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Meta (Facebook) Fined $276 Million In Europe For Data Leak

The Irish Data Protection Commission, Europe's main privacy regulator, has imposed a €265 million (about $276 million) fine on Meta…

2 years ago

Meta Cuts Off 13% Of The Company’s Total Workforce

Mark Zuckerberg, CEO of Meta Platforms, said that the firm would eliminate more than 11,000 workers in the first significant…

2 years ago

Meta Intended to Fire Employees After Failures Of Business Strategy

The Wall Street Journal reports that Meta plans to let off thousands of staff in the second week of November,…

2 years ago

Metaverse Division Of Meta Continues To Lose Money In Q3/2022

In the most recent year, Meta, the Facebook parent company, reported a loss of $9.4 billion for metaverse development. According…

2 years ago

Lens Protocol Has Problem In Mining Transactions For The Service

Gas constraints on the Polygon blockchain network, along with a building backlog on a third-party relay, caused a transaction mining…

2 years ago

Bank of America Downgrades Meta To Neutral From Buy With Metaverse Concerns

According to CNBC, Bank of America downgraded Facebook parent Meta (META) to neutral from buy due to the possibility that…

2 years ago

Mark Zuckerberg Introduces New VR Headset With The Goal Of Working Professionally

Mark Zuckerberg's Meta, the parent company of Facebook, debuted its new virtual-reality headset today. Speaking at the company's annual Meta…

2 years ago

Meta Places Its VR Platform Horizon Worlds On ‘Quality Lockdown’

Due to ongoing issues, Meta leadership has placed the company's metaverse VR platform, Horizon Worlds, on quality lockdown until the…

2 years ago

Meta’s Mark Zuckerberg Freezes Hiring And Team Restructuring

According to Bloomberg, Facebook owner Meta Platforms Inc. is halting recruiting and rearranging teams to minimize expenses, citing Chief Executive…

2 years ago

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