ending last year. "We are currently exploring strategic alternatives for Kustomer and will continue to support Kustomer's product and customer base throughout this process," the Facebook owner said in an emailed statement to Reuters, without providing additional details on the alternatives. The Wall Street Journal, which first reported the news on Friday, said Meta is planning to divest Kustomer as it looks to looks to refocus on its core business, citing the company and people familiar with the planned deal. Meta has made the decision to focus on its fastest growing business messaging offerings, including the monetization opportunity for WhatsApp in light of the company's "efficiency efforts," the company said.

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History of this topic

Meta Reports Strong Q3 Results with Record Revenue and Net Income
1 month, 3 weeks ago

Meta Reports Strong Q3 Results with Record Revenue and Net Income

China Daily  

Meta Platforms reports strong financial results for the third quarter, with revenue and net income increasing year-on-year. The company's family daily active people (DAP) also increased, indicating strong user growth. Meta expects fourth quarter 2024 revenue to be in the range of $45 billion to $48 billion, with full-year 2024 expenses in the range of $96 billion to $98 billion. …

Meta CEO Mark Zuckerberg believes having hobbies and free time makes going back to work easier
4 months, 2 weeks ago

Meta CEO Mark Zuckerberg believes having hobbies and free time makes going back to work easier

India Today  

We're seeing a new side of Mark Zuckerberg, or we can call it Zuckerberg 2.0. In a recent interview with Bloomberg, Zuckerberg revealed that lately, he's been enjoying a lot of activities in his free time, including farming cattle, practising jiu-jitsu, and wakesurfing. While Zuckerberg is sharing a sneak peek into his rich billionaire life and navigating a personal transformation, …

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter
4 months, 3 weeks ago

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter

The Hindu  

Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter, signalling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments. "Any apprehensions investors may have had about Meta's spending on AI and the metaverse are likely to be allayed by this quarter's …

Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours
4 months, 3 weeks ago

Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours

Associated Press  

SAN FRANCISCO — Investments in artificial intelligence will account for a significant increase in Facebook parent company Meta’s expenses in the coming year, but stronger-than-expected revenue from its advertising business was enough to reassure investors that its business is on the right track. “And unlike Google, which is grappling with making changes that will impact its core ad business, most …

Elon Musk says Mark Zuckerberg's Meta is being 'super greedy' because…
7 months, 1 week ago

Elon Musk says Mark Zuckerberg's Meta is being 'super greedy' because…

Hindustan Times  

Tesla and SpaceX CEO Elon Musk openly criticised Mark Zuckerberg's Meta, formerly known as Facebook, for being excessively “greedy”. Meta CEO Mark Zuckerberg, left, and Tesla and SpaceX CEO Elon Musk are seen. Another follower of Elon Musk also said that Meta would eventually need to revise its attribution model to provide advertisers with more accurate data. This comes amid …

Elon Musk takes a jab at Mark Zuckerberg: Says Instagram ’pretty much’ OnlyFans
1 year, 1 month ago

Elon Musk takes a jab at Mark Zuckerberg: Says Instagram ’pretty much’ OnlyFans

Live Mint  

Elon Musk has taken another swipe at Mark Zuckerberg's Instagram. Long time back-and-forth X owner Musk's beef with Zuckerberg's social media sites is well documented but especially came to a head when the latter announced a new site ‘Threads’ as a counter to Twitter for users looking to skip paid services and chasing the ‘old Twitter’ vibes. The app garnered …

Meta Q3 Results: Facebook parent beats revenue, profit estimates
1 year, 1 month ago

Meta Q3 Results: Facebook parent beats revenue, profit estimates

Live Mint  

Meta Platforms, the owner of social media platforms Facebook and Instagram, beat expectations for third-quarter profit and revenue on Wednesday led by a recovery in digital advertising spending. Meta, which also owns WhatsApp, reported a 23% rise in revenue to $34.15 billion for the quarter ended September, growing at the quickest pace in two years. The company forecast 2024 spending …

