42 stories tagged #Mark Zuckerberg

  1. Meta to Cut 8,000 Jobs This Week in Efficiency Drive
    tech

    Meta 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.

    2w ago 1 min read
  2. Tech CEOs Called Back to Capitol Hill on Kids' Safety
    tech

    Tech CEOs Called Back to Capitol Hill on Kids' Safety

    Senator Grassley invites Meta, Alphabet, TikTok, and Snap CEOs to testify on child online safety.

    2w ago 1 min read
  3. Instagram Ends Encryption: Messages Now Exposed to Meta
    tech

    Instagram Ends Encryption: Messages Now Exposed to Meta

    Meta reverses privacy pledge, removing end-to-end encryption from Instagram DMs, sparking privacy and safety concerns.

    3w ago 1 min read
  4. Senator Warren Demands Meta Reveal Stablecoin Plans Ahead of Crypto Vote
    crypto

    Senator 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.

    3w ago 1 min read
  5. Zuckerberg's Biohub Aims to Cure All Disease with AI Cell Models
    tech

    Zuckerberg'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.

    last mo. 2 min read
  6. Meta Leads $710 Billion AI Spending Surge in US-China Tech Race
    tech

    Meta 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.

    last mo. 1 min read
  7. Meta Shares Slide 6% After Hours Despite Earnings Beat
    tech

    Meta 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.

    last mo. 2 min read
  8. Meta Slashes Workforce by 10%, Axes 6,000 Roles in AI Overhaul
    tech

    Meta 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.

    last mo. 2 min read