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Keyword: zuckerberg

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  • Zuckerberg slams Apple’s ‘problematic’ app store dominance

    12/01/2022 10:29:43 AM PST · by SeekAndFind · 19 replies
    MSN via The Hill ^ | 12/01/2022 | Rebecca Klar
    Meta CEO Mark Zuckerberg slammed Apple over its dominance over the app store market Wednesday, ramping up his criticism of the tech giant on the heels of similar comments made by new Twitter CEO Elon Musk. Zuckerberg called Apple’s control in the app store market “problematic” at The New York Times’ DealBook Summit. “It is the only one where one company can control what apps get on the device. I don’t think it’s sustainable or good,” Zuckerberg said. Apple only allows apps to be downloaded through the Apple App Store on devices that run on its iOS, such as iPhones...
  • Meta [Facebook] Trained an AI on 48M Science Papers. It Was Shut Down After 2 Days

    11/20/2022 12:52:06 PM PST · by BenLurkin · 71 replies ^ | Nov. 20, 2022 5:00 a.m. PT | Jackson Ryan
    Galactica is an artificial intelligence developed by Meta AI (formerly known as Facebook Artificial Intelligence Research) with the intention of using machine learning to "organize science." It's caused a bit of a stir since a demo version was released online last week, with critics suggesting it produced pseudoscience, was overhyped and not ready for public use. The tool is pitched as a kind of evolution of the search engine but specifically for scientific literature. Upon Galactica's launch, the Meta AI team said it can summarize areas of research, solve math problems and write scientific code. Almost as soon as it...
  • Check Out The Elites Tied Up With FTX Con Artist And Mega-Democrat Donor Sam Bankman-Fried

    11/19/2022 3:29:57 PM PST · by george76 · 42 replies
    The Federalist ^ | NOVEMBER 18, 2022 | Shawn Fleetwood
    It’s worth taking a glance at the numerous figures, especially Democrats, who buddied up to the former crypto tycoon over the years. ... Not that long ago, Sam Bankman-Fried was on top of the world. Sporting a net worth of approximately $15.6 billion, Bankman-Fried was the CEO of FTX, a cryptocurrency exchange platform launched in 2019 that had accumulated more than a million consumers by 2022. At 30 years old, he was extremely successful — that is, until last week when he was exposed as a con artist. After a Nov. 2 article from the digital currency news site Coindesk...
  • Facebook Parent Meta to Lay Off 11,000 Employees

    11/09/2022 5:13:06 AM PST · by NautiNurse · 26 replies
    WSJ ^ | 9 November 2022 | Sam Schechner & Newley Purnell
    Meta Platforms Inc. said it would cut more than 11,000 workers, or 13% of staff, embarking on the company’s first broad restructuring to cope with a slumping digital-ad market and falling stock price. In a message to staff on Wednesday morning, Chief Executive Mark Zuckerberg said the company, the parent of Facebook META -0.26%decrease; red down pointing triangle and Instagram, would cut staff across all of its businesses, with its recruiting and business teams disproportionately affected. The company is also tightening its belt by reducing its office space, moving to desk sharing for some workers, and extending a hiring freeze...
  • TECH Meta could begin large-scale layoffs this week, report says

    11/06/2022 2:31:39 PM PST · by Red in Blue PA · 22 replies
    Meta could begin to carry out large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal. The layoffs are expected to impact thousands of employees, the report said.
  • Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week

    11/06/2022 2:21:13 PM PST · by abb · 37 replies
    The Wall Street Journal ^ | November 6, 2022 | Jeff Horwitz
    Meta Platforms Inc. is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic. The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people.
  • Meta's Horizon Worlds Metaverse Is Failing So Badly They Have To Beg & Force Staff To Use & Love It

    11/03/2022 6:44:40 AM PDT · by Salman · 15 replies
    YongYea (YouTube channel) ^ | 22 OCT 2022 | YongYea
  • Facebook has lost political ad dollars since Apple crackdown and 2020 election fallout

    11/02/2022 5:54:56 AM PDT · by Red in Blue PA · 9 replies
    Political advertisers are spending less on Facebook advertising for the 2022 midterms after flocking to the social network in previous cycles.Apple’s iOS privacy update in 2021 has made it more difficult for political campaigns to reach potential voters with targeted ads.“I think the throughline that you’ll see overall is Facebook has become a much less effective platform over the past two years,” said Laura Carlson of the Democratic Governors Association.
  • Facebook workers are reportedly under duress as Meta stock craters

