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Mark Zuckerberg

Business
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports
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,…

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by Chris Spiker
Business
Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says
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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by Chris Spiker
Business
Facebook Rebrands Company Name Facebook Rebrands Company Name
Facebook Rebrands Company Name Facebook users, welcome to the "Metaverse." CEO Mark Zuckerberg announced Thursday that Facebook will be changing its name to "Meta." "The metaverse is the next evolution of social connection," Meta's website says. "Our company’s vision is to help bring the metaverse to life, so we are changing our name to reflect our commitment to this future." The platform will combine its apps and technologies under the new, singular company brand, Facebook said in a statement.  Corporate structure will not be changing, but its financials will, Facebook officials said. The company will begin trad…

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by Cecilia Levine
News
AGs From 12 States Request Social Media Companies Block Anti-Vaxxers AGs From 12 States Request Social Media Companies Block Anti-Vaxxers
AGs From 12 States Request Social Media Companies Block Anti-Vaxxers Attorneys general from a dozen states are calling for social media companies to block anti-vaxxers.   The coalition of 12 attorneys general are calling on Facebook and Twitter to "take stronger measures to stop the spread of COVID-19 vaccine disinformation being spread by "anti-vaxxers" on their social media platforms" as stated in a public letter to the CEOs. The letter cites a report by the Center for Countering Digital Hate1, stating that “anti-vaxxer” accounts on Facebook, YouTube, Instagram, and Twitter reach more than 59 million followers. The letter specifically asks the CE…

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by Jillian Pikora