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Meta CEO Mark Zuckerberg makes a U-turn on metaverse spending as Reality Labs is hit with a new 'efficiency' mantra

Wed, 02/01/2023 - 19:26

Tech Insider

Mark Zuckerberg at Facebook's first ever retail location Meta Store — Mark Zuckerberg at Facebook's first ever Meta Store
Facebook/Meta

Tech Insider, Nordic, finance, Markets, Mark Zuckerberg, facebook, meta

Meta is slashing its costs by another $4 billion, and investors are thrilled

Wed, 02/01/2023 - 18:32

Tech Insider

Meta Hacker Way — Meta said it would spend less in 2023 — and investors cheered big-time, sending the stock up nearly 19% in after-hours trade.
Justin Sullivan/Getty Images

Tech News, meta, Earnings, facebook, Mark Zuckerberg, Social Media, Instagram

Meta Is Spending More Than $1 Billion per Month on the Metaverse

Wed, 02/01/2023 - 17:36

Gizmodo

Meta has released its final quarterly and full year financial results for 2022, and the results are...mixed for the company formerly known as Facebook.

meta, metaverse, business2cfinance, socialmedia, virtualrealityinfiction, Revenue, facebook

Mark Zuckerberg declares 2023 'the year of efficiency.' More Meta layoffs are likely.

Wed, 02/01/2023 - 17:06

Tech Insider

Mark Zuckerberg at the Paley Center For Media on October 25, 2019 — Mark Zuckerberg said in Meta's fourth quarter earnings release that 2023 will be the "year of efficiency.'
Drew Angerer/Getty Images

Tech Insider, News, meta, Mark Zuckerberg, Layoffs, facebook

Meta exec warns philanthropy and worker perks can 'create drag' on a company. 'You must be willing to focus and prioritize.'

Wed, 02/01/2023 - 15:26

Tech Insider

Andrew Bosworth said he's nostalgic for Meta's early years when the company was more focused.
Christian Charisius/picture alliance via Getty Images

Tech Insider, News, meta, facebook, Andrew Bosworth, Mark Zuckerberg, Startups

FTC Fines GoodRx $1.5M for Sending Your Medication Data to Facebook and Google for Ads

Wed, 02/01/2023 - 11:35

Gizmodo

The Federal Trade Commission took historic action against the medication discount service GoodRx Wednesday, issuing a $1.5 million fine against the company for sharing data about users’ prescriptions with Facebook, Google, and others. It’s a move that could usher in a new era of health privacy in the United States.

facebook, goodrx, criteo, thomasgermain, clintonmikel, humanrights, federaltradecommission

Instagram Co-Founders Introduce Text-Based App

Tue, 01/31/2023 - 16:25

Gizmodo

Instagram co-founders Kevin Systrom and Mike Krieger are returning to the app game with a new innovative startup since leaving the ‘gram in 2018. Artifact is a new social media platform that will provide a feed of articles and facts aimed to create a dialogue between users to discuss things of interest.