Meta. Salesforce. Silicon Valley Bank. Is Working from Home Really Working?

The attitude of many Americans toward their jobs appears to have changed during the long pandemic — and not for the better.

#benioff-marc, #dimon-james, #facebook-inc, #labor-and-jobs, #meta-platforms-inc, #polls-and-public-opinion, #productivity, #salesforce-com-inc, #telecommuting, #united-states-economy, #workplace-environment, #zuckerberg-mark-e

GPT-4 Is Here, and the Silicon Valley Bank Fallout

Then, Mark Zuckerberg rethinks Meta’s strategy.

#chatgpt, #google-inc, #meta, #openai-labs, #science-and-technology, #silicon-valley-bank, #venture-capital, #zuckerberg-mark-e

Meta, Facebook’s Parent, to Lay Off Another 10,000 Workers

It would be the tech company’s second round of cuts since November. Mark Zuckerberg, its chief executive, has declared 2023 the “year of efficiency.”

#advertising-and-marketing, #computers-and-the-internet, #facebook-inc, #instagram-inc, #labor-and-jobs, #layoffs-and-job-reductions, #meta-platforms-inc, #mobile-applications, #social-media, #whatsapp-inc, #zuckerberg-mark-e

The Perils of Working on a C.E.O.’s Pet Project

Big tech companies have long been willing to fund efforts with no obvious payoff. But those groups have been hit hard in recent layoffs.

#alphabet-inc, #amazon-com-inc, #apple-inc, #bezos-jeffrey-p, #computers-and-the-internet, #driverless-and-semiautonomous-vehicles, #facebook-inc, #google-inc, #jassy-andrew-r, #layoffs-and-job-reductions, #meta-platforms-inc, #waymo, #wearable-computing, #zuckerberg-mark-e

Facebook Parent Plans to Sell ‘Meta Verified’ Accounts

Meta announced that it would begin charging $11.99 a month for a blue badge on Facebook and Instagram.

#facebook-inc, #instagram-inc, #meta-platforms-inc, #prices-fares-fees-and-rates, #social-media, #twitter, #zuckerberg-mark-e

Meta, Long an AI Leader, Tries Not to Be Left Out of the Boom

It has long had technology to rival chatbots like ChatGPT, but can’t afford to back artificial intelligence that can spread misinformation and toxic content.

#artificial-intelligence, #computers-and-the-internet, #facial-recognition-software, #lecun-yann, #meta-platforms-inc, #metaverse-internet, #openai-labs, #rumors-and-misinformation, #social-media, #zuckerberg-mark-e

Tech’s Biggest Companies Discover Austerity, to the Relief of Investors

After years of expansion and billions in profits, Big Tech is pulling back from its famously lavish spending as a long boom finally ends.

#alphabet-inc, #amazon-com-inc, #apple-inc, #company-reports, #computers-and-the-internet, #e-commerce, #iphone, #meta-platforms-inc, #microsoft-corp, #zuckerberg-mark-e

Meta Soars by Most in Decade, Adding $100 Billion in Value

Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.

#antitrust-laws-and-competition-issues, #company-reports, #facebook-inc, #instagram-inc, #layoffs-and-job-reductions, #meta-platforms-inc, #metaverse-internet, #nasdaq-composite-index, #online-advertising, #social-media, #stock-buybacks, #stocks-and-bonds, #whatsapp-inc, #zuckerberg-mark-e

Judge Said to Allow Meta’s Deal for Virtual Reality Start-Up to Move Forward

The ruling, which is under seal, is a defeat for the Federal Trade Commission, which tried to block Meta’s deal with a rarely used antitrust argument.

#antitrust-laws-and-competition-issues, #computer-and-video-games, #computers-and-the-internet, #davila-edward-j, #decisions-and-verdicts, #facebook-inc, #federal-trade-commission, #khan-lina, #meta-platforms-inc, #mobile-applications, #oculus-vr-inc, #social-media, #start-ups, #suits-and-litigation-civil, #supernatural-mobile-app, #virtual-reality-computers, #zuckerberg-mark-e

Sam Bankman-Fried and Schlubby Style

Sam Bankman-Fried’s choices may signal an end to the schlubby mystique.

#bankman-fried-sam, #california, #computers-and-the-internet, #dress-codes, #frauds-and-swindling, #galloway-scott, #high-net-worth-individuals, #hk-ftx-trading-ltd-futures-exchange, #jobs-steven-p, #t-shirts-apparel, #your-feed-fashion, #zuckerberg-mark-e

Sam Bankman-Fried and Our Faith in the Tech Whiz Kid

Even the collapse of FTX probably won’t kill the archetype.

