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The Latest Breaking News from Mark Zuckerberg

Meta just gave thousands of employees poor performance reviews that could clear the way for more layoffs during its 'Year of Efficiency'

Threat comes after 11,000 workers lost their jobs in November.

Fortune

Afternoon Update: the electorates where it’s hardest to find a bulk-billing GP; Brisbane’s new Olympic arena; and Bruce Willis has dementia

New data reveals the extend of Medicare’s woes across the country

The Guardian - AU

Meta to pay more for Mark Zuckerberg’s personal security amid job losses

Spend increases by 40% to $14m after dismissing 11,000 employees

The Guardian - UK

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Meta Plans Fresh Job Cuts To Kick Off ‘Year Of Efficiency’

Meta, which let go of 11,000 employees back in November, is considering another round of layoffs

Zenger

Republican regulator rips Lina Khan in ‘noisy exit,’ accuses ‘hipster antitrust’ boss of breaking the law by having opinions on Mark Zuckerberg

Khan once wrote that Zuckerberg should never be allowed to make another acquisition. Now we know the strength of internal dissent over that.

Fortune

Overconfident tech CEOs have overpaid for ‘box tickers’ and ‘taskmasters.’ Here’s why the real ‘creators’ will survive the mass layoffs

At excessive numbers, the box tickers and taskmasters tip into "busywork" and create more unnecessary work for the “creators.”

Fortune

Meta employees are reportedly bracing for more layoffs amid delays to finalized budgets: ‘It’s still a mess’

“The year of efficiency is kicking off with a bunch of people getting paid to do nothing," one Meta employee told the FT.

Fortune

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Commentary: Facebookopoly

The recent news is that Facebook’s parent, Meta, had record earnings that have driven the stock up over 20% in trading. In the world of social media, Facebook is ubiquitous. Coming from humble beginnings as a Harvard student’s pet project, it’s now expanded to 2.89 billion users worldwide, making it…

Tribune News Service

Meta to buy VR startup Within after favorable court ruling

A federal judge has sided with Facebook parent Meta and cleared the way for the company to buy virtual reality startup Within Unlimited, the maker of the popular fitness app Supernatural

The Independent UK

Why Reels is Mark Zuckerberg's biggest math problem

This is happening as the company announced short-form video from viral creators as a key part of its growth.

Fortune

Tech giants are pivoting to a 'Year of Efficiency'

The year ahead will be all about refocusing on priorities for tech giants.

Fortune

Meta Shares Soar Most Since 2013 on Zuckerberg’s Vision

Meta Platforms Inc. is headed for its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive.

Tribune News Service

Mark Zuckerberg and Wall Street are finally meeting in the middle on the metaverse

The Meta chief executive satisfied investors Wednesday by pledging to trim costs, but he’s still all-in on Reality Labs.

Fortune

Meta may have spent at least $88,000 per person when it laid off 11,000 in 2022. This year could see even more job cuts

And those aren’t even the costliest recent tech layoffs.

Fortune

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Asharq Al-Awsat

Meta Reports Sales Fall, but Beats Expectations

Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring. The social media giant said sales dropped one percent to $116.6 billion in 2022, while it also…

Fortune

The White House just came around to Elon Musk's point about Apple's 'secret 30% tax on everything.'

Tech CEOs, like Mark Zuckerberg and Elon Musk, have long grumbled about the 30% cut developers pay to Apple and Google.

Tribune News Service

Meta shares soar as Zuckerberg ushers in ‘year of efficiency’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg struck a new tone with investors Wednesday: The social media giant will be leaner, more efficient and more decisive, with a big assist from artificial intelligence.

Tribune News Service

Meta soars after sales beat, rosy forecast as Facebook grows

Meta Platforms Inc. posted quarterly sales that topped estimates, gave a rosy revenue forecast and indicated Facebook and Instagram still have room to grow, signaling it’s on course for a turnaround after its most difficult year.

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The Guardian - US

Meta earnings drop by less than expected with boost from Reels

Parent company of Facebook and Instagram reports $32bn in revenue for fourth quarter, prompting rise in stock price

Fortune

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.

The Guardian - UK

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

Salon

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

WEKU

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.

The Guardian - US

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

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