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“Facebook’s Meta reports first ever revenue drop” Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with a global recession looming and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 3.4% in extended trading. The company said it expects…
One of the world’s most popular social media platforms, TikTok, is now host to a steady stream of deepfake videos. Deepfakes are videos in which a subject’s face or body has been digitally altered to make them look like someone else – usually a famous person. One notable example is the @deeptomcriuse TikTok account, which has posted…
” NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues “ Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter. A spokesperson for Meta, the…
“I was one of Facebook’s first employees and it was very strange – Zuckerberg waved sword at us” An entrepreneur who used to work at Facebook has shared his experience while at the tech giant. Noah Kagan took to TikTok to list the “weirdest” things that happened while he worked for one of the world’s…
“Sheryl Sandberg ‘used Facebook employees to help write book’: report” Facebook’s parent company Meta is investigating whether outgoing COO Sheryl Sandberg improperly used company employees and resources to work on her personal projects, including writing a book and promoting her foundation, according to a report. The 52-year-old Sandberg, who announced last week that she was…
“Meta investigated Sheryl Sandberg for using corporate resources to plan wedding: report” Departing Meta executive Sheryl Sandberg announced her resignation from the tech giant during an ongoing probe into her alleged use of corporate resources to plan her wedding, according to a report Thursday. Sandberg, 52, shocked the business world Wednesday with her decision to…
“Meet Javier Olivan, Sheryl Sandberg’s replacement and Meta’s new COO” The man stepping into the oversize shoes Meta COO Sheryl Sandberg will leave behind has kept a low profile during his nearly 15 years at the company and has barely any social media presence. Javier Olivan, a 44-year-old native of Spain who helped spread Facebook’s…
“World’s 50 richest people have lost half a trillion dollars this year” The 50 wealthiest people in the world have lost more than half a trillion dollars this year due to the tanking stock market, according to the latest figures compiled by Bloomberg Billionaires Index. The top 50 richest, which includes Tesla CEO Elon Musk,…
“Mark Zuckerberg banned Meta employees from talking about abortion” Facebook’s parent company is ordering its employees to stop talking about abortion. An executive at Meta Platforms told employees on Thursday that they are not allowed to discuss the contentious issue during office hours due to “an increased risk” that the company would be perceived as…
“Mark Zuckerberg doesn’t expect Meta layoffs despite stock crash: report” Mark Zuckerberg is reportedly telling Meta employees that he has no plans for layoffs — even as the company vows to tighten its belt with its stock down 43% so far this year. After the Facebook and Instagram parent company instituted hiring freezes for many…