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The Latest Breaking News from Mark Zuckerberg

Meta's Reality Labs lost $13.7 billion in 2022—and just reported its worst quarter ever

CEO Mark Zuckerberg said the metaverse remains one of the company's top priorities.

Fortune

The professor who wrote the book on digital surveillance says that Elon Musk's Twitter takeover means our political stability, health and sanity come down to one man: 'I regard this as fundamentally intolerable'

Shoshana Zuboff calls Musk and Zuckerberg "information oligarchs" and thinks decision-making power lying with a few top-ranked executives can threaten democracy.

Fortune

Donald Trump’s Truth Social posts bode ill for his return to Facebook

As Trump was reinstated, Meta’s Nick Clegg stressed ‘guardrails’ were in place. He could soon find them tested

The Guardian - UK

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Meta's big money grab: Trump is the key

Trump's half-literate, racist lies are a traffic bonanza on social media, so of course they want him back

Salon

5 takeaways from the massive layoffs hitting Big Tech right now

Some 200,000 tech jobs have been lost in what is seen as one of the sharpest downturns in the tech industry's history. Here is what you need to know about the mass layoffs in Silicon Valley.

WEKU

Trump’s Facebook and Instagram ban to be lifted, Meta announces

Ex-president to be allowed back ‘in coming weeks … with new guardrails in place’ after ban that followed January 6 attack

The Guardian - US

Exclusive: Facebook to reinstate Trump

The decision will end a two-year ban and allow Trump to post and raise money using the platforms.

Axios

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'I take full responsibility': Why CEOs like Zuckerberg and Pichai are all using the same language around layoffs

Despite looking like a noble move, experts say that blanket accountability statements could actually make staff feel "disappointment, anger and betrayal".

Fortune

Tesla, JPMorgan, and Meta are among companies that face ‘key-person’ risk

Boards have to be wary of “key-person risk.” Here’s what top directors can do to break up a codependent relationship between a company and a star executive.

Fortune

Why Zuckerberg should face the threat of jail

The UK government is about to do something that will make Silicon Valley shudder, or at least make social media executives think twice about flying over British airspace.

Bangkok Post

Meta’s decision on Donald Trump is looming. Will he return to Facebook?

The ex-president was banned after the Capitol riots in 2021. Will his return rile social media’s ‘cauldron of extremism’?

The Guardian - US

Apple Tails Meta Into The Metaverse – Plans To Launch Reality Pro VR Headset This Fall

Apple is ready to launch its first mixed reality headset after years of development, as the tech giant follows Meta's Oculus.

Zenger

Job cuts and falling shares: how did it all go so wrong for the US tech sector?

As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley

The Guardian - UK

The Winklevoss twins are in another mess—and it has to do with crypto

“The idea in your head that you can quietly hide in your ivory tower and that this will all just magically go away, or that this is someone else’s problem, is pure fantasy,” Cameron Winklevoss wrote to former friend Barry Silbert.

Fortune

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The Independent UK

EXPLAINER: What is the metaverse and how will it work?

The term “metaverse” is the latest buzzword to capture the tech industry’s imagination

Zenger

Trump Returning To Facebook? Zuckerberg’s Meta To Reportedly Decide In Coming Weeks

Mark Zuckerberg-led Meta Platforms Inc is reportedly deliberating on whether to let back former President Donald Trump on in.

Fortune

Cameron Winklevoss gives crypto baron one week to come up with a $1 billion solution to make his Gemini customers whole

Winklevoss and his identical twin brother first rose to prominence through their lawsuit against Mark Zuckerberg, who they claimed stole their idea for Facebook.

Bangkok Post

Big tech back to real tech in 2023

The tech bubble has finally popped. Big Tech's expansion during the pandemic sparked a rush of over-hiring and preposterous valuations among tech startups, leading to a sharp correction at the end of 2022.

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news in one place.

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Reason

Charity and Capitalism Are Better Than Government

When I was young, I assumed government would lift people out of poverty. But those policies often do more harm than good.

Evening Standard

World’s richest tech execs lose over $400 billion in 2022

Elon Musk’s wealth has been the hardest hit this year, losing over $140 billion

Daily Mirror

WhatsApp to stop working on 49 smartphone models TODAY leaving millions without app

Users with older iPhones and Androids handsets will need to get an upgrade after December 31 in order to use WhatsApp going into the New Year

Inverse

Sorry, 'metaverse' is the word of the year whether you like it or not

Thanks to brands like Fortnite, Meta, and Roblox, the metaverse is making an obvious impact on the way we socialize, shop, and play.

Zenger

Meta Employees Undermine Zuckerberg’s Metaverse Strategy

Meta employees are expressing discontent with Mark Zuckerberg and his metaverse strategy on anonymous jobs forums such as Blind.

The Independent UK

Facebook parent Meta will pay $725M to settle user data case

Facebook’s corporate parent has agreed to pay $725 million to settle a lawsuit alleging the world’s largest social media platform allowed millions of its users’ personal information to be fed to Cambridge Analytica

WEKU

Facebook parent Meta will pay $725M to settle a privacy suit over Cambridge Analytica

The proposed settlement is a result of revelations that the information of up to 87 million people may have been improperly shared with the data analytics firm that worked for political campaigns.

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