Meta disclosed in SEC filings on Tuesday that it had granted stock options to six of its most senior executives, the first such awards since the company’s 2012 IPO. Hours later, it laid off approximately 700 employees across Reality Labs, recruiting, sales, and Facebook. The options are worthless unless Meta’s market capitalisation reaches $9 trillion […]
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A Los Angeles jury has found Meta and Google liable for intentionally building addictive social media platforms that harmed a young woman’s mental health, awarding her $3 million in compensatory damages in what is the first trial verdict of its kind in the United States. The decision, delivered on Wednesday after a five-week trial, found […]
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