Meta is reportedly offering stock options to top executives as it steps up its AI initiatives. As the Wall Street Journal (WSJ) reported Wednesday (March 25), this program allows executives to reap the full value of their options only if Meta's market capitalization reaches $9 trillion by 2031, up from $1.5 trillion today.
During Hugo Barra's first stint at Meta, he and the company were focused on virtual reality. Now he's back after five years away, and all efforts are on artificial intelligence.
Beijing is weighing penalties for key figures at Manus, a Singapore startup with Chinese origins.
Meta employees in wearables and ads were told on Tuesday to work remotely on Wednesday. The HR email comes as layoffs loom over the Big Tech company's 79,000 staff.
China has restricted two co-founders of artificial intelligence startup Manus from leaving the country as regulators review whether Meta's $2 billion acquisition of company violates the country's investment rules, the Financial Times reported on Wednesday.
New stock option program could pay some executives hundreds of millions of dollars if they reach aggressive growth targets.
Six top Meta execs are set to receive huge pay increases — excluding CEO Mark Zuckerberg. But that hinges on Meta meeting "exceedingly aggressive" stock prices over five years, Meta said.
Meta is offering options to top leaders to incentivize and retain key talent. The company is trying to speed progress in artificial intelligence as companies like OpenAI, Anthropic and Google build momentum.
A jury in Santa Fe on Tuesday ordered Meta to pay $375 million in civil penalties after finding the company misled consumers about the safety of its platforms and endangered children.
Meta Platforms (META) closed at $592.92 in the latest trading session, marking a -1.84% move from the prior day.
This is a developing story. Check back for updates.
In one of the company's first major losses, New Mexico jurors found that it had misled consumers about the safety of its platforms, enabling sexual exploitation of young users.