Meta’s chief executive, Mark Zuckerberg, called 2023 the “year of efficiency,” a pronouncement that is reassuring investors and sparking a wider rally in tech stocks.
Category: Meta Platforms Inc
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Wall Street Likes Meta’s Plans to Cut Costs
The New York Times – Business: -
Meta Posts $4.2 Billion Restructuring Charge
The New York Times – Business:The company, which is in the midst of shifting to become a metaverse business, also forecast revenue would beat Wall Street predictions.
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Meta Posts $4.2 Billion Restructuring Charge
The New York Times – Business:The company, which is in the midst of shifting to become a metaverse business, also forecast revenue would beat Wall Street predictions.
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Judge Said to Allow Meta’s Deal for Virtual Reality Start-Up to Move Forward
The New York Times – Business:The ruling, which is under seal, is a defeat for the Federal Trade Commission, which tried to block Meta’s deal with a rarely used antitrust argument.
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Meta to Reinstate Trump’s Facebook and Instagram Accounts
The New York Times – Business:Donald Trump had been barred from the social media platforms after the Jan. 6, 2021, storming of the Capitol. Twitter reinstated him last year.
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How Big Tech Layoffs Stack Up With the Rest of Their Work Forces
The New York Times – Business:Some of the biggest tech companies have announced tens of thousands of job cuts. But even after the layoffs, their work forces are still behemoths.
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Tech Layoffs Shock Young Workers. The Older People? Not So Much.
The New York Times – Business:The industry’s recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.
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Meta’s Oversight Board Calls for Overhaul of Nude Photo Standards
The New York Times – Business:A dispute over photos of bare chests with the nipples covered, posted on Instagram by a transgender and nonbinary couple, has prompted a call for the platform to clarify its content guidelines.
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Facebook’s Bridge to Nowhere
The New York Times – Business:The tech giant had already remade the virtual world. For a brief period, it also tried to make it easier for people in the Bay Area to get to work. Then it gave up.
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Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law
The New York Times – Business:The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
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Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law
The New York Times – Business:The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
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How Sam Bankman-Fried Negotiated His Bail
The New York Times – Business:Intense legal wrangling led to the disgraced crypto mogul paying virtually nothing to live with his parents ahead of his upcoming trial. He returns to court on Tuesday.