Less than two years ago, Facebook boss Mark Zuckerberg bet the house on the metaverse. Zuckerberg believed that his virtual reality world was the future. Now, with the rapid progress of artificial intelligence, he appears to have made a calamitous mistake. The metaverse isn’t yet dead — but its future looks far from rosy.
The leftist censors at Facebook got triggered over an op-ed by a Vietnamese refugee who dared to sound the alarm on America’s border crisis.
Retired U.S. Navy Captain and former congressional candidate Hung Cao — a political refugee from Vietnam — penned an op-ed for Townhall.com about the crisis at the southern border. Facebook reportedly called the piece “hate speech” and removed it.
A representative for the tech giant Meta said Monday that the company plans to block access to Canadian news content on its platforms if Parliament passes Bill C-18, which mandates that the company pay news publishers for hosting content.
“Ultimately, this legislation puts Meta in an unfavourable situation. In order to comply, we have to either operate in a flawed and unfair regulatory environment, or we have to end the availability of news content in Canada. With a heavy heart, we choose the latter,” Kevin Chan, Meta’s global policy director, said before the House of Commons Standing Committee on Canadian Heritage on May 8.
Mark Zuckerberg sounded nervous.
The Meta CEO had just announced that his company would slash thousands of jobs last month, on top of 11,000 layoffs in November.
During an hour-long town hall meeting from the company’s Menlo Park headquarters in California, the decimated workforce peppered Zuckerberg with questions — including why they should have confidence in his leadership.
Meta told its North America-based employees to work from home Wednesday as it geared up for a second round of layoffs that will immediately cut 4,000 jobs — part of a plan to eventually cull 10,000 jobs.
Facebook’s parent company told managers that announcements on the layoffs — part of CEO Mark Zuckerberg’s plan to make the firm more efficient — would be made as soon as Wednesday, according to Bloomberg News.
I don’t celebrate anyone losing their job but like Twitter Meta is a peopled with SJW’s who think nothing of denying others the right to free speech.
“We were just sitting there”
In the last 5 years, Big Tech firms came under heavy pressure to publicize the racial and gender demographics of their workforce and to improve their numbers. That’s hard when your workforce is mostly white, Asian and Indian. This story may shed some light on how Facebook went about improving its numbers.
Meta, the owner of Facebook and Instagram, said on Tuesday that it planned to lay off about 10,000 employees, or roughly 13 percent of its work force, the latest move to hew to what the company’s founder, Mark Zuckerberg, has called a “year of efficiency.”
The layoffs will affect Meta’s recruiting team this week, with a restructuring of its tech and business groups to come in April and May, Mr. Zuckerberg said in a memo posted on the company’s website. The announcement is the company’s second round of cuts within the past half year. In November, Meta laid off more than 11,000 people, or about 13 percent of its work force at the time.
Honestly this whole Metaverse crap sounds like 3D movies, the novelty wears off real quick.
We still through some weird miracle have an FB page but we are as always hanging by a thread.
We have been so throttled it is a wonder anyone can even find us.
FB was always shitty for us, constant censorship for our constant violations of community guidelines which translates you upset the Gay Muslim Mask Advocates.
Facebook has auto-created the pages of designated terrorist organizations including ISIS and al-Qaeda for years, according to a new report.
The Tech Transparency Project (TTP) investigation comes less than a week before the Supreme Court hears a landmark case, which examines the responsibility of tech companies for policing terrorism online, and shows how the presence of terror groups continues to linger on Facebook despite years of pressure to remove that content.
I get a very real sense that FB is dying.
Meta, Facebook’s parent company, will reinstate former President Donald Trump’s account “in coming weeks,” Meta’s president of global affairs told Axios.
“We’ve always believed that Americans should be able to hear from the people who want to lead the country,” Nick Clegg told Axios. “We don’t want to stand in the way of that.”
A Facebook executive told the White House that the social media platform not only suppressed “misinformation” but also took action against the “virality” of “often true” content on the COVID-19 vaccines.
The information was in an email obtained through the Missouri court case Missouri vs. Biden, which alleges top Biden administration officials “colluded with Big Tech social media companies to violate Americans’ right to free speech under the First Amendment.”
Mark Zuckerberg apologized to Meta workers after sending an early morning email confirming thousands of job losses amid soaring costs and a weak advertising market.
The Facebook founder told executives in a meeting yesterday that broad cuts of 11,000 jobs will be announced, with recruiting and business teams to face major losses.
Zuckerberg, 38, was said to have appeared gloomy on the call and also said he was accountable for missteps made by Meta.
Billions have been wasted on this joyless and flawed VR experience.
Mark Zuckerberg currently sees himself as the chief architect of an elaborate new fantasy world. He calls this world the Metaverse. And he desperately wants the rest of us to start meeting and trading in this virtual-reality frontier town. Last year, he even changed the name of Facebook’s parent company to Meta, just to show how serious he was about the whole enterprise.
Yet while Zuckerberg is pouring billions into the Metaverse to make this vision a reality, back home at Meta HQ, Rome burns. What began as murmurs of discontent have become a full-blown revolt.
Facebook is planning to begin large-scale layoffs this week that will affect thousands of employees with an announcement planned as early as Wednesday.
Facebook parent company Meta Platforms Inc forecast a weak holiday quarter and significantly more costs next year wiping about $67 billion off Meta’s stock market value, adding to the more than half a trillion dollars in value already lost this year.
The disappointing outlook comes as Meta is contending with slowing global economic growth, competition from TikTok, privacy changes from Apple, concerns about massive spending on the metaverse and the ever-present threat of regulation.
I’m no tech visionary but this Metaverse virtual reality thing sounds like a repackaged “3D Movies” hustle. It seems every 15 or 20 years some joker resurrects “3D Movies.” A couple of films make some money but the novelty wears off in a hurry.
I didn’t want to wear 3D Goggles to watch a movie in my living room so why do I want to wear them now to walk about in a pointless virtual environment which if it’s anything like FB will be as tasteless as a bowl of cold mush.
OTTAWA — The Heritage minister’s parliamentary secretary accused Facebook of threatening Canadians’ safety, after the company said it could pull news off its platform in response to a bill that would force it to share revenue with news publishers.
Facebook (now known as Meta) reported a second straight quarterly revenue decline, with its stock plummeting an astonishing 22 percent in morning trading after already losing two-thirds of its value this year so far.
