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
Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech. “I think it’s very important for there to be an inclusive arena for free … 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
Truth Social, the fledgling social media network developed by former President Donald Trump’s new media company, is now available on the iOS App Store in the United States. According to the Reuters report, the app was launched prior to Presidents Day on Monday amid much enthusiasm of a section of people. The app, which bills … Read more