WhatsApp Business crosses 200 million monthly active users globally, introduces new customer connection tools
1 year, 5 months ago

WhatsApp Business crosses 200 million monthly active users globally, introduces new customer connection tools

India TV News  

WhatsApp Business, owned by Meta, has experienced significant growth, reaching over 200 million monthly active users globally, compared to 50 million in 2020. The new feature allows businesses to send personalized messages including the customer's name and customizable call-to-action buttons to specific customer lists. Furthermore, the company has announced plans to enable small businesses worldwide, which primarily operate through the …

Facebook Owner Meta Slashes Business Workforce In Final Round Of Layoffs
1 year, 6 months ago

Facebook Owner Meta Slashes Business Workforce In Final Round Of Layoffs

ABP News  

Owner of Facebook, Meta Platforms Inc, cut jobs across its business and operations units on Wednesday, reported by news agency Reuters. Earlier this year, Meta became the first Big Tech firm to announce a second round of mass layoffs, after showing more than 11,000 employees the door in the fall. Mark Zuckerberg, CEO, Meta Inc, in March had said the …

Facebook owner Meta starts final round of layoffs
1 year, 6 months ago

Facebook owner Meta starts final round of layoffs

Live Mint  

Meta Platforms Inc on Wednesday started a fresh round of layoffs, as part of its plan to cut 10,000 jobs across all its platforms- WhatsApp, Instagram, and Facebook. In March, Mark Zuckerberg, the Chief Executive of Meta, stated that the majority of the company's layoffs in the second round would occur in three distinct phases spanning several months, with the …

Facebook parent Meta posts solid 1Q results, stock soars
1 year, 7 months ago

Facebook parent Meta posts solid 1Q results, stock soars

Associated Press  

Facebook parent company Meta’s first-quarter results surpassed Wall Street’s modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. “We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision.” Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per …

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump
1 year, 7 months ago

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump

The Telegraph  

Shares in Facebook’s parent company Meta soared last night as it broke a losing streak to post its first rise in sales in a year. However, profits fell by 24pc and the company revealed a big drop in sales at its virtual reality division, showing that Mark Zuckerberg’s expensive bet on the metaverse is stuttering. The company’s overall revenue rise, …

Layoffs to continue at Meta; job cuts in Facebook, WhatsApp, Instagram: Report
1 year, 8 months ago

Layoffs to continue at Meta; job cuts in Facebook, WhatsApp, Instagram: Report

Hindustan Times  

Meta Platforms Inc. is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg’s goal of greater efficiency. The Facebook parent company notified managers to prepare to announce job cuts on Wednesday, via a memo seen by Bloomberg News. It indicates Facebook, WhatsApp, Instagram and Reality Labs — which houses the firm’s virtual …

A 2nd wave of layoffs at Meta; 10,000 jobs are cut
1 year, 9 months ago

A 2nd wave of layoffs at Meta; 10,000 jobs are cut

Associated Press  

Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The Menlo Park, company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups …

Meta layoffs: Facebook to cut 10,000 more employees, Mark Zuckerberg says
1 year, 9 months ago

Meta layoffs: Facebook to cut 10,000 more employees, Mark Zuckerberg says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Zuckerberg said the layoffs were part of a “restructuring” and Meta’s “year of efficiency”. “It will …

Why Zuckerberg's Meta has undertaken second round of layoffs slashing 10k jobs?
1 year, 9 months ago

Why Zuckerberg's Meta has undertaken second round of layoffs slashing 10k jobs?

