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Meta announces 10,000 new layoffs and the cancellation of non-priority projects
After laying off 11,000 employees in November, Facebook’s parent company will cut its workforce even further and, in addition, will not fill 5,000 vacancies
Meta testing new subscription service for verified accounts
AP|
The company will use a government identification to verify a user’s account and give the account a blue badge
Big Tech companies to cut costs after $77 billion in profits evaporate
Apple, Microsoft, Alphabet, Meta and Amazon earned $243 billion in 2022, down 24% from the previous year
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Meta stock value soars 23% due to stock buybacks and cost cuts
The parent company of Facebook, Instagram and WhatsApp has gained $90 billion in market capitalization and boosted the Nasdaq
Meta posts lower Q4 profit, announces huge stock buyback
The company’s stock soared in extended trading, as its revenue beat Wall Street’s muted expectations
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Elon Musk to resign as Twitter CEO when he finds someone ‘foolish’ enough to take the job
After a turbulent two months at the helm of the social media company, the Tesla and SpaceX founder ran a vote of confidence on the app and has now agreed to abide by the results after 57% of people said he should step down
Who is the wealthiest man in the world, Amancio Ortega or Bill Gates?
The fortunes of Zara and Microsoft founders fluctuate hourly, mirroring their shares’ market performance
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