Meta and Snap stock prices sink despite the TikTok ban being upheld by the Supreme Court
Shares in TikTok competitors were little helped on Friday after the high court let the ban stand, indicating that investors are not convinced it will happen. Today, the United States Supreme Court announced its ruling to uphold the TikTok ban.
Meta Platforms is ending its fact-checking program. That could be risky for the stock
The decision to retreat from its attempts to stem a rising tide may not pay off for the business, and it could spell bad news for the stock.
Leaked Zuckerberg Memo Warns Of Meta Layoffs And ‘Intense Year’ Ahead
According to an internal memo, Meta plans to cut 5% of its workforce in February. What's ahead for the parent of Facebook - and its employees?
Meta could rake in billions in ad dollars if TikTok is banned
Meta stands to be one of the largest beneficiaries of a TikTok ban in the US, analysts say. Through ad dollars alone, Meta could rake in up to $3.38B.
Meta ends diversity programs, joining McDonald's, Walmart and other major companies to back off DEI
Meta confirms Axios report that the company is is axing its diversity, equity and inclusion efforts, including for hiring and training.
A lawyer says he dropped Meta as a client after what he called a 'descent into toxic masculinity' by Zuckerberg's company
Mark Lemley, who represented Meta in a copyright case, said he was no longer working for Mark Zuckerberg's company following its recent policy changes.
Zuckerberg lawyer skewers his ‘toxic masculinity and Neo-Nazi madness’ as he drops Meta as client
I cannot in good conscience serve as their lawyer any longer,’ intellectual property attorney Mark Lemley writes
Meta's 'Community Notes' model will not apply to paid ads
Facebook parent Meta's "Community Notes", similar to that used on Elon Musk-owned social media platform X, will not apply to paid ads when they arrive later this year, a person familiar with the matter told Reuters on Thursday.
Meta Quest 3S Data Is A Warning Of The Future For VR Fans
Meta's affordable Quest 3S VR headset does not appear to be having anything like the impact of the original smash hit Quest 2 according to analyst data.
Not Many Meta Employees Will Have to Move to Texas After All
Mark Zuckerberg said content moderation teams in California will relocate to Texas to help reduce bias. In practice, employees aren’t expecting many forced relocations.
Meta to cut 5% of employees deemed unfit for Zuckerberg’s AI-fueled future
Bloomberg reviewed the internal memo explaining the cuts, which was posted to Meta's internal Workplace forum Tuesday. In it, Zuckerberg confirmed that Meta was shifting its strategy to "move out low performers faster" so that Meta can hire new talent to fill those vacancies this year.
In Meta’s case, greed prevails
One writer says that Mark Zuckerberg's decision to abandon efforts to stem misinformation on Meta's platforms is a mercenary ploy to curry favor with the incoming Trump administration.