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The Chief Technology Officer for VR at Meta, John Carmack, has left his role. Carmack is well-known in the VR community and is the creator of games like Doom and Quake. Carmack detailed his disagreements with the CEO of the firm, Mark Zuckerberg, in a lengthy Facebook post. He spent more than eight years working […]
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Facebook parent company Meta Platforms Inc announced on Wednesday that it would lay off 13% of its workforce, or more than 11,000 workers, as part of a plan to cut costs at the social media platform in the wake of disappointing earnings, rising costs, and a weak ad market. This is one of the most […]
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On Thursday, Mark Zuckerberg lost up to $31 billion when Meta Platforms Inc’s shares fell 26%, wiping down roughly $251 billion in market value. According to sources, the largest single-day market value wipeout in history has reduced founder and CEO Zuckerberg’s net worth to $85 billion. Zuckerberg controls around 12.8 percent of Meta Inc, formerly […]
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As it ramps up expenditure to execute Chief Executive Mark Zuckerberg’s late-year metaverse pivot, Facebook parent Meta Platforms Inc. is projected to announce increased sales but a minor fall in profit. Facebook’s parent company, Meta, announced that its Reality Labs division lost $3.3 billion in the previous quarter. Reality Labs is the section in charge […]
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Once again, Instagram and WhatsApp were unavailable. On the evening of November 19, many users throughout the world were unable to access Meta’s social media sites. The number of complaints on Downdetector rose significantly between 10 p.m. and 11:30 p.m. IST. Fortunately, the problem was quickly resolved, and both services are back up and running. […]
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Rather than being known as Facebook, the company will now go by the moniker Meta Platforms Inc. A new logo went along with the name change, which featured an infinite symbol (eerily similar to Hyperloop’s emblem). “We are at the beginning of the next chapter for the internet, and it’s also the next chapter for […]
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Senior Facebook staffers are concerned about the company’s struggle to keep youngsters engaged after more than a decade of failing to recruit younger users. According to a whistleblower, when queried by analysts about growth forecasts, Facebook executives often paint a more rosy image than what is shown in internal data. Former Facebook product manager Frances […]
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The Verge reported on Tuesday that Facebook Inc will rebrand itself with a new name next week, citing a source with firsthand knowledge of the situation. According to The Verge, Facebook CEO Mark Zuckerberg wants to discuss the name change during its annual Connect conference on Oct. 28, although it might be revealed sooner. Facebook […]
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Facebook, WhatsApp, and Instagram were down again in the early hours of October 9, just days after the massive social media outage. Several users flocked to Twitter to confirm that Facebook’s three primary services were down again throughout the world. This time, though, the outage was shorter in duration and only affected a lesser number […]
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For the first time, Facebook Inc. Chief Executive Officer Mark Zuckerberg responded to a recent string of adverse reports about the corporation, saying charges that the company prioritizes profit before user safety are “simply not accurate.” “It’s frustrating to see media coverage that misrepresents our work and motivations. At the most basic level, I believe […]
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