In the middle of the first mass layoffs in its history, Meta is set to purchase Audio Analytic as part of CEO Mark Zuckerberg’s metaverse ambitions. According to published reports Wednesday (Nov. 9), Meta will acquire the U.K.-based software company, which makes artificial intelligence-driven (AI) sound...
Social media and metaverse company Meta will join the growing list of tech companies making large employee layoffs on Wednesday (Nov. 9). In a Tuesday (Nov. 8) meeting with executives, Meta CEO Mark Zuckerberg said he is at fault for the company’s missteps due to...
Facebook owner Meta is reportedly set to begin massive layoffs this week, a first at that scale in the company’s history and the latest in a spate of job cuts in the tech sector. According to a Sunday (Nov. 6), Wall Street Journal report, sources...
With Giving Tuesday just around the corner, Meta has announced the company’s plans for matching recurring donations on its social media platforms for the holiday season. The company announced Tuesday (Nov. 1) that, between Nov. 15 and Dec. 31, it will match user donations up...
A year old and Meta — formerly Facebook — looks to need a reset from its rebrand. October 2021 marked Facebook’s heralded leap into decentralized and virtual worlds. Mark Zuckerberg has for 12 months been spending billions on a strategy where VR headsets are the...
Another quarter, another huge earnings miss, another massive profit slide, and another nearly 20% drop in Meta’s share price. And there’s the metaverse right in the heart of it, with Meta’s Reality Labs division — home of Horizon Worlds, the $1,500 Quest Pro virtual reality...
Meta must slash its spending and public focus on the metaverse if it is to “get its mojo back” and stop its sliding share price, a major shareholder said Monday (Oct. 24). In an open letter, Altimeter Capital Management CEO Brad Gerstner, a longtime Meta...
Meta is having some trouble selling its metaverse concept, facing headwinds including glitches, uninterested users and not much clarity on what it will take to succeed, The Wall Street Journal reported. CEO Mark Zuckerberg has cautioned that patience will be needed — the transition could...
Meta has asked a judge to turn down a U.S. Federal Trade Commission attempt to block the company’s acquisition of Within Unlimited, a virtual reality app, saying concerns about competitions are only speculative, Bloomberg wrote. Meta has said the FTC hasn’t laid out the details...
