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65°
Saturday, jun 20
Tag:
Mark Zuckerberg
Business
6 CT Billionaires Land On Forbes Wealthiest Americans List; Richest Entry Tumbles 4 Spots
Forbes has released its annual list of the wealthiest Americans, and six business moguls from Connecticut have the honor and the cash to make an appearance. Topping the list are the usual suspects: Elon Musk, Larry Ellison, Mark Zuckerberg, Jeff Bezos, and Larry Page — a quintet whose combined $1.37 trillion fortune equals nearly a fifth of the entire $6.75 trillion U.S. budget. But Connecticut has its own recognizable names featured on the Forbes richest list. The state's wealthiest man, Greenwich's Steve Cohen, who runs Point72 Asset Management in Stamford and owns the New York Mets, fel…
Business
Meta Puts Ads On WhatsApp: Here's What's Changing
Meta is bringing advertisements to WhatsApp, marking a major shift for the globally popular messaging app. WhatsApp will now have ads on its Updates tab, Meta announced in a blog post on Monday, June 16. Meta purchased WhatsApp for $19 billion in 2014, adding to its portfolio that includes Facebook and Instagram. The tech giant said ads won't appear in private conversations on the app. "Subscriptions, promotions and ads will appear only on the Updates tab, away from your personal chats," Meta said. "This means if you only use WhatsApp to chat with friends and loved ones, there will be no c…
Business
Google Gained 'Monopoly Power' With Online Ad Technology, Judge Rules
A federal judge ruled that Google illegally cornered the online advertising market by linking its tools together to block out competition, a major win in a broader antitrust crackdown on Big Tech. The ruling found Google liable for willfully using a series of "anticompetitive acts" to dominate how digital ads are placed across the internet. The decision was handed down in federal court in the Eastern District of Virginia on Thursday, April 17. In her decision, US District Judge Leonie Brinkema said Google's ad technology blocked out competitors and hurt consumers. "For over …
Business
'OG Facebook' Returns With Revamped Friends Tab In Meta's Latest Change
Meta is hoping to bring back the original Facebook experience with a new Friends tab that shows only content from friends, removing recommended posts and ads. The feature launched in the US and Canada on Thursday, Mar. 27. The addition is part of a broader effort to restore Facebook's original focus on connecting friends, according to Meta. The revamped feed only highlights content from friends, eliminating recommended posts and ads. "The new Friends tab is a throwback to OG Facebook when you only saw friends' status updates," CEO Mark Zuckerberg posted. "More OG Facebook coming soon…
News
Meta's Community Notes To Use Tech From Elon Musk's Social Media Platform
Meta's new Community Notes system will be based on algorithms developed by billionaire Elon Musk's social media platform, the company said. Meta will begin testing the crowdsourced program that aims to prevent misinformation on Tuesday, Mar. 18, the tech giant said in a blog post on Thursday, Mar. 13. The move comes as Meta replaces its third-party fact-checking program in the US for Facebook, Instagram, and Threads. Community Notes are part of CEO Mark Zuckerberg's broader shift toward what he calls "free expression" on the company’s platforms. "We’re going to take time to …
Business
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports
Meta will cut thousands of employees in the latest move for the controversial company that owns platforms like Facebook and Instagram, according to reports. An internal memo sent to Meta workers said five percent of low-performing employees will be terminated, Bloomberg News reported. The company that also owns WhatsApp and Threads has more than 72,000 employees, according to Meta's most recent quarterly report. A five-percent reduction would mean about 3,600 people could lose their jobs. "I've decided to raise the bar on performance management and move out low-performers faster,…
Business
Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says
Meta is dismantling its third-party fact-checking program in the U.S. and aims to bring back political content as President-elect Donald Trump prepares to return to the White House, the company said. Meta CEO Mark Zuckerberg announced the changes in a video statement on Tuesday, Jan. 7. The company that owns Facebook, Instagram, WhatsApp, and Threads, will replace its fact-checking program with a Community Notes system similar to the one implemented on X (formerly Twitter). Zuckerberg said the new system's goal is to reduce bias and restore free expression. "Fact-checkers have be…
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