Ed Mulholland/Zuffa LLC
At a Thursday town hall, the Meta CEO made the explicit trade-off he had previously left implicit: ‘We basically have two major cost centres in the company: compute infrastructure and people-oriented things.’ The chief people officer also declined to rule out additional layoffs Meta CEO Mark Zuckerberg attributed the company’s upcoming layoffs to its rising […]
In February 2026, workers at Sama, a Nairobi-based outsourcing company contracted by Meta, told Swedish newspapers Svenska Dagbladet and Göteborgs-Posten that they had been reviewing footage captured by users of Meta’s Ray-Ban smart glasses. The footage included people having sex, going to the toilet, undressing, and handling bank details. The workers’ job was to label […]
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Welcome to the Land of Enchantment.
Meta posted the most profitable quarter in its history and the stock dropped 9 per cent. Revenue rose 33 per cent to $56.31 billion, beating Wall Street’s estimate of $55.49 billion. Net income reached $26.8 billion, up 61 per cent year over year. And for the first time since Meta began reporting its “family” of […]
Meta is all about AI these days, and the company's Q1 2026 earnings call showed that this is costing a lot of money.
Overview’s satellites will collect sunlight continuously in geosynchronous orbit and beam it as near-infrared light to existing ground solar installations, which convert it to electricity. The approach extends solar farm output through the night without new land, new grid connections, or new infrastructure on the ground. Meta has signed an agreement with Overview Energy, a […]