New York CNN Business — Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta confronts a range of challenges to its core business and makes an uncertain and costly bet on pivoting to the … Read more
A prominent economist has revealed that Facebook placed a fact-checking label on a post asserting that the US has entered a recession, giving it a “partly false” rating as President Biden continues to reject the grim assessment of the economy. Dr. Phillip Magness, the research and education director at the American Institute for Economic Research, … Read more
Image: Within It’s been a very bad year so far for Meta, the company formerly known as Facebook, in ways extremely unique to being one of the biggest tech companies in the world. Despite still making almost $7 billion in profit in recent months, TikTok is eating its lunch, the stock price is in shambles, … Read more
Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched … Read more
As Sony slowly continues to peel back the curtain on its PSVR2 headset – revealing a selection of neat new user interface features earlier in the week – Facebook made the unprecedented move of increasing the price of its Meta Quest 2 headset overnight. The standalone device, which originally released over two years ago, will … Read more
Photo: Amy Osborne (Getty Images) Usually gaming hardware prices get cheaper over time. But Meta is bucking that trend and raising the price of its entry-level Quest 2 VR headset by $100. The company formerly known as Facebook says it’s to help pay for innovation, a move that comes as Mark Zuckerberg’s social media company … Read more