Meta Platforms Inc said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest layoffs this year as the Facebook parent battles soaring costs and a weak advertising market, reports Reuters. The mass layoffs, first in Meta’s 18-year history, follow thousands of job cuts … Read more
Metaverse Meaning The word “metaverse” was created as a combination of “meta” and “universe” in the 1992 science fiction novel Snow Crash. Various metaverses, such as virtual world platforms like Second Life, have been created for public usage. Integration of virtual and physical locations and virtual economies is common in several metaverse incarnations, as is … Read more
Facebook has blocked Russian state media from running ads or monetizing on its platform anywhere in the world as Russia’s invasion of neighboring Ukraine reached the streets of Kyiv, a Reuters report says. Meta, the parent company of social media giant Facebook said on Friday. “We are now prohibiting Russian state media from running ads … Read more