Mark Zuckerberg
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techMeta to Cut 8,000 Jobs This Week in Efficiency Drive
Meta Platforms is laying off 8,000 employees this week, part of CEO Mark Zuckerberg's 'Year of Efficiency' initiative.
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techTech CEOs Called Back to Capitol Hill on Kids' Safety
Senator Grassley invites Meta, Alphabet, TikTok, and Snap CEOs to testify on child online safety.
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techInstagram Ends Encryption: Messages Now Exposed to Meta
Meta reverses privacy pledge, removing end-to-end encryption from Instagram DMs, sparking privacy and safety concerns.
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cryptoSenator Warren Demands Meta Reveal Stablecoin Plans Ahead of Crypto Vote
Sen. Elizabeth Warren is pressuring Meta to disclose its stablecoin strategy before the Senate votes on the Clarity Act, citing concerns over competition, privacy, and financial stability.
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techZuckerberg's Biohub Aims to Cure All Disease with AI Cell Models
Mark Zuckerberg and Priscilla Chan's Biohub launches $500M initiative to create AI models of human cells, aiming to accelerate disease prevention and treatment.
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techMeta Leads $710 Billion AI Spending Surge in US-China Tech Race
Meta quadruples AI capital expenditure to $710B as Amazon, Microsoft, and Google join the global tech race against China.
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techMeta Shares Slide 6% After Hours Despite Earnings Beat
Meta beats Q1 estimates but shares fall on higher capex guidance and a user decline, spooking investors.
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techMeta Slashes Workforce by 10%, Axes 6,000 Roles in AI Overhaul
Meta Platforms Inc. announces major layoffs and role cancellations as it pivots workforce towards AI initiatives and operational efficiency. Company restructures to prioritize AI development.