meta Meta Agrees to Record $725 Million Settlement Over Facebook Data Scandal Meta agrees to a $725 million class action settlement to resolve the Cambridge Analytica data harvesting lawsuit. The deal spares top executives, including Mark Zuckerberg, from facing further questioning in court.
generative ai Generative AI Ignites Global Hype as Text-to-Image Tools Explode in Popularity Generative AI tools like DALL-E 2 and Stable Diffusion attract millions of everyday users in record time. As the technology rapidly advances to include video generation, the industry faces an uncertain future beyond the initial excitement.
meta Meta Bans Workplace Discussions on Abortion, Guns, and Vaccines Meta instructs employees to stop discussing sensitive political topics like abortion and gun control in the workplace. The new policy aims to reduce distractions as the company navigates financial struggles and recent mass layoffs.
apple Tech Giants Unite Against Apple's App Store Policies as App Economy Cools Elon Musk and other tech executives publicly criticize Apple's App Store fees and policies. Meanwhile, global app spending shows only slight growth as the pandemic-fueled boom continues to slow.
ai AI Masters Imperfect Information in Stratego and Diplomacy Artificial intelligence achieves new milestones by conquering Stratego and Diplomacy, two complex board games that rely heavily on hidden information and human-like negotiation rather than pure calculation.
tech layoffs Tech Layoffs Accelerate as Major Companies Slash Thousands of Jobs Recent weeks bring a massive surge in tech industry layoffs, with the known number of impacted workers jumping by 46% in just a few weeks. Experts warn that the worst of these workforce reductions likely arrives in early 2023.
tech layoffs Tech Industry Faces Major Reckoning as Layoffs Surpass 120,000 The booming tech industry sheds over 120,000 jobs this year as pandemic hiring surges and declining digital ad revenue force massive cutbacks at major companies like Amazon and Meta.
meta Meta Lays Off 11,000 Workers Amid Major Tech Industry Slowdown Facebook's parent company Meta eliminates 11,000 jobs as it faces declining revenue and a broader industry pullback. The layoffs mark the largest job cuts in the company's history.
tech layoffs Major Tech Companies Slash Thousands of Jobs Amid Economic Downturn Tech giants like Meta and Twitter are eliminating thousands of positions as the industry faces declining revenue and rising inflation. These massive layoffs mark a sharp reversal from the rapid hiring sprees seen during the pandemic.
meta Investors Frustrated as Meta Stock Plummets 72% Over Metaverse Spending Meta's stock drops to its lowest level since 2015 as Mark Zuckerberg's massive metaverse investments ignore shareholder demands for profit. Because of a dual-class share structure, investors find themselves powerless to change the company's direction.
big tech Big Tech Stumbles in Third Quarter as Meta Suffers Historic Weekly Loss Major tech companies outside of Apple lose over $350 billion in market value following bleak third-quarter earnings and weak future guidance. Meta experiences its worst week since its 2012 IPO as economic headwinds weigh heavily on the sector.
meta Meta Stock Plunges 25% as Ad Slump and Metaverse Bets Devastate Earnings Meta's stock drops to 2016 levels after a weak third-quarter earnings report shows declining revenue and massive metaverse investments. The tech giant faces compounded pressure from an advertising slowdown, Apple's privacy changes, and a strong U.S. dollar.
metaverse Animoca Brands Chairman Says Meta's $10B Metaverse Bet Falls Short Animoca Brands co-founder Yat Siu argues that Meta's $10 billion annual metaverse investment is insufficient to compete with the economic freedom of open web3 platforms like The Sandbox.
meta Meta Unveils VR Legs, Hulu Hikes Prices, and Microsoft Adopts DALL-E 2 This week in tech, Meta reveals leg avatars and a pricey new headset, while Hulu increases subscription costs. Microsoft also integrates AI image generator DALL-E 2 into its consumer apps.
meta Meta's Massive Stock Plunge Fails to Deter Zuckerberg's Metaverse Investment Despite a devastating 20 percent stock drop and massive market value losses, Mark Zuckerberg maintains total control over Meta and continues to pour billions into his metaverse vision.