meta
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Zuckerberg Confirms Meta’s Cutting 10,000 Staff by Year’s End
2Meta CEO Mark Zuckerberg said his company needs to run like a well oiled machine during this ongoing “Year of Efficiency.” Making sure that machine runs as “efficiently” as possible will require employees to expect the machine will chew them up and spit them out onto the curb.
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Facebook’s VR Division Lost $US13.72 ($19) Billion In 2022
Facebook’s parent company, Meta, is having a decent day today after beating revenue and user activity forecasts for its final fiscal quarter of 2022. But its VR division isn’t helping the company make money. In fact, it’s costing the company billions in losses.
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The EU Wants To Kill Targeted Ads By Fining Meta $AU575 Million
The EU issued a €390 million (about $575 million) fine against Meta Wednesday, a decision that suggests Europe may be in its final days of widespread targeted advertising. One thing is certain: EU citizens are going to see even more pop-ups asking for consent to track them online than they already do.
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Elon Musk’s Wealth Drops By $AU12.9 Billion in One Day
Tesla, SpaceX, and Twitter CEO Elon Musk saw his wealth plummet by $US100 billion ($AU150 billion) dollars this year, bringing his net worth to somewhere between $US170 billion ($250 billion) and $US182 billion ($AU273 billion), according to estimates from Bloomberg and Forbes. That’s down from an estimated $US340 billion ($AU511 billion) in November 2021. The…
