Mark Zuckerberg’s metaverse may be facing a troubling future after worldwide shipments of VR headsets and augmented reality (AR) devices dropped more than 12 percent to 9.6 million in 2022.
Facebook (now known as Meta) and Alphabet, which owns Google and YouTube, are set to lose their long-held dominance over the advertising market this year, dropping below 50 percent of the market for the first time in nearly a decade.
Big Tech has had a rough year, with many startups failing and stock prices plummeting. As a result, seven of the world’s tech billionaires have lost a combined $433 billion in total wealth.
The lobbying arm of Silicon Valley’s tech investors, represented by billionaire Mark Zuckerberg’s FWD.us, admits it is “extremely unlikely” that an amnesty for millions of illegal aliens can pass the lame-duck Congress.
Big Tech executives are throwing their support behind Sens. Thom Tillis (R-NC) and Kyrsten Sinema’s (I-AZ) last-ditch amnesty and foreign worker expansion plan.
Records obtained by Sen. Josh Hawley (R-MO) show that Nina Jankowicz – the executive director of the Department of Homeland Security’s (DHS) now-terminated Disinformation Governance Board – and other DHS officials planned to meet with Facebook (now known as Meta) Head of Security Nathaniel Gleicher, who served under that title when the company suppressed the New York Post’s reporting on Hunter Biden’s “laptop from hell” in the lead-up to the 2020 election.
The Facebook Oversight Board, popularly known as the platform’s “Supreme Court,” said on Tuesday that the company’s controversial system that applies a different moderation process for posts from VIPs is set up to “satisfy business concerns” and risks doing harm to normal users. The board, stacked with leftists, believes the answer is more censorship.
Despite the “Twitter Files” not providing any revelations on the issue of the federal government guiding censorship of the “laptop from hell” so far, there are multiple indications that this occurred in the lead-up to the election.
Facebook (now known as Meta) CEO Mark Zuckerberg warned that his platform, the largest social media platform in the world, may have to remove news content altogether if Congress passes the Journalism Competition and Preservation Act (JCPA), a bill that will create a cartel of media conglomerates capable of forcing Big Tech to transfer wealth to them.
While social media giants are known for acting quickly and without hesitation to censor certain information being posted during election season — such as the bombshell news story about Hunter Biden’s infamous “laptop from hell” — Facebook reportedly failed to block ads containing death threats to election workers ahead of the 2022 midterm elections.
A party hosted by the EU Foreign Aid department on its own proprietary “metaverse” that cost around ~$400,000 to build reportedly flopped on Tuesday, with almost no one attending.
Facebook will remove the option for users to share their religious views, political views, and sexual preferences in their profile, a change that will go into effect at the start of December.
Facebook has reportedly terminated or reprimanded more than two dozen employees and contractors over the last year for allegedly accepting bribes in return for improperly accessing user accounts.
Being one of Facebook’s anointed “fact checkers,” with the ability to suppress the reach publications at will, liberal “fact checker” PolitiFact has now resorted to posting links to articles from rival publications in Facebook comments underneath Breitbart News posts.
Elon Musk and other Fortune 500 CEOs are firing thousands of their tech employees — but there is growing evidence that American graduates are being fired while the CEOs keep paying many thousands of cheap foreign visa workers.
Mark Zuckerberg’s Facebook will begin massive layoffs affecting thousands of workers this week, according to the Wall Street Journal.
Executives from Facebook and Twitter, including the recently-fired head of trust & safety Vijaya Gadde, held regular meetings with the Department of Homeland Security (DHS) to discuss censorship on a wide range of topics, including the withdrawal from Afghanistan, coronavirus, and “racial justice,” according to leaked documents.
An outage on Facebook’s Instagram on Monday caused the social media platform to inform millions of users that their accounts were suspended. When Instagram users tried to access their accounts, they were presented with the message: “We suspended your account on October 31, 2022.”
Facebook (now known as Meta) has suffered a $700 billion drop in market value since its peak high of more than $1 trillion in September 2021. One analyst labeled the company’s dismal earnings and future strategy a “train wreck.”
