Meta is rolling out an Instagram subscription service for $3.99 a month, called Instagram Plus, which adds features such as “stories” that last for 48 hours, double the amount of time for nonpaying users. The new service is aimed at helping Meta diversify its revenue base, which is heavily dependent on advertising. The photo-sharing app … Read more
Meta unveils new AI business agent for customer service – CBS News Watch CBS News Businesses can now expand their AI customer service with Meta’s help. Senior technology reporter Abrar Al-Heeti joins CBS News to talk about that and some of the other big tech stories of the day. Source link
Meta will offer exclusive features for paid subscribers – CBS News Watch CBS News Meta says its rolling out paid social subscriptions that will include exclusive features like “super reactions” and customizable themes. Kelly O’Grady reports. Source link
As Meta cut 10% of its workforce on Wednesday — a move that had been anticipated for more than a month — CEO Mark Zuckerberg addressed the tech giant’s transition in a companywide memo. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Zuckerberg thanked the impacted employees, stressed … Read more
Meta is moving 7,000 employees into roles focused on artificial intelligence and consolidating them into four new organizations, according to a source familiar with the matter. The shift is part of a broader reorganization that is expected to be announced Wednesday, which will include layoffs affecting 10% of the company. Subscribe to read this story … Read more
A group of publishers and bestselling novelist Scott Turow are suing Meta and its founder, Mark Zuckerberg, alleging that the tech giant used copyrighted material to train Meta’s artificial intelligence technology. The class-action lawsuit, filed in a federal court in New York, was brought by Turow and publishers Cengage, Elsevier, Hachette, Macmillan and McGraw-Hill. The plaintiffs … Read more
Meta Platforms Inc. reports strong first-quarter results, surpassing expectations with significant earnings growth, but the stock slipped in after-hours trading Instagram and Facebook parent Meta Platforms Inc. posted results Wednesday for the first quarter that exceeded expectations, showing growth in earnings, but the social media giant also increased its forecasted capital expenditures for the year. … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Skip to Content news Alerts There are no new alerts at this time 00:21 Meta to lay off 10% of company, Microsoft offers buyouts 00:0000:00 Source link
Meta plans to lay off roughly 8,000 employees, or 10% of its workforce, in a move to slash costs as the technology company pushes deeper into artificial intelligence. In an internal memo sent to workers, Meta said the job cuts are intended to make the company more efficient and to offset its other investments. The … Read more
Meta is planning to lay off approximately 8,000 employees and eliminate another 6,000 open roles as it seeks to reduce costs amid its massive bet on artificial intelligence. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. With approximately 78,000 employees at the end of 2025, the cuts will … Read more