Hindustan Times  

Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months. As part of those efforts, Meta is flattening the organization, canceling lower priority projects and slowing hiring, Chief Executive Officer Mark Zuckerberg said in a statement on Tuesday. But Zuckerberg …

Facebook parent Meta to cut 10,000 jobs: Report
1 year, 9 months ago

Facebook parent Meta to cut 10,000 jobs: Report

Hindustan Times  

Mark Zuckerberg's Meta has decided to undertake another mass-layoffs downsizing its workforce by 10,000 employees. Meta In an email to employees on Tuesday, Meta CEO Zuckerberg stated that the company will conduct multiple rounds of job cuts in the coming months, as well as cancel some projects and reduce hiring rates, a report from The Wall Street Journal said. Notably, …

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'
1 year, 9 months ago

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'

NPR  

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency' Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Facebook's parent company Meta is laying off another 10,000 workers, or roughly 12% of its workforce, in order to cut costs and shore up efficiency, CEO Mark Zuckerberg announced Tuesday. The world economy changed, competitive pressures grew, and our growth …

Meta creates new product group for generative AI
1 year, 9 months ago

Meta creates new product group for generative AI

The Hindu  

Meta CEO Mark Zuckerberg announced on Tuesday the creation of a “new top-level product group” at Meta that aims to “turbocharge” the company’s work in the generative AI space. Mr. Zuckerberg explained that different Meta teams working on generative AI would be streamlined to make a single group that will build “delightful experiences” for users while being powered by the …

Meta launches paid subscription: What will it offer and who will benefit?
1 year, 10 months ago

Meta launches paid subscription: What will it offer and who will benefit?

Firstpost  

The new service will cost $11.99 a month for users who sign up via the Internet and $14.99 for those using mobile apps. The subscription will be voluntary and only users who are over the age of 18 will be allowed to subscribe San Francisco: Meta platform users will soon be able to follow in Twitter denizens’ footsteps in affixing …

Meta posts upbeat outlook, plans $40 billion buyback
1 year, 10 months ago

Meta posts upbeat outlook, plans $40 billion buyback

Live Mint  

BY SALVADOR RODRIGUEZ | UPDATED 2月 01, 2023 06:12 晚上 EST Social-media giant plans to buy back additional $40 billion in shares, says its costs are set to decline and its global users increased Facebook parent Meta Platforms Inc. reported improving conditions in its underlying business and said it would buy back an added $40 billion in shares, a turnabout …

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles
1 year, 10 months ago

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles

Live Mint  

Is Facebook and Instagram owned Meta planning another round of layoffs? Its founder and CEO Mark Zuckerberg's recent comments on managers has raised eyebrows and apprehensions of phase 2 of pink slips coming soon. After laying off 11,000 employees from his company Zuckerberg still thinks many layers of management are a waste of resource and the managers who build big …

Meta CEO Mark Zuckerberg takes witness stand in FTC case
2 years ago

Meta CEO Mark Zuckerberg takes witness stand in FTC case

Associated Press  

SAN JOSE, California — Mark Zuckerberg, the CEO of Facebook’s parent company Meta, took the witness stand Tuesday in a trial over U.S. antitrust regulators’ effort to stop the tech giant from buying a virtual reality startup called Within Unlimited. If the deal is allowed to go through, the Federal Trade Commission argues, it would violate antitrust laws and dampen …

Meta CEO Mark Zuckerberg testifies in FTC case to block virtual-reality deal
2 years ago

Meta CEO Mark Zuckerberg testifies in FTC case to block virtual-reality deal

Live Mint  

Facebook parent Meta Platforms Inc. CEO Mark Zuckerberg took the witness stand Tuesday in a case in which the Federal Trade Commission is seeking to prevent the social-media company from acquiring a virtual-reality startup. The FTC is seeking an injunction blocking Meta’s planned acquisition of Within Unlimited Inc., the company behind the popular virtual-reality fitness game “Supernatural." Mr. Zuckerberg said …

After laying-off 11,000 employees, Meta discontinues these hardware products
2 years, 1 month ago

