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Meta CEO tells employees he does not expect more company-wide layoffs this yearHe made the announcement on the same day the Facebook owner carried out a far-reaching restructuring of the company, laying off 10% of its ...- Meta lays out details of May 20 restructuring in internal documentMeta is implementing significant workforce changes, laying off 10% of its global employees this week and planning further cuts. These moves...
- Tech companies tap debt markets to fund AI and cloud expansionLast month, Alphabet, Amazon, Microsoft and Meta signaled that spending on AI would not slow down, with the tech giants' combined spending ...
- AMD forecasts revenue above expectations on strong AI demand, shares jump 12%Advanced Micro Devices anticipates strong second-quarter revenue driven by high demand for its AI chips. The company's data center segment ...
- AMD Stock price jumps big after Advanced Micro Devices earnings call forecast second-quarter revenue above Wall Street expectationsAMD Stock Price: Advanced Micro Devices forecast second-quarter revenue above Wall Street expectations on Tuesday.
- 80 seconds of big tech earnings will decide stock market’s fateInvestors await earnings reports from Alphabet, Meta, and Microsoft after trading ends Wednesday. These tech giants' results will guide mar...
- How China block of AI deal could stop 'Singapore-washing'China has blocked Meta's acquisition of Singapore-based AI firm Manus, signaling a crackdown on "Singapore-washing." This move, aimed at pr...
- Meta to backtrack acquisition of AI firm Manus after China block: reportMeta is reportedly reversing its acquisition of AI startup Manus. China has banned the deal, citing national security. The AI agent was fou...
- China orders Meta to unwind $2 billion buy of AI startup ManusChina's top economic planner has blocked Meta's acquisition of AI startup Manus, citing a prohibition on foreign investment in the project....
- Snap misses revenue estimate, shares plunge 30%Meta's advertising sales surged 25% in the December quarter. Google's ad business grew 11% as ad sales from YouTube increased 16% in the sa...
- Norway fines Facebook owner Meta over privacy breachesThe regulator, Datatilsynet, had said on July 17 that the company would be fined if it did not address privacy breaches the regulator had i...
- Australia fines Facebook owner Meta $14 million for undisclosed data collectionAn Australian court ordered Facebook owner Meta Platforms to pay fines totalling A$20 million ($14 million) for collecting user data throug...
- Facebook owner Meta starts final round of layoffsMeta in March became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees the do...
- Facebook-owner Meta releases first human rights reportThe report, which covers due diligence performed in 2020 and 2021, includes a summary of a controversial human rights impact assessment of ...
- Facebook-owner Meta releases first human rights reportThe report, which covers due diligence performed in 2020 and 2021, includes a summary of a controversial human rights impact assessment of ...
- Facebook owner Meta makes antitrust commitments over online advertisingMeta has committed to giving access over a five-year period to advertising inventories and campaign data to so-called advertising technolog...
- Facebook-owner Meta to share more political ad targeting dataMeta said it would also include detailed targeting information for these individual ads in its "Facebook Open Research and Transparency" da...
- Facebook-owner Meta tells hardware staffers to prepare for cutbacksThe world's biggest social media company last month told investors that it would scale back costs in 2022, following a drop in Facebook use...
- Facebook-owner Meta to open first physical store in metaverse betThe 1,550-square feet Meta Store at the company's Burlingame campus in California opens on May 9, and will feature demos for its Quest 2 VR...
- Facebook owner Meta briefly blocks hashtags tied to Bucha killingsMeta spokesman Andy Stone said automated systems that scan for violent imagery on Facebook and Instagram, which the company also owns, were...
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