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The Latest Breaking News from Meta

Cred founder Kunal Shah will join WhatsApp as its global head after Meta announced a nearly $900 million investment in the fintech firm. This and more in today’s ETtech Top 5.

The Economic Times

Kunal Shah named WhatsApp global CEO as Meta takes $900 million stake in Cred

Meta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 million in secondary sale of shares by existing shareholders, while the remaining $500 million will be ploughed into the company.

The Economic Times

The Roman Colosseum Wanted $150 Million To Host Mark Zuckerberg Vs Elon Musk Fight, Dana White Claims

Dana White disclosed that hosting a Zuckerberg-Musk fight at the Roman Colosseum would have cost $150 million, highlighting the challenges of modern events at historic sites.

International Business Times UK

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The Musk-Zuckerberg Fight at the Colosseum Almost Happened: Dana White Reveals $150 Million Rome Plan

Dana White said negotiations for a UFC fight between Elon Musk and Mark Zuckerberg at the Colosseum were real, and the tech titans would have put up $150 million of their own money.

International Business Times UK

Exclusive: Upscale AI wants to be the next Cisco—and it just raised another $190 million

The AI networking startup has now raised $500 million in under 18 months as investors bet the next infrastructure giant will emerge from the race to connect the world's AI chips.

Fortune

X Offers 'Neglected Meta Employees' Better Snacks as Zuckerberg Battles a Morale Crisis

Nikita Bier's recruitment strategy at X leverages Meta's morale issues and AI talent investments, turning office snacks into a competitive advantage.

International Business Times UK

11,983% profit! HFCL promoter’s Rs 10/share Jio bet may turn into Rs 5,800 crore windfall

Jio Platforms has formally kicked off its IPO journey by filing its DRHP with SEBI, highlighting the extraordinary wealth creation generated for early investors. Among the biggest beneficiaries is HFCL founder Mahendra Nahata, whose investment at ₹10 per share has appreciated nearly 121 times, translating into a staggering 11,983% valuation…

The Economic Times

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Meta Floats Bigger Snack Budget After AI Shakeup Tanks Employee Morale

Meta's CTO reveals low employee morale amid AI restructuring and layoffs. The company boosts office perks to rebuild confidence, while competitors target its workforce.

International Business Times UK

As new tech shines, market takes rest on old cushions: Devina Mehra

Forget the hype around tech giants like Mag 7 and MANGOS. Current market data reveals a shift, with US small-cap and old-economy stocks like transportation surging. While semiconductors are booming due to AI investments, history warns of their cyclical nature. Investors should look beyond popular narratives, as market themes constantly…

The Economic Times

Meta's Own CTO Says Worker Morale Has Hit a Historic Low — The Worst It's Been Since Cambridge Analytica

Meta's employee morale has hit a two-decade low following significant job cuts to fund AI projects, leaving remaining staff discontented and reassigned to less specialised roles.

International Business Times UK

Mark Zuckerberg Reportedly Leveraged His Young Daughter to Win Over Trump as Meta Fought for Influence

Mark Zuckerberg reportedly used a letter from his daughter to gain favour with Donald Trump, illustrating Silicon Valley's efforts to influence the administration, as detailed in a forthcoming book.

International Business Times UK

Nothing Seems to Be Going Right for Meta Platforms. How to Play META Stock Here.

Meta Platforms is in the red this year and is the second-worst-performing Magnificent 7 stock so far. Here are the key challenges that the company is facing.

Barchart

The U.K. just banned social media for kids under 16. The founder of 'safe TikTok' says the U.S. is next

"These are global dominoes," Zigazoo's Zak Ringelstein told Fortune. "The under-16 social media bans are spreading and the next place will be the U.S."

Fortune

South Central 80: Why the RSS does not want to register | Rise of Hindutva Pop

Why does the Rashtriya Swayamsevak Sangh (RSS) not register itself as an organisation? Why do platforms like Meta, Apple and YouTube allow Hindutva content filled with hate to flourish on their platforms?

Newslaundry

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Tom’s Guide

OpenAI killed my favorite AI model — here's what happened next

Retirement almost never means completely deleting the model. Some get pulled from the app but keep running behind the scenes and at least one company is even "interviewing" them on the way out.

The Economic Times

Jio IPO: Meta, Google among 10 global investors that backed billionaire Mukesh Ambani’s digital giant

While Reliance Industries remains firmly in control with a 66.43% stake, the shareholder register reads like a who's who of global technology, private equity and sovereign wealth investors, including Meta, Google, Saudi Arabia's Public Investment Fund, KKR, Vista Equity Partners, Mubadala, General Atlantic, ADIA and TPG.

The Economic Times

Meta AI glasses pilot faces privacy scrutiny

Privacy experts are flagging significant risks with Meta's AI glasses pilot for visually impaired citizens in Gujarat. Concerns centre on potential privacy violations for users and bystanders due to always-on cameras, and challenges under India's data protection law. While the technology promises independence, calls are mounting for stringent safeguards against…

Android Central

Meta is taking over parts of Best Buy stores to make VR and smart glasses easier to try

Meta is bringing hands-on VR and AI glasses demos to 50 Best Buy stores, finally letting shoppers try before spending hundreds on unfamiliar tech.

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The Economic Times

Jio revs up IPO engine; Accenture shock sinks IT

Jio Platforms has kicked off its IPO process with the filing of its draft papers with Sebi. This and more in today's ETtech Top 5.

The Guardian - UK

The UK’s social media ban for under-16s has just empowered big tech

Age verification means that the sector’s biggest players will now have access to information that will only make them richer and more powerful, says technology journalist Taylor Lorenz

Barchart

500 Million Reasons to Buy Meta Platforms Stock

Meta Platforms is widening its moat as Threads reaches 500 million users and rolls out new tools to deepen engagement.

International Business Times UK

Meta Wants Congress To Shield It From Child Harm Lawsuits As Legal Pressure Mounts

Meta Platforms is lobbying for legal protection against child-harm lawsuits, seeking a liability shield in the Kids Online Safety Act as it faces scrutiny over social media's impact on young users.

International Business Times UK

Meta Wants a Get-Out-of-Jail Card from Child-Harm Lawsuits, Asking Immunity from Child Safety Laws

Meta is lobbying for legal protections that critics argue could weaken efforts to hold social media accountable for harm to children, amid debates on the Kids Online Safety Act.

The Independent UK

Social media giants dealt a blow as Ohio gives parents control over children’s accounts

The Sixth Circuit Court of Appeals, in a 2-1 ruling on Thursday, ordered the restoration of the Social Media Parental Notification Act, which a lower court had previously blocked

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