Page 4 - Mark Zuckerberg

'Facebook is no longer the culture', says Zuckerberg on fading relevance

In internal emails revealed in court, Meta CEO Mark Zuckerberg admits Facebook's cultural relevance is slipping, calling its friend-based model outdated and less engaging

Meta CEO Mark Zuckerberg wraps up testimony in FTC antitrust trial case

Meta CEO Mark Zuckerberg emphasised in federal court on Wednesday that he bought Instagram and WhatsApp because he saw value in the companies not to take out competitors, as the Federal Trade Commission alleges in a historic antitrust trial. Zuckerberg took the stand for the third day in the trial, wrapping up his testimony as the first witness Wednesday afternoon. He took questions from Meta attorney Mark Hansen, who has argued that his client hardly has a monopoly in social media, as the FTC claims, and still faces stiff global competition. Hansen focused some of his questioning on emails sent by Zuckerberg and his associates that the FTC cited in earlier testimony to illustrate the Facebook founder's alarm over the growth of Instagram and his sense that he needed to neutralise its threat. Zuckerberg said he's very focused on inventing new things, and understanding what other people are creating is a big part of the process. At any given point in his company's history, he said, .

Mark Zuckerberg mulled Instagram spin-off in 2018 amid antitrust concerns

Meta CEO Mark Zuckerberg once considered separating Instagram from its parent company due to worries about antitrust litigation, according to an email shown Tuesday on the second day of an antitrust trial alleging Meta illegally monopolised the social media market. In the 2018 email, Zuckerberg wrote that he was beginning to wonder if spinning Instagram out would be the only way to accomplish important goals, as big-tech companies grow. He also noted there is a non-trivial chance Meta could be forced to spin out Instagram and perhaps WhatsApp in five to 10 years anyway. He wrote that while most companies resist breakups, the corporate history is that most companies actually perform better after they've been split up. Asked Tuesday by attorney Daniel Matheson, who is leading the antitrust case for the Federal Trade Commission, which incidence in corporate history he had in mind, Zuckerberg responded: I'm not sure what I had in mind then. Zuckerberg, who was the first witness, testif

Meta vs FTC: Zuckerberg defends acquisitions in high-stakes monopoly trial

Meta CEO Mark Zuckerberg testifies in antitrust trial, defending Instagram and WhatsApp acquisitions amid FTC claims of stifling competition; a potential breakup looms

Meta's biggest antitrust trial could force Zuckerberg to sell Instagram

The FTC claims that Meta bought Instagram and WhatsApp to crush competition and establish an illegal monopoly in the social media market

Meta to replace fact-checking with Community Notes, announces Joel Kaplan

Joel took to X to announce this significant decision, a topic that has been widely debated in recent months. His post stated that there would no longer be any new fact-checkers

How much wealth did billionaires lose as Trump's tariffs rocked markets?

The drop in wealth is the fourth-largest single-day drop in the 13-year history of the Bloomberg Billionaires Index and the most substantial decline since the peak of the Covid-19 pandemic

Meta's AI research head Joelle Pineau to step down after eight years

The head of Meta's artificial intelligence research division said she plans to step down, vacating a high-profile position at the parent company of Facebook and Instagram at a time of intense competition in the development of AI technology. Joelle Pineau, Meta's vice president for AI research, said Tuesday she is leaving at the end of May after eight years with the company. "Today, as the world undergoes significant change, as the race for AI accelerates, and as Meta prepares for its next chapter, it is time to create space for others to pursue the work," she wrote in a social media post. Meta didn't immediately respond to an emailed request for comment about the move. Pineau didn't announce a replacement. Based in Montreal, where she is also a computer science professor at McGill University, Pineau has been the face of Meta's open-source approach to building AI systems, such as its flagship large language model called Llama, in which core components are publicly released for other

Hurun Rich List 2025: Elon Musk world's richest; check who trail him

The report noted that since the wealth cut-off date of January 15, 2025, Elon Musk's fortune has declined by nearly $100 billion

Blocking free flow of data a burden on growth, innovation: Meta's Kaplan

Kaplan talks about free flow of data to age-appropriate content and more

Zuckerberg once asked Xi Jinping to name his child: Here's what happened

Zuckerberg asked Xi to name his baby. Xi declined. Now a former Facebook exec spills secrets in a memoir exposing power, loyalty, and chaos inside Meta

Elon Musk loses $148 bn in net worth: Why are billionaires losing money?

In December 2024, Elon Musk's fortune peaked at $486 billion. However, he is one among the many billionaires who are witnessing financial setbacks

Mark Zuckerberg rocks Benson Boone's Grammy jumpsuit for wife's birthday

Mark Zuckerberg surprised wife Priscilla Chan on her 40th birthday by recreating Benson Boone's Grammy moment, swapping his tux for the singer's iconic blue jumpsuit in a viral stunt

Meta in talks to build $200 billion data centre for AI projects: Report

Meta's decision to invest heavily in data centres is a part of the larger trend where tech giants are announcing huge investments one by one in data centres, particularly to meet the future AI demand

Meta raises executive bonuses to 200% amid layoffs, cost-cutting measures

The announcement to raise bonuses comes just a week after Meta began laying off 5 per cent of its workforce, a move the company attributed to targeting underperforming employees

Meta cuts down stock options for staff despite trading at record highs

In January, the Facebook parent said it would trim about 5 per cent of its "lowest performers" and plans to hire for the impacted roles this year

India among largest countries in Meta AI adoption, says India head

Says over 4 million entities have used at least one of the firm's GenAI offers

Meta CEO Zuckerberg lobbies US senators on AI, seeks to muster influence

Zuckerberg met with senators one day after his personal charity announced it was ending diversity, equity and inclusion programmes

Meta to build a 50,000 km undersea cable spanning five continents

The addition of Meta's undersea cable will make it the 18th project with a landing station in India

I was nearly sentenced to death for blasphemy in Pakistan: Mark Zuckerberg

On the Joe Rogan Podcast, Meta CEO Mark Zuckerberg spoke on stricter content controls and the growing regulatory pressures on technology firms worldwide