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The Latest Breaking News from Meta

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

Study notes slight dip in Thai internet usage

Local internet users spent less time on the internet and social media and made less purchases online as life returns to normal after the pandemic, according to the "Digital 2023: Thailand" study.

Bangkok Post

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Meta sparked a bitter fight inside the FTC

A bitter fight inside among FTC commissioners over Meta's acquisition of a VR company spilled into the public realm.

Fortune

It’s not just Disney: Hollywood slashes jobs as streaming bubble pops

LOS ANGELES — Walt Disney Co. Chief Executive Bob Iger said last week that the Burbank company will be slashing 7,000 jobs as the firm’s streaming efforts continue to lose money and the wider economy wallows through a downturn.

Los Angeles Times

Lawmakers Use Kid Safety as Excuse To Violate Adults' Rights

Plus: New York "hate speech" law is likely unconstitutional, FTC Commissioner quits because of chair Lina Khan's antics, and more...

Reason

Nigeria election triggers deluge of ‘fake news’ on social media

Experts and activists say political actors have expanded the scope of misinformation ahead of the general elections.

Al Jazeera

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I’ve tried every productivity hack from pills to self-hypnosis. Do I need someone to sit next to me and tut?

Simon Berens, a software engineer at Meta, says paying people to watch him work has made him almost three times as productive. And it only costs $5,000 a month, writes Arwa Mahdawi

The Guardian - UK

‘Aims’: the software for hire that can control 30,000 fake online profiles

Exclusive: Team Jorge disinformation unit controls vast army of avatars with fake profiles on Twitter, Facebook, Gmail, Instagram, Amazon and Airbnb

The Guardian - UK

Meta’s ‘supreme court’ for content moderation vows to move faster

The content moderation board announced new rules that mean some verdicts will be issued in as little as two days.

Fortune

Marne Levine's exit loses Meta another female leader. Meet the exec who's taking over half her job

Nicola Mendelsohn will become head of Meta's global business group, inheriting responsibilities from departing chief business officer Marne Levine.

Fortune

Meta Brings New Status Features To WhatsApp

Meta has now added several new features to WhatsApp status, which will let users post disappearing pictures and other media. Read further on Dynamite News:

Dynamite News

Google to expand misinformation "prebunking" in Europe

Google is expanding an initiative that shows promise in fighting online misinformation

The Independent UK

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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Fortune

This week in the metaverse: Hermès declares victory over MetaBirkins NFT collection, Meta wants to open its metaverse to 13 year olds, and Doritos launches a metaverse recording studio

Hermès's win against the creator of the NFT collection MetaBirkins looked bad for the NFT space, but it may not be the worst for projects that are solely artistic in nature.

Daily Mirror

'I have proof Facebook is listening to my conversations - it's so creepy'

TikTok user Tanya claims she has proof that Facebook is listening to her private conversations after a 'creepy' advert for a foot-related product appeared on her timeline after having a pedicure

The Independent UK

Trump’s ex-national security adviser subpoenaed in special counsel probes of classified documents and Jan 6

Trump is yet to comment on the revelations Mike Pence and Robert O’Brien have been subpoenaed – despite coming on the same day that his Facebook and Instagram accounts were restored

Asharq Al-Awsat

Meta Completes Virtual Reality Deal after US Court Win

Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns. A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the…

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Tribune News Service

Donald Trump reinstated on Facebook and Instagram

Former President Donald Trump’s suspensions on Facebook and Instagram have been lifted, more than two years after his supporters stormed the U.S. Capitol, parent company Meta confirmed Thursday.

Reuters

Twitter gets EU yellow card for disinformation reporting effort

Elon Musk's Twitter was hit with a yellow card from the European Commission on Thursday as its reported efforts to tackle disinformation fell short of those by Alphabet's Google, Meta Platforms, Microsoft and TikTok.

WEKU

Twitter's new data access rules will make social media research harder

Twitter will start charging users for downloading and uploading data. Everything from bots giving out earthquake alerts to ambitious research about how misinformation spreads could be affected.

Fortune

Alphabet spent $2 billion on layoffs. Here’s how much job cuts cost Meta, Amazon, and 7 other companies

Companies conduct layoffs to cut costs, but they end up being a pricey approach.

Tribune News Service

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…

Reason

The FTC's Antitrust Radicals Are Rebuked Again in Federal Court

The FTC is trying to seize new powers to regulate the economy.

The Times of India

Meta, Alphabet target middle managers with tech jobs cuts

SAN FRANCISCO: As Meta Platforms Inc, Alphabet Inc and other Silicon Valley behemoths look to lighten payrolls after years of feverish hiring, a clear target has emerged: the middle manager.

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