Meta Chief Executive Mark Zuckerberg spoke to hundreds of executives on Tuesday (local time) and confirmed about laying off employees on Wednesday morning. Zuckerberg appeared downcast in Tuesday’s meeting and said he was accountable for the company’s missteps. His over-optimism about growth had led to overstaffing, according to people present in the meeting, reported The […]
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Mark Zuckerberg planning to launch NFTs on Instagram
As NFTs are all the rage these days, Facebook chief executive officer (CEO) Mark Zuckerberg is planning to let Instagram users mint non-fungible tokens (NFTs) on the social media platform. As per The Verge, Mark made the announcement at the session at South By Southwest, but did not provide a specific date for when NFTs might drop on […]
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Congress writes to Mark Zuckerberg, says ‘BJP’s Lotus blossomed by using Facebook’
Congress party wrote a letter to the CEO of Facebook, Mark Zuckerberg on Friday wherein they sought an internal inquiry on fake news and inflammatory content being spread on the social media giant under Bharatiya Janata Party’s tenure. A letter has been written by the social media head of the […]
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Mark Zuckerberg denies Facebook puts profit over users’ safety
Facebook Chief executive officer (CEO) Mark Zuckerberg has rejected accusations that the social network prioritises profit over its users’ safety. This comes after former company product manager Frances Haugen told a congressional testimony on Tuesday that the social network was allegedly aware it inflicted harm on the mental health of teenagers but did not do much to […]
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Facebook says it will permanently stop recommending political groups
Facebook Inc’s CEO Mark Zuckerberg said yesterday the company would no longer recommend civic and political groups to users of the platform. The social media company said in October that it was temporarily halting recommendations of political groups for US users in the run-up to the presidential election. Yesterday, Facebook […]
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Facebook and Mark Zuckerberg disappoint once again
Facebook Inc. still doesn’t get it. A widely anticipated meeting on Tuesday between the social media giant and the civil rights groups behind the recent Facebook ad boycott — including the Anti-Defamation League, NAACP and Color of Change — did not go well. The New York Times reported CEO Mark Zuckerberg and COO Sheryl Sandberg […]
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Facebook agrees to audit its hate speech controls
Facebook Inc said on Monday it would submit itself to an audit of how it controls hate speech in a bid to appease a growing advertising boycott of the platform, as it prepared to address a group of advertisers on Tuesday. The move comes as major advertisers such as Unilever and Starbucks have signed […]
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Mark Zuckerberg has $7 billion wiped off his fortune as Coca-Cola halts all social media advertising for 30 days
A boycott of Facebook by major advertisers is hammering the social media giant’s stock price and chief executive Mark Zuckerberg’s personal fortune. Zuckerberg’s net wealth is down by $7.21 billion as of Saturday, while Facebook’s share price dropped more than 8% at the close of Friday trading, as the ad boycott snowballs. […]
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Mark Zuckerberg loses $7 billion as companies boycott Facebook ads
Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social […]
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Mark Zuckerberg promises review of Facebook’s content policies after backlash
Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics. Zuckerberg did not promise specific policy […]
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Facebook’s Mark Zuckerberg still under fire over inflammatory Trump posts
Facebook CEO Mark Zuckerberg isn’t budging over his refusal to take action on inflammatory posts by President Donald Trump that spread misinformation about voting by mail and, many said, encouraged violence against protesters. His critics, however, are multiplying. Some employees have publicly quit over the issue and civil-rights leaders who met with […]
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Zuckerberg leaves racial justice leader frustrated after call
Facebook Inc. Chief Executive Officer Mark Zuckerberg hosted a nearly hour-long video call with U.S. civil rights leaders to discuss ongoing issues around his company’s policies as they relate to race, elections and other topics. But participants were left disappointed, according to Color of Change President Rashad Robinson, who concluded […]
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Mark Zuckerberg ends annual personal challenge for a decade-long one
Mark Zuckerberg’s New Year’s resolution: No more public New Year’s resolutions. The Facebook Inc. chief executive officer, who in January usually shares a “personal challenge” for the coming year, said Thursday he’s forgoing that tradition in 2020. Instead, Zuckerberg said he will “take a longer term focus” this decade to prioritize projects […]