Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties.

The layoffs, according to Zuckerberg, would target “low-performers.” The layoffs will amount to roughly 3,600 people losing ...

Meta is starting to notify workers impacted by its performance-based job cuts. BI spoke to employees leading up to the cuts.

Meta is expected to carry out "performance terminations" this week, which will roughly cut 5% of its staff and replace them with machine learning engineers, according to the tech company and ...

Meta Platforms beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how its bets ...

The suit was brought after Facebook, among other social media platforms, suspended Trump's account following the Jan. 6 ...

Thank you. Good afternoon, and welcome to Meta Platform's fourth quarter and full year 2024 earnings conference call. Joining me today to discuss our results are Mark Zuckerberg, CEO; and Susan Li, ...

Meta CEO Mark Zuckerberg forecasts 2025 as a pivotal year for AI, with plans to make its AI assistant the most widely used in ...

Meta Platforms’ fourth-quarter revenue beat ... AP “There’s going to be an open source standard globally,” Zuckerberg said on a conference call. “It’s important that it’s an American ...

Broadcom shares were trading about 4% higher in premarket trade. Meta CFO Susan Li told investors on a conference call that the company will use more of the chips it's designed with Broadcom. The ...