Meta was fined by Irish data protection authorities for how it handled client information. The investigation that resulted in the €265 million fine (Approx $277) was conducted by the Irish Data Protection Commission. An examination of the online dissemination of sensitive information on 500 million Facebook and Instagram users was
The Russian government has delivered a serious setback to Meta (Facebook). On Friday, Meta was reportedly designated as an extremist group by the Russian Ministry of Justice. An earlier ruling in Russia found that Meta was involved in extremist activity. Additionally, Moscow censored Instagram and Facebook. They said it was
It has just come to light that 11,000 people, or around 13% of Meta’s staff, would be impacted by the decision. Mark Zuckerberg, CEO of Meta, made the news on the official blog. The crypto market is in disarray, and the IT sector has its own issues. Following Twitter’s big
Recently, layoffs have become more prevalent. Many firms operating in the cryptocurrency industry have started laying off employees as a means of cutting costs. Moreover, it was reported that Meta had is planning to follow suit and was getting ready for “large-scale layoffs.” Many have speculated that the Reality Labs
The tech sector’s most recent tussle is the massive layoffs in every other company. An increase in the inflation rate has pushed the firms to the corner of reducing the workforce count. The Kobeissi Letter, the leading commentator on the global capital market produced a summarization of the layoff percentages
Meta Platforms, Inc. (META), the parent company of Facebook, is planning for “massive layoffs”. According to a recent report from The Wall Street Journal, Meta is expected to begin large-scale layoffs this week due to increased costs and a recent decline in its stock price. The action from the platform
Polygon (MATIC) price surged by over 9% in the last 24 hours to $1.21. Today, MATIC attained six months high of $1.27. Polygon’s native cryptocurrency $MATIC has grown more quickly and signaling bullish patterns. According to Coingecko, Today, $MATIC has surged by around 30% in the last 7 days to
The social media giant must pay $24,660,000 to settle 822 breaches. Meta has consistently raised objections to the regulations. Lately, the technology conglomerate Meta has become a hot topic of conversation. The corporation announced its earnings recently. The company’s bottom line took a serious blow due to investments in the
Facebook Reality Labs (FRL) divisions outlined a $2.8 billion loss in Q2, 2022. Shift from “Facebook” to “Meta” states Mark’s intention to get fully involved in the metaverse. Meta’s metaverse division recorded a loss of $3.7 billion in the third quarter of 2022, which is around 1 billion higher than
The goal of “Creativity in the Metaverse” program is to support the startup ideas. The acceleration program will boost Meta & Loreal’s international market & brand reach. Meta, the global social media lead has partnered with the pioneer cosmetic firm L’Oréal to power the metaverse and web3 startup accelerator initiated
