Meta Platforms is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported.
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Mark Zuckerberg’s apparent willingness to stomach such losses is a sign of his faith in the metaverse. Investors aren’t as confident.
Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares.
Investors are losing patience over Meta Plaforms CEO Mark Zuckerberg’s enormous and experimental bets on his metaverse project.
Meta Platforms signed an agreement to have chip-maker Qualcomm produce custom chipsets for its Quest virtual reality devices.
Facebook parent company Meta Platforms is building a customer service division to help users who have had posts or accounts removed unexpectedly.
Instagram appears to be copying another up-and-coming social media competitor: BeReal, a popular photo app.
Meta Platforms CEO Mark Zuckerberg has told staffers the company had planned for growth too optimistically.
Meta Platforms has cut plans to hire engineers as CEO Mark Zuckerberg warned employees to brace for a deep economic downturn.
Meta Platforms chief operating officer Sheryl Sandberg, who helped build the world’s biggest social network, is leaving the company after 14 years.