What Is the Metaverse, and Will It Be Worth the Wait?
Imagine a three-dimensional online world where you teleport from your London office to a meeting room in Singapore, shop at a digital replica of your favorite clothing store then join a friend for a round of virtual golf. To some, this aspirational version of the internet known as the metaverse is the future of human interaction. Facebook founder Mark Zuckerberg changed the company’s name to Meta Platforms Inc. and is pouring billions of dollars a year into efforts to dominate this “next frontie
washingtonpost.comFacebook parent company Meta laying off 11,000 employees — about 13% of its workforce
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
chicagotribune.comMusk'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.
Meta could begin large-scale layoffs this week, report says
An avatar of Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Facebook parent Meta could begin large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal. The layoffs are expected to impact thousands of employees, the report said, and the move would mark the first major headcount reduction in Meta's history. A Meta spokesperson declined to comment and referred CNBC to Zuckerberg's comments on the company's latest earnings call last month. In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today."
cnbc.comStar witness testifies at California sheriff's civil trial
A former manager for a Silicon Valley security business that worked with Facebook has testified at a sheriff’s civil corruption trial that he and the company’s CEO agreed to provide political donations in exchange for concealed-weapons permits.
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.