(Bloomberg) — Meta Platforms Inc. is planning to begin layoffs that will affect thousands of workers from this week, Wall Street Journal reported, citing people with knowledge of the matter. The job cuts could come as early as Wednesday, the newspaper said. The company has already told employees to cancel non-essential travel from this week, […]
(Bloomberg) — Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg asked investors for patience with the social-media giant’s swelling investments in unproven bets at an already-challenging time for digital-advertising companies. The company’s shares slumped more than 20% in late trading after it gave a disappointing quarterly revenue outlook. On a call Wednesday, Zuckerberg sought to […]
(Bloomberg) — A liberal nonprofit that advocates for market competition is urging federal authorities to investigate whether top executives including Mark Zuckerberg and Sheryl Sandberg broke the law, adding personal accusations to the allegations facing the company following disclosures from a whistle-blower. The Washington-based American Economic Liberties Project is sending a letter Friday to the […]