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The Latest Breaking News from Meta

Why leaders bury their heads in the sand when faced with uncomfortable facts

Adidas executives, Mark Zuckerberg, and Elon Musk have one thing in common: they behave like an ostrich–and so do you, according to behavioral science.

Fortune

Report: Facebook Parent Meta Is Preparing Large-scale Layoffs This Week

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Facebook parent Meta in October forecasted a weak holiday quarter and…

Asharq Al-Awsat

Tech giants and business warm to Labor’s privacy bill but point to flaws in drafting

Business Council of Australia warns of ‘unintended drafting error’ in privacy bill

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

Taoiseach and Tánaiste says country will regroup amid tech job layoffs due at Meta and Twitter

Mr Martin was speaking after two major tech employers in Ireland, Twitter and Stripe last week announced hundreds of imminent job losses

Irish Mirror

Meta is reportedly preparing mass layoffs. Why anti-metaverse investors might be disappointed

The Facebook and Instagram can cut costs without undermining its core metaverse ambitions.

Fortune

Facebook parent company Meta planning to slash thousands of jobs

Fears are growing for the 6,000 Irish workers who work in the company's European headquarters in Dublin

Dublin Live

Claim Meta on verge of large-scale job cuts, as 3,000 Irish employees may be at risk

The news comes just a short time after Elon Musk laid off thousands of Twitter employees via email

Irish Mirror

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Afternoon Update: Twitter bans impersonators; Crown fined $120m; and billionaires polluting the planet

Elon Musk says he is still committed to free speech despite account bans. And Scott Morrison gets a warning from the attorney general

The Guardian - AU

Facebook’s parent Meta prepares to slash thousands of jobs – reports

Layoffs come after $80bn wiped off company’s market value last month amid global economic downturn

The Guardian - AU

Meta reportedly to start laying off thousands of staff this week

Meta Platforms Inc. is planning to begin layoffs this week that will affect thousands of workers, The Wall Street Journal reported, citing people with knowledge of the matter.

Tribune News Service

Facebook parent Meta preparing to announce large-scale layoffs this week, report says

The company posted weak results and saw a dramatic fall in its share price over 2022

The Independent UK

These companies claim to support abortion rights. They are backing anti-abortion Republicans

An analysis of major companies’ donations, including Meta and Amazon, reveals donations to candidates calling for banning the procedure

The Guardian - US

Criminal defamation: Problems and precedents of a provision used commonly against the press

Earlier this week, the Delhi police searched the Wire’s office and the homes of its five staffers, days after BJP leader Amit Malviya accused the portal of maligning his and his party’s reputation through a criminal conspiracy, cheating and forged documents.

Newslaundry

Meta Platforms Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Meta Platforms (NASDAQ:META). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

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The Conversation

Why Meta's share price collapse is good news for the future of social media

Facebook may not be the original social media platform but it has stood the test of time – until recently. Meta, the company that owns Facebook, Instagram and WhatsApp, saw its value plummet by around $80 billion (£69 billion) in just one day at the end of October, after its…

Liverpool Echo

Liverpool strike deal with Meta in world first for a football club

Liverpool have become the first sports team in the world to strike a licencing agreement with the Meta Avatar Store

Newslaundry

A question of judgement: Lessons for independent media from the Meta-Wire affair

The Meta-Wire affair, as it has come to be called, has thrown up many questions that touch on editorial processes, the survival of independent media, and the response of the state to criticism.

The Independent UK

Meet the Ukrainian drivers racing on the world stage against the backdrop of war

Participating at the second edition of the FIA Motorsport Games in Marseille, a dozen athletes from Ukraine raced for more than just medals, as Kieran Jackson discovers

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Pedestrian.tv

Instagram Is Bringing Its Subscription Trial To Aus And My Wallet Honestly Can’t Do This Anymore

IG stop stealing from every other app challenge.

Dynamite News

Technology: Now You Can Send Digital Gifts To Your Favourite Instagram Creator; Find Out How

The most interesting development is that Instagrammers will soon be able to create their own NFTs and sell them directly to their fans, both on and off the app, according to Mashable. Read on for details:

Bangkok Post

Meta adds new tools to help content creators make money on Instagram

Meta Platforms has said it was adding a host of new features to Instagram, including a tool to trade digital collectibles, in a move that will help content creators monetise their presence on the social media platform.

The Guardian - US

General Mills latest to halt Twitter ads as Musk takeover sparks brand exodus

Cheerios and Lucky Charms cereal company joins General Motors Co and Audi among others in pulling money from the platform

The Independent UK

General Mills, Audi pause Twitter ads, will evaluate site

General Mills and Audi are the latest big advertisers to pause ads on Twitter as questions swirl about how the social media platform will operate under new owner Elon Musk

Bangkok Post

China wants sixfold growth in VR industry in five years

HONG KONG: The Chinese government wants to expand the country's virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) - six times the level last year - showing Beijing's ambitions in becoming a world leader in metaverse technology.

Asharq Al-Awsat

WhatsApp Launches Communities Group Organizer Feature

WhatsApp is globally rolling out a feature called Communities to organize various chat groups in larger structures, as well as other features such as bigger group video calls and in-chat polls, the messaging service owned by Meta Platforms said on Thursday. The Communities feature will bring together various chat groups…

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