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Industry Keyword: Zuckerberg

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Facebook plans to hire 10,000 in EU to build ‘metaverse’

Facebook plans to hire some 10,000 new employees across the EU over the next five years, the social media giant has said, to help build the so-called metaverse - a nascent online world where...

US Senator asks Facebook CEO to retain documents linked to testimony

Senate Commerce Committee Chair Maria Cantwell has called on Facebook CEO Mark Zuckerberg to preserve all documents related to testimony last week from company whistleblower Frances Haugen. "The testimony ... raises significant concerns about whether...

EdTech platform Emeritus raises $650 million from SoftBank, Accel, others

Emeritus, an EdTech platform used by some of the world’s top universities and other educational institutions for online courses, has said it raised $650 million in a funding round led by SoftBank Group Corp’s...

Facebook’s slowdown warning hangs over strong ad sales,

Facebook Inc has said it expects revenue growth to "decelerate significantly," sending the social media giant's shares down 3.5% in extended trading even as it reported strong ad sales. The warning overshadowed the company's beat...

Facebook sets up new team to work on the ‘metaverse’

Facebook is creating a product team to work on the "metaverse," a digital world where people can move between different devices and communicate in a virtual environment, its Chief Executive Officer Mark Zuckerberg has...

Facebook expands Shops to WhatsApp, Marketplace in commerce push

Facebook Inc is expanding its "Shops" feature to its messaging app WhatsApp in several countries and to Facebook Marketplace in the United States, the company said on Tuesday as it announced changes to its...

Facebook reveals new features for creators to earn money from e-commerce sales

Facebook's founder and CEO Mark Zuckerberg has said the company will build new features starting with Instagram for content creators to earn money from recommending products on the app and a marketplace to help...

Facebook takes on Clubhouse, unveils upcoming audio products

Mark Zuckerberg has said Facebook planned to launch several audio products, including Clubhouse-style live audio rooms and a way for users to find and play podcasts. Facebook's incursion into the audio market comes as the...

Clubhouse closes new round of funding that would value app at $4 billion

Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall yesterday, without disclosing the amount raised. A source familiar with the matter confirmed to journalists at...

American lawmakers fume over Big Tech’s answers on misinformation

In their first appearance before Congress since Trump supporters stormed the US Capitol, the chief executives of Facebook, Google and Twitter were asked by lawmakers whether their platforms bore some responsibility for the riot. Social...

Twitter CEO Dorsey called out for trolling Congress during hearing

Twitter's Jack Dorsey tweeted his frustration with lawmakers' questions on the social media platform during a hearing about misinformation, leading one member of congress to call out his multi-tasking. Lawmakers grilled Dorsey and the CEOs...

Facebook and Twitter must do more to stop anti-vaxxers, US states say

Attorneys general for 12 US states have accused Facebook and Twitter of doing too little to stop people from using their platforms to spread false information that coronavirus vaccines are unsafe. In a letter to...