#andreessen-marc-l, #bankman-fried-sam, #computers-and-the-internet, #frauds-and-swindling, #hk-ftx-trading-ltd-futures-exchange, #the-code-silicon-valley-and-the-remaking-of-america-book, #united-states, #zuckerberg-mark-e

Meta Lays Off More Than 11,000 Employees

The parent of Facebook, Instagram and WhatsApp reduced its work force by 13 percent and extended a hiring freeze through the first quarter of next year.

#computers-and-the-internet, #facebook-inc, #instagram-inc, #labor-and-jobs, #layoffs-and-job-reductions, #meta-platforms-inc, #metaverse-internet, #social-media, #virtual-reality-computers, #whatsapp-inc, #zuckerberg-mark-e

Meta Is Said to Plan Significant Job Cuts This Week

Mark Zuckerberg, Meta’s chief executive, said last month that many “teams will stay flat or shrink over the next year” as his company faces economic challenges.

#advertising-and-marketing, #computers-and-the-internet, #facebook-inc, #instagram-inc, #labor-and-jobs, #layoffs-and-job-reductions, #meta-platforms-inc, #mobile-applications, #social-media, #whatsapp-inc, #zuckerberg-mark-e

Facebook’s Future: My Sad, Lonely, Expensive Adventures in the Metaverse

Meta is spending billions on virtual reality, and it has very little to show for it.

#company-reports, #computers-and-the-internet, #facebook-inc, #horizon-worlds, #meta-platforms-inc, #metaverse-internet, #reality-labs, #virtual-reality-computers, #zuckerberg-mark-e

Elon Musk Takes a Page Out of Mark Zuckerberg’s Social Media Playbook

As Mr. Musk takes over Twitter, he is emulating some of the actions of Mr. Zuckerberg, who leads Facebook, Instagram and WhatsApp.

#anti-defamation-league, #civil-rights-and-liberties, #color-of-change-nonprofit, #computers-and-the-internet, #corporate-social-responsibility, #facebook-inc, #freedom-of-speech-and-expression, #hate-speech, #mergers-acquisitions-and-divestitures, #meta-platforms-inc, #midterm-elections-2022, #musk-elon, #national-assn-for-the-advancement-of-colored-people, #online-advertising, #social-media, #twitter, #zuckerberg-mark-e

Elon Musk Takes Twitter, and Tech Deals, to Another Level

Silicon Valley moguls used to buy yachts and islands. Now they are rich enough, and perhaps arrogant enough, to acquire companies they fancy.

#benioff-marc, #bezos-jeffrey-p, #case-stephen-m, #computers-and-the-internet, #corporate-social-responsibility, #high-net-worth-individuals, #innovation, #mergers-acquisitions-and-divestitures, #musk-elon, #omidyar-pierre-m, #silicon-valley-calif, #social-media, #thiel-peter-a, #twitter, #zuckerberg-mark-e

Meta Quarterly Earnings: Profit Declines With Losses in Reality Labs

The social networking company, which is trying to shift into the so-called metaverse, posted falling sales and said it was “making significant changes” to operate more efficiently.

#antitrust-laws-and-competition-issues, #company-reports, #computers-and-the-internet, #facebook-inc, #instagram-inc, #meta-platforms-inc, #metaverse-internet, #online-advertising, #social-media, #virtual-reality-computers, #zuckerberg-mark-e

Tech Stocks Tumble as Growth Falters

Disappointing earnings from Microsoft, Alphabet and Texas Instruments reveal the big challenges facing technology giants.

#alphabet-inc, #amazon-com-inc, #apple-inc, #carter-ashton-b, #fashion-and-apparel, #internal-storyline-no, #meta-platforms-inc, #microsoft-corp, #musk-elon, #stocks-and-bonds, #twitter, #west-kanye, #zuckerberg-mark-e

Inside Mark Zuckerberg’s Metaverse Struggles

Meta’s push to develop virtual and augmented reality technology has had a bumpy year.

#augmented-reality-computers, #computers-and-the-internet, #facebook-inc, #meta-platforms-inc, #metaverse-internet, #social-media, #virtual-reality-computers, #zuckerberg-mark-e

24 Hours in the Metaverse Version of Facebook Was Surprisingly Fun

Every hour of the day and night with the gamers, parents, insomniacs, preteens and aspiring comedians who are the earliest adopters of the immersive, three-dimensional internet that Mark Zuckerberg has bet the future of his company on.

#computer-and-video-games, #computers-and-the-internet, #facebook-inc, #meta-platforms-inc, #metaverse-internet, #social-media, #virtual-reality-computers, #zuckerberg-mark-e

Meta Will Freeze Most Hiring, Zuckerberg Tells Employees

The company’s chief executive had signaled for several months that he wanted to rein in costs as he shifts attention toward the metaverse.