    10/28/2022 2:26:27 PM PDT · by Oldeconomybuyer · 79 replies
    SF Gate ^ | October 28, 2022 | By Joshua Bote
    Workers at the Bay Area-based tech behemoth Meta, the owners of Facebook, Instagram and the struggling Meta Quest VR devices, are reportedly feeling the pinch as the company's stock falters dramatically. According to a Business Insider report from Wednesday, Facebook workers are feeling heightened pressure to overperform or get sacked. The report added that even high achievers in the company are not immune to layoffs. This detail dovetails with a recent open letter by prominent shareholder Brad Gerstner, who called for a cutback in Meta funding and a 20% cutback in staff costs. Meta stock cratered by nearly 25% at...
  • TECHMeta shares plummet 14% on weak fourth-quarter forecast and earnings miss

    10/26/2022 2:59:32 PM PDT · by Red in Blue PA · 6 replies
    Meta reported a second straight quarterly revenue decline and is forecasting another drop in the fourth quarter.The company’s Reality Labs division, which houses its VR headsets, lost over $9 billion in the first three quarters.The stock plunged in extended trading after already losing two-thirds of its value so far this year
  • FBI Team Involved in Censorship of Hunter Biden Laptop Story Identified

    10/07/2022 10:55:02 AM PDT · by Red Badger · 53 replies
    NTD News ^ | October 7, 2022 | Zachary Stieber
    The FBI team that was in communication with Facebook before the social media company censored the original Hunter Biden laptop story has been identified, according to a new court filing. Meta, Facebook’s parent company, identified the team as the FBI’s Foreign Influence Task Force (FITF), according to an updated complaint entered late on Oct. 6. Meta named the team after receiving a subpoena in a case alleging the federal government pressured Big Tech firms to censor users. “Pursuant to the third-party subpoena, Meta has identified the FBI’s FITF, as supervised by Laura Dehmlow, and Elvis Chan as involved in the...
  • ‘Zuckbucks 2.0’: Democrat Operatives Are Helping Milwaukee Rig Its 2022 Elections

    09/29/2022 10:50:53 AM PDT · by SeekAndFind · 16 replies
    The Federalist ^ | 09/29/2022 | Victoria Marshall
    The Milwaukee mayor asked a Democrat Party operative for help spinning the city’s privately funded get-out-the-vote campaign.The Republican Party of Wisconsin has filed a lawsuit challenging the city of Milwaukee’s “Milwaukee Votes 2022” initiative, after an exclusive report by Empower Wisconsin revealed that Milwaukee Mayor Cavalier Johnson asked a Democratic Party operative for help spinning the city’s privately funded get-out-the-vote campaign, which some critics label “Zuckbucks 2.0.”“The Republican Party of Wisconsin is deeply concerned that cities like Milwaukee are working with Democrat operatives and partisan third party groups to get out the vote in a manner designed to tip the...
  • Meta shuts down covert influence campaigns run from China and Russia

    09/27/2022 6:46:30 AM PDT · by thinden · 30 replies
    CNN ^ | September 27, 2022 | Donie O'Sullivan
    CNN Business — Facebook parent company Meta announced Tuesday it had detected and shut down two separate networks of fake accounts engaged in covert influence operations run from China and Russia.
  • Meta disables Russia’s anti-Ukraine propaganda targeting Europe

    09/27/2022 8:49:45 AM PDT · by Berlin_Freeper · 40 replies
    Associated Press ^ | Sept. 27, 2022 | DAVID KLEPPER
    A sprawling disinformation network originating in Russia sought to use hundreds of fake social media accounts and dozens of sham news websites to spread the Kremlin’s talking points about the invasion of Ukraine, Facebook parent company Meta said Tuesday. The company, which also owns Instagram, said it identified and disabled the operation before it was able to gain a large audience. Nonetheless, Facebook said it was the largest and most complex Russian propaganda effort that it has found since the invasion began. The operation involved more than 60 websites created to mimic legitimate news sites including the Guardian newspaper in...
  • Why Meta Platforms (NASDAQ:META) Could be a Steal Right Now

