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[ad_1] Facebook parent Meta Platforms Inc. is giving up some offices at Manhattan’s Hudson Yards as the company seeks to slash expenses and cull its workforce. Facebook parent Meta Platforms Inc. is giving up some offices at Manhattan's Hudson Yards as the company seeks to slash expenses and cull its workforce. Meta will return its space at 30 and 55 Hudson Yards to landlord Related Cos., according to people with knowledge of the plans, who asked not to be named because the matter is private. Meta, which leases more than 250,000 square feet (23,000 square meters) across the two towers, has declined the option to renew its lease, which runs through 2024, the people said. The social media giant in 2019 agreed to rent more than 1.5 million square feet spread among three towers at th...

[ad_1] In a landmark legal challenge to a Big Tech merger, the Federal Trade Commission is suing to block the deal. Federal regulators and Facebook parent Meta are battling over Meta's proposed acquisition of virtual-reality company Within Unlimited and its fitness app Supernatural. In a landmark legal challenge to a Big Tech merger, the Federal Trade Commission is suing to block the deal, asserting it would hurt competition and violate antitrust laws. Meta struck back Thursday, asking a federal court in San Jose, California, to dismiss the FTC's July request for an injunction against the acquisition. The tech giant said in its court filing that the government failed to establish that the virtual-reality market is concentrated with high barriers to entry. The claims in the agen...

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Facebook Parent Meta Reduces NYC Hudson Yards Space in Cost-Cutting Pivot

Facebook parent Meta hits back in fight with FTC over VR company acquisition