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Meta Platforms Inc. aka Meta was formerly known as Facebook and is an American technology conglomerate situated in Menlo Park, California. Meta now acts as a parent company to Facebook, Instagram, WhatsApp, and other subsidiaries. Meta is seen as one of the American big five in tech, along with Alphabet, Amazon, Apple, and Microsoft. The company changed its name to Meta because of the renewed focus on building a giant metaverse – a network of virtual worlds which will be inhabited by social avatars of real people – with the goal to tie the whole world together into one giant, social network. Meta’s services include Facebook, Messenger, Instagram, WhatsApp and more. It has also acquired Oculus, Giphy, Mapillary, Kustomer and holds a 9.9% stake in Jio Platforms. The new name came into effect on October 28, 2021. Mark Zuckerberg acts as the CEO for Meta, Sheryl Sandberg is the COO, Nick Clegg is president of Global Affairs, Mike Schroepfer is the chief technology officer, David Wehner is the Chief Financial Officer and Chris Cox is the Chief Product Officer. As of December 2020, Meta had almost 59,000 employees. The company’s board of directors include Peggy Alford from PayPal, Drew Houston from Dropbox, Nancy Killefer from McKinsey and Company, Tony Xu from DoorDash and Peter Thiel from Clarium Capital among others. More

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  • Bipartisan US lawmakers introduce bill aimed at Google, Facebook ad clout March 31, 2023 07:08 AM IST

    Bipartisan US lawmakers introduce bill aimed at Google, Facebook ad clout

    The bill would prohibit big digital advertising companies, with Google the biggest, from owning more than one part of the stack of services that connect advertisers with companies with space for advertisements.

  • Meta explores ban on political ads in Europe March 30, 2023 10:34 AM IST

    Meta explores ban on political ads in Europe

    EU lawmakers in February agreed to tougher rules on targeted political advertising aimed at countering misinformation during elections.

  • Meta Verified waitlist opens in India March 29, 2023 01:03 PM IST

    Meta Verified waitlist opens in India

    Meta Verified will be priced at a monthly fee of Rs 1,099 on the web and Rs 1,499 on the mobile application in India, as per the company website.

  • How billionaires vacation: Inside ex-Meta COO Sheryl Sandberg's 3-part honeymoon March 28, 2023 01:56 PM IST

    How billionaires vacation: Inside ex-Meta COO Sheryl Sandberg's 3-part honeymoon

    Meta's ex-Chief Operating Officer Sheryl Sandberg is back to the US after the third week of her long-delayed honeymoon in Japan.

  • Facebook owner Meta planning lower bonus payouts for some employees March 28, 2023 12:19 PM IST

    Facebook owner Meta planning lower bonus payouts for some employees

    The social media giant will be assessing performance of employees, and those who get a rating of "met most expectations" in their 2023 year-end reviews will receive a smaller percentage of bonus and restricted stock award due in March 2024, the report said.

  • WhatsApp to roll out audio chats, a new feature available in a future app update March 27, 2023 10:25 AM IST

    WhatsApp to roll out audio chats, a new feature available in a future app update

    This development comes on the heels of WhatsApp announcing a new WhatsApp Desktop app for Windows that includes improved calling such as the ability to place group video calls with up to 8 people and audio calls with up to 32 people.

  • Mark Zuckerberg and wife Priscilla Chan welcome third child, Aurelia March 26, 2023 05:52 PM IST

    Mark Zuckerberg and wife Priscilla Chan welcome third child, Aurelia

    Mark Zuckerberg and Priscilla Chan got married in 2012 and have two older daughters.

  • META 2023 | Actor Sushma Seth: ‘TV and films are directors’ medium, while the stage is where the story unfolds’ March 25, 2023 02:48 PM IST

    META 2023 | Actor Sushma Seth: ‘TV and films are directors’ medium, while the stage is where the story unfolds’

    The veteran actor, who became a household name with the TV serial 'Hum Log', and spent a life in theatre, is this year’s recipient of the Mahindra Excellence in Theatre Awards' (META) Lifetime Achievement Award.

  • Former Meta employee shares how she was paid Rs 1.5 crore salary 'to do nothing' March 23, 2023 08:52 PM IST

    Former Meta employee shares how she was paid Rs 1.5 crore salary 'to do nothing'

    The former employee had worked at Meta for six months.

  • 'Please resign': Mark Zuckerberg's 2010 email to Meta employees leaks March 22, 2023 06:20 PM IST

    'Please resign': Mark Zuckerberg's 2010 email to Meta employees leaks

    In an email sent out in September 2010, Mark Zuckerberg asked an employee to resign from the firm for leaking out inaccurate information about the future plans of the firm.

  • Former US Navy officer laid off by Meta says 'I will miss the people most' March 22, 2023 03:51 PM IST

    Former US Navy officer laid off by Meta says 'I will miss the people most'

    Meta layoffs 2023: The US Navy veteran said that even though the layoff was disappointing, it was a "tremendously beneficial road" in every regard.

