Meta is still burning money on AR/VR
Meta is losing billions on Reality Labs each quarter, and its AI expenditures are only going to increase its spending.
Meta
Meta isn’t doing enough to keep kids off Facebook and Instagram, rules EU
Meta is breaching Europe’s Digital Services Act (DSA) rules by failing to prevent children under 13 from using Facebook and Instagram, according to a preliminary decision issued by the European Commission. The Commission announced the ruling on Wednesday after an almost two-year investigation, saying that Meta doesn’t have adequate measures in place to stop under-13s […]
It’s primetime for conspiracy theorist video creators
In the days since this year’s White House Correspondents’ Dinner was cut short when shots were fired at the event, there has been a boom of conspiracy theory videos created by people who insist that the entire situation was a false flag operation. These kinds of theories are nothing new, but the way they’re spreading […]
James Comey indicted over Instagram seashell photo that allegedly threatened Trump
The US Department of Justice has once again indicted James Comey – this time, for an alleged threat the former FBI director made toward President Donald Trump on Instagram, as reported earlier by CNN. In its indictment, filed in a North Carolina federal court on Tuesday, the DOJ cites the now-deleted image Comey posted to […]
Australia forces Big Tech firms to pay for news or face a 2.25% tax
Australia is giving Big Tech a simple choice. Pay journalists. Or pay the government.
In another wild turn for AI chips, Meta signs deal for millions of Amazon AI CPUs
Meta has commandeered a big chunk of Amazon’s homegrown CPUs (not GPUs) for AI agentic workloads, signaling that a new kind of chip race has begun.
Instagram has launched another Snapchat clone
Instagram is testing a new dedicated app that’s focused around Snapchat-like photo sharing features. The app, called “Instants,” was launched in Italy and Spain yesterday, Business Insider reports, and allows users to send each other disappearing photos that are available for 24 hours and can be viewed only once during that window. The app is […]
Meta is laying off 10 percent of its staff
Meta is planning to layoff around 10 percent of employees in May, according to a memo from the company’s chief people officer, Janelle Gale, published by Bloomberg. That means approximately 8,000 people will see their jobs cut. Meta will also be closing around 6,000 open roles, according to Gale. The cuts follow Meta’s significant investments […]