Web giant, Meta, has decided to cut 11,000 jobs, or about 13% of its workforce, a decision which is the first step in a large scale redundancy plan in a sector marked by the economic crisis. “Today, I am sharing some of the most difficult changes we have made in …
Read More »Mark Zuckerberg’s fortune plummeted by $70 billion
Facebook founder and CEO of Meta Platforms Inc, Mark Zuckerberg, lost $71 billion, a big loss due to Meta’s price crash, the Capital website reported. From the 6th to the 20th place in the ranking of the richest people on the planet. His fortune is almost exclusively based on Meta …
Read More »Tech: Facebook changes company name to ‘Meta’
Mark Zuckerberg, boss of Facebook on Thursday announced the parent company’s name is being changed to “Meta” to represent a future beyond just its troubled social network. Facebook, Instagram and WhatsApp will keep their names under the rebranding. “We’ve learned a lot from struggling with social issues and living under …
Read More »At 90, Warren Buffett joins the “100 billion dollars” club
American businessman Warren Buffett on Wednesday joined the closed circle of leaders whose fortune exceeds 100 billion dollars, which includes Jeff Bezos, Elon Musk, Bernard Arnault and Bill Gates, according to Forbes magazine. On Wednesday, his firm Berkshire Hathaway‘s share price hit an all-time high, pushing his fortune to $ …
Read More »Facebook will temporarily reduce political content for some users in few countries
Facebook Inc said on Wednesday it would temporarily reduce political content appearing on New Feeds for some users in Canada, Brazil and Indonesia this week and in the United States within the coming weeks. Chief Executive Officer Mark Zuckerberg said in January that he wanted to “turn down the temperature” …
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