Page 9 - Mark Zuckerberg

Nearly all wealth gained by world's rich this year comes from AI

The biggest winners include Huang and Mark Zuckerberg, whose Meta Platforms is the second-best performer on the S&P 500 Index after Nvidia for the second year in a row

Instagram, Threads to start limiting recommendation of political content

Instagram users will no longer be bombarded with unwanted political content on their feed

Status update

Meta has real world problems

Best yet to come: Zuckerberg recaps Facebook journey on its 20th birthday

Facebook was co-founded by Mark Zuckerberg, entrepreneurs Dustin Moskovitz and Eduardo Saverin and launched on February 4, 2004

Highlights of the day: Ladakh shuts down as thousands march for statehood

Updates: Catch all the latest updates from around the world

Zuckerberg's wealth surges by $28 bn as Meta rallies, surpasses Bill Gates'

It's a big comeback for Zuckerberg's wealth, which fell below $35 billion in late 2022 as tech stocks collapsed in the face of inflation and interest rate hikes, only to come soaring back in 2023

Meta soars after first-ever dividend plan, 'Year of Efficiency' pays off

The company flagged strong ad sales and a rebound in user growth during its fourth-quarter results on Thursday, while also forecasting current-quarter revenue above analysts' estimates

Meta's profits, revenue surge in Q4 thanks to cost cuts, ad rebound

Meta Platforms Inc. tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the year of efficiency. "The company can talk all it wants to about AI and the metaverse, but it's still a social media company that gets nearly all its revenue from advertising, and advertisers still clearly love Meta, said longtime tech analyst Debra Aho Williamson. The Menlo Park, California-based parent company of Facebook and Instagram said Thursday that it earned $14 billion, or $5.33 per share, in the October-December period. That's up from $4.65 billion, or $1.76 per share, a year earlier. Revenue grew 25% to $40.11 billion from $32.17 billion. Analysts, on average, were expecting earnings of $4.82 per share on revenue $39.1 billion, according to FactSet Research. This was a pivotal year for our company. We increased our operating discipline, delivered strong ..

Meta, Amazon job cuts in 2023, belt-tightening pay off for investors

The question now becomes whether leaner, more focused versions of Meta and Amazon can continue to strive for the bold and ambitious tech advancements that have made them household names

Meta, X, TikTok CEOs ripped by US senators over child online safety

"These companies must be reined in, or the worst is yet to come," Senator Lindsey Graham, the top Republican on the committee, said

Meta CEO Zuckerberg apologises to parents at US Senate social media hearing

Under prodding from Republican Senator Josh Hawley, Zuckerberg stood up and addressed families who held up pictures of their children who they said had been harmed by social media

Mark Zuckerberg to defend Meta's impact on teens before senate committee

Zuckerberg will defend his company's child safety practices and focus on the benefits of using Facebook and Instagram, the popular apps owned by Meta

Meta ramps up AI efforts by building chip arsenal, consolidating teams

Mark Zuckerberg in a post on Instagram said that the company was currently training a third version of the Llama model

WhatsApp launches voice notes, multiple admins, other features for Channels

These features include voice updates, users can now listen to voice updates. WhatsApp which has a user base of over 2 billion send seven billion voice messages daily

Zuckerberg sells nearly $500 million of Meta stock in 2 months: Report

Marc Benioff, Zuckerberg's peer in the tech world, also sold shares nearly every day in the second half of 2023

Wearables: Do you want Mark Zuckerberg snooping around in your closet?

Now companies like Google and Meta have an opportunity to watch our real-world lives through wearables, which could make today's online surveillance business look like something out of the Stone Age

Time has come for India to produce its own Bezos, Zuckerberg: Maha Guv

Maharashtra Governor Ramesh Bais on Saturday urged students to come up with innovative ideas to make the country a developed nation by 2047, saying it's time for India to produce its own Jeff Bezos and Mark Zuckerberg. The governor was speaking at the convocation ceremony of a private management institute at Mira Road, on the outskirts of Mumbai. Referring to the Viksit Bharat @2047: Voice of Youth' vision, which was recently launched by Prime Minister Narendra Modi last week, Bais said students graduating this year will be at the peak of their professional careers in 2047. Destiny has given students a unique opportunity to transform India from a developing nation to a developed nation, he said, stressing that many countries of the world have taken a big leap to become developed nations at different times. After the Hiroshima-Nagasaki bombings, Japan rose from the ashes to become a leading manufacturing nation. South Korea, China, Singapore, Malaysia and other countries have also .

Meta makes end-to-end encryption default on Facebook, Messenger platforms

Meta is rolling out end-to-end encryption for calls and messages across its Facebook and Messenger platforms, the company announced Thursday. Such encryption means that no one other than the sender and the recipient not even Meta can decipher people's messages. Encrypted chats, first introduced as an optional feature in Messenger in 2016, will now be the standard for all users going forward, according to Messenger head Loredana Crisan. This has taken years to deliver because we've taken our time to get this right, Crisan wrote in a blog post. Our engineers, cryptographers, designers, policy experts and product managers have worked tirelessly to rebuild Messenger features from the ground up. Meta CEO Mark Zuckerberg promised, back in 2019, to bring end-to-end encryption to its platforms after the social media company suffered a string of high profile scandals, notably when Cambridge Analytica accessed user data on Facebook. Privacy advocates again shined a spotlight on Meta after

Meta sued by New Mexico alleging it failed to shield underage users

Facebook and Instagram fail to protect underage users from exposure to child sexual abuse material and let adults solicit pornographic imagery from them, New Mexico's attorney general alleges in a lawsuit that follows an undercover online investigation. Our investigation into Meta's social media platforms demonstrates that they are not safe spaces for children but rather prime locations for predators to trade child pornography and solicit minors for sex, Attorney General Raul Torrez said in a (prepared statement Wednesday. The civil suit filed late Tuesday against Meta Platforms Inc in state court also names its CEO, Mark Zuckerberg, as a defendant. In addition, the suit claims Meta harms children and teenagers through the addictive design of its platform, degrading users' mental health, their sense of self-worth, and their physical safety, Torrez' office said in a statement. Those claims echo a lawsuit filed in late October by the attorneys general of 33 states including Californi

Harvard muzzled disinformation team after $500 mn Zuckerberg donation

A prominent disinformation scholar who left Harvard University in August has accused the school of muzzling her speech and stifling then dismantling her research team as it launched a deep dive in late 2021 into a trove of Facebook files she considers the most important documents in internet history. The actions impacting Joan Donovan's work coincided with a USD500 million donation to Harvard by a foundation run by Facebook founder Mark Zuckerberg and his wife Priscilla Chan. In a whistleblower disclosure made public Monday, Donovan seeks investigations into inappropriate influence" from Harvard's general counsel, the Massachusetts attorney general's office and the US Department of Education. The CEO of Whisteblower Aid, a legal nonprofit supporting Donovan, called the alleged behavior by Harvard's Kennedy School and its dean a shocking betrayal of academic integrity at the elite school. "Whether Harvard acted at the company's direction or took the initiative on their own to prote