Mark Zuckerberg was all-in on the metaverse last year, willing to spend whatever it took to dominate virtual reality. And it cost him, big time.
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Meta Platforms is a Wall Street darling again as the company builds artificial intelligence tools and expands cost-cutting initiatives.
For more than a year, Meta has been engaged in a massive project to whip its AI infrastructure into shape.
Meta Platforms is set to commence company-wide layoffs as it works towards founder Mark Zuckerberg’s goal of greater efficiency.
A leaner Meta Platforms is impressing investors, with analysts turning bullish amid cost cuts and stabilising advertising trends.
Meta Platforms has become the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn.
Meta Platforms is exploring a standalone decentralised social network for sharing text updates.
Meta Platforms is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, sources said.
Brazil’s central bank has approved Meta Platforms’ payments launch for small and medium-sized business.
The chatbot battle is heating up, and Mark Zuckerberg is making it clear that Meta Platforms is focusing on artificial intelligence-powered tools, too.