After laying-off 11,000 employees, Meta discontinues these hardware products

Hindustan Times  

Meta has decided to kill its Portal video calling smart displays and its two unreleased smartwatch projects as additional belt tightening measure after firing about 11,000 employees couple of days ago. According to Reuters, "Meta Platforms is exiting its Portal smart display business and will wind down work on smartwatch projects, executives said on Friday during an employee townhall meeting.” …

WhatsApp, Facebook And Other Meta Companies To Fire 11,000; Read Letter From Mark Zuckerberg Here
2 years, 1 month ago

WhatsApp, Facebook And Other Meta Companies To Fire 11,000; Read Letter From Mark Zuckerberg Here

News 18  

Social media giant Meta, that owns WhatsApp, Facebook, Instagram and other companies have announced a massive round of layoffs. Here’s the full letter by Mark Zuckerberg to employees working at Meta companies. We’ve shifted more of our resources onto a smaller number of high priority growth areas — like our AI discovery engine, our ads and business platforms, and our …

Facebook owner Meta lays off 13% of its employees, announces hiring freeze for Q1
2 years, 1 month ago

Facebook owner Meta lays off 13% of its employees, announces hiring freeze for Q1

The Hindu  

Meta, in a blog post, on Wednesday shared that it will be firing 13% of its workforce around 11,000 employees. In a direct message to employees, Meta CEO Mark Zuckerberg said that staff reductions will be made across the company’s family of apps and Reality Labs. Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown …

Mass layoffs at Facebook, Instagram, WhatsApp start today: All you need to know
2 years, 1 month ago

Mass layoffs at Facebook, Instagram, WhatsApp start today: All you need to know

Live Mint  

Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, plans to start mass layoffs on November 9 as part of a cost-cutting strategy in response to dismal profitability and a decline in sales, people with knowledge of the situation have claimed. Late in September, Chief Executive Officer Mark Zuckerberg informed staff that Meta planned to reduce spending and reorganise …

Facebook parent company Meta will lay off 11,000 employees
2 years, 1 month ago

Facebook parent company Meta will lay off 11,000 employees

CNN  

New York CNN Business — Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” CEO Mark Zuckerberg wrote in a blog post to employees. “I’ve decided to reduce the size of …

Meta Facebook layoff firing mass lay off twitter elon musk q3 earnings mark zuckerberg
2 years, 1 month ago

Meta Facebook layoff firing mass lay off twitter elon musk q3 earnings mark zuckerberg

ABP News  

San Francisco: After mass layoffs at Twitter, it is another Big Tech company's turn as the Mark Zuckerberg-led Meta is reportedly set to lay off 'thousands' of employees this week. The company declined to comment, referring to Zuckerberg's recent statement that the company would "focus our investments on a small number of high priority growth areas." In June, Meta's chief …

Facebook parent Meta plans large-scale layoffs this week: report
2 years, 1 month ago

Facebook parent Meta plans large-scale layoffs this week: report

The Hindu  

Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week, U.S. media reported on November 6. The Wall Street Journal, citing people familiar with the matter, reported that the layoffs could impact "many thousands" of Meta employees and that an announcement was expected as soon as November 9. …

After Twitter, Facebook Parent Meta Is Preparing Large-scale Layoffs Soon
2 years, 1 month ago

After Twitter, Facebook Parent Meta Is Preparing Large-scale Layoffs Soon

News 18  

Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Facebook parent Meta in October forecasted a weak holiday quarter and significantly more costs next year wiping about $67 billion off Meta's …

Column: Meta and Twitter show the drawbacks of giving self-satisfied billionaires too much power
2 years, 1 month ago

Column: Meta and Twitter show the drawbacks of giving self-satisfied billionaires too much power

LA Times  

Meta CEO Mark Zuckerberg announces the new name for his company, formerly Facebook, in October 2021. Back in the prehistoric era — in 2012, when Facebook staged one of the most hyped initial public stock offerings of all time — I warned the company’s newly minted shareholders that they had become wedded to Mark Zuckerberg. The stock reached its all-time …