  • Meta layoffs 2023: Ex-employee celebrated 3-year 'Metaversary', was laid off 6 days later March 22, 2023 02:38 PM IST

    Meta layoffs 2023: Ex-employee celebrated 3-year 'Metaversary', was laid off 6 days later

    Meta layoffs: The former HR staffer says she hired some of the company's toughest infrastructure roles at the global level.

  • How Apple is saving on costs without laying off its employees March 22, 2023 02:13 PM IST

    How Apple is saving on costs without laying off its employees

    As per Mark Gurman, a journalist working with Bloomberg, the company has tried to avoid laying off employees and instead decided to postpone bonuses to employees in some corporate teams.

  • Amazon To Lay Off Another 9,000 Employees | Meta, Alphabet, Microsoft, Salesforce Also Cut Jobs March 21, 2023 09:05 PM IST

    Amazon To Lay Off Another 9,000 Employees | Meta, Alphabet, Microsoft, Salesforce Also Cut Jobs

    Amazon has announced second round of layoffs, which will result in around 9,000 job cuts. Employees across departments such as AWS, People, Experience, and Technology (PXT), Advertising, and Twitch will lose their job. Numerous tech giants including Facebook-parent Meta, Microsoft Corp, Salesforce Inc, and Google-parent Alphabet have slashed thousands of jobs in recent months. Watch!

  • Meta layoffs: Indian techie in Canada gets sacked after 3 days at work, but... March 21, 2023 08:28 PM IST

    Meta layoffs: Indian techie in Canada gets sacked after 3 days at work, but...

    'I joined Meta three days back, after waiting for a long visa process... Really sad that this happened,' Vishwajeet Jha had shared on LinkedIn.

  • ‘Suffered from an almost fatal…': Why ex Meta employee laid off during maternity leave is ‘grateful’ March 21, 2023 02:05 PM IST

    ‘Suffered from an almost fatal…': Why ex Meta employee laid off during maternity leave is ‘grateful’

    The woman shared that she had experienced a life-threatening postpartum hemorrhage during the birth of her child, which added an extra layer of trauma to the already difficult experience of being laid off.

  • Moneycontrol Daily: Your Essential 7 March 19, 2023 05:55 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

  • Moneycontrol Selects: Top stories this evening March 18, 2023 06:37 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the big stories to help you stay at the top of your game.

  • WhatsApp iOS users can now copy text from images March 18, 2023 05:59 PM IST

    WhatsApp iOS users can now copy text from images

    But there is a catch. The feature requires iOS 16 to be installed on your iPhone

  • Meta rolls out paid verifications for Instagram, Facebook in the US March 18, 2023 04:34 PM IST

    Meta rolls out paid verifications for Instagram, Facebook in the US

    Users can buy blue verification checkmarks for $12 a month on Instagram and Facebook. Those signing up through iOS or Android will have to pay $15 because of the fee that Apple and Google charge

  • Meta layoffs 2023: HR staff impacted globally, support pours in on LinkedIn March 16, 2023 06:52 PM IST

    Meta layoffs 2023: HR staff impacted globally, support pours in on LinkedIn

    Meta layoffs 2023: 'This morning, I woke up to an unfortunate email letting me know that I was part of Meta's second round of layoffs...' former senior technical recruiter Gyorgy K shared.

  • Meta layoffs reveal a deeper truth: Tech exceptionalism is dead March 16, 2023 09:53 AM IST

    Meta layoffs reveal a deeper truth: Tech exceptionalism is dead

    Silicon Valley for too long equated head-count growth with success. Tech companies are instead turning to more traditional ways to measure success, partly because that’s what Wall Street is demanding

  • Meta layoffs 2023: Mark Zuckerberg weighs in on WFH vs office work in email March 15, 2023 05:32 PM IST

    Meta layoffs 2023: Mark Zuckerberg weighs in on WFH vs office work in email

    Meta Layoffs 2023: Meta CEO Mark Zuckerberg wrote, 'Our early analysis of performance data suggests that engineers who either joined Meta in-person and then transferred to remote or remained in-person performed...'

  • Meta layoffs: 'I'm not giving up' says former Indian employee March 16, 2023 12:11 AM IST

    Meta layoffs: 'I'm not giving up' says former Indian employee

    Former Meta employee Susmita Sahu shared, 'While I'm still processing what happened and I'm at a true loss for the right words...'

  • Meta to layoff 10,000 employees: Read Mark Zuckerberg's full letter March 15, 2023 12:52 PM IST

    Meta to layoff 10,000 employees: Read Mark Zuckerberg's full letter

    Mark Zuckerberg wrote, 'I recognize that sharing plans for restructuring and layoffs months in advance creates a challenging period. But last fall, we heard feedback that you wanted more transparency sooner into any restructuring plans, so that’s what I’m trying to provide here.'