Meta Platforms laid off employees from multiple teams, including Instagram, WhatsApp, and Reality Labs, in a fresh wave of job cuts at the Facebook parent company on Wednesday.
Social Media giant Meta is rolling out a new campaign to fight "Sextortion". Antigone Davis, Meta Global Head of Safety discusses new features being implemented to aid parents and protect kids.
Meta Platforms (META) could produce exceptional returns because of its solid growth attributes.
Meta has reportedly fired Los Angeles staffers for abusing a $25 meal credit perk to stock up on household supplies like wine glasses, acne pads and laundry detergent.
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Ofcom has issued a warning to social media companies that enforcement of online safety regulations will be significantly strengthened by 2025. The communications regulator noted that it expects companies to increase their efforts in dealing with illegal and harmful content to ensure better protections for children and vulnerable users online.
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Antigone Davis, Meta VP and global head of safety, joins 'Squawk Box' to discuss the company's new Instagram campaign and safety features to fight online sextortion scams, what the new safety features entail, and more.
CNBC's Andrew Ross Sorkin reports on the latest news.
Meta has reportedly fired around two dozen staffers for misusing their meal credits. The firing, as reported Wednesday (Oct. 16) by the Financial Times (FT), comes amid a wider series of layoffs at Meta.
Facebook and Instagram owner reportedly dismisses about 24 workers for abusing $25 meal credit system
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is laying off employees across its units, including Instagram, WhatsApp, and Reality Labs, as part of its ongoing effort to streamline operations, according to an exclusive in the tech magazine The Verge. The exact number of job cuts is unclear, though the layoffs are reported to be small.