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Mark Zuckerberg

Mark Zuckerberg's net worth spikes $12 billion as Meta's cost-cutting plans send shares soaring

Thu, 02/02/2023 - 10:50

Mark Zuckerberg smiles while walking outside at 2021 Sun Valley conference — Gains in Meta's share prices are boosting Mark Zuckerberg's net worth this year so far.
Kevin Dietsch/Getty Images

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Facebook parent Meta soars 19% after Mark Zuckerberg promises 'year of efficiency' cost cuts and a $40 billion share buyback

Thu, 02/02/2023 - 04:57

Mark Zuckerberg — Meta CEO Mark Zuckerberg.
Stephen Lam/Reuters

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Mark Zuckerberg is finally embracing his new role as Meta's Chopper-in-Chief. Here are the plans he just laid out to further cut costs in 2023.

Wed, 02/01/2023 - 21:03

Mark Zuckerberg wearing sunglasses — Alex Kantrowitz

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Meta's layoffs were expensive — it may have spent more than $88,000 per employee to cut 11,000 from the ranks

Wed, 02/01/2023 - 19:35

Facebook founder and CEO Mark Zuckerberg at the company's first conference dedicated to messaging — Facebook CEO Mark Zuckerberg cut 13% of the company's workforce in November.
Facebook/Meta

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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

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

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

Wed, 02/01/2023 - 18:32

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

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

Wed, 02/01/2023 - 17:06

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

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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

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

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Nick Clegg led Meta's decision to reinstate Trump to Facebook and Instagram. Here's how the former UK deputy prime minister charmed his way into Mark Zuckerberg's inner circle.

Thu, 01/26/2023 - 09:58

Tech Insider : Politics

Nick Clegg, Meta's president for global affairs, has quickly joined Mark Zuckerberg's inner circle of executives.

Sven Hoppe/picture alliance via Getty; Chris Williamson/Getty; Shayanne Gal/Insider

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