Meta paid CEO Mark Zuckerberg $2.3 million for private jet travel in 2022 amidst laying off employees
1 year, 8 months ago

Meta paid CEO Mark Zuckerberg $2.3 million for private jet travel in 2022 amidst laying off employees

India Today  

Meta CEO Mark Zuckerberg made headlines last month when it was announced that Meta would be laying off another 10,000 employees. And now, as per a Business Insider report, Meta, in a proxy statement filed on Friday, disclosed that it spent nearly USD 2.3 million in 2022 on Mark Zuckerberg's private jet travel. Meta CEO's private jet expenses A previous report by the publication had also stated that Mark Zuckerberg's private jet had made 28 trips in less than two months in October 2022. In 2020, the expenses of Mark Zuckerberg's private jet travel were USD 1.8 million, while in 2021, the amount dropped to USD 1.6 million.

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Meta donates $1 million to Trump's inauguration fund
Top News
1 week, 4 days ago

Meta donates $1 million to Trump's inauguration fund

Deccan Chronicle  

Meta donates $1 million to Trump's inauguration fund Meta, the parent company of Facebook and Instagram, said it has donated $1 million to President-elect Donald Trump's inauguration fund. Stephen Miller, who has been appointed deputy chief of staff for Trump’s second term, has said that Zuckerberg, like other business leaders, wants to support Trump’s economic plans. Google donated $285,000 each …

Meta donates $1 million to Trump’s inauguration fund
Top News
1 week, 4 days ago

Meta donates $1 million to Trump’s inauguration fund

Associated Press  

NEW YORK — Meta, the parent company of Facebook and Instagram, said it has donated $1 million to President-elect Donald Trump’s inauguration fund. Stephen Miller, who has been appointed deputy chief of staff for Trump’s second term, has said that Zuckerberg, like other business leaders, wants to support Trump’s economic plans. Google donated $285,000 each to Trump first inaugural and …

Mark Zuckerberg’s Meta donates $1m to Trump’s inaugural fund in latest attempt to rebuild bridges
Trending News
1 week, 5 days ago

Mark Zuckerberg’s Meta donates $1m to Trump’s inaugural fund in latest attempt to rebuild bridges

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Meta CEO Mark Zuckerberg has reportedly donated $1m to Donald …

Mark Zuckerberg’s Meta donates $1 million to Trump’s inaugural fund
1 week, 5 days ago

Mark Zuckerberg’s Meta donates $1 million to Trump’s inaugural fund

Live Mint  

Meta Platforms has donated $1 million to president-elect Donald Trump’s inaugural fund, the latest step by CEO Mark Zuckerberg to bolster his once-fraught relationship with the incoming president. Zuckerberg and his advisers met with Sen. Marco Rubio, Trump’s nominee for secretary of state, as well as with three senior incoming White House advisers: Stephen Miller, Vince Haley and James Blair. …

Mark Zuckerberg's Meta donates $1 million to Donald Trump’s inaugural fund: Report
1 week, 5 days ago

Mark Zuckerberg's Meta donates $1 million to Donald Trump’s inaugural fund: Report

Hindustan Times  

Mark Zuckerberg's Meta has donated $1 million to President-elect Donald Trump’s inaugural fund, CNN reported, citing confirmation from the company. US President Trump late Thursday posted a picture on Facebook and Twitter showing him shaking hands with Facebook CEO Mark Zuckerberg, but didn’t share details of their conversation on Wednesday. Zuckerberg-Trump relations Mark Zuckerberg and Donald Trump have had a …

Meta donates $1 million to Trump’s inaugural fund in latest step to mend relationship
1 week, 6 days ago

Meta donates $1 million to Trump’s inaugural fund in latest step to mend relationship

CNN  

New York CNN — Meta has donated $1 million to President-elect Donald Trump’s inaugural fund, the company confirmed to CNN. In an interview over the summer, the Facebook founder said Trump’s reaction to a July assassination attempt was “badass.” “Seeing Donald Trump get up after getting shot in the face and pump his fist in the air with the American …

Want to work at Meta? Average salary package in Mark Zuckerberg's company is…
7 months, 3 weeks ago

Want to work at Meta? Average salary package in Mark Zuckerberg's company is…

Hindustan Times  

Big companies often get highlighted for the huge compensations that they offer and the perks one gets while working for them. Meta's CEO Mark Zuckerberg testifies during the Senate Judiciary Committee hearing at the US Capitol, in Washington, US. CEO Mark Zuckerberg said earlier this year that working at Meta is not easy even if it offers such lucrative packages. …

Meta reports revenue jump as Zuckerberg sees stock volatility over AI plans
7 months, 4 weeks ago

