Meta Platforms CEO Mark Zuckerberg has told staffers the company had planned for growth too optimistically.
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Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue, with recession fears and competitive pressures weighing on its digital ads sales.
Investors are also bracing for flat user growth and a third consecutive quarter of profit declines.
Facebook is revamping its main feed in a bid to style its apps after short-form video competitor TikTok.
Meta Platforms has cut plans to hire engineers as CEO Mark Zuckerberg warned employees to brace for a deep economic downturn.
Lawyers are investigating Meta Platforms’ outgoing operations chief Sheryl Sandberg’s use of company resources over several years, according to a report.
Meta Platforms chief operating officer Sheryl Sandberg, who helped build the world’s biggest social network, is leaving the company after 14 years.
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.
News of Tesla CEO Elon Musk taking a board seat at Twitter has some Twitter employees panicking over the future of the social media platform.
Meta Platforms is readying plans to introduce virtual tokens and cryptocurrencies to its family of apps, the Financial Times reported.