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Meta Platforms Inc. (NASDAQ: META) has embraced the “efficiency” mantra, the premise behind the two rounds of massive job cuts announced by the company. Zuckerberg’s Hits & Misses: Meta CEO Mark Zuckerberg’s efficiency drive is to increase profitability to...

Major Wall Street indices closed mixed on Wednesday after troubles at Swiss lender Credit Suisse Group AG (NYSE:CS) brought back fears of a potential contagion and dampened hopes of a smaller rate hike by the Federal Reserve later this month. The Nasdaq Composite closed 0.05% higher while the S...

Twitter and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk was once concerned about the future of artificial intelligence. He then became utterly passionate about this technology. But now it appears he is again on the crusade of sharing memes about AI and its adverse effects.  What Happened: On...

Software engineers from various tech firms are undergoing leg-lengthening procedures to increase their height.  According to a report by GQ, Kevin Debiparshad, the head of the Nevada-based LimbplastX Institute, said that software engineers from the tech sector comprise a...

Meta Platforms Inc.’s (NASDAQ: META) announcement that it is "winding down" its work with non-fungible tokens, or NFTs, on Facebook and Instagram has left many NFT collectors and artists feeling disappointed and frustrated. What Happened: The decision means Meta will...

A newly revealed court filing has brought to light that Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg was warned about the issue of social media addiction among teenagers.  What Happened: According to the court filing, Meta and TikTok‘s parent company, ByteDance employees, were...

Meta Platforms Inc (NASDAQ: META), formerly known as Facebook, announced Monday that it will stop working on digital collectibles, also known as non-fungible tokens (NFTs), in order to focus on other ways to support creators, businesses and people. This decision was made to...

Meta Platforms Inc (NASDAQ: META) is planning more job cuts in several rounds over the coming months.  The first round of layoffs is expected to be announced next week, and it would hit the non-engineering roles, people familiar with the matter told The Wall Street Journal. The...

Facebook parent Meta Platforms Inc. (NASDAQ: META) is reportedly developing a new app focused on text-based content that will support ActivityPub — a decentralized social networking protocol also used by Mastodon and other Twitter competitors. What Happened: Meta is currently in the initial...

A Benzinga survey shows where U.S. TikTok users might shift their time and attention if the app, which is owned by Beijing-based ByteDance, is banned. Users were asked, “If TikTok is banned, which platform will you use more?” The results were: Instagram: 38.3% Twitter: 26.3%...

Facebook and Instagram parent Meta Platforms Inc. (NASDAQ: META) reportedly discussed, in December, how to build the next Twitter following the chaotic ride the social media platform has had under new leader Elon Musk. What Happened: In November, Meta employees joined a virtual...

Meta Platforms Inc (NASDAQ: META) is reportedly planning to terminate thousands more as early as this week. What Happened: The Mark Zuckerberg-led company is eliminating jobs based on financial targets and separately from its efforts to flatten the organization, reported Bloomberg, citing...

Meta Platforms Inc (NASDAQ: META) says it will not stop releasing artificial intelligence tools to researchers even though there are claims on online message boards that its large language model was leaked. What Happened: The Mark Zuckerberg-led company said, “While the model is not...

Last week witnessed mixed trading performances from tech stocks impacted by hawkish comments from Federal Reserve officials, strong economic data and higher yields. This week all eyes will be on Fed Chair Jerome Powell's testimony before Congress on Tuesday and Wednesday. As the second week of...

Chinese video-sharing app TikTok announced a new approach to mitigate its addictive nature and address concerns about the impact on minors.  What Happened: TikTok will now automatically limit the screen time for users under 18 to 60 minutes and require a password for binge-watching more videos....