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Meta CEO Mark Zuckerberg intends to maintain control over the company he founded in 2004, and a new class of stock will help him do just that. On Wednesday as Meta released third-quarter earnings results, the company announced that it would issue a new share class of Class C stock. The share class, which is technically a one-for-one stock dividend of new Class C shares, will be distributed to all shareholders. It was conceived following months of extensive negotiations that grew contentious at times between Zuckerberg and board members, including DoorDash CEO Tony Xu, Ambassador Robert Kimmitt, and ex–Microsoft executive...

A judge and the state AG say Facebook didn’t block enough political speech.Can one state regulate speech for the other 49? We’re about to find out after a New Mexico judge on Wednesday ordered Meta to pay $25 billion for supposedly misleading the public about its privacy and content moderation policies. Its real offense is not doing more to censor speech that progressives dislike.The $25 billion penalty ranks among the largest court judgments against a single company in U.S. history. Based on the judge’s over-egged rhetoric, you’d think the parent company of Facebook had turned over its platform to sex...

Key Points OpenAI has decided not to release its GPT-6.1 Astra model due to heightened AI safety concerns. Saachi Jain, head of safety systems at OpenAI, said the model “didn’t quite meet the bar in terms of staying within scope and authorization, and how it communicates back to the user about the type of work it’s done.” The heads of OpenAI and rival Anthropic have both indicated recently that top AI labs should slow the pace of model development. ======================================================================= OpenAI decided not to release an upcoming artificial intelligence model, GPT-6.1 Astra, after determining that it did not adequately meet...

At Meta Connect, the Facebook co-founder revealed on Wednesday the Meta VR Glasses, a smaller and slimmer device compared to the company’s older Quest-branded family of VR headsets, and a handheld device called the Muse Charm that works with the company’s recently released Muse AI personal agent. He revealed the products while speaking on stage at the annual Connect conference for developers. The Meta VR Glasses are slimmer and lighter than the company’s older Quest-branded VR headsets, but they are also more expensive, costing $1,299 when they go on sale in spring 2027. They represent Meta’s first VR device since...

Last month I wrote about how we can build a positive and safe future for everyone: meta.com/thefutureisfor… Every lab has the responsibility and incentive to move at the pace required to train its models safely, and the ability to take its own actions to ensure that happens. The reality is: - People won't want to use agents that are misaligned with them and that don't do what they ask, so labs have a strong natural incentive to make their models more aligned. There is a lot of debate about slowing progress on capabilities until alignment catches up. My view is...

A small cruise ship operating in Southeast Alaska made an unexpected detour on Monday night to help a 21-foot skiff that ran out of fuel between Petersburg and Juneau. Michael Love, a software developer from New York City, was a passenger aboard the cruise ship and described the event on social media. What got his attention the most wasn’t the rescue itself — it was when the captain announced that the yacht of billionaire Facebook owner Mark Zuckerberg was closer and hadn’t answered the radio call for help. “There was near unanimous booing when the captain announced this,” he said...

Mark-ing his territory in the most Meta way possible. An Indiana lawyer who shares the name Mark Zuckerberg is suing Meta after the social media platform repeatedly shut down his personal and business profiles, claiming he was impersonating its founder. Zuckerberg, an Indianapolis bankruptcy lawyer, has battled mistaken identity issues on Facebook for 15 years, sharing a name with the platform’s billionaire creator. His verified personal account has been shut down five times, and after losing $11,000 in ad funds to Meta when his law firm’s page was taken down in May for the fourth time, he’s taking his fight...

WASHINGTON (AP) — Meta has agreed to pay $25 million to settle a lawsuit filed by President Donald Trump against the company after it suspended his accounts following the Jan. 6, 2021, attack on the Capitol, according to three people familiar with the matter.

t's a rough time to be working at Facebook, Instagram, or one of Meta's many other properties. Mark Zuckerberg's social media giant will reportedly hand out roughly 8,000 pink slips on Wednesday, May 20, eliminating about 10% of its global workforce. Notably, though, these cuts will arrive on the heels of one of the most lucrative quarters in the company's history: $56.31 billion in revenue and $26.8 billion in net income (1) for the first three months of 2026, per Meta's Q1 earnings filing. For many Meta employees, that stark contrast is apparently driving morale into the dirt. According to...

It’s hard to even imagine now, but immediately after it launched in 2004, there was nothing on the internet cooler than Facebook. It was initially available only to Harvard students, then gradually expanded to students at other elite colleges, giving it an aura of exclusivity that founder Mark Zuckerberg clearly coveted. By the time it opened up to public accounts in 2006, the hype was palpable, paving the way to an explosive initial public offering in 2012. Since those salad days, its trajectory has never been quite the same. Sure, it’s maintained market share with a series of cynical acquisitions...