#facebook-inc, #layoffs-and-job-reductions, #meta-platforms-inc, #social-media, #zuckerberg-mark-e

Silicon Valley Slides Back Into ‘Bro’ Culture

Elon Musk, Mark Zuckerberg and Marc Andreessen show how the tech industry’s insular culture remains largely unchanged.

#metoo-movement, #andreessen-horowitz, #andreessen-marc-l, #cancel-culture, #computers-and-the-internet, #discrimination, #entrepreneurship, #flow-real-estate-co, #men-and-boys, #meta-platforms-inc, #musk-elon, #neumann-adam, #paypal, #pishevar-shervin, #sexual-harassment, #social-media, #start-ups, #tesla-motors-inc, #twitter, #venture-capital, #women-and-girls, #workplace-hazards-and-violations, #zuckerberg-mark-e

Facebook’s Four Problems

Age, innovation, antitrust and the metaverse.

#company-reports, #facebook-inc, #internal-storyline-no, #news-and-news-media, #social-media, #zuckerberg-mark-e

How Mark Zuckerberg Is Leading Meta Into Its Next Phase

Facebook’s founder is setting a relentless pace as he pushes his company through a tech transformation during a global economic slowdown.

#appointments-and-executive-changes, #computers-and-the-internet, #data-mining-and-database-marketing, #facebook-inc, #instagram-inc, #instant-messaging, #meta-platforms-inc, #metaverse-internet, #mobile-applications, #online-advertising, #silicon-valley-calif, #social-media, #virtual-reality-computers, #zuckerberg-mark-e

Meta tweaks Facebook app to act more like TikTok.

An update will highlight a new Home tab that will serve content from people outside a user’s Facebook connections as well as from friends and family.

#computers-and-the-internet, #facebook-inc, #meta-platforms-inc, #mobile-applications, #social-media, #tiktok-bytedance, #zuckerberg-mark-e

Mark Zuckerberg Prepares Meta Employees for a Tougher 2022

In an internal meeting this week, Mr. Zuckerberg said the tech giant was facing one of the “worst downturns that we’ve seen in recent history.”

#computers-and-the-internet, #cox-chris-1982, #facebook-inc, #hiring-and-promotion, #instagram-inc, #instant-messaging, #layoffs-and-job-reductions, #meta-platforms-inc, #mobile-applications, #mobile-commerce-and-payments, #social-media, #zuckerberg-mark-e

As Midterms Loom, Meta C.E.O. Shifts Focus Away From Elections

Mark Zuckerberg, who once said securing elections was “the most important thing,” has shifted Meta’s focus to the metaverse. That may have real-world implications.

#computers-and-the-internet, #elections, #facebook-inc, #instagram-inc, #meta-platforms-inc, #metaverse-internet, #presidential-election-of-2020, #project-democracy, #rumors-and-misinformation, #social-media, #storming-of-the-us-capitol-jan-2021, #twitter, #voter-fraud-election-fraud, #whistle-blowers, #zuckerberg-mark-e

What Sheryl Sandberg’s Exit Reveals About Women’s Progress in Tech

Silicon Valley is losing one of its most visible, outspoken and powerful women. Any gains have been incremental at best.

#metoo-movement, #advanced-micro-devices-inc, #all-raise-nonprofit, #alphabet-inc, #amazon-com-inc, #apple-inc, #appointments-and-executive-changes, #autodesk-inc, #bartz-carol-a, #boards-of-directors, #brougher-fancoise, #burns-ursula-m, #california, #carta-inc, #catz-safra, #coinbase-inc, #computers-and-the-internet, #discrimination, #facebook-inc, #fiorina-carleton-s, #friar-sarah, #gadde-vijaya, #google-inc, #herd-whitney-wolfe, #hewlett-packard-enterprise-company, #hiring-and-promotion, #hood-amy, #hyman-jennifer, #instacart, #international-business-machines-corporation, #lake-katrina, #mayer-marissa, #meta-platforms-inc, #microsoft-corp, #nextdoor-com-inc, #olivan-javier, #oracle-corporation, #pao-ellen, #pinterest, #project-include, #realreal-inc, #reddit-inc, #rent-the-runway, #sandberg-sheryl-k, #simo-fidji, #social-media, #space-exploration-technologies-corp, #stitch-fix-inc, #su-lisa-1969, #twitter, #venture-capital, #wainwright-julie, #wojcicki-susan, #women-and-girls, #xerox-corporation, #yahoo-inc, #zuckerberg-mark-e

Who Is Mark Zuckerberg’s New No. 2? It’s a Trick Question.

