mark-zuckerberg | ABS-CBN News

Meta reports sales fall, but beats expectations

Glenn Chapman, Agence France-Presse
Posted at Feb 02 07:34 AM

Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring. Read more »

Meta hit with 390 million euro fine over EU data breaches

Agence France-Presse
Updated as of Jan 05 08:59 AM

US social media giant Meta was slapped with fines totalling 390 million euros ($413 million) for breaching EU personal data laws on Facebook and Instagram, Ireland's data regulator said. Read more »

Facebook owner Meta to lay off 11,000 staff

Joseph Boyle, Agence France-Presse
Updated as of Nov 09 09:32 PM

Facebook owner Meta will lay off more than 11,000 of its staff in "the most difficult changes we've made in Meta's history", boss Mark Zuckerberg said on Wednesday. Read more »

Meta planning massive layoffs: report

Agence France-Presse
Posted at Nov 07 10:13 AM

Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week, US media reported. Read more »

Meta's quarterly profit dives as tough economy hits tech

Glenn Chapman, Agence France-Presse
Posted at Oct 27 08:39 AM

Facebook-parent Meta reported Wednesday that its profit more than halved to $4.4 billion in the third quarter from $9.2 billion a year earlier. Read more »

Facebook adds way to remove misinformation from groups

Agence France-Presse
Updated as of Oct 21 09:50 AM

Facebook on Thursday added a method for people running groups to automatically sift out claims that have been debunked since being posted. Read more »

Meta to freeze hiring to tighten budget: report

Agence France-Presse
Posted at Sep 30 07:39 AM

Facebook-parent Meta put out word to employees on Thursday that it will freeze hiring to cut costs as it endures tough economic times. Read more »

Facebook agrees to settle Cambridge Analytica privacy suit

Agence France-Presse
Posted at Aug 28 11:09 AM

Facebook has reached a preliminary agreement in a long-running lawsuit seeking damages from the social network for allowing third parties, including the company Cambridge Analytica, to access users' private data. Read more »

Facebook's Meta takes on bond debt

Agence France-Presse
Posted at Aug 05 08:34 AM

Facebook-owner Meta is ending a run as one of the few major firms without debt, launching its first bond sale as the company battles uncertainty and bets heavily on its metaverse vision. Read more »

Sandberg exit unlikely to improve Facebook: whistleblower

Laurent Barthelemy, Agence France-Presse
Posted at Jun 09 08:46 PM

The departure of controversial Facebook executive Sheryl Sandberg is unlikely to improve the troubled social media giant, whistleblower Frances Haugen told AFP. Read more »

Zuckerberg staying at Meta helm for years 'makes sense'

Agence France-Presse
Posted at Jun 09 08:59 AM

Mark Zuckerberg's presence at the helm of Facebook parent Meta for "many, many years" would be perfectly natural, his global affairs director has told AFP, even as the founders of many tech companies hand off to fresh blood. Read more »

Russia slaps travel ban on Kamala Harris, Zuckerberg

Agence France-Presse
Posted at Apr 22 07:21 AM

Russia on Thursday slapped travel bans on US Vice President Kamala Harris, Facebook chief Mark Zuckerberg and dozens of prominent Americans and Canadians. Read more »

'Facebook did not label posts from climate change deniers'

Elizabeth Culliford, Reuters
Posted at Feb 23 08:12 PM

Facebook did not add labels to half of posts from top climate change deniers, according to an analysis from the Center for Countering Digital Hate. Read more »

Facebook co-workers now 'Metamates' as image evolves

Agence France-Presse
Posted at Feb 16 04:55 PM

Mark Zuckerberg laid out revamped company values Tuesday, urging workers to be "Metamates" who treat one another with respect and look to the future. Read more »

Facebook slump reignites debate over attracting younger audiences

Clara Lalanne and Joseph Boyle, Agence France-Presse
Posted at Feb 04 07:32 AM

Facebook founder Mark Zuckerberg believes the rise of TikTok is behind Read more »

Metaverse: How Facebook rebrand reflects a dangerous trend

The Conversation/Reuters
Posted at Nov 05 10:34 AM

Facebook’s rebranding as Meta has been seen by many as the company’s latest attempt at corporate crisis control. The social media giant has been publicly attacked for creating an environment that fosters far-right extremism and violating individuals’ data privacy. Read more »

Facebook tests paid subgroups in subscription push

Elizabeth Culliford, Reuters
Posted at Nov 05 07:51 AM

Facebook is testing ways for creators to make money through Facebook Groups, such as users paying fees for exclusive access to content. Read more »

Whistleblower blasts Facebook's Meta rebrand

Katy Lee, Agence France-Presse
Posted at Nov 02 06:27 AM

Whistleblower Frances Haugen issued a stinging rebuke of Facebook's "Meta" rebrand, accusing the company of yet again prioritizing expansion. Read more »

Facebook announces new parent company name ‘Meta’

Glenn Chapman, Agence France-Presse
Updated as of Oct 29 08:26 AM

The change is meant to represent a future beyond just its troubled social network, Facebook chief Mark Zuckerberg said on Thursday. Read more »

Facebook ‘propaganda tool’ for Vietnam gov’t: activists

Agence France-Presse
Posted at Oct 27 03:04 AM

A report alleges that CEO Mark Zuckerberg had personally signed off on a push from Hanoi to limit "anti-state" posts. Read more »