The cuts follow losses in two pivotal court cases and the company’s push to invest in artificial intelligence.
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Jury orders Meta and Google to pay woman $3 million in social media addiction trial
The verdict marks the end of the first-ever jury trial over whether tech giants should be held accountable for social media addiction. It may influence the outcome of 2,000 other pending lawsuits.
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New Mexico jury says Meta harms children’s mental health and safety, violating state law
The jury agreed that Meta engaged in “unconscionable” trade practices that unfairly took advantage of the vulnerabilities of and inexperience of children. Jurors found there were thousands of violations, each counting separately toward a penalty of $375 million.
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Zuckerberg grilled about Meta’s strategy to target ‘teens’ and ‘tweens’
The billionaire tech mogul’s testimony was part of a landmark social media addiction trial in Los Angeles. The jury’s verdict in the case could shape how some 1,600 other pending cases from families and school districts are resolved.
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Meta CEO Mark Zuckerberg to face jury in landmark social media addiction trial
The case is seen as a test of social media’s legal responsibility for platform design features that plaintiffs’ lawyers say exacerbated mental health issues in young people.
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Judge sides with Meta in antitrust trial, will not spin off WhatsApp and Instagram
A federal judge ruled against the Federal Trade Commission’s antitrust suit alleging that Meta had stifled competition by buying up its rivals.
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‘AI slop’ videos may be annoying, but they’re racking up views — and ad money
Critics say that “slop” videos made with generative AI are often repetitive or useless. But they get millions of views — and platforms are grappling with what to do about them.
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Meta plans to replace humans with AI to assess privacy and societal risks
Current and former Meta employees fear the new automation push comes at the cost of allowing AI to make tricky determinations about how Meta’s apps could lead to real world harm.
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The European Union hits Apple and Meta with 700 million euros in fines
European Union watchdogs fined Apple and Facebook’s parent company hundreds of millions of euros as they stepped up enforcement of the 27-nation bloc’s digital competition rules.
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Mark Zuckerberg defends Meta in court against monopoly claims
In Zuckerberg’s second day of testifying in the federal antitrust trial, he defended Meta’s acquisitions of Instagram and WhatsApp. The U.S. government wants Meta to bust up the two companies.
