Category: Facebook Inc

Mark Zuckerberg Defends Push Toward Metaverse At DealBook Summit

The New York Times – Business:
The company has poured billions into the construction of the metaverse, which has been slow to take off.
Meta Fined $275 Million for Breaking E.U. Data Privacy Law

The New York Times – Business:
The penalty, imposed by Irish data regulators, brings European fines against Facebook’s parent company to more than $900 million since last year.
A Verified Mess: Turmoil From Twitter to FTX

The New York Times – Business:
Plus: Is the latest round of tech layoffs a sign of impending doom, or a much-needed structural correction?
Meta Lays Off More Than 11,000 Employees

The New York Times – Business:
The parent of Facebook, Instagram and WhatsApp reduced its work force by 13 percent and extended a hiring freeze through the first quarter of next year.
Meta Is Said to Plan Significant Job Cuts This Week

The New York Times – Business:
Mark Zuckerberg, Meta’s chief executive, said last month that many “teams will stay flat or shrink over the next year” as his company faces economic challenges.
On Social Media, Hunting for Voter Fraud Becomes a Game

The New York Times – Business:
Players who post about irregularities are awarded points or titles, leading participants to question the legitimacy of elections.
Elon Musk Takes a Page Out of Mark Zuckerberg’s Social Media Playbook

The New York Times – Business:
As Mr. Musk takes over Twitter, he is emulating some of the actions of Mr. Zuckerberg, who leads Facebook, Instagram and WhatsApp.
Debunking Voting Misinformation About the Midterm Elections

The New York Times – Business:
Here are some of the main falsehoods and rumors that have spread on social media in the lead-up to Election Day.
5 Unfounded Claims About Voting in the Midterm Elections

The New York Times – Business:
Here are some of the main falsehoods and rumors that have spread on social media in the lead-up to Election Day.
Credit Suisse Plans a Big Retreat From Wall Street

The New York Times – Business:
Shares in the Swiss banking giant tumbled after its executive team laid out the details of a long-awaited restructuring plan.
Tech’s Biggest Companies Are Sending Worrying Signals About the Economy

The New York Times – Business:
A series of quarterly earnings reports is showing that even Silicon Valley’s most powerful companies are feeling the impact of inflation and rising interest rates.
Meta Quarterly Earnings: Profit Declines With Losses in Reality Labs

The New York Times – Business:
The social networking company, which is trying to shift into the so-called metaverse, posted falling sales and said it was “making significant changes” to operate more efficiently.