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The Latest Breaking News from Meta

Meta to scrap hundreds of jobs in London in fresh cost-cutting measures

Meta is to cut hundreds of jobs in London and scrap Instagram’s hub in the city as part of widespread cost-cutting measures as the social media giant wrestles with a slump in advertising revenues amid harsher economic conditions.

Evening Standard

WhatsApp's working on adding animated emoji

More fuel for the rumour that WhatsApp is working on ever more entertaining stickers and emotes

Meta to cut or relocate London Instagram staff

Meta is to slash jobs at its Instagram office in London and shift roles back to the US as part of widespread cost-cutting measures as the social media giant wrestles with a slump in advertising revenues amid harsher economic conditions.

Evening Standard

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Global law enforcement want Meta to stop expanding encryption

As the war against encryption goes on, the FBI, Interpol and others warn Meta's default-encrypted DMs would "degrade safety systems" against child sex abuses.

TechRadar

Meta opens its Horizon Worlds VR metaverse to teenagers

Meta has introduced ‘a robust set of age-appropriate protections and safety defaults’ to make the platform safer for younger users

Evening Standard

Crime agencies condemn Facebook and Instagram encryption plans

Global alliance including NCA and FBI says Meta’s decision to encrypt direct messages could harm children

The Guardian - UK

Here’s how to claim your share of Facebook’s $725 million Cambridge Analytica settlement

Current and former Facebook users are owed a share of an eye-watering $275 million settlement — here's how to claim your cut of the cash.

Tom’s Guide

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Facebook users could get settlement cash as Meta pays out

Meta has agreed to pay Facebook users $725m privacy settlement

The Independent UK

Indeed to lay off 225 workers amid calls for company to 'do right by its staff'

Labour Leader and TD for Dublin Bay South Ivana Bacik has now called on management to ensure that there are fair redundancies

Dublin Live

Facebook users can apply for their portion of a $725 million lawsuit settlement

The settlement stems from a lawsuit alleging Facebook developers sold user data to Cambridge Analytica, a former political consulting firm, to target people in the 2016 U.S. presidential election.

WEKU

Mark Zuckerberg’s year of efficiency takes another turn as he joins McDonald’s and Google by laying off thousands in the metaverse

Mark Zuckerberg continues to streamline the tech giant with a round of (remote) layoffs, though experts suggest they're not always cost-effective.

Fortune

Good news, Facebook probably owes you money

Meta's Cambridge Analytica data privacy mess is a $725M windall for Facebook users and now you can collect.

TechRadar

Facebook users could be due PAYMENT from the social giant if they joined in past 16 years

Facebook users who actively were on the social media site could be elligible for a portion of the $725million (£582m) that the tech giant will have to pay over sharing users data

Daily Mirror

Meta finally realizes the Quest is for gaming, not for the Metaverse

Meta might be laying off more people across the company but its gaming divisions are said to be safe from the turmoil.

Android Central

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Fortune

Meta was warned not to let teens into Horizon Worlds, but it’s doing it anyway

Lawmakers and child advocates say Zuckerberg’s metaverse move is exploitative and dangerous.

The Guardian - US

Thousands of Meta workers hit by new round of layoffs as company cuts costs

Social media firm will cull 4,000 jobs immediately as part of larger plan to cut 10,000 jobs amid tech industry slump

The Independent UK

Are you a Facebook user? You could get some settlement cash

Anyone in the U.S. who has had a Facebook account at any time since May 24, 2007, can now apply for their share of a $725 million privacy settlement that parent company Meta has agreed to pay

Chicago Sun-Times

Free money! Illinois Facebook users could be eligible for another payment: Here’s how to apply

Parent company Meta has settled a data privacy lawsuit involving Cambridge Analytica for $750 million. Anyone who’s used Facebook in the past 16 years can file a claim.

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Fortune

Snapchat just announced a bunch of changes to win the creator war

The social media company wants to create more "homegrown" viral stars, but the move raises privacy concerns.

Android Central

The latest Quest update lets you finally play Beat Saber in bed

Quest v53 is now in the public testing phase and includes at least one cool new feature: lying down mode.

Daily Mirror

Donald Trump depicted as superhero, rock star and George Washington on new trading cards

The former president, previously suspended from Meta’s social media services following the January 6 riot, celebrated his first post in 118 weeks by announcing “SERIES 2” of his digital wares

Fortune

Donald Trump got back on Instagram after 2 years and the first thing he did was sell NFTs

The digital trading cards, priced at $99 each, have already sold out, according to CollectTrumpCards.com.

StockNews.com

FAANG Stocks META and AAPL Maintain Quality With A Ratings

Even though a challenging macroeconomic environment has affected the tech sector’s performance, FAANG companies are anticipated to trend in a positive direction due to their popularity. Given this backdrop, FAANG stocks Apple (AAPL) and Meta Platforms (META), which maintain A-grade Quality in our POWR Ratings system, could be watched now.…

Dynamite News

Meta to reveal fresh round of job cuts across facebook, Instagram

Facebook parent company Meta is all set to commence the companywide new job cuts on Wednesday as part of reorganising teams and management hierarchies, The Washington Post reported. Read further on Dynamite News:

The Times of India

Meta prepares more layoffs across Facebook, WhatsApp, Instagram

SAN FRANCISCO: 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.

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