Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg said in a letter to employees Wednesday. “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” Zuckerberg said in the letter. “I’ve decided to reduce the size of our team by about 13% and […]

For tech investors hoping Meta Platforms finds religion on cost cuts as they relate to heavy spending on virtual reality, now is not the time to bet on it. The company is cutting costs, including mass layoffs, and much of the market has been focused on the billions that Mark Zuckerberg is pouring into Reality […]

Kaynes Technology IPO date is not fixed yet, the IPO is to hit the markets soon as per the market speculations. Kaynes Technology Technologies IPO to raise around ₹[.] crores via IPO that comprises fresh issue of ₹500 crores and offer for sale up to 7,200,000 equity shares of ₹10 each. The retail quota is […]

Technology Meta reaches $37.5 mln settlement of Facebook location tracking lawsuit A preliminary settlement of the proposed class action was filed on Monday. 24 August,2022 09:02 am (Reuters) – Meta Platforms Inc (META.O) reached a $37.5 million settlement of a lawsuit accusing the parent of Facebook of violating users’ privacy by tracking their movements through […]

Associated Press BURLINGAME, Calif. (AP) — Facebook parent Meta has opened its first physical store — in Burlingame, California — to showcase its hardware products like virtual and augmented reality goggles and glasses. The store, which is open to the public as of Monday, is made for people who want to test out products like […]

Text size Evercore ISI’s Mark Mahaney set a short-term Underperform rating on Meta shares. NOAH BERGER / AFP / Getty Images There is growing consensus on the Street that Facebook parent Meta Platforms is headed for yet another rough quarter. Meta shares (ticker: FB) have fallen by about a third since the fourth-quarter earnings report, […]

A Tesla dealership in Colma, California, on Wednesday, Jan. 26, 2022. David Paul Morris | Bloomberg | Getty Images For consumers who have found that costlier insurance is just one of the expenses that make electric cars trickier to love, this is the year when relief may be coming. Tesla says its company-backed insurance, now […]

Text size Meta Platforms, the former Facebook, has a lower price-to-earnings ratio than other Big Tech companies. Noah Berger/AFP via Getty Images Meta Platforms ‘ stock is as cheap now as it has ever been since the company’s 2012 initial public offering. After a 32% fall in its shares, to $219, since Feb. 2, when […]

HONG KONG, Oct. 25, 2021 /PRNewswire/ — MioTech introduced right now that it has secured investments from J.P. Morgan Asset Administration and HSBC Asset Administration’s Monetary Expertise Enterprise Capital Fund. That is an extension to its newest sequence B+ funding spherical led by Guotai Junan Worldwide and GIC. The corporate’s earlier traders embrace ZhenFund, Horizons Ventures, […]

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