Mark Zuckerberg

Stories 41 - 60 | << Prev   Next >>

Meta Says It Lost Nearly $14B on VR Project Last Year

Zuckerberg says 2023 will be 'year of efficiency'

(Newser) - While Mark Zuckerberg's bet on virtual reality could still pay off, it's definitely been an expensive gamble: Meta said Wednesday that its Reality Labs division had a $4.28 billion operating loss in the fourth quarter of 2022, bringing its losses for the year to $13.7 billion,...

Mark Zuckerberg Has a Problem With Apple, Too

CEOs of Meta, Spotify, Fortnite also complain of company's 'monopoly'

(Newser) - Elon Musk may have eased his censure of Apple , but his initial attacks have ushered in a heap of criticism from elsewhere. Fellow billionaire Mark Zuckerberg echoed Musk's complaints that Apple has too great a hold on the app market on Wednesday. "Apple has sort of singled themselves...

'I Got This Wrong': Meta to Move Forward With Mass Cuts

Mark Zuckerberg announces workforce will shrink by 13%

(Newser) - Meta CEO Mark Zuckerberg on Wednesday confirmed that the first mass layoffs in the company's history are happening, with 11,000 "talented employees"—or 13% of the workforce—to be cut. Meta's hiring freeze will also persist through Q1. The Wall Street Journal confirms it marks...

For First Time, Zuckerberg Readies Mass Layoffs

Meta, parent of Facebook, will reportedly lay off thousands of people this week

(Newser) - Twitter employees aren't the only tech staffers facing a bleak November : Facebook parent company Meta is expected to announce its biggest wave of layoffs since Mark Zuckerberg founded it in 2004, reports the New York Times . The numbers are unclear, but Wall Street Journal predicts "many thousands" of...

Meta Stock Plummets After Dismal Earnings Report
Meta Stock Plunges
After a Dismal
Earnings Report
the rundown
Oct 27, 2022 12:00 AM CDT

Meta Stock Plunges After a Dismal Earnings Report

Analysts are concerned about the future of Facebook's parent company

(Newser) - Meta's third-quarter earnings call Wednesday did not have great news for investors: For the second consecutive quarter, revenue declined, and it's forecasted to do so again next quarter. Meanwhile, costs and expenses rose 19% year over year. Shares plummeted in extended trading after the call, continuing what CNBC...

Tech Tycoons Have Had a Rough Year. None Like Zuckerberg

Meta CEO has hemorrhaged $71B since Jan. 1—more than half his wealth

(Newser) - Don't worry, Mark Zuckerberg is still a billionaire—but he's lost many, many of those billions over the past several months. In what Bloomberg describes as a rough year for most tech billionaires, it's been an especially bumpy one for the Meta CEO: He's lost $71...

Sources: Note in Exploded Package Named Famous Person

Writer slammed Mark Zuckerberg, VR developers: law enforcement officials on Northeastern incident

(Newser) - Update: A hard plastic container that exploded at Northeastern University on Tuesday evening contained a note criticizing the relationship between universities and virtual reality developers—and that called out Meta CEO Mark Zuckerberg specifically. That's according to CNN , which cites law enforcement sources. ABC News also describes "an...

Cambridge Analytica Deal Averts Zuckerberg Deposition

Facebook reaches tentative agreement on privacy lawsuit

(Newser) - Facebook has agreed to settle a lawsuit over enabling Cambridge Analytica to access the private data of millions of users, a deal that will let Mark Zuckerberg avoid answering up to six hours' worth of questions for a deposition. A court filing entered late Friday asks for 60 days for...

Zuckerberg: FBI Caution Led to Limiting Story on Hunter Biden

Facebook founder defends process in interview with Joe Rogan

(Newser) - When the New York Post published a story saying then-Vice President Joe Biden was involved in his son Hunter's business machinations in Ukraine, shortly before the 2020 presidential election, Facebook restricted sharing of the article. Twitter did, too. Facebook's founder says the decision was made after warnings about...

Any Guesses on Who This Young Player Is?

Old card featuring Mark Zuckerberg will be auctioned in physical form and as an NFT

(Newser) - Allie Tarantino is hoping that a signed baseball card featuring one of the richest men in the world will bring a fortune when it is put up for auction next month, per the AP . “It’s like my version of a midlife crisis. I’m 50 years old—what...

