Moneycontrol PRO
LAMF
LAMF

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

Jump to
  • From oil fields to data centres: How Iran is targeting digital backbone in Gulf and why consequences could be global

    Countries such as the United Arab Emirates and Bahrain host large-scale infrastructure projects backed by companies including Microsoft, Google, Apple, Meta, and Oracle.

  • China restricts founders from leaving country after selling AI startup to Meta for $2 billion

    Chinese regulators are examining whether AI startup Manus attempted to 'wash its models — a term used to describe Chinese‑developed AI systems being rebranded or relocated overseas to avoid domestic controls and export restrictions.

  • Meta, Google found liable in social media addiction case

    Jurors said Meta must pay at least $2.1 million in damages, and Google must pay at least $900,000. The jury will hear more arguments on whether to also impose punitive damages on the companies.

  • Meta boosts top executives' pay with stock options as AI race heats up

    The options are the social media giant's first for its top brass and require steep stock milestones

  • Meta is cutting several hundred jobs amid record AI spending

    The layoffs will affect employees both in the US and other international markets, according to a person familiar with the matter

  • Meta rolls out AI systems to police scams, abuse, and harmful content

    Meta is shifting more content moderation work to AI, claiming better accuracy and faster enforcement, even as it reduces reliance on human reviewers and third-party moderation vendors.

  • Meta shares jump after report on plans for layoffs of 20% or more

    If Meta settles on the 20% figure, the cuts will be the biggest since a late 2022 and early 2023 restructuring it dubbed the 'year of efficiency', which eliminated around 21,000 jobs

  • WhatsApp to introduce parent-managed accounts for under-13 users

    WhatsApp's parent-managed accounts will not have access to features such as Meta AI, Channels or Status. Users will also not be able to turn on disappearing messages.

  • Meta acquires AI agent social network Moltbook, founders join superintelligence unit

    Meta has acquired Moltbook, a fast-growing social network designed for AI agents, bringing its founders into Meta Superintelligence Labs as the company continues expanding its ambitions in the emerging AI agent ecosystem.

  • Meta says blanket bans could push teenagers to unregulated platforms amid Karnataka’s proposal to restrict social media use under 16

    Chief Minister Siddaramaiah, in his budget speech, said the state plans to ban social media use for children below the age of 16 to curb the adverse effects of rising mobile usage.

  • Meta AI glasses' workers say they see 'everything': Users' bank details, toilet visits, sex acts

    The tech workers in Kenya who review the footage described scenarios in which wearers leave Meta Ray-Ban smart glasses on a bedside table, only for a partner to walk into the room and begin changing clothes—completely unaware that a camera is still active

  • Silicon Valley talent fight: After Rs 1,800 crore Meta package, AI star jumps ship to OpenAI

    Before his stint at Meta, Pang led model development at Apple. His decision to leave Apple last year had already drawn attention because of the scale of Meta’s compensation offer.

  • Talent wars: OpenAI lures AI researcher who drew Rs 1,800-crore salary package at Meta

    At Meta, Pang led AI infrastructure efforts within its Superintelligence Labs, the division tasked with building the company’s next-generation AI models

  • Meta accused of dragging feet on teen safety tools as addiction case heats up

    A newly unsealed court deposition has reignited scrutiny over Meta’s handling of teen safety on Instagram. Prosecutors argue the company knew as far back as 2018 that harmful content was circulating in private messages, yet only introduced automatic nudity blurring for teens in 2024.

  • AMD clinches second mega chip supply deal worth $60 billion, this time with Meta

    AMD shares rose more than 10% in premarket trading after closing at $196.60 in the previous session

  • 'I hope Elon Musk doesn’t...': Pakistani creator claims Meta withheld over Rs 5 crore monetisation funds

    A Pakistani content creator has alleged that Meta withheld over Rs 5 crore in monetisation earnings for a year. In a viral video, he showed his dashboard and claimed the platform refused to release funds, while support remained unresponsive.

  • Meta cuts stock awards by 5% for most employees: Report

    Meta and other Big Tech companies are competing to outbuild each other with massive data centers to get ahead in Silicon Valley's heated AI race

  • There are more consumer AI startups in India than in US: Meta's Alexandr Wang at AI Summit

    At India AI Impact Summit, Meta's chief AI officer Alexandr Wang said we are at the beginning of a true acceleration in technology and 2026 will mark an inflection point in many ways.

  • Ex-Meta chief AI scientist praises 'enthusiastic participants' after surprise visit at Delhi Summit

    Yann LeCun attended a session at the AI Impact Summit in Delhi and obliging attendees with autographs and selfies.

  • Techies spot ex-Meta chief AI scientist at Impact Summit. ‘No one here in India recognised him’

    A Delhi AI Impact Summit attendee's viral post on seeing Yann LeCun in the security queue also triggered discussions on celebrity treatment, event management and India’s tech culture.

  • Meta flags operational challenges with MeitY’s 3-hour takedown mandate under IT Rules amendments

    Rob Sherman, Meta’s VP and Deputy Chief Privacy Officer, says virality concerns are valid but warns that compressed timelines could be an operational challenge for platforms

  • YouTube lawyer sees no addiction from half hour of videos

    The trial set to play out in Los Angeles Superior Court until the end of March will serve as a critical test for thousands of similar lawsuits that target not only Meta and Google, but also TikTok Inc. and Snap Inc.

  • Meta executives were warned about 5,00,000 cases of online sexual exploitation per day, records reveal

    Court documents reveal Meta executives were warned internally that up to 5,00,000 cases of online sexual exploitation could be happening every day on Facebook and Instagram, as a major child safety trial begins.

  • Meta, YouTube face landmark US trial over claims they ‘engineered addiction’ in children

    Meta and Google-owned YouTube face a landmark California jury trial accused of designing addictive platforms that harm children, potentially setting a precedent amid hundreds of similar lawsuits nationwide this year.

  • EU takes aim at Meta over WhatsApp rules that sideline other AI chatbots

    The European Union is escalating its scrutiny of Meta, warning that WhatsApp’s new AI access rules may illegally block rivals. Regulators say emergency measures could follow as concerns grow that Meta is locking competitors out of a fast-moving AI market.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347