Meta

In the latest development from the President Joe Biden administration, Elizabeth Kelly, a key White House aide, has been appointed director of the recently founded AI Safety Institute. What Happened: The administration announced Kelly’s appointment on Wednesday, as reported by AP...

Investors should not be overly concerned about the significant concentration of mega-cap tech stocks, according to a top strategist. What Happened: Brian Belski, the chief investment strategist at BMO Capital Markets, believes that the current market risk due to the dominance of mega-cap tech...

Bluesky, the decentralized social media platform, has decided to remove its invite-only sign-up system and open its doors to all interested users. What Happened: Bluesky, a decentralized social media platform that initially gained popularity with its closed beta, is now allowing anyone to sign up,...

Facebook’s creator, Mark Zuckerberg, has been seen sporting a new hairstyle, which some believe could be a mullet, during a Senate Judiciary Committee hearing. What Happened: Zuckerberg, who is known for his Caesar-like haircut, was observed with a fluffy blond growth at the back of his neck...

Meta Platforms Inc (NASDAQ:META) announces inaugural dividend, potentially yielding CEO Mark Zuckerberg an estimated annual payout of $700 million. What Happened: Meta has communicated its decision to reward investors with a quarterly cash dividend of 50 cents per share for Class A and B common...

The Senate Judiciary Committee Chair Dick Durbin (D-Ill.) on Thursday has drawn a parallel between Mark Zuckerberg, the CEO of Meta Platforms Inc, and the executives of major tobacco companies. This comparison was made in response to Zuckerberg’s recent statement regarding the impact of...

Top tech executives are scheduled to testify at a Senate Judiciary Committee hearing on child safety in social media and are expected to make unprecedented policy commitments and legislative endorsements. What Happened: Linda Yaccarino of X, Mark Zuckerberg of Meta (NASDAQ:META), and...

Responding to concerns about its services being used by "predators," Meta Platforms Inc. (NASDAQ:FB) has unveiled stricter messaging settings for teenagers on its social media platforms, Instagram and Facebook. What Happened: As per a post on Meta’s official blog on Thursday, the tech giant...

In a significant move on Monday, Cathie Wood-led Ark Invest made a headline-grabbing trade by selling a substantial amount of ProShares Bitcoin Strategy ETF (NYSE:BITO) units and concurrently increasing its stake in the ARK 21Shares Bitcoin ETF (NYSE:ARKB). This strategic shift in Ark Invest’...

A week after eliminating the role of technical program manager (TPM) at Instagram, impacting nearly 60 employees, Meta Platforms Inc. (NASDAQ:META) is now reportedly looking to expand it to other organizations. What Happened: Mark Zuckerberg-led Meta is said to be considering either axing the TPM...

In a recent development, Meta Platforms Inc (NASDAQ:META) CEO Mark Zuckerberg has hinted at the company’s massive investment in NVIDIA Corp (NASDAQ:NVDA) AI chips. What Happened: Zuckerberg revealed in an Instagram Reels post that Meta is allocating billions of dollars to Nvidia’s AI...

Facebook’s parent company, Meta Platforms Inc. (NASDAQ:META), is proposing a $51 million settlement in response to a class-action lawsuit in Canada. The lawsuit alleges unauthorized use of users’ images in Facebook ads. What Happened: The lawsuit was initiated by a British...

CEO of Meta Platforms Inc (NASDAQ:META), Mark Zuckerberg, instigated changes in his PR team following widespread ridicule of his metaverse avatar, reveals a recent report. What Happened: Zuckerberg took offense when his metaverse avatar, derided for its low-quality design, was mocked...

Meta Platforms Inc’s (NASDAQ:META) Instagram is discontinuing the role of technical program managers. The move requires affected employees to reinterview for alternate roles, with the risk of being terminated by March if they fail to secure a new position. What Happened: Instagram ...

Mark Zuckerberg reportedly sold an eye-watering $428 million worth of Meta Platforms Inc. (NASDAQ:META) shares in the last two months of 2023, following a two-year pause. What Happened: Zuckerberg, who owns about 13% of Meta, sold shares on every trading day from Nov. 1 through the year’s end...