Tag: Meta Platforms Inc.

Silicon Valley Job Cuts Are No Cure-All for Tech’s Falling Stock Prices
8Nov By adminNo Comments
Technology

Silicon Valley Job Cuts Are No Cure-All for Tech’s Falling Stock Prices

[ad_1] Companies such as Meta Platforms Inc. are waking up to investor demands that they cut costs in the face of a looming recession… Companies such as Meta Platforms Inc. are waking up to investor demands that they cut costs in the face of a looming recession, but shareholders looking for relief from the relentless tech-stock selloff can only take so much comfort from that. Facebook parent Meta plans to cut thousands of jobs beginning this week, the Wall Street Journal reported. That comes after Apple Inc., Alphabet Inc.'s Google and Microsoft Corp. either froze hiring or said they're re-evaluating staffing needs as the breakneck growth that the tech industry has enjoyed fades in the face of inflation and rising interest rates. While layoffs bring economic pain to households, i...
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UPDATE 1-Microsoft cuts about 1,000 jobs – Axios
19Oct By adminNo Comments
Technology

UPDATE 1-Microsoft cuts about 1,000 jobs – Axios

[ad_1] Microsoft Corp laid off under 1,000 employees across several divisions this week, Axios reported. Microsoft Corp laid off under 1,000 employees across several divisions this week, Axios reported on Tuesday, citing a source, making it the latest U.S. technology company to cut jobs or slow hiring amid a global economic slowdown. The layoffs affected less than 1% of Microsoft's total workforce of around 221,000 as of June 30. "Like all companies, we evaluate our business priorities regularly and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead," a Microsoft spokesperson said. The company had said in July that a small number of roles had been eliminated and that it would increase its headcount ...
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Meta Suffers Setback in EU Attack of German Antitrust Order
20Sep By adminNo Comments
Technology

Meta Suffers Setback in EU Attack of German Antitrust Order

[ad_1] Meta Platforms Inc.’s Facebook suffered a setback in its European Union court challenge. Meta Platforms Inc.'s Facebook suffered a setback in its European Union court challenge of a German antitrust decision that ordered an overhaul of the social media giant's business model.Competition authorities probing a company over alleged abuses of a dominant position are justified to also consider other rules, such as the EU's General Data Protection Regulation in the course of an investigation, an adviser to the bloc's top court said on Tuesday in a non-binding opinion. Such a ruling would hit at the heart of Meta's appeal. When interpreting other rules such as data protection law, competition watchdogs are “bound by the duty ...
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Paying for YouTube Makes Sense. But Facebook?
9Sep By adminNo Comments
Technology

Paying for YouTube Makes Sense. But Facebook?

[ad_1] A flurry of “paid feature” experiments will never be as lucrative as YouTube’s premium service, which kills the annoying ads. Meta Platforms Inc. has become the latest social media giant to tinker with the idea of selling premium features as part of its service, according to a report in The Verge. Having been free for years, it wants to see if any of us will pay for new widgets in Facebook, Instagram or WhatsApp.That's going to be a hard sell. Ask yourself this question: What special feature on Facebook would you pay to use? Consider that over the past decade, the company has experimented with an array of new services that failed to win over its users, from a whizzy digital assistant in Messenger to a big cryptocurrenc...
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