Meta CEO Mark Zuckerberg to testify in US case against Facebook’s VR deal
2 years, 1 month ago

Meta CEO Mark Zuckerberg to testify in US case against Facebook’s VR deal

Live Mint  

Meta Platforms Inc Chief Executive Officer Mark Zuckerberg to testify in a case by the Federal Trade Commission that argues the company's proposed deal to buy virtual reality content maker Within Unlimited should be blocked. In a court document filed with US District Court Northern District Of California on Friday, the FTC listed 18 witnesses it plans to question, including …

Zuckerberg calls for patience as costs soar
2 years, 1 month ago

Zuckerberg calls for patience as costs soar

Live Mint  

Meta Platforms Inc. chief executive officer Mark Zuckerberg asked investors for patience with the social-media giant’s swelling investments in unproven bets at an already-challenging time for digital-advertising companies. On a call Wednesday, Zuckerberg sought to justify Meta’s ballooning costs to fund its version of virtual reality, the metaverse, as well as the artificial intelligence fuelling major changes to its social …

Meta's Q3 Sales Slip 4%. Mark Zuckerberg Says 3.7 Billion People Use One Of Meta's Apps Monthly
2 years, 1 month ago

Meta's Q3 Sales Slip 4%. Mark Zuckerberg Says 3.7 Billion People Use One Of Meta's Apps Monthly

ABP News  

Meta was logged a 4 per cent year-on-year revenue loss, while missing Wall Street estimates on the bottom line in the third quarter as significant metaverse investments continued to eat into earnings, reported Variety. Mark Zuckerberg, chief executive officer of Meta Platforms, in his Facebook statement said 3.7 billion people use one of Meta's apps monthly. Meta clocked total revenue …

Why Mark Zuckerberg’s Metaverse vanity project threatens to destroy Facebook
2 years, 1 month ago

Why Mark Zuckerberg’s Metaverse vanity project threatens to destroy Facebook

The Telegraph  

His push into virtual worlds is increasingly seen by investors as an expensive hobby. Meta employees have taken to calling metaverse projects “make Mark happy” or MMH, according to a report in the New York Times. Yet on Wednesday, an increasingly isolated Zuckerberg – who lost former right-hand woman Sheryl Sandberg earlier this year – insisted he was heading down …

Facebook parent Meta’s revenue, profit decline amid ad slump
2 years, 1 month ago

Facebook parent Meta’s revenue, profit decline amid ad slump

Associated Press  

Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising sales as it faces competition from TikTok’s wildly popular video app. “We’re approaching 2023 with a focus on prioritization and efficiency that will help us navigate the current environment and emerge an even stronger company.” Meta said it expects staffing levels …

Meta shareholder wants Facebook parent to cut jobs, spending
2 years, 1 month ago

Meta shareholder wants Facebook parent to cut jobs, spending

The Hindu  

Facebook-parent Meta Platforms Inc. needs to streamline by cutting jobs and capital expenditure, its shareholder Altimeter Capital Management said on Monday in an open letter to Chief Executive Mark Zuckerberg. The company has lost investor confidence as it ramped up spending and pivoted to the metaverse, the technology-focused hedge fund with a 0.1% stake said, and suggested a three-step plan. …

Meta Partners With Salesforce For Bringing Businesses On WhatsApp
2 years, 3 months ago

Meta Partners With Salesforce For Bringing Businesses On WhatsApp

News 18  

Meta Founder and CEO Mark Zuckerberg on Tuesday announced a partnership with software company Salesforce where companies on their platform can use WhatsApp business messages to answer customer questions, run marketing campaigns and sell directly in chat. The new integration will help businesses build experiences to chat with customers on WhatsApp, while being able to manage communication directly from the …

Get ready to pay for added features of WhatsApp, Facebook & Instagram: Reports
2 years, 3 months ago

