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Mark-Zuckerberg

Americas 3 years ago

Meta set to make decision on Trump’s return to Facebook

The social media giant had previously said it will decide by Jan 7 whether to allow the former president to return. However, that decision is now expected to be announced later in the month, the newspaper said, citing a person familiar with the matter.

Companies 3 years ago

Meta to cut more than 11,000 jobs in one of biggest US layoffs this year

The broad job cuts, the first in Meta's 18-year history, follow thousands of layoffs at other major tech companies including Elon Musk-owned Twitter and Microsoft Corp.

Companies 3 years ago

Facebook parent Meta is preparing large-scale layoffs this week

Meta declined to comment on the WSJ report.

Companies 3 years ago

Meta's quarterly profit more than halved to $4.4 billion

The social networking giant, which faces stagnating user numbers and cuts in advertising budgets, also said revenue slipped to $27.7 billion from $29 billion a year earlier.

Tech 3 years ago

Meta to freeze hiring to tighten budget: report

Meta chief Mark Zuckerberg revealed a planned pause in hiring during a weekly all-hands meeting, the Journal reported, saying the move came as the social media titan planned to cut expenses by at least 10 percent.

Tech 3 years ago

Meta to set up new group for more paid features on Instagram, Facebook

"Any new product will be complementary to our existing ads business," the spokesperson told Reuters in an emailed statement.

Science & Tech 3 years ago

Facebook use plunges among US teens: survey

TikTok has "emerged as a top social media platform for US teens" while Google-run YouTube "stands out as the most common platform used by teens," the report's authors wrote.

Tech 3 years ago

PREMIUM
Too much nudity, not enough women: Facebook's growth woes in India

On the same day, the US tech group posted the findings of its own research into Facebook's business in India on an internal employee forum. The study, conducted over the two years to the end of 2021, identified different problems.

Science & Tech 3 years ago

Zuckerberg staying at Meta helm for years 'makes sense': Clegg

Succession at the mega company has been in the headlines in recent weeks with the announcement of the departure of Sheryl Sandberg after 14 years as the firm's number two.