Zuckerberg links Meta layoffs to AI spending, signals more cuts possible
Zuckerberg links Meta layoffs to AI spending, signals more cuts possible

Mark Zuckerberg, chief executive of Meta Platforms, said planned layoffs at the company are tied to rising capital spending on artificial intelligence and did not rule out further job cuts. Speaking at a company-wide town hall on Thursday, Zuckerberg said Meta is balancing two primary cost...

Meta removes ads recruiting plaintiffs in social media addiction lawsuits
Meta removes ads recruiting plaintiffs in social media addiction lawsuits

Meta Platforms said Thursday it has removed advertisements from Facebook and Instagram that were recruiting plaintiffs for ongoing lawsuits accusing social media companies of designing addictive products harmful to young users, reports Reuters. Meta spokesperson Andy Stone said the company is...