After years of expansion and billions in profits, Big Tech is pulling back from its famously lavish spending as a long boom finally ends.
Category: Meta Platforms Inc
-
Tech’s Biggest Companies Discover Austerity, to the Relief of Investors
The New York Times – Business: -
Meta Soars by Most in Decade, Adding $100 Billion in Value
The New York Times – Business:Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
-
Meta Soars by Most in Decade, Adding $100 Billion in Value
The New York Times – Business:Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
-
Wall Street Likes Meta’s Plans to Cut Costs
The New York Times – Business: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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.