Mr. Zuckerberg, Meta’s chief executive, has restructured his company so that he no longer has a top deputy.

#appointments-and-executive-changes, #bosworth-andrew-1982, #clegg-nick, #computers-and-the-internet, #cox-chris-1982, #facebook-inc, #instagram-inc, #instant-messaging, #meta-platforms-inc, #olivan-javier, #sandberg-sheryl-k, #social-media, #zuckerberg-mark-e

Sheryl Sandberg Steps Down From Facebook’s Parent Company, Meta

The longtime chief operating officer of Facebook’s parent company, Ms. Sandberg said it was “time for her to write the next chapter of my life.”

#appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #facebook-inc, #meta-platforms-inc, #news-and-news-media, #sandberg-sheryl-k, #social-media, #zuckerberg-mark-e

Elon Musk, Chaos Monkey

The billionaire’s increasingly erratic behavior on Twitter distracts from the terrible math behind his bid to buy it.

#internal-sub-only-nl, #layoffs-and-job-reductions, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #stocks-and-bonds, #tesla-motors-inc, #twitter, #zuckerberg-mark-e

Mark Zuckerberg Ends Election Grants

A spokesman for the Facebook founder said the money sent to election offices in 2020 was a “one-time donation.” The grants prompted Republicans to push for bans on private donations for elections.

#absentee-voting, #campaign-finance, #center-for-technology-and-civic-life, #chan-priscilla, #elections-house-of-representatives, #elections-senate, #facebook-inc, #meta-platforms-inc, #nonprofit-organizations, #philanthropy, #politics-and-government, #presidential-election-of-2020, #project-democracy, #social-media, #united-states-politics-and-government, #voter-fraud-election-fraud, #zuckerberg-mark-e

How War in Ukraine Roiled Facebook and Instagram

The rules over what war content is permitted on Facebook and Instagram keep changing, causing internal confusion.

#clegg-nick, #computers-and-the-internet, #facebook-inc, #hate-speech, #instagram-inc, #meta-platforms-inc, #propaganda, #rumors-and-misinformation, #russia, #russian-invasion-of-ukraine-2022, #social-media, #ukraine, #war-and-armed-conflicts, #zuckerberg-mark-e

Meta Cuts Back on Some of Facebook’s Perks

The company told workers on Friday that it will reduce or eliminate some of its famous perks as it prepares for a return to the office.

#computers-and-the-internet, #employee-fringe-benefits, #facebook-inc, #laundry-and-laundromats, #meta-platforms-inc, #workplace-environment, #zuckerberg-mark-e

Facebook’s Parent Company Will Make Employees Do Their Own Laundry

The company told workers on Friday that it will reduce or eliminate some of its famous perks as it prepares for a return to the office.

#computers-and-the-internet, #employee-fringe-benefits, #facebook-inc, #laundry-and-laundromats, #meta-platforms-inc, #workplace-environment, #zuckerberg-mark-e

Hollywood Bets Big on the Bad Entrepreneur

With limited series like “The Dropout,” “WeCrashed” and “Super Pumped,” the culture is saturated with ripped-from-the-headlines tales of self-immolating moguls.

#computers-and-the-internet, #entrepreneurship, #facebook-inc, #holmes-elizabeth-1984, #inventing-anna-tv-program, #kalanick-travis, #neumann-adam, #sorokin-anna-anna-delvey, #start-ups, #super-pumped-tv-program, #television, #the-dropout-tv-program, #the-social-network-movie, #theranos-inc, #uber-technologies-inc, #wecrashed-tv-program, #wework-companies-inc, #zuckerberg-mark-e

Out With the Facebookers. In With the Metamates.

Now that Facebook has renamed itself Meta, that’s what employees will be known as, the company said.

#facebook-inc, #hofstadter-douglas-r, #meta-platforms-inc, #metaverse-internet, #mobile-applications, #names-organizational, #social-media, #zuckerberg-mark-e

The Pandemic Culls the Big Tech Herd

Bigger is still better, as the largest tech firms keep gobbling up weakened rivals.

#ek-daniel, #internal-sub-only-nl, #meta-platforms-inc, #microsoft-corp, #social-media, #spotify, #zuckerberg-mark-e

Facebook’s Failures of Invention

We’re seeing the limits of Facebook’s strategy to buy or copy other people’s best ideas.

#computers-and-the-internet, #facebook-inc, #instagram-inc, #meta-platforms-inc, #metaverse-internet, #mobile-applications, #news-and-news-media, #snap-inc, #social-media, #start-ups, #zuckerberg-mark-e

Meta plunges and sets off Wall Street’s worst drop in nearly a year.

