Meta begins its latest round of layoffs Jon Fingas @jonfingas Meta has started the layoffs it announced in March. The company has confirmed that it’s letting go of the first wave of the roughly 10,000 affected employees. CNBC notes that this initial round of job cuts focuses on technical roles, such as software … Continue reading Meta begins its latest round of layoffs
By Michael Grothaus April 19, 2023 Meta Platforms is expected to announce a third round of layoffs today, according to reports from Vox and Bloomberg. The layoffs follow two previous rounds of job cuts at Meta, which laid off 11,000 employees back in November and, just last month, announced that an additional 10,000 employees … Continue reading Meta mass layoffs: Another round of job losses will reportedly hit Facebook, Instagram, WhatsApp
The Justice Department is suing Google to break up its ad business Igor Bonifacic @igorbonifacic Alongside eight states, the US Department of Justice is suing Google to break up the company’s advertising business. In a complaint filed Tuesday with a federal court in Virginia, the agency accused Google of illegally monopolizing the digital advertising … Continue reading Senate bill seeks to break up Google and Meta ad businesses
By Chris Morris March 16, 2023 Meta’s announcement on Tuesday that it planned to lay off another 10,000 workers and not fill 5,000 job openings rightfully captured most of the attention from Wall Street and onlookers. But buried in Mark Zuckerberg’s latest “year of efficiency” announcement was news of what seems to be … Continue reading Lost in the most recent Meta layoffs? The company’s shift to AI
Meta Introduces LLaMA, Large Language Model That Runs On Less Power by Laurie Sullivan @lauriesullivan, February 24, 2023 Meta will release a new large language model (LLM) it calls LLaMA, which is designed to help researchers advance their work in artificial intelligence, the company’s CEO Mark Zuckerberg announced in a Facebook post on Friday. LLMs are what … Continue reading Meta Introduces LLaMA, Large Language Model That Runs On Less Power
Meta is laying off more than 11,000 employees Karissa Bell @karissabe Meta is reducing the size of its workforce by about 13 percent and letting more than 11,000 of its employees go in the first mass layoffs in the company’s history. Mark Zuckerberg has announced the move in a message to employees, which Meta … Continue reading Meta reportedly plans more job cuts
By Barbara Ortutay—Associated Press February 01, 2023 Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition from rivals such as TikTok. But the company’s stock soared in extended trading, as its revenue beat Wall Street’s muted expectations and the Menlo … Continue reading Meta stock skyrockets as Facebook parent company announces buybacks
Whistleblower explains how Cambridge Analytica ‘exploited’ Facebook Richard Lawler @Rjcc Last night Facebook announced bans against Cambridge Analytica, its parent company and several individuals for allegedly sharing and keeping data that they had promised to delete. This data reportedly included information siphoned from hundreds of thousands of Amazon Mechanical Turkers who were paid to use … Continue reading Meta settles Cambridge Analytica class-action lawsuit for $725 million
Meta, IRI ‘Closed-Loop’ Tool Helps Retailers Measure Impact Of Shopper Marketing by Ray Schultz , January 5, 2023 Retailers using Meta’s Instagram and Facebook platforms will now have access to a tool from IRI that provides brand and product sales results. The solution, Ansa, is an IRI-powered SaaS platform designed to measure shopper marketing. Its … Continue reading Meta, IRI ‘Closed-Loop’ Tool Helps Retailers Measure Impact Of Shopper Marketing
Ireland’s data privacy board punishes Meta for effectively forcing users to accept targeted ads. Kim Davis on January 4, 2023 The Irish data privacy board has imposed a fine of 390 million Euros ($ 414 million) on Meta over advertising practices that are illegal under European Union law. Because Meta’s European operations are based in … Continue reading EU hits Meta with $414m fine over advertising practices
