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US recommends approving Google, Meta undersea data cable to Asia
The Biden administration on Friday recommended Alphabet's Google and Facebook parent Meta get permission to use an undersea cable system to handle growing internet traffic with Asia.
Meta shares sink 20 pct as Facebook loses daily users for the first time
Facebook owner Meta Platforms Inc's shares plunged more than 20 percent late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple's privacy changes and increased competition for users from rivals like TikTok.
EU negotiators agree landmark law to curb Big Tech
Negotiators from the European Parliament and EU member states agreed Thursday on a landmark law to curb the market dominance of US big tech giants.
March 24, 2022 | 10:57 pm PT
Meta shares surge after Facebook ekes out user growth
Facebook rebounded from a drop in users early this year and its parent Meta posted a profit ahead of Wall Street targets, defying low investor expectations with a quarterly report that sent shares up 20 percent.
April 27, 2022 | 05:58 pm PT
Meta slashes hiring plans, girds for 'fierce' headwinds
Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30% this year, as CEO Mark Zuckerberg warned employees to brace for a deep economic downturn.
June 30, 2022 | 06:41 pm PT
As Zuckerberg bets on TikTok-style videos, Meta heads for first-ever revenue drop
Meta's future may lie in the metaverse, but when the company reports results on Wednesday, investors will be focused on two more immediate bets: pumping up short-video offering Reels to compete with TikTok and rebuilding its ads system after Apple throttled access to user data.
July 26, 2022 | 06:27 pm PT
Meta raises $10 billion in first-ever bond offering
Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.
August 9, 2022 | 06:03 pm PT
S.Korea fines Google, Meta billions of won for privacy violations
South Korea levied tens of millions of dollars in fines on Alphabet's Google and Meta Platforms for privacy law violations, authorities said on Wednesday.
September 14, 2022 | 01:50 am PT
YouTube, Meta will expand policies, research to fight online extremism
Major tech companies on Thursday committed to taking fresh steps to combat online extremism by removing more violent content and promoting media literacy with young users.
September 15, 2022 | 06:47 pm PT
Meta's new Quest Pro headset, mixing real and virtual worlds, makes debut
Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for Chief Executive Mark Zuckerberg's break into the higher-end market for extended reality computing devices.
October 11, 2022 | 11:38 pm PT
Facebook parent Meta is preparing large-scale layoffs this week, Wall Street Journal reports
Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday.
November 6, 2022 | 05:50 pm PT
Meta will begin laying off employees on Wednesday morning
Meta Platforms Inc will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday, the Wall Street Journal reported.
November 9, 2022 | 01:34 am PT
Meta cuts 11,000 jobs as it sinks more money into the metaverse
Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation.
November 9, 2022 | 08:42 am PT
Vietnamese students, engineers in US gutted by mass tech layoffs
It was a week since he got an unexpected termination email from Meta in early November, but Minh Pham was still reeling from its effect.
November 29, 2022 | 07:46 pm PT
Meta battles US antitrust agency over future of virtual reality
The Biden administration on Thursday accused Meta Platforms Inc of trying to buy its way to dominance in the metaverse, kicking off a high-profile trial to try to prevent the Facebook parent from buying virtual reality app developer Within Inc.
December 8, 2022 | 08:13 pm PT
Facebook parent Meta to settle Cambridge Analytica scandal case for $725M
Facebook owner Meta Platforms Inc 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.
December 22, 2022 | 11:27 pm PT
Meta's Facebook, Instagram back up after brief outage
Meta Platforms Inc's Facebook and Instagram were back up for most users after a brief outage, the company said on Wednesday
February 8, 2023 | 07:33 pm PT
Meta to test monthly subscription service priced at $11.99
Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge, as it looks to help content creators grow and build communities.
February 19, 2023 | 06:29 pm PT
Instagram back up after global outage affecting thousands of users
Meta Platform Inc's Instagram was back up for most users, the company said on Sunday, after a technical issue that disrupted services to thousands of people had been resolved.
May 21, 2023 | 06:44 pm PT
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