Shares of Meta, the parent company of Facebook, fell more than 26 percent, a loss that wiped more than $230 billion off its market value.

#company-reports, #computers-and-the-internet, #facebook-inc, #meta-platforms-inc, #mobile-applications, #pinterest, #rogan-joe, #snap-inc, #social-media, #stocks-and-bonds, #tiktok-bytedance, #twitter, #united-states-economy, #zuckerberg-mark-e

6 Reasons Meta Is in Trouble

The company formerly known as Facebook has hit major turbulence as it suffered its biggest one-day wipeout ever.

#antitrust-laws-and-competition-issues, #apple-inc, #company-reports, #computers-and-the-internet, #data-mining-and-database-marketing, #facebook-inc, #google-inc, #instagram-inc, #instant-messaging, #meta-platforms-inc, #metaverse-internet, #mobile-applications, #online-advertising, #social-media, #virtual-reality-computers, #zuckerberg-mark-e

What to Wear in the Metaverse

Dressing for a virtual world is going to be both enormously liberating and potentially very, very messy.

#digital-fashion, #fashion-and-apparel, #metaverse-internet, #your-feed-fashion, #zuckerberg-mark-e

Boom! Go the (Tech) Subpoenas

A reckoning for Big Tech over its role in the Jan. 6 Capitol attack

#freedom-of-speech-and-expression, #internal-sub-only-nl, #mckay-adam, #right-wing-extremism-and-alt-right, #social-media, #storming-of-the-us-capitol-jan-2021, #zuckerberg-mark-e

Big Tech Journeys Into the Virtual Reality Reaches of the Metaverse

Tech’s biggest companies are joining game makers and start-ups in pursuit of an immersive digital world that some have been working on for years.

#apple-inc, #augmented-reality-computers, #computer-and-video-games, #computers-and-the-internet, #facebook-inc, #google-inc, #intel-corporation, #meta-platforms-inc, #mobile-applications, #privacy, #virtual-reality-computers, #wearable-computing, #zuckerberg-mark-e

The Metaverse’s Dark Side: Here Come Harassment and Assaults

As Meta and other companies bet big on an immersive digital world, questions about its harms are rising.

#children-and-childhood, #computers-and-the-internet, #corporate-social-responsibility, #cyberharassment, #facebook-inc, #innovation, #meta-platforms-inc, #oculus-vr-inc, #sexual-harassment, #social-media, #virtual-reality-computers, #women-and-girls, #zuckerberg-mark-e

“The Matrix Resurrections” and the Dark Timeline Humanity Is on

The original Matrix trilogy imagined a future more hopeful than the one conjured up by Silicon Valley today.

#computers-and-the-internet, #e-commerce, #moss-carrie-anne, #movies, #reeves-keanu, #social-media, #the-matrix-movie, #the-matrix-resurrections-movie, #the-matrix-revolutions-movie, #turkle-sherry, #wachowski-lilly, #zuckerberg-mark-e

Frances Haugen Thinks Mark Zuckerberg Needs to Acknowledge His Power

The Facebook whistle-blower says the company hides behind flat offices and metrics to shirk its responsibility.

#censorship, #computers-and-the-internet, #facebook-inc, #freedom-of-speech-and-expression, #haugen-frances, #social-media, #whistle-blowers, #zuckerberg-mark-e

Her Instagram Handle Was ‘Metaverse.’ Last Month, It Vanished.

Five days after Facebook changed its name to Meta, an Australian artist found herself blocked, with seemingly no recourse, from an account documenting nearly a decade of her life and work.

#augmented-reality-computers, #australia, #facebook-inc, #instagram-inc, #meta-platforms-inc, #names-organizational, #social-media, #zuckerberg-mark-e

Congress, Far From ‘a Series of Tubes,’ Is Still Nowhere Near Reining In Tech

Holding a hearing that humbles the most powerful business executives in the world is much easier than legislating.

#computers-and-the-internet, #law-and-legislation, #mosseri-adam, #united-states-politics-and-government, #virtual-currency, #zuckerberg-mark-e

Adam Mosseri, Instagram’s Head, Agrees to Testify Before Congress

This will be the first time Adam Mosseri, a trusted lieutenant to Mark Zuckerberg, will appear before lawmakers under oath.

#blumenthal-richard, #children-and-childhood, #davis-antigone, #facebook-inc, #haugen-frances, #instagram-inc, #instant-messaging, #meta-platforms-inc, #mobile-applications, #mosseri-adam, #senate, #social-media, #united-states-politics-and-government, #youth, #zuckerberg-mark-e