Meta does not hold monopoly, judge rules
The Federal Trade Commission sued the social media company in 2020, accusing it of maintaining a monopoly, years after it purchased competitors Instagram and WhatsApp.
Meta
Mark Zuckerberg drops to sixth-richest after Meta stock slides
A stock dip comes after Reuters reported Meta estimated a chunk of revenue would come from running fraudulent ads.
Meta laying off about 600 staff at AI Superintelligence Labs—Here’s what’s impacted
The layoffs will reportedly not impact the company’s division developing next-generation AI models.
Meta shares rise in premarket after it unveils new $799 AI smart glasses
CEO Mark Zuckerberg claimed the company’s new Meta Ray-Ban Display are “ideal form factor for personal superintelligence.”
Zuckerberg squandered his AI talent. Now he’s spending billions to replace it.
At Meta, a chaotic culture and lack of vision have led to brain drain, with rivals saying its AI talent is lacklustre. But Zuckerberg’s frenzied hiring spree hasn’t stopped the departures.
Meta Q2 revenue smashes Wall Street’s estimates in 10th-straight earnings beat
Wall Street expected double-digit annual increases for Meta’s revenue and EPS.
Facebook deletes 10 million accounts and warns the purge will go on
Some of the world’s biggest online platforms are purging accounts.
Mark Zuckerberg goes on trial today in $8 Billion Meta privacy lawsuit—What to know
The lawsuit targets billionaires including Zuckerberg, Sheryl Sandberg, Marc Andreessen, Peter Thiel and Reed Hastings—along with Biden’s former chief of staff.
Can Meta hire its way to superintelligence?
As the race to build powerful AI models and launch impressive products intensifies, companies are shelling out top dollar for the researchers making these systems.
Meta is recruiting former Pentagon officials as it ramps up military ambitions
Meta is recruiting former national security officials, months after opening up its Llama AI model for military use.