Facebook parent company Meta is all set to commence the companywide new job cuts on Wednesday as part of reorganising teams and management hierarchies, The Washington Post reported. According to the internal memo that a US-based newspaper read, Meta’s head of human resources, Lori Goler, wrote Tuesday evening that the […]
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Meta CEO Mark Zuckerberg confirms laying off employees today: Report
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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Facebook parent Meta prepares for large-scale layoffs this week
Facebook parent Meta is preparing for large-scale layoffs this week which is expected to affect many thousands of its workforce. In a recent spate of tech job cuts after the industry’s rapid growth during the pandemic, Meta Platforms Inc is planning to begin large-scale layoffs this week, according to people familiar […]
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Facebook parent company Meta sees 4 percent sales dip
In the third quarter, Meta was buffeted by a widespread ad-spending downturn, posting a 4 per cent year-over-year revenue loss, while missing Wall Street estimates on the bottom line as significant metaverse investments continued to eat into earnings, reported Variety. The firm said its flagship Facebook app had 1.984 billion daily […]
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Meta shuts down Russia, China-based influence campaigns
Meta, the parent company of Facebook, on Tuesday took down two separate covert influence networks operating from China and Russia. Meta publicly detailed the takedown as it remains on high alert for foreign interference in the US midterm elections, a Meta spokesperson told CNN. The Chinese network was small and […]
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Meta commences Community Chats testing for Facebook Groups in Messenger
Mark Zuckerberg has announced that Meta is starting to test Community Chats for Facebook Groups inside the Messenger app. According to GSM Arena, it’s probably easiest to think of Community Chats as Meta’s own interpretation of Discord. These will be available for Facebook Groups, and users will be able to […]
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Meta set to shut down its private messaging app for couples
Another one of Meta’s social experiments will be coming to an end as Tuned, an app, which was designed for couples looking to connect even when they’re apart, is set to shut down. According to The Verge, this app, launched in 2020, comes from Meta’s New Product Experimentation (NPE) team, […]
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Meta drops ‘news’ from Facebook’s News Feed
Social media giant Facebook App’s official Twitter handle on Tuesday announced that the News Feed is being rebranded to just ‘Feed’. In an email sent to The Verge, Facebook explained that this is “just a name change to better reflect the diverse content people see on their Feeds,” and that it shouldn’t “impact the […]
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Meta single day loss of $240 billion is bigger than total value of India’s largest firm
The market value of Facebook parent company Meta Platforms Inc plunged by $240 billion in a single day on Thursday as the company’s share crashed by 26 percent. This single-day loss in the market capitalisation of Meta Platforms Inc is more than the total value of India’s largest company. “Facebook Meta market value […]
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Meta updates 3D avatars for Facebook, Messenger, Instagram
Keeping their fans updated, Meta has added a few customizations to its 3D avatars feature for Facebook, Messenger, and DMs on Instagram. As per GSM Arena, Meta tried to be more inclusive with a plethora of new accessories that can be added to a user’s personal 3D avatar such as hearing aids, wheelchairs, and more. Additionally, the new facial […]
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Meta acquires VR fitness app Supernatural
A day after Facebook’s rebranding as Meta, the company announced that it is acquiring Within, the company behind VR workout service Supernatural. As per The Verge, Meta recently revealed that the studio behind Supernatural will be joining the company, adding to the roster of studios owned by what used to be known as Facebook’s Oculus […]