#Facebook parent Meta pays $725M to settle Cambridge Analytica suit

#Facebook parent Meta pays 5M to settle Cambridge Analytica suit

#Facebook parent Meta pays $725M to settle Cambridge Analytica suit

Admin3 years ago06 mins

“Facebook parent Meta pays $725M to settle Cambridge Analytica suit” Facebook owner Meta Platforms has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in a court filing late Thursday, would resolve a long-running lawsuit prompted by revelations…

# Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

Admin4 years ago07 mins

” Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg “ Meta CEO Mark Zuckerberg is still hopeful about the company’s Metaverse plans regardless of the billions of dollars it’s sucking up from the company, claiming “someone has to build that.” Appearing remotely for an interview at the Nov. 30 DealBook Summit in New…

# The metaverse is happening without Meta’s permission

Admin4 years ago014 mins

” The metaverse is happening without Meta’s permission “ In changing the name of its parent company to Meta, Facebook put a stake in the ground: It would be the symbol of the evolution of the internet, the metaverse. Whether we liked it or not. According to Meta, the metaverse is “a set of digital…

#Meta ditches office space at Hudson Yards as tech giant cuts costs

Admin4 years ago08 mins

“Meta ditches office space at Hudson Yards as tech giant cuts costs” Facebook’s parent company Meta is ditching office space that it rented out at the Hudson Yards complex in New York City — the latest sign of belt-tightening at the Silicon Valley-based tech giant that recently laid off thousands of employees. Meta will vacate…

#Meta stock climbs on ‘false’ report Mark Zuckerberg planned to resign as CEO

Admin4 years ago04 mins

“Meta stock climbs on ‘false’ report Mark Zuckerberg planned to resign as CEO” Meta shares jumped 1% Tuesday on an apparently false report that top boss Mark Zuckerberg was planning to step down as CEO in 2023. The report — which was quickly denied by Meta — came as Zuckerberg faces mounting pressure from furious…

#Meta job cuts put chill on Mark Zuckerberg’s office footprint in NYC

Admin4 years ago02 mins

“Meta job cuts put chill on Mark Zuckerberg’s office footprint in NYC” Mark Zuckerberg’s announcement that he’s cutting 11,000 jobs from Meta, or 13% of the tech giant’s workforce, sent shivers through Manhattan’s commercial corridors. The company previously called Facebook was on a real estate expansion roll even during the pandemic, when Zuckerberg said he expected…

#Fired workers slam Meta for conducting layoffs by email

Admin4 years ago08 mins

“Fired workers slam Meta for conducting layoffs by email” Fired Meta employees expressed shock and disappointment Wednesday after learning they were caught in Mark Zuckerberg’s bloodbath – with some grumbling about the fact they learned they had been laid off by email. Earlier Wednesday, Zuckerberg revealed that Meta had fired more than 11,000 employees, or…

#Facebook Owner Meta to Lay Off 11,000 Employees as Tech Sector Continues to Feel the Pain

Admin4 years ago02 mins

Facebook Owner Meta to Lay Off 11,000 Employees as Tech Sector Continues to Feel the Pain Major layoffs are hitting Facebook and Instagram owner Meta Platforms Inc. as the company says it wil lay off about 11,000 employees, or about 13% of its global workforce. CEO Mark Zuckerberg announced the decision in an email to…

#’Everyone at Twitter hates him now’

Admin4 years ago014 mins

“‘Everyone at Twitter hates him now’” In the league of legends of Silicon Valley, Jack Dorsey — the co-founder of Twitter who stepped down as CEO a year ago this month — has long had a reputation as the cool hippie with the beard who likes to go off and meditate in between dating models and…

# FTX CEO dissects Mark Zuckerberg’s intent to pump B/year into Meta

# FTX CEO dissects Mark Zuckerberg’s intent to pump $10B/year into Meta

Admin4 years ago03 mins

” FTX CEO dissects Mark Zuckerberg’s intent to pump $10B/year into Meta “ Facebook’s rebranding into Meta was Mark Zukerberg’s latest attempt to retain dominance in the social media world of Web3, specifically, the Metaverse. On the occasion of Meta completing one year on the rebrand, Sam Bankman-Fried (SBF), the CEO of the crypto exchange…