Plus: Is the latest round of tech layoffs a sign of impending doom, or a much-needed structural correction?
Category: Facebook Inc
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A Verified Mess: Turmoil From Twitter to FTX
The New York Times – Business: -
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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The Race is On to Find the U.K.’s Next Prime Minister
The New York Times – Business:Turmoil returned to Britain’s financial markets as the Conservative Party once again seeks a new candidate to serve as prime minister.
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Meta Forced to Sell Giphy After British Antitrust Order
The New York Times – Business:The sale is the first time Meta has been forced by regulators to sell a part of its business, a sign of increased antitrust scrutiny around the world.