Employee&#39;s Question Irks Mark Zuckerberg
Things
Are Getting
Intense at Meta
Jul 27, 2022 2:52 PM CDT

Things Are Getting Intense at Meta

Case in point, the memo titled 'Operating With Increased Intensity'

(Newser) - The Verge got its hands on a recording of an internal all-hands meeting at Meta, and the Verge's take is that it paints Mark Zuckerberg in three lights: as a general girding for battle, as a visionary who is unshakable in his belief that the money-sucking metaverse will propel...

'Eat the Rich' With Popsicles Shaped Like Musk, Bezos

MSCHF artists collective has ice cream trucks in NYC, LA with the billionaire-shaped treats

(Newser) - If you're in New York City or Los Angeles on Wednesday and want to work out your angst against capitalism, there's a frozen treat waiting for you, modeled after the world's richest men. Just stop by what's being deemed a "unique art pop-up" by CBS...

Sheryl Sandberg Plans 'Next Chapter'

Facebook's No. 2 says she'll leave her job in the fall

(Newser) - Sheryl Sandberg, the most prominent Facebook executive after Mark Zuckerberg and an advocate for women in the workplace, announced Wednesday that she'll leave her post as chief operating officer in the fall. "When I took this job in 2008, I hoped I would be in this role for...

One Person Owning Twitter Worries Experts

On unregulated social media, Elon Musk's power would have few checks

(Newser) - The power of social media companies already concerns many, especially experts and some people in the industry. The platforms can influence what users believe and push them to do things they otherwise wouldn't, such as taking part in violent protests, said Shoshana Zuboff, a retired Harvard professor who wrote...

Zuckerberg's Security Costs Reach Princely Sums

Facebook parent Meta spent $27M last year to keep him safe

(Newser) - Facebook parent company Meta saves a lot of money on salary and bonuses for its CEO, as Mark Zuckerberg receives only a token $1 per year. His security costs, on the other hand, are another story. The company revealed in an SEC filing that it paid a record $26.8...

AM Routine Helps Zuckerberg Cope with Daily Bad News

Morning headlines and emails often leaving him feeling like he's been 'punched'

(Newser) - Most mornings, Mark Zuckerberg awakens to what he calls "a fair amount of bad news and new things that I need to absorb," per Insider , which quotes a recent interview on the Tim Ferriss Show . To relieve himself and prepare for the day ahead, Zuck explains he tries...

Dirty Laundry at Meta Signals a Changing Culture

The perks of working in Silicon Valley are lessening but not vanishing

(Newser) - Mark Zuckerberg and Meta can act as low-hanging fruit to anyone who likes to disparage tech billionaires and their empires. Sometimes, employees are also easy picking, thanks to compensation and benefits that may seem lavish to many Americans. Consider the Meta engineer who took to the anonymous professional network Blind...

Is Mark Zuckerberg a Robot? Traffic Lights Reveal the Truth

Podcaster asks Zuckerberg to prove he's not 'Zuckerborg'

(Newser) - Mark Zuckerberg has long known that he comes across as, well ... not quite human, acknowledging in a 2019 interview that "historically, I've had a very hard time expressing myself. ... I just come across as robotic." One computer scientist and AI researcher recently decided to carry out a...

Meta Zaps &#39;Openness&#39; From Its Values
Meta's Rebranding
Continues—to Laughs
THE RUNDOWN
Feb 16, 2022 10:30 AM CST

Meta's Rebranding Continues—to Laughs

Twitter users, employees ridicule changes announced Tuesday

(Newser) - Controversy-prone Meta is digging deeper into its overhaul with new company values revealed Tuesday. They didn't go over so well. As the Washington Post reports, the changes described at a virtual all-hands meeting—streamed for the first time on Facebook's virtual-reality platform, Horizon Venues—"were ridiculed by...

Peter Thiel to Leave Facebook for Politics

Longtime director, a mentor to Zuckerberg, will support Trump candidates

(Newser) - Peter Thiel, a longtime member of Facebook's board known for his sometimes-contrarian views, will leave the company this year to focus on politics. He was an early investor in the company and joined the board in 2005, one year into the small startup's existence, CNN reports. He was...

Stories 41 - 60 | << Prev   Next >>
Most Read on Newser