Meta starts final round of layoffs

Bloomberg's David Welch reports on General Motors Co.'s statement that it could reduce U.S. jobs due to auto import tariffs. He speaks on "Bloomberg Markets."

Facebook has changed its name to "Meta" in a shift away from social media and towards developing "the metaverse," a digital world that could be the next generation of the internet. Here's what they have planned.

Frances Haugen said her former boss, Mark Zuckerberg, should step down and allow change instead of devoting resources to build the so-called "metaverse."

Facebook owner Meta's historic plunge after disappointing results shook markets on Thursday. What are its specific problems at the moment?

The European Commission and the UK's Market Authority each launched an investigation to see if a 2018 deal between Google and Meta aimed at distorting competition in the digital ad business.

Facebook parent Meta has opened its first physical store — in Burlingame, California — to showcase its hardware products like virtual and augmented reality goggles and glasses.

Meta, which owns Facebook, Instagram and WhatsApp, among others, is facing several economic constraints. Mark Zuckerberg said he will "get more done with fewer resources."

Digital Marketing expert, Bukola Akingbade speaks on why the Nigerian government, through the Advertising Regulatory Council of Nigeria (ARCON) sued Meta Platforms Incorporated (owners of Facebook, Instagram, and WhatsApp platforms) and its agent AT3 Resources Limited at the Federal High Court, Abuja Judicial Division demanding over N30billion for alleged breach of advertisement regulations.

Employees are bracing for bad news after receiving a memo about job cuts, with every second worker reportedly at risk of being laid off. Elon Musk has already fired top executives since buying the social media giant.

Half of the social media giant's staff were reportedly laid off, some advertisers pulled their ads and US President Joe Biden said the platform "spews lies all across the world."

Cornet and four other Twitter employees had filed a lawsuit in California federal court on Friday accusing the social media company of violating federal and California laws requiring employers to give 60 days' notice before engaging in mass layoffs.

Meta Platforms Inc META.O said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest layoffs this year as the Facebook parent battles soaring costs and a weak advertising market.