Meta reports revenue jump as Zuckerberg sees stock volatility over AI plans

The Hindu  

Meta on Wednesday reported quarterly revenue of $36.46 billion, up by 27%, when compared to last year, as CEO Mark Zuckerberg hailed the company’s AI product releases and stressed on his aim to share them with more customers and begin monetising the offerings. Zuckerberg pointed out that the new Meta AI chatbot, powered by the company’s open source and most …

Mark Zuckerberg's wealth plunges after Meta shares sink 13% in one day
7 months, 4 weeks ago

Mark Zuckerberg's wealth plunges after Meta shares sink 13% in one day

Daily Mail  

Meta shares crashed in after-hours trading Wednesday after the company warned profits will slip over the summer. Meta says it will see second quarter revenue between $36.5 and $39 billion. Shares were also hit after Meta said it expects overall expenses this year to be higher than it previously forecast - as the Facebook parent spends heavily to roll out …

Mark Zuckerberg loses USD 3 billion after Meta outage: Shocking details here
9 months, 2 weeks ago

Mark Zuckerberg loses USD 3 billion after Meta outage: Shocking details here

India TV News  

Mark Zuckerberg, the CEO of Meta experienced a substantial loss of around USD 3 billion in a single day after the global outage surfaced and affected the company's flagship platforms- Facebook and Instagram. The outage resulted in a 1.6 per cent decrease in Meta’s share, contributing to the breakage of Mark Zuckerberg's net worth. Global outage impact on Meta Users …

Mark Zuckerberg becomes $27 billion richer as Meta stock rallies; net worth surpasses Bill Gates
10 months, 3 weeks ago

Mark Zuckerberg becomes $27 billion richer as Meta stock rallies; net worth surpasses Bill Gates

Hindustan Times  

Facebook co-founder and Meta CEO Mark Zuckerberg made a comeback in the top four of the billionaire's list as he became over $27 billion richer on Friday with Meta's quarterly profits exceeding the expectations of Wall Street. Meta's CEO Mark Zuckerberg After releasing the company's quarterly results, Meta shares were up by 20 percent. With a significant surge in his …

Zuckerberg announces $50bn payout for Meta shareholders amid child safety concerns
10 months, 3 weeks ago

Zuckerberg announces $50bn payout for Meta shareholders amid child safety concerns

The Telegraph  

Mark Zuckerberg’s Meta will pay up to $50bn to shareholders after it posted record revenues, sending profits soaring by 200pc. Quarterly profits climbed threefold to $14bn as Meta’s advertising sales staged a marked recovery after it implemented sweeping layoffs last year in a drastic effort to cut costs. Mr Zuckerberg also announced the social network giant, which turns 20 this …

Meta reports “good” quarter after revenue growth, launch of Threads and AI products
1 year, 1 month ago

Meta reports “good” quarter after revenue growth, launch of Threads and AI products

The Hindu  

Meta CEO Mark Zuckerberg noted a “good quarter” for the company’s community and business as the social media giant reported revenue growth of 23% year-over-year to reach $34.15 billion. Zuckerberg earlier announced that 2023 would be Meta’s year of “efficiency” and the company proceeded to lay off hundreds of workers across its tech and business divisions. “I’m proud of the …

Meta CEO Mark Zuckerberg's net worth surges over $10 billion after strong results, 2 layoff rounds
1 year, 7 months ago

Meta CEO Mark Zuckerberg's net worth surges over $10 billion after strong results, 2 layoff rounds

India TV News  

Meta founder and CEO Mark Zuckerberg's net worth surged by $10.2 billion after the company posted strong quarterly results, leading to its shares rising by nearly 14 per cent, as the company announced two rounds of layoffs impacting 21,000 employees in recent months. Meta posted revenue of $28.65 billion, an increase of 3 per cent year-over-year and beating Wall Street …

Meta employees question CEO Mark Zuckerberg for paying bonuses up to Rs 7 crore during company-wide layoffs
1 year, 7 months ago

Meta employees question CEO Mark Zuckerberg for paying bonuses up to Rs 7 crore during company-wide layoffs

India Today  

Meta has announced its decision to lay off as many as 21,000 people till now. This did not go down well with many Meta employees who reportedly called out CEO Mark Zuckerberg for handing out large bonuses to some employees amidst layoffs at the company. Meta employees question Mark Zuckerberg According to a report in the Wall Street Journal, Mark …

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, …

Mark Zuckerberg fires 10,000 Meta employees in fresh layoffs: Here is full text of his memo
1 year, 9 months ago

Mark Zuckerberg fires 10,000 Meta employees in fresh layoffs: Here is full text of his memo

India Today  

Meta CEO Mark Zuckerberg announced second round of layoffs on Tuesday. Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates. As I’ve talked about efficiency this year, I’ve said that part of our work will involve removing …

