Meta Platforms: Last News

Roku is joining the growing list of tech and media companies reducing their workforces, announcing plans to cut 200 positions in the U.S.

YouTube‘s revenue will surpass Disney‘s this year, making it the top global player in media, according to a report by veteran Wall Street analyst Michael Nathanson.

Meta and Amazon are both axing their diversity programs, adding their names to a growing list of firms across corporate America making similar moves in anticipation of Donald Trump’s return to the White House.

A lawsuit seeking class action status accuses Meta of rolling back its now shuttered Facebook Watch streaming video service to give Netflix a clear path as part of a deal to split the spoils of the new digital landscape.

Reddit is joining a growing list of tech companies contracting due to the bumpy economy, telling workers it plans to lay off 5% of employees and scale back new hiring.

Disney has eliminated a small business unit focused on exploring the metaverse, part of its initial efforts to reduce its workforce by about 7,000 employees.

Amazon is laying off another 9,000 workers as job cuts in the tech sector expand at a time of growing economic uncertainty. It follows cuts last fall and early this year.

YouTube Shorts, a short-form video platformed launched after TikTok gained major traction among young digital audiences, is expanding to connected-TVs.

Amazon shares plunged more than 20% after hours after shedding 4% during the regular trading day after the company became the latest tech giant to stumble in the third quarter.

Amazon shares plunged more than 20% after hours after shedding 4% during the regular trading day after the company became the latest tech giant to stumble in the third quarter.

Donald Trump may have his accounts reinstated on Facebook next year following a review of the company’s decision to suspend him, a top executive for parent Meta Platforms said on Thursday.

Shares in Comcast and Meta got hammered in early trading, though the broader stock markets are holding steady despite swirling currents of economic news and signs of a recession.

Polyamorous activists are seeking to change Facebook’s relationship status options to provide an inclusive option for those in multiple people relationships.In a letter to Tom Alison, the head of the Facebook app, the Organization for Polyamory and Ethical Non-Monogamy (OPEN) argued that the current relationship options on the social media platform were “arbitrary, exclusionary, and contrary to Meta’s core values,” referring to Facebook’s parent company, Meta Platforms, Inc.In the three-page open letter, dated June 16, the members of OPEN’s executive board argued that the lack of display options for people in polyamorous relationships on the site erases their identity.“At best, this restriction perpetuates the erasure and marginalization of non-monogamous relationships; at worst, it harms non-monogamous users by perpetuating social stigmas around the validity and authenticity of their relationships,” the board members wrote in the letter.Facebook currently has 11 options for people who wish to disclose their relationship status: single, in a relationship, engaged, married, in a civil partnership, in a domestic partnership, in an open relationship, it’s complicated, separated, divorced, and widowed, reports the online magazine Xtra.Some have argued that those in polygamous relationships can use the “in an open relationship” status, but OPEN opposes this because this doesn’t allow for polyamorous people to “present their most authentic self on their Profile’ and contributes actively to “delegitimizing non-monogamous relationships.”According to OPEN’s board members, approximately 4-5% of adults in the United States currently practice some form of ethical non-monogamy, which refers to “a range of relationship practices

Todd Spangler NY Digital EditorFacebook once called its Portal family of devices, first introduced in 2018, “the future of video calling” — and spent big on ad campaigns pushing the products.Now the social media giant, since renamed Meta Platforms, is switching gears: The company will no longer produce consumer versions of the Portal and instead will focus on business uses, as first reported by The Information.The main feature of Meta Portal (which was previously called Facebook Portal) is video-calling, with the ability to start or join calls of up to 50 people. The devices feature built-in support for Amazon’s Alexa voice assistant.In addition, the Portal line has been positioned as an entertainment device, providing access to Netflix, Amazon’s Prime Video, Paramount+ and Showtime, as well as Spotify, Pandora and iHeartRadio (and, of course, Facebook Watch).

Despite growing headwinds from supply-chain snags, macro-economic challenges and chip shortages, Apple handily beat Wall Street forecasts for its fiscal second quarter.

Meta Platforms, parent company of Facebook and Instagram, reported a mixed bag of first-quarter results, beating Wall Street expectations for earnings but falling short in total revenue.

Shares in Meta Platforms, the tech giant formerly known as Facebook, plunged in after-hours trading after the company missed Wall Street forecasts for earnings in the fourth quarter.