Get all your news in one place.

100’s of premium titles.
One app.

Start reading

Get all your news in one place.

100’s of premium titles. One news app.

Start reading

The Latest Breaking News on Big Tech stops doing stupid stuff

Big Tech stops doing stupid stuff

This year it might be smart to invest in companies that think a little smaller.

Livemint

Meta Employees Undermine Zuckerberg’s Metaverse Strategy

Meta employees are expressing discontent with Mark Zuckerberg and his metaverse strategy on anonymous jobs forums such as Blind.

Zenger

From Twitter chaos to TikTok bans to the metaverse, social media had a rocky 2022

From Facebook's troubled pivot to the metaverse to Twitter's management chaos to industry-wide layoffs, social media companies have had a rocky 2022

WEKU

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

Facebook’s Meta will devote 20% of costs to Metaverse next year

Meta stock is down nearly 65% this year, and some have questioned Meta CEO Mark Zuckerberg’s expensive bet on the metaverse which comes as the company has cut other costs, including widespread layoffs

Livemint

Tech titan John Carmack leaves Meta as doubts swirl about Mark Zuckerberg’s metaverse push

Comments like "we constantly self-sabotage and squander effort" in his exit letter will do little to reassure nervous Meta investors.

Fortune

Facebook-Parent Meta, Hit By Hard Times In 2022, May Be Overcoming Obstacles

Meta stock jumped as it received a positive review and an upgrade by a prominent Wall Street analyst Friday, citing improved fundamentals.

Investors Business Daily

Meta Stock Leaps As JPMorgan Lifts Rating To 'Overweight', Boosts Prices Target

Meta may be slowly winning back Wall Street's confidence as it looks to keep costs from spiraling amid a slow-down in ad spending and deeper losses in its metaverse project.

The Street

Read news from The Economist, FT, and more,
with one subscription

Five Great Reads: Facebook’s virtual insanity, looking back on Qatar, and an awkward breakup

Guardian Australia’s weekend wrap of essential reads from the past seven days, selected by Kris Swales

The Guardian - AU

‘The metaverse will be our slow death!’ Is Facebook losing its $100bn gamble on virtual reality?

The company now known as Meta has spent staggering amounts on creating an immersive successor to the traditional 2D internet. But what has it got to show for it, apart from 11,000 job losses?

The Guardian - UK

Meta Stock Tumbles On Report EU Flagging Concern Over Targeted Ad Sales

The Wall Street Journal reported Tuesday that a panel advising the European Data Protection Board has raised concerns over Meta's targeted ad sales.

The Street

5 charts tell the story of tech layoffs

Concerns about an economic recession originating from the spate of layoffs need to be tempered.

Livemint

WhatsApp and Messenger to drive next wave of sales growth: Mark Zuckerberg

WhatsApp and Messenger would drive the company's next wave of sales growth, Mark Zuckerberg told employees as he sought to assuage concerns about Meta's finances after its first mass layoffs.

Livemint

As tech industry cuts jobs, these are some of the worst ways to get fired

In addition to damaging productivity and morale, poorly handled layoffs can tarnish an employer’s brand.

Livemint

The Guardian view on big tech: pop! goes the bubble

Editorial: The behemoths of Silicon Valley face some serious shrinkage and a reckoning with the societies they work in

The Guardian - UK

Get all your
news in one place.

100’s of premium titles.
One news app.

Glasgow Live

What is Meta as Facebook and Instagram owner slashes thousands of jobs

The tech giant will cut 13 per cent of its entire workforce as part of the cuts - this comes as part of a major restructuring of the entire company Meta, parent of Facebook.

Livemint

'I take full responsibility': In leaked video, Zuckerberg announces layoff of 11,000 employees

Zuckerberg said that he had made the decision to hire aggressively, anticipating rapid growth even after the pandemic lockdowns ended.

The Guardian - UK

Thursday briefing: Mark Zuckerberg’s Meta cuts 11,000 jobs – is the Facebook founder’s empire falling?

In today’s newsletter: The social media titan is having its first major wave of layoffs since it began in 2004 – and it’s not the only tech company facing problems.

Irish Independent

Bars and cafés must wait to see if Meta job losses will affect local businesses

Cafés, bars and restaurants in the vicinity of Meta offices in Ireland have said they will have to wait and see if the announcement of global job cuts at the social-media giant will have a knock-on effect on their businesses.

Get all your
news in one place.

100’s of premium titles.
One news app.

Crikey

Mark Zuckerberg’s Meta layoffs are the cost of his big metaverse gamble

The company founder said he takes responsibility for the decision to lay off 11,000 staff. That’s not much of a concession.

Tribune News Service

Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first major round of layoffs in the social media giant’s history.

The Guardian - UK

Meta mass sackings show Mark Zuckerberg is rattled

Investors only have themselves to blame for not insisting on equal voting rights to rein in tech pioneer

The Guardian - UK

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

Tribune News Service

Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history.

Fortune

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Investors Business Daily

In An Emotional Letter, Zuckerberg Details Reason For Mass Meta Layoffs

Meta stock climbed as Chief Executive Mark Zuckerberg announced plans to slash about 11,000 jobs, or 13% of its workforce.

1 2 3

People

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

Organisations