Meta Platforms has cut plans to hire engineers as CEO Mark Zuckerberg warned employees to brace for a deep economic downturn.
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Meta Platforms, Microsoft and other tech giants have formed a group to foster development of industry standards for the metaverse.
Sheryl Sandberg not only built out Facebook’s money-printing business model. She also became embroiled in the company’s many controversies.
Meta Platforms chief operating officer Sheryl Sandberg, who helped build the world’s biggest social network, is leaving the company after 14 years.
Meta Platforms said its class-A common stock will begin trading on the Nasdaq under the ticker symbol “META” prior to market open on 9 June.
Apple, facing mounting criticism of its App Store policies, has defended the platform by pointing to the small-business jobs and revenue it generates.
The US District of Columbia is suing Mark Zuckerberg for his alleged role in the data breach that allowed Cambridge Analytica to target Facebook users during the 2016 election.
Europe’s antitrust chief, Margrethe Vestager, has called for a global approach towards Big Tech to prevent companies taking advantage of enforcement gaps.
Meta Platforms is slowing the growth of its workforce as the Facebook parent looks to rein in costs, the company said.
Facebook is pulling out of podcasts and plans to remove them altogether from the social media service starting 3 June.