Here’s just one example of the financial impact of the malaise that Facebook parent company Meta finds itself mired in these days. As of mid-day on Monday, November 14, Meta’s stock price has fallen so precipitously — pulling the market cap of CEO Mark Zuckerberg’s empire down with it — that the company behind the …
Today, Meta’s CEO Mark Zuckerberg announced the company will lay off about 13% of its workforce, more than 11,000 employees, to “become a leaner and more efficient company by cutting discretionary spending and extending hiring freeze through Q1.” This announcement comes amid slow revenue this year due to increased competition and ads signal loss.
A manic obsession with ads, shoving them in the face of users at every turn. Chasing relevance, instead of earning it. Flinging half-baked new features and services out to the public, with minimal to non-existent marketing, only to shutter them after inevitably low traction. And, of course, the inviolable truth that the dilettante boy king …
It’s no secret that Mark Zuckerberg hates the hold that mobile operating systems have over its platform, especially Apple’s iPhone. We already know that the CEO of Facebook (now called Meta) wants to deliver a killing blow to the iPhone with the help of augmented reality (AR) glasses. AR glasses wouldn’t need to be paired …
The document dump that Facebook whistleblower Frances Haugen supplied to a consortium of news publishers, which began publishing a flurry of stories derived from the documents on Monday, revealed, among other things, that Facebook’s leadership has identified a new existential threat to the social networking giant: Old people. More specifically, the users who remain — …
The world didn’t need a Facebook whistleblower to realize how toxic Facebook is. But that’s what Frances Haugen did in the past few weeks. The former Facebook employee leaked internal documents that show Facebook was aware of how unsafe its social products can be, including Facebook and Instagram. Facebook CEO Mark Zuckerberg only reacted publicly …
Facebook whistleblower Frances Haugen testified on Tuesday before the Senate Committee on Commerce, Science, and Transportation. Haugen’s testimony came after a few tumultuous weeks for Facebook. The whistleblower worked with The Wall Street Journal to expose Facebook’s knowledge of the kind of harmful content on its platform can do to Facebook customers. Haugen then appeared …
In the lead-up to Monday’s arrival of the long-awaited iOS 14.5 — the new version of Apple’s mobile operating software that strikes a blow against the creepy user tracking underpinning Facebook’s business model — there was a particular dynamic that consistently dominated much of the press coverage. Things tended to be put in pretty binary …
Today is the day that Facebook CEO Mark Zuckerberg has been dreading for more than a year, possibly even extending back to a private encounter he had with Apple CEO Tim Cook back in July 2019 at the annual Allen & Company investment bank conference that’s regularly attended by America’s corporate elite. The arrival on …
University student Zamaan Qureshi, who works on social media for the ad-hoc group of activists who call themselves the Real Facebook Oversight Board, was gobsmacked enough by news about the massive Facebook data leak from a few days ago that he decided to do some digging. First, he looked himself up on the “Have I …
