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Meta's Mass Layoffs' Repercussion? Facebook Parent Reportedly Pulls The Plug On Portal, Smartwatch Project
Monday, November 14, 2022 - 4:37am | 416Read More...Facebook parent Meta Platforms Inc. (NASDAQ: META) stopped all development work on its Portal smart displays and smartwatch project following 11,000 job cuts a few days ago, which is 13% of the company's total workforce. What Happened: Meta has stopped working on Portal smart display devices...
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Will Mark Zuckerberg's Layoff Plan Restore Meta Investors' Confidence? Analyst Says It 'Still Doesn't Make Up For…'
Wednesday, November 9, 2022 - 7:02am | 420Read More...Meta Platforms Inc. (NASDAQ: META) rumored job cuts will be publicly disclosed on Wednesday, and Loup Funds’ Gene Munster offered his take on how effective the eliminations will be in helping the company get back on track. What Happened: Meta is likely to reduce 10% of its headcount,...
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Facebook Parent's Metaverse Division Loses Nearly $3B In Q1, But Mark Zuckerberg Wants To See It Through
Wednesday, April 27, 2022 - 10:31pm | 352Read More...Facebook parent Meta Platforms Inc (NASDAQ: FB) said in its first-quarter earnings report that its Facebook Reality Labs division incurred a loss of $2.96 billion in the period. What Happened: Reality Labs, which encompasses Meta’s augmented and virtual reality segments, reported a loss of $1...
