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Wednesday, November 6, 2024
TopicMeta

Topic: Meta

Meta plans to lower bonus payouts for some employees, says Wall Street Journal report

Those employees that get a rating of 'met most expectations' in their 2023 year-end reviews will receive a smaller percentage of bonus & restricted stock award due in March '24.

Meta to lay off 10,000 employees in second round of job cuts

The move underscores Zuckerberg's push to turn 2023 into the 'Year of Efficiency' with promised cost cuts of $5 billion in expenses to between $89 billion and $95 billion.

Meta to cut thousands of jobs in fresh round of layoffs, says Bloomberg News report

The report stated the new round of job cuts due this week is being driven by financial targets and is separate from ‘flattening’.

Meta loses bid to end lawsuit that claims theft of confidential information from AI startup

As per lawsuit, Meta hired Neural Magic computer scientist, Aleksandar Zlateski, who gave it algorithms that make up the 'heart' of Neural Magic's technology.

Facebook parent Meta agrees to pay $725 million to resolve Cambridge Analytica scandal case

The lawsuit was prompted by revelations in 2018 showing that Facebook allowed Cambridge Analytica to access data of 87 million users.

‘Big Tech like Google, Meta dominate market’ — Parliament panel bats for ‘Digital Competition Act’

In report tabled Thursday, standing committee on finance emphasized need for strengthening anti-competitive laws to ensure level playing field for smaller digital players.

Lawsuit against Meta for enabling ‘hateful posts’ from Ethiopia on Facebook

The lawsuit says Facebook's recommendations system amplified violent content in Ethiopia & failed to exercise care in training its algorithms to identify dangerous posts.

Meta threatens to remove news from its platforms if US Congress passes media bill

Meta said it 'would be forced to consider removing news' if Congress passes the bill making it easier for news organizations to negotiate with companies like Google and Facebook.

New Zealand to make Google & Meta pay for news content

New Zealand's Minister of Broadcasting hoped that the new legislation — similar to Australian & Canadian laws — would help digital platforms reach deals with local news outlets.

Mark Zuckerberg’s Meta appoints Sandhya Devanathan as its India head

The platform appointed Devanathan, who has been with Meta since 2016 and will move into her new role in January, after Ajit Mohan quit to join rival Snap Inc.

On Camera

What Trump-Harris result could mean for India in key areas, from geopolitics to trade & immigration

India cannot be blasé about change in any important capital in the world. Let's look at five key areas where US policy matters for India and how it may vary between Harris and Trump.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Rifles slung upside down, on ponies. Indian troops go on their 1st patrol in Depsang since 2020

Troops patrolled up to Patrolling Point (PP) 10 on Monday. Though there are PP 10, 11, 12, 12A & 13 in Depsang Plains, it was decided that only one or two PPs would be patrolled.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.