Social media giant Meta is threatening to shut down access to Facebook, Instagram, and even WhatsApp in New Mexico if a judge orders the company to implement sweeping child-safety mandates sought by Attorney General Raúl Torrez. The warning comes ahead of a bench trial beginning Monday in Santa Fe, where the New Mexico Department of Justice will seek court-ordered reforms to Meta’s platforms after previously securing a $375 million jury verdict against the company for violating the state’s consumer protection laws. According to newly unsealed court filings first reported by Source New Mexico and expanded upon by The Verge, Meta...

In February, workers at the company, Sama, told two Swedish newspapers they had witnessed glasses users going to the toilet and having sex. Less than two months later, Meta ended its contract with Sama, which Sama said would result in 1,108 workers being made redundant. Meta says it's because Sama did not meet its standards, a criticism Sama rejects. A Kenyan workers' organisation alleges Meta's decision was caused by the staff speaking out. Meta has not addressed that allegation but told BBC News in a statement it had "decided to end our work with Sama because they don't meet our...

Mark Zuckerberg’s Meta plans to lay off 10% of its workforce in a companywide bloodbath next month – with even more cuts to follow later in the year, according to a report Friday. The Instagram parent will ax nearly 8,000 employees in the initial round set for May 20, Reuters reported. More layoffs are expected in the second half of the year, but Meta executives have yet to decide how extensive they will be or exactly when they will occur. Meta’s plans could be adjusted based on the state of the company’s artificial intelligence capabilities, sources ominously told the outlet....

A Reddit researcher just exposed how Meta funneled over $2 billion through shadowy nonprofits to push age verification laws that would force Apple and Google to build surveillance infrastructure into every device—while conveniently exempting Meta’s own platforms from the same requirements. Following the Money Trail Through Dark Networks Meta’s lobbying operation spans 45 states using nonprofit shells to avoid transparency requirements.

H-1B visa filings at major tech companies fell sharply late last year, according to federal data, as layoffs mount and new visa restrictions take hold. The decline comes as changes to the work visa program since September have made the process costlier and placed applicants under tighter scrutiny, and as tech goliaths like Amazon, Google, Meta, and Microsoft have undergone successive rounds of job cuts. Department of Labor data shows that some employers filed markedly fewer H-1B visa applications in the first quarter of fiscal 2026 than they did a year earlier. On the federal calendar, Q1 runs from October...

A Los Angeles jury found Wednesday that Meta’s Instagram and Google’s YouTube harmed a young user with features designed to hook kids — in a bombshell verdict that “shakes Big Tech’s predatory business model to its core.” The high-profile case involved a 20-year-old woman who claimed she became dangerously obsessed with the apps at a young age because they were deliberately built to be addictive, using features like infinite scroll and autoplay. The tech giants were found liable for $3 million in damages. The multi-million-dollar judgment is likely to grow, as the jury of seven women and five men will...

Tech giant Meta has reportedly announced that it is shutting down its metaverse project, which was a dream project of its founder Mark Zuckerberg, who had called it “the next frontier" upon rebranding the social media company from Facebook to Meta in 2021. Four and a half years later and a total outlay of humongous $80 billion, the project has been dumped, making it a failed project. The shift in Meta’s approach came at a time when generative artificial intelligence (AI) has become the new hotbed for tech companies, with capital expenditure reaching trillions of dollars and a heated race...

Meta Platforms may shrink its workforce by up to 20% in a sign that artificial-intelligence productivity gains are finally materializing. According to a Reuters report from Friday, Meta has not finalized specific dates or details for cuts but is considering widespread reductions to its workforce. The company had nearly 79,000 employees as of its last annual filing. A Meta spokesperson told Reuters, “This is speculative reporting about theoretical approaches.” The company didn’t respond to a MarketWatch request for comment. But Wall Street seems encouraged that the company is thinking about paring back its staff. Shares are up 2.9% in Monday’s...

Crab Costumes courtesy of "A Meta AI security researcher said an OpenClaw agent ran amok on her inbox" by Julie Bort, February 23, 2026 Okay, AI is going to take away all serious jobs, we have to reinvent ourselves with a new life mission that's not totally ridiculous make-work, we'll get perhaps $150 per month "guaranteed" minimal income, live in pod communities like the Coppertops in The Matrix, eat bug-burger, "you'll own nothing and be happy". But if it's A.I. that is trying to run down this "you will be assimilated, resistance is futile" trope, they'd better get cracking with...

A newly granted patent to Meta is raising unsettling questions about the future of artificial intelligence (AI) and digital identity. The company’s developments suggest that social media users could continue posting, commenting, and even interacting with loved ones after death.