Meta reportedly wants to place engineers and product managers with its large corporate clients. That's according to a report Wednesday (May 27) from The Information which says this move is part of a new division within the tech giant designed to promote adoption of Meta's artificial intelligence (AI) tools and services.
Meta on Wednesday launched paid subscription plans for its flagship apps, marking a major push by the tech giant to diversify beyond its longtime reliance on advertising revenue.
Meta's premium push arrives, targeting everyday users, AI enthusiasts and professional creators.
Meta shares surged following reports of the subscriptions, closing up 3.7% to $635.36. The tech giant's stock is down 6.6% in the past month of trading.
Meta will soon roll out subscriptions for three of its apps and for creators, businesses and power users of its artificial intelligence (AI) offering. Subscription plans called Instagram Plus, WhatsApp Plus and Facebook Plus are rolling out globally, Meta Head of Product Naomi Gleit said in a Wednesday (May 27) post on Instagram.
Meta is doubling down on its subscription offerings. On Wednesday, the social networking giant announced it's now rolling out its consumer subscription plans globally for its flagship apps, Instagram, Facebook, and WhatsApp, and beginning tests of new subscriptions for businesses, creators, and Meta AI users.
Zuckerberg came under fire after his $300 million superyacht made a splashy entrance in a Seattle harbor – right as Meta confirmed about 1,400 layoffs in its local office.
Meta Platforms ad business is surging on AI-driven engagement and pricing gains, but rising competition and rich valuation may test further upside.
The Meta CEO's 387-foot Launchpad passed through the Ballard Locks toward Lake Union on Tuesday, the same day the company disclosed nearly 1,400 layoffs in Washington state.
A new state filing shows Meta is eliminating nearly 1,400 positions across its Seattle, Bellevue and Redmond offices, about 20% of its local workforce, as part of a companywide restructuring impacting 8,000 jobs.
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