Dive into the tech & future
Meta CEO Mark Zuckerberg, and a few others are investing in what some call the next big technology revolution, metaverse. It is a virtual world mixed with real world elements facilitated by bulky mixed reality headsets. But things may change soon. A team of researchers have developed the technology that can be used to 3D … Read more
Facebook-Meta is reportedly planning more job cuts, a new report has said, adding that the Mark Zuckerberg-led company has delayed finalising the budgets of multiple teams. The Financial Times says that Meta is preparing a fresh round of job cuts. Citing two Meta employees familiar with the situation, the publication claims in the report that … Read more
Bloomberg | | Posted by Singh Rahul Sunilkumar Mark Zuckerberg-led Meta Platforms Inc. is asking many of its managers and directors to transition to individual contributor jobs or leave the company as part of a process to become a more efficient organization, known internally as a “flattening,” according to people familiar with the matter. ALSO … Read more
Reuters | | Posted by Ritu Maria Johny Meta Platforms Inc’s Facebook and Instagram were down for thousands of users in the United States on Wednesday, according to outage tracking website Downdetector.com. More than 12,000 Facebook users reported errors and about 7,000 incidents were reported for Instagram, according to Downdetector.com. Users also reported issues with … Read more
Meta founder and CEO Mark Zuckerberg said that the Facebook-parent company will launch the next-generation consumer headset “later this year” and it will feature better mixed reality (MR) technology. The development comes as Meta announced that its Reality Labs division lost $13.7 billion on virtual reality (VR) and augmented reality (AR) in 2022.“Later this year, … Read more
There was a time when Facebook dominated social media and had little to no serious competition. However, over the years, competition from platforms like TikTok and others have hurt the Zuckerberg-led company. During the past quarter, the company saw its revenue fall by more than 30%. However, it’s not all gloom for the social network … Read more
Reality Labs, the metaverse-focussed division of Meta, lost $13.7 billion (roughly Rs. 1,12,200 crore) last year. Between September and December last year, Meta’s metaverse unit recorded its largest quarterly loss that amounted to $4.3 billion (roughly Rs. 35,200 crore). Despite these staggering losses, Mark Zuckerberg’s hopes pinned to the metaverse have stayed unaffected. The Meta … Read more
Last year, Instagram CEO Adam Mosseri made it clear that the social media platform wasn’t a “square photo-sharing app” and that the focus would be on videos. This didn’t go down well with a lot of photographers who felt that Instagram was pushing videos, Reels or more of video content in some form. Now, Mosseri … Read more
Despite witnessing losses in billions of dollars, Meta is continuing with metaverse plans and has acquired optics startup Gary Sharp Innovations. The Colorado-based optics R&D will help the company build better VR headsets as well as AR glasses.As per a newsletter that includes documents filed with the US Patent and Trademark Office, Meta entered a … Read more
Facebook-parent Meta has reportedly ‘rescinded’ full-time engineering (FTE) offers in London amid recession fears. The development follows last year’s massive layoff which impacted about 11,000 employees of the company’s employees. This is purportedly the first time that Meta has taken back signed FTE offers.Gergely Orosz of The Pragmatic Engineer, which publishes observations across the software … Read more