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CosmicTaco
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Meta's $1M Donation to Trump’s Inaugural Fund

  • Meta Platforms, led by CEO Mark Zuckerberg, has donated $1 million to president-elect Donald Trump’s inaugural fund, marking a significant shift in their relationship.
  • The move follows years of fluctuating interactions, including din...
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Meta Q2 Layoffs started!

Seems there's another moment happening. Unclear how many affected but if refer to internal reports then Realty Labs and Monetization people affected.

Pls confirm Meta folks!

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Meta's AI Development Faces New Risk Guidelines

  • Meta's CEO, Mark Zuckerberg, announced a new policy where the company may halt the development of AI systems deemed too risky.
  • The Frontier AI Framework identifies 'high-risk' and 'critical-risk' systems, particularly those aiding i...
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Meta's Massive AI Bet Amid DeepSeek Challenge

  • U.S. markets reacted to DeepSeek's AI, causing Nvidia's stock to drop by almost 20%.
  • Despite this, Meta CEO Mark Zuckerberg pledged to invest heavily in AI, with plans to spend over $60 billion in 2025 alone.
  • Zuckerberg emphasize...
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Meta Fires Employees for Misusing Food Credits

  • Meta, Facebook's parent company, fired over 20 employees for abusing the company’s food credit system.
  • The employees used credits meant for food to buy household items like toothpaste and wine glasses.
  • The staff that were fired h...
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Meta's India Ad Revenue Soars 24% to $2.7 Billion

  • Facebook India Online Services, part of Meta, saw a 25% increase in gross advertising revenue in FY24.
  • The company recorded an operating revenue of $361 million in FY24.
  • Profit before tax grew by 37% over the previous year, reachin...
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Meta Expands in India Amid Layoffs

  • Meta recently announced plans to cut 5% of its workforce, labeling them as 'low performers.'
  • Despite these layoffs, Meta is expanding its presence in India, particularly in Bengaluru.
  • The company is currently hiring for 41 position...
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Meta's $10B Global Subsea Cable Project

  • Meta plans a $10 billion global subsea cable to support its growing infrastructure needs.
  • The 40,000+ km cable will be solely owned by Meta, marking a significant milestone.
  • The project aims to enhance data traffic reliability, avo...
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