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The Latest Breaking News from Meta

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.

Tribune News Service

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

The Guardian - US

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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

Samsung and Google Team Up To Tackle Mixed-Reality Hardware

In its annual unveiling of the Galaxy S23 and new Galaxy Book laptops, Samsung teased an upcoming XR partnership with Google that will bring new hardware.

Inverse

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

The Ukraine war made Telegram’s app more popular and important than ever. But making money is still a struggle

Telegram and its reclusive leader, Pavel Durov, are scrambling to build a viable business around the video and messaging platform.

Fortune

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Facebook has secretly been draining your phone battery to test features: ex-Meta employee

George Hayward said he was fired for refusing to partake.

Fortune

TechScape: Why Donald Trump’s return to Facebook could mark a rocky new age for online discourse

The former president was banned from Instagram and Facebook following the Jan 6 attacks, but Meta argues that new ‘guardrails’ will keep his behaviour in check. Plus: is a chatbot coming for your job?

The Guardian - UK

Social media companies in the US brace to battle onslaught of legal challenges

State and federal lawsuits and bills with far-reaching regulatory implications for TikTok, Meta and others come to a head this year

The Guardian - US

In AI arms race, ethics may be the first casualty

Competitive threats could lead big firms to abandon restraint and shed their scruples fast.

Axios

Facebook secretly drained users’ phone batteries, ex-worker alleges

A data scientist claims he was fired for refusing to carry out the process known as ‘negative testing’

Evening Standard

Startup founders turn to these networking groups to rub shoulders with their peers

These are the most sought-after networking groups for founders looking to build out their Rolodex.

Fortune

Wanda Sykes on Trump’s Facebook return: ‘Like letting Hannibal Lecter babysit your most delicious child’

Late-night hosts discuss Meta’s reinstatement of Donald Trump to Facebook and Instagram, and Jimmy Kimmel celebrates the 20th anniversary of his show

The Guardian - US

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The Independent UK

Trump news – live: Trump’s secret donation to Arizona election audit revealed as he sets off on campaign trail

All the latest developments from Trumpworld

Fortune

BuzzFeed just announced it's going to use A.I. to start creating content and the stock market loves it

Buzzfeed's announcement about using OpenAI's technology comes a day after Meta said it would pay the media company millions to create content for Facebook and Instagram.

Fortune

Casualties of Big Tech layoffs find other companies are clamoring to hire them

After a decade-long boom, high-profile tech companies are laying off thousands of workers. But many of the unemployed are in demand outside of tech.

Chicago Sun-Times

Welcome back, Donald Trump!

Facebook lets the former president out of the penalty box.

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The Independent UK

Trump's return to Facebook could be major fundraising boost

Meta's decision to soon reinstate Donald Trump’s Facebook account comes at a critical moment as the former president tries to gain momentum in what has been widely derided as a lackluster start to his third bid for the White House

The Guardian - US

Trump’s return to Facebook will ‘fan the flames of hatred’, say experts and politicians

Democrats and liberal groups deplored decision to revoke ban on former president who incited insurrection but ACLU defends move

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

Reason

Trump's Facebook and Instagram Accounts To Be Reinstated

Plus: Massie vs. McCarthy?, Hawley bill would ban TikTok in the U.S., and more...

The Guardian - US

Biden vows to veto Republican plans that threaten economic ‘chaos’ – as it happened

‘I will not let that happen – not on my watch’, president says of House Republican proposals

Daily Mirror

Donald Trump reacts after two-year Facebook ban ends by blasting social media site

The lift of the ban will allow Donald Trump to communicate directly with his 34million followers on Facebook, as well as to resume direct fundraising while he runs for the White House

Evening Standard

Could Trump get banned from Facebook again?

Meta plans to allow the former US president back on Instagram and Facebook soon, Nick Clegg announces

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