Meta

Meta
Zuckerberg Takes Responsibility for Upcoming Meta Staff Cuts
November 08, 2022

Social media and metaverse company Meta will join the growing list of tech companies making large employee layoffs on Wednesday (Nov. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

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Meta Reportedly Preparing to Lay Off Thousands
November 06, 2022

Facebook owner Meta is reportedly set to begin massive layoffs this week, a first at that scale in the company’s history and the latest in a spate of job cuts in the tech sector. Get the Full Story Complete the form to unlock this article...

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Meta to Match Recurring Payment Charity Donations
November 02, 2022

With Giving Tuesday just around the corner, Meta has announced the company’s plans for matching recurring donations on its social media platforms for the holiday season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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One Year In and Meta’s Mega Bet Meets Stark Reality
October 28, 2022

A year old and Meta — formerly Facebook — looks to need a reset from its rebrand. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

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Zuckerberg Doubles-Down on Costly Metaverse Bet as Stock Slumps to 7-Year Low
October 26, 2022

Another quarter, another huge earnings miss, another massive profit slide, and another nearly 20% drop in Meta’s share price. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

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Meta Investor: Slash Metaverse Spending, Stop Talking About It
October 24, 2022

Meta must slash its spending and public focus on the metaverse if it is to “get its mojo back” and stop its sliding share price, a major shareholder said Monday (Oct. 24). Get the Full Story Complete the form to unlock this article and enjoy...

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Meta’s Horizon puttering as Consumers Reportedly Don’t Return
October 16, 2022

Meta is having some trouble selling its metaverse concept, facing headwinds including glitches, uninterested users and not much clarity on what it will take to succeed, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Meta Asks Judge To Block FTC Suit On Within Acquisition
October 13, 2022

Meta has asked a judge to turn down a U.S. Federal Trade Commission attempt to block the company’s acquisition of Within Unlimited, a virtual reality app, saying concerns about competitions are only speculative, Bloomberg wrote. Get the Full Story Complete the form to unlock this...

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Zuckerberg’s Unlovable Metaverse Shares Flaws of Meta’s Payments Policy
October 07, 2022

Meta CEO Mark Zuckerberg has gotten a lot of flak in the year since he announced the corporate rebranding by saying, “From now on, we’re going to be metaverse first, not Facebook first.” Get the Full Story Complete the form to unlock this article and...