Meta plans fresh layoffs, delays setting team budgets: Report
1 year, 10 months ago

Meta plans fresh layoffs, delays setting team budgets: Report

Hindustan Times  

Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. Earlier this month, Meta announced that it expects its 2023 expenses at between $89 billion and $95 billion, with CEO Mark Zuckerberg calling the period a "Year of Efficiency." In recent weeks …

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 …

Zuckerberg's Meta gearing up for more layoffs? This report suggests so
1 year, 10 months ago

Zuckerberg's Meta gearing up for more layoffs? This report suggests so

Hindustan Times  

Meta CEO Mark Zuckerberg has reportedly announced that he is not in favour of “managers managing managers, managing managers, managing managers, managing the people who are doing the work”. According to the weekly newsletter Command Line from The Verge’s Alex Heath, Zuckerberg hinted at more layoffs in middle management during an internal Q&A meeting last week. Earlier in January, the …

After Meta Layoffs, Its Shares See Nearly 21% Jump; Average Ticket Size Increases 35%
2 years, 1 month ago

After Meta Layoffs, Its Shares See Nearly 21% Jump; Average Ticket Size Increases 35%

News 18  

Meta Shares Recover 21% After Layoffs: As the macroeconomic downturn, increased competition and ads signal loss have hit Meta’s revenue, its shares remained under pressure since the start of this year and have witnessed a continuous fall. However, after the reports of Meta layoffs start doing the round, the company’s shares begin recovering and the average ticket size that investors …

Mark Zuckerberg Confirms Meta Layoffs, Lets Go Of 11,000 Employees; Read Full Letter Here
2 years, 1 month ago

Mark Zuckerberg Confirms Meta Layoffs, Lets Go Of 11,000 Employees; Read Full Letter Here

News 18  

Mark Zuckerberg, CEO of Facebook’s parent company Meta, on Wednesday confirmed the layoffs by the company. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. HERE’S MARK ZUCKERBERG’S FULL LETTER TO EMPLOYEES Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve …

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 …

Meta investors call Zuckerberg's metaverse project 'terrifying': Report
2 years, 1 month ago

Meta investors call Zuckerberg's metaverse project 'terrifying': Report

Hindustan Times  

Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter. Investors rushed to dump Meta Platforms Inc's stock after hours, pushing it down 20% and wiping $67 billion off its market value after the company posted its …

Investors punish Zuckerberg as costly metaverse pitch falls flat
2 years, 1 month ago

Investors punish Zuckerberg as costly metaverse pitch falls flat

The Hindu  

Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter. The Facebook-parent said its overall expenses could rise as much as 16% next year and anticipates that operating losses at Reality Labs - the unit responsible for …

Mark Zuckerberg hints at lay offs at Meta in future, feels there are many employees doing nothing
2 years, 4 months ago

Mark Zuckerberg hints at lay offs at Meta in future, feels there are many employees doing nothing

India Today  

Meta is bracing for a tough quarter ahead. Recently, its CEO, Mark Zuckerberg, made it very clear that Meta has some, if not many workers, who probably don't belong at the company. As pointed out by The Verge, Zuckerberg, in an internal call with employees, even went ahead to cancel Meta Days -- extra vacation days for employees introduced during …

Mark Zuckerberg and his wife sold their San Francisco house for a whopping $31 million
2 years, 4 months ago

Mark Zuckerberg and his wife sold their San Francisco house for a whopping $31 million

India Today  

It is not wrong to imagine that the leaders of the big tech companies wallow in luxury. Meta CEO Mark Zuckerberg, who possesses some of the most expensive things in the world, sold his San Francisco house for a whopping $31 million. The exact reason behind selling the house has not been revealed yet but it was reported that the …

Mark Zuckerberg loses another $2 billion in net worth as Facebook stock continues to slide
2 years, 10 months ago

Mark Zuckerberg loses another $2 billion in net worth as Facebook stock continues to slide

Daily Mail  

Facebook stock has ended its sharp sell-off, after CEO Mark Zuckerberg lost some $30 billion in net worth, while Jeff Bezos saw his wealth soar by $20 billion as Amazon stock surged. Facebook stock has ended its sharp sell-off, after CEO Mark Zuckerberg lost some $30 billion in net worth Facebook parent Meta's stock ended Friday's session at $237.09, roughly …

Facebook owner Meta to lift veil off its metaverse business
2 years, 10 months ago

Facebook owner Meta to lift veil off its metaverse business

The Hindu  

Since October, Facebook has renamed the company, articulated a vision of the internet where people can digitally connect through virtual-reality avatars or teleport to see places like ancient Rome, and helped trigger the metaverse investment craze. Meta plans to break out the results of its augmented and virtual-reality hardware unit, Reality Labs, for the first time,an investment the company previously …

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