Facebook (now known as Meta) was fined almost $25 million on Wednesday for intentionally and repeatedly violating Washington State’s campaign finance laws. Attorney General Bob Ferguson claims it is the largest campaign finance penalty ever issued in the United States, but the fine is less than a rounding error for Mark Zuckerberg’s giant, which enjoyed annual profits of $46.7 billion in 2021.
Facebook (now known as Meta) reported a second straight quarterly revenue decline, with its stock plummeting an astonishing 22 percent in morning trading after already losing two-thirds of its value this year so far.
Brad Gerstner, the founder and CEO of Altimeter Capital, critiqued Facebook (now known as Meta) CEO Mark Zuckerberg’s depth of focus on building its metaverse in an open letter published this week.
Mark Zuckerberg’s private jet emits 17 times more carbon emissions in two months than the average American does in a year, according to flight tracking data.
Contracting firms that employ shuttle bus drivers and other service workers that support Facebook (now known as Meta) say they will need to slash a significant number of workers in the wake of Mark Zuckerberg implementing relaxed policies that allow his employees to work from home.
With only 18 days left until the 2022 midterm elections, the top five news stories that Facebook is pushing to its users include Diwali becoming an official holiday in New York City schools and landscapers finding a car buried in a yard. Meanwhile, the issues that matter to voters are not chosen by Mark Zuckerberg’s algorithm to trend on the platform.
With only 19 days left until the 2022 midterm elections, the top five news stories that Facebook is pushing to its users include environmental protesters gluing themselves to a floor and alleged UFOs. Meanwhile, the issues that matter to voters are not chosen by Mark Zuckerberg’s algorithm to trend on the platform.
With only 20 days left until the 2022 midterm elections, the top five news stories that Facebook is pushing to its users include Wawa launching a new hoagie and Tom Brady comparing the labor of NFL season to military deployment. Meanwhile, the issues that matter to voters are not chosen by Mark Zuckerberg’s algorithm to trend on the platform.
Britain’s antitrust regulator, the Competition and Markets Authority, has successfully forced Facebook (now known as Meta) to sell a part of its business, as global scrutiny of alleged anticompetitive practices in the tech industry continues.
Facebook (now known as Meta) is attacking Apple’s iMessage app in a new advertisement that further fuels the rivalry between the two companies.
Financial analysts believe that Facebook (now known as Meta) CEO Mark Zuckerberg has changed the name of his company because “he doesn’t think his core business that he built 15 years ago is actually a business anymore.”
Facebook’s “Horizon Worlds” metaverse, which allows users to interact in virtual worlds with an avatar, is falling far short of performance expectations according to internal documents obtained by the Wall Street Journal. Data shows most users of the metaverse don’t return after the first month, and the userbase has been in continuous decline since the spring.
A new VR headset made by Facebook (now known as Meta) will track a person’s eyes for targeted ads, giving users the eerie feeling that the social media company has gotten one step closer to reading their minds.
Facebook (now known as Meta) canceled job offers for international engineers just weeks before they moved to London to start their jobs, according to employees. One recruit who lost his job before it even began was told the decision was made due to “economic conditions.”
Russia has added Facebook (now known as Meta) to its list of terrorist and extremist organizations.
Employees of Facebook (now known as Meta) mockingly refer to some of the company’s metaverse projects as “make Mark happy” — referring to CEO Mark Zuckerberg and his shifting priorities.
Andrew Tate, the self-described ‘Top G’ of the internet, was recently blacklisted from most major social media platforms following an outcry over his pro-masculinity message. Breitbart News sat down with Tate to explore why leftist tech platforms felt the need to silence him. Tate explains, “First, they delete you and then they lie about you. That’s how they attack.”
Facebook executives are reportedly in the process of instituting “quiet layoffs” of underperforming workers that could see thousands of employees let go from the company.
Facebook (now known as Meta), has a virtual reality social network called Horizon Worlds, but it is plagued with quality issues, and the employees who are building the “metaverse” app are barely using it, an executive says.
In a series of private texts to Tesla CEO Elon Musk, Twitter cofounder and free speech failure Jack Dorsey called Facebook a “swamp of despair.”
While Facebook CEO Mark Zuckerberg has been funneling billions into developing his digital metaverse, Apple CEO Tim Cook maintains that the average person still can’t even define what the metaverse is.