A 2nd wave of layoffs at Facebook parent Meta, 10,000 jobs are cut
Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. In addition to the layoffs, Meta said Tuesday that it would not fill 5,000 open positions. Meta and other tech companies have been hiring aggressively for at least two years and in recent months have begun to let some of those workers go. Zuckerberg has invested tens of billions of dollars building out its metaverse, its virutal reality concept, and renamed the company Meta, signaling a new focus for Facebook. The biggest tech companies in the U.S. are cutting costs elsewhere, too.
mlive.comAfter losing billions of dollars on the metaverse, Mark Zuckerberg's launching a 'top-level' team at Meta to develop AI products for WhatsApp, Messenger, and Instagram
Meta's foray into generative AI follows a rush into the technology after chatbot ChatGPT went viral following its release in November.
news.yahoo.comBill Gates joins 26 newcomers on list of 50 biggest donors
As the ranks of America’s super wealthy grow, the roster of major philanthropists is expanding to include not-so-typical megadonors — among them, a professional clarinetist, a Ph.D. in meat science, and a lawyer who regularly argues before the U.S. Supreme Court.
Musk's partisan tweets call Twitter neutrality into question
Elon Musk used his Twitter megaphone to appeal to “independent-minded voters” on Monday, urging them to vote Republican in Tuesday’s U.S. midterm elections, stepping into the country’s political debate that tech company executives have for years worked to stay out of so their platforms wouldn’t be seen as favoring one side over the other.
Facebook parent settles suit in Cambridge Analytica scandal
Facebook’s corporate parent has reached a tentative settlement in a lawsuit alleging the world’s largest social network service allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s victorious presidential campaign in 2016.
Boards for Meta, Twitter face backlash from NY pension fund
A major New York pension fund that has invested in both Facebook’s corporate parent and Twitter believes it’s time to shake up the companies’ boards of directors because of their inability to keep violent content off their influential social media services.
Did Amazon violate federal laws? Lawmakers ask for DOJ probe
Lawmakers have made good on their threat to seek a criminal investigation of Amazon, asking the Justice Department to investigate whether Amazon and its senior executives obstructed Congress or violated other laws in testimony on its competition practices.
Chan, Zuckerberg fighting Native American vaccine hesitancy
Dakota and Navajo actor Dallas Goldtooth joins other influencers — people who have earned the community’s trust — in a two-phase public outreach effort by nonprofit organizations IllumiNative, the Urban Indian Health Institute, and 13 Native groups in states including Alaska, Minnesota, and California.