Meta is cutting 8,000 jobs, or 10% of its workforce, with layoffs beginning Wednesday morning in three waves. Affected teams…
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Zuckerberg’s $100 billion AI gamble finally pays off despite deep losses
Mark Zuckerberg’s massive AI investment is now winning over former skeptics. After years of heavy spending, layoffs, and internal doubt,…
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Vanguard’s All-World ETF Draws €801.4 Million Despite Falling Global Tech Prices
The Vanguard FTSE All-World UCITS ETF attracted €801.4 million during the week of 5–9 October, leading all European exchange-traded products…
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Chinese AI Agent Manus Banks $500 Million After Beijing Killed Meta Acquisition
Manus, the Chinese AI startup blocked from selling to Meta, has raised over $500 million from domestic investors. Led by…
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Meta Sued Over AI That Flagged Workers on Medical Leave for Layoffs
Meta faces a federal lawsuit filed Monday in Oakland alleging its AI-driven layoff process unfairly targeted workers on protected medical,…
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Meta Stock Trades 22% Below Fair Value Amid EU Teen Ban Proposal
Meta shares slipped 0.2% to $664.64 on Tuesday as European regulators prepared a proposal barring anyone under 15 from social…
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Meta Layoff Ends a 13-Year Engineer’s Unlikely Rise From DJ Booth
A Meta engineer’s 13-year journey from spinning records to writing code just ended in the company’s latest round of layoffs.…
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Meta Slashes 8,000 Jobs While Shifting 7,000 Staff to Build AI
Meta is cutting 8,000 employees and reallocating another 7,000 into artificial intelligence roles in a brutal efficiency play that reshapes…
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Meta Faces Billions in Fines as EU Declares Facebook and Instagram Deliberately Addictive
The European Commission has accused Meta of violating the Digital Services Act by designing Facebook and Instagram with features that…
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Meta Cuts 14,000 Jobs to Fund a $135 Billion Bet on AI
Meta, the Menlo Park-based parent company of Facebook, Instagram, and WhatsApp, is cutting approximately 10% of its workforce, eliminating 8,000…
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