Meta Platforms Inc
Every ‘FAANG’ stock is now in a bear market as Apple shares topple in rolling sell-off
Even profitable Big Tech names have been unable to escape the relentless selling on Wall Street. Source
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Europe wants to fight online child abuse. Critics fear it may erode privacy
Policymakers have long wrestled with tech giants over the potential abuse of encrypted messaging services such as WhatsApp and iMessage. Chesnot | Getty Images The European Union on Wednesday unveiled tough new proposals that would require online platforms to more aggressively screen and remove child abuse online. Proposed legislation would allow EU countries to ask […]
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Tech is hitting the brakes on hiring, but that doesn’t mean a broader slowdown is coming
San Francisco Compassandcamera | Getty Images U.S. employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider […]
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London is looking to tap the deep pockets of Silicon Valley
Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London. Leon Neal | Getty Images Sadiq Khan, the mayor of London, traveled to California as part of a trade mission to try to convince Silicon Valley tech leaders to invest more money in the U.K. capital. On Tuesday, Khan […]
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Tech giants lost more than $1 trillion in value in the last three trading days
The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other sectors of the economy. Investors now have less interest in what drove business […]
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Meta’s first store aims to lure consumers to the metaverse
Katie Contreras and Chris Nguyen, experience experts, stand at the Customer Onboarding station for the Quest Demo space during a preview of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small | Reuters Meta is taking the next step in its evolution away from being an ad-supported […]
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Energy secretary explains why feds are spending $2.5 billion on carbon capture
Secretary of Energy Jennifer Granholm takes questions during a media briefing at the White House in Washington, U.S., November 23, 2021. Evelyn Hockstein | Reuters The U.S. Department of Energy announced on Thursday it was taking its first steps to disburse more than $2.3 billion for carbon capture technology included in Biden’s Bipartisan Infrastructure Law, which the […]
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Carbon capture challenges are not deterring investor at Bill Gates’ firm
06 January 2022, Mecklenburg-Western Pomerania, Wismar: Smoke rises from chimneys of wood-processing industrial plants at the seaport of Wismar. Photo: Jens Büttner/dpa-Zentralbild/ZB (Photo by Jens Büttner/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images Eric Toone is a technical lead investor for Bill Gates’ climate tech investment firm, Breakthrough Energy Ventures. […]
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Google’s cloud group forms Web3 team to capitalize on booming popularity of crypto
Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google’s cloud unit is forming a team to build services for developers running blockchain applications as the company tries to capitalize on the […]
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Facebook caused chaos to put pressure on Australian lawmakers, report says
The Wall Street Journal reported that Facebook purposely used a broad algorithm to block news in Australia last year, causing pages for charities, emergency services and hospitals to be affected. Rafael Henrique | SOPA Images | LightRocket | Getty Images Facebook used an algorithm it knew would affect pages beyond those of publishers in Australia […]
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