The first wave of cuts were explained to Meta executives Thursday morning
The company is trying to use the technology with text-like chats in Meta’s messaging apps WhatsApp and Messenger
As an economic downturn looms, the average blue-chip company is expected to be in balance sheet repair mode
Digital transformation investments in the Middle East, Türkiye and Africa are set to more than double across the 2021–2026 period
In order to get a better understanding of the mixed emotions surrounding the metaverse, Meta commissioned a study of nearly 2,000 employees and 400 business leaders around the world
The Oversight Board, which was conceived by and funded by Meta and is comprised of 20 journalists, academics and politicians, began assessing cases last year
The Irish Data Protection Commission levied the fine following a probe that found the social-media company had failed to apply strict safeguards
In recent earnings reports, Alphabet, Amazon, Meta Platforms, Microsoft and others fell short of projections, sending shares plunging and shaving hundreds of billions of dollars from their market valuations
The company has also extended its hiring freeze through Q1 of next year, with a small number of exceptions
In the third quarter, Meta posted revenue of $27.7bn, slightly beating analysts’ average estimate for $27.4bn
The company’s expansion comes following a recently announced $70m growth funding round led by Activate Capital
Meta may sell $8bn to $10bn of debt depending on demand, with proceeds used for general corporate purposes
With many of the biggest tech giants poised to report earnings in the next two weeks, investors are bracing for mostly bad news
Significant numbers of employees are moving from tech firms like Amazon.com and Microsoft to fintech companies
Additional profiles are required to adhere to Facebook’s content policies and will tie back to user’s core account
Javier Olivan, who has led the company’s growth efforts for years, will take Sandberg’s place as COO when she formally steps down in fall
The companies will work together on use cases that integrate with the latest Meta products and solutions
The new base will serve the Middle East and North Africa region
The Ministry of Economy’s Entrepreneurial Nation project intends to provide support to startups through a series of public-private partnerships
Meta believes AI Research SuperCluster to be among the fastest AI supercomputers when fully built out by mid-2022
The announcement was made at Facebook’s Connect conference