    09/26/2022 4:56:15 PM PDT · by Presbyterian Reporter · 14 replies ^ | SEP 26, 2022 02:49PM EDT | Joshua Enomoto
    At first glance, the narrative for Meta Platforms (NASDAQ:META) appears overwhelmingly negative. Just from a brief peek at its price chart, investors recognize that META stock hemorrhaged more than half of its market value. With even CEO Mark Zuckerberg sounding the alarm about broader economic conditions, I am cautiously bullish on META. As mentioned above, market participants with a dim view of META stock have plenty of reasons for their pessimism. Broadly speaking, soaring inflation devastated consumer sentiment in the first half of this year, which saw the dollar’s purchasing power diminish by 5.3%. Now, with the Federal Reserve making...
  • Mark Zuckerberg hit with legal complaints over alleged attempt to influence 2020 election

    09/22/2022 4:02:11 PM PDT · by george76 · 6 replies
    FOX Business ^ | September 22, 2022 | Thomas Catenacci
    Zuckerberg's alleged actions were 'beyond disgraceful,' ... Facebook CEO Mark Zuckerberg, his wife and three voting rights groups were hit Thursday with legal complaints alleging malfeasance related to activities surrounding the 2020 election. The Center for Renewing America (CRA) filed two complaints — the first against Zuckerberg and his wife Priscilla Chan and the second against the groups Center for Tech and Civic Life (CTCL), Center for Election Innovation and Research (CEIR) and National Vote at Home Institute (NVAHI) — Thursday morning with the Internal Revenue Service (IRS). The complaints .. allege that Zuckerberg and the three groups were involved...
  • Meta is reportedly cutting staff and reorganizing teams

    09/21/2022 5:13:58 PM PDT · by libh8er · 19 replies
    Engadget ^ | 9.21.2022 | K Bell
    Meta has begun cutting staff and reorganizing teams in an effort to cut costs, according to a new report in The Wall Street Journal. The company apparently doesn’t want to frame the changes as layoffs, but is reportedly “quietly nudging out a significant number of staffers” as it prepares for more significant cuts. It’s not clear how many Meta employees have been affected so far. According to the report. Meta has been allowing staffers to apply for new jobs within the company, but workers only have a 30-day window to do so. The result, according to The Journal, is that...
  • You don't get to have it all ways, Zuckerberg

    09/20/2022 8:49:29 AM PDT · by Starman417 · 5 replies
    Flopping Aces ^ | 09-20-22 | DrJohn
    Lord John Acton once said "“Power tends to corrupt and absolute power corrupts absolutely." I cannot be completely certain, but I think he was referring to Mark Zuckerberg. Money brings power and Zuckerberg has lot and lots of money. When Facebook was created, it promised to allow free speech. It also had plenty of criticsThe problem is that Facebook doesn’t offer free speech; it offers free amplification. No one would much care about anything you posted to Facebook, no matter how false or hateful, if people had to navigate to your particular page to read your rantings, as in the...
  • Go Woke, Go Broke: Zuckerberg Expected To Announce Mass Layoffs After ‘One Of The Worst Downturns’

    09/09/2022 7:33:41 AM PDT · by rktman · 54 replies ^ | 9/7/2022 | James Baker
    Due to horrible financial conditions under the Biden administration, Meta CEO Mark Zuckerberg is reportedly laying the groundwork for mass layoffs at Meta. Managers “who are unable to get on track” could lose their jobs as part of the cuts, Reuters reports. Zuckerberg is expected to identify employee performance as the reasoning behind the layoffs. Critics have accused Facebook of “going woke” by using left-wing fact-checkers to censor conservative voices on the platform. During a weekly employee meeting, Zuckerberg said,” If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in...
  • States Banning or Restricting “Zuck Bucks”—UPDATED 08/18/2022

    09/08/2022 7:22:05 AM PDT · by T Ruth · 4 replies
    Capital Research Center ^ | July 27, 2022; Aug. 18, 2022 | Sarah Lee, Hayden Ludwig
    State Bans and restrictions passed: 24 states Alabama, Arizona, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Mississippi, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West VirginiaCounty Bans and restrictions passed: 5 counties Wisconsin: Walworth, Ozaukee, Kenosha, Winnebago Michigan: LivingstonVetoes: 6 states Kansas (veto overridden), Louisiana, Michigan, North Carolina, Pennsylvania, Wisconsin (vetoed twice)Private financing of government election offices under the guise of COVID-19 relief skewed voter turnout in the 2020 election and may have tipped the presidential election to Joe Biden.The chief culprit was Facebook CEO Mark Zuckerberg, who poured $350 million...