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Mark Zuckerberg Defends Push Toward Metaverse At DealBook Summit

Facebook Inc Hiccups Layoffs and Job Reductions Meta Platforms Inc Metaverse (Internet) Social Media Sorkin, Andrew Ross

Mark Zuckerberg Defends Push Toward Metaverse At DealBook Summit

The company has poured billions into the construction of the metaverse, which has been slow to take off.

By Ryan Mac

Meta Fined $275 Million for Breaking E.U. Data Privacy Law

Computers and the Internet Europe European Union Facebook Inc Fines (Penalties) General Data Protection Regulation (GDPR) Ireland Meta Platforms Inc Regulation and Deregulation of Industry Social Media

Meta Fined $275 Million for Breaking E.U. Data Privacy Law

The penalty, imposed by Irish data regulators, brings European fines against Facebook’s parent company to more than $900 million since last year.

By Adam Satariano

A Verified Mess: Turmoil From Twitter to FTX

Bankman-Fried, Sam Facebook Inc HK FTX Trading Ltd (Futures Exchange) Meta Platforms Inc Musk, Elon Science and Technology Twitter

A Verified Mess: Turmoil From Twitter to FTX

Plus: Is the latest round of tech layoffs a sign of impending doom, or a much-needed structural correction?

By RSS Feed

Meta Lays Off More Than 11,000 Employees

Computers and the Internet Facebook Inc Instagram Inc Labor and Jobs Layoffs and Job Reductions Meta Platforms Inc Metaverse (Internet) Social Media Virtual Reality (Computers) WhatsApp Inc

Meta Lays Off More Than 11,000 Employees

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.

By Sheera Frenkel