Get ready to pay for added features of WhatsApp, Facebook & Instagram: Reports

Hindustan Times  

Social networking giant Meta is mulling more paid features for its platforms Facebook, Instagram and WhatsApp. The move will put Meta on the same course as other social media giants including Snap Inc and Twitter that launched paid tiers to unlock additional features. The top Meta executive pointed out that in the long term, the company saw paid features becoming …

Get ready to pay for added features of WhatsApp, Facebook & Instagram: Reports
2 years, 3 months ago

Get ready to pay for added features of WhatsApp, Facebook & Instagram: Reports

Hindustan Times  

Social networking giant Meta is mulling more paid features for its platforms Facebook, Instagram and WhatsApp. The move will put Meta on the same course as other social media giants including Snap Inc and Twitter that launched paid tiers to unlock additional features. {{^usCountry}} {{/usCountry}} The move will put Meta on the same course as other social media giants including …

As Zuckerberg bets on TikTok-style videos, Meta heads for first-ever revenue drop
2 years, 4 months ago

As Zuckerberg bets on TikTok-style videos, Meta heads for first-ever revenue drop

The Hindu  

Meta's future may lie in the metaverse, but when the company reports results on Wednesday, investors will be focused on two more immediate bets: pumping up short-video offering Reels to compete with TikTok and rebuilding its ads system after Apple throttled access to user data. Meta is also investing heavily to rebuild its ads system around its own user data, …

Facebook suffers first ever fall in revenues as advertising slows
2 years, 4 months ago

Facebook suffers first ever fall in revenues as advertising slows

The Telegraph  

Mr Zuckerberg, 38, bet big on the metaverse last year in an effort to return the company to growth. On Wednesday, the US Federal Trade Commission filed an injunction to block Meta’s purchase of Within, a virtual reality company, and accused Mr Zuckerberg of an “illegal acquisition to expand virtual reality empire”. Revenues from its WhatsApp messaging app and virtual …

Zuckerberg’s biggest bet might not pay off
2 years, 4 months ago

Zuckerberg’s biggest bet might not pay off

Live Mint  

Mark Zuckerberg will probablywish he was hydrofoiling in Hawaiion Wednesdayinstead of revealing Meta Platforms Inc.’s second-quarter earnings. Approximately 2billion people actively use WhatsApp, but in Zuckerberg’s universe it has been more of adefensive ploy andearnings voidthan amoney maker like Instagram. Butseven months later, Zuckerberg’svision had changed.He announced that the future of the internet lay inthe immersive world of the metaverse,representingthe …

Facebook founder Mark Zuckerberg delivers harsh message to employees
2 years, 5 months ago

Facebook founder Mark Zuckerberg delivers harsh message to employees

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy As tech stocks take a tumble amid a broader market downturn, Meta chief …

Meta Warns Its Employees About Hiring Slowdown Later This Year
2 years, 5 months ago

Meta Warns Its Employees About Hiring Slowdown Later This Year

News 18  

Meta, formerly Facebook, has warned employees to expect a tough second half of the year as the tech giant continues to weather challenges related to its core online advertising business amid a weakening economy. A spokesperson confirmed to CNBC that Meta chief product officer Chris Cox detailed the company’s financial dilemma in an internal memo that detailed key areas where …

Mark Zuckerberg thinks a billion people will join him in the metaverse
2 years, 6 months ago

Mark Zuckerberg thinks a billion people will join him in the metaverse

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Mark Zuckerberg has predicted that a billion people will join his virtual reality …

Facebook’s parent company Meta tells hardware staffers to prepare for cutbacks
2 years, 7 months ago

Facebook’s parent company Meta tells hardware staffers to prepare for cutbacks

The Hindu  

Facebook-owner Meta Platforms Inc is preparing cutbacks in its Reality Labs division, a unit at the centre of the company's strategy to refocus on hardware products and the "metaverse," a spokesperson confirmed to Reuters on Wednesday. The world's biggest social media company last month told investors that it would scale back costs in 2022, following a drop in Facebook users …

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