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Meta employee making $550K expresses concern over job security
- The middle manager, who works at Meta (formerly Facebook), is reportedly earning $550,000 annually.
- Despite earning a high salary, the manager is concerned about potential layoffs at the company.
- The manager's fears stem from a recent decision by Meta to restructure its workforce and focus on areas such as metaverse and virtual reality.
- The manager's story is reflective of the uncertainty faced by many employees in the tech industry, where rapid changes and restructuring are common.
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Facebook-parent Meta planning for more job cuts after laying off 11,000 employees: Report
- Meta is reportedly considering a new round of job cuts that could impact thousands of workers.
- The company had previously announced job cuts in November 2021, which saw more than 11,000 employees let go.
- The reported plan involves pushing some leaders into lower-level roles to flatten management structures.
- Meta's communications head has rejected the report, citing CEO Mark Zuckerberg's statement ruling out any new layoffs.
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Instagram briefly restores Pornhub's account in 'error', then shuts it down again
- Meta briefly restored Pornhub's Instagram account on Sunday, but later took it down again.
- Meta stated that the restoration was done in error and that the account had been permanently disabled for repeatedly violating their policies.
- However, Pornhub claimed that their account had not violated any guidelines and criticized Meta's policies for having no "rhyme or reason" in deactivating the account again.
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Musk says 'inevitable' as Meta unveils paid verification on Facebook & Instagram
- Twitter CEO Elon Musk responded to Meta's announcement of paid verification for Instagram and Facebook, calling it "inevitable."
- Meta is testing the new paid verification system, which will cost $11.99 per month for the web and $14.99 per month for mobile.
- Former Twitter executive Sriram Krishnan, who is now an adviser to Musk, praised the new system and said it will end the old world of verification and badges online forever.
- Some Twitter users expressed their opinions on the new paid verification system, with some calling Facebook a "worthless wasteland" and others suggesting that verification will become just another business expense.
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Amazon's Ad growth threatens Facebook's dominance in targeted advertising
- Brands are shifting their ad budgets from Facebook to Amazon due to limitations in Facebook's targeted capabilities.
- Amazon's ad business is growing, making it the third largest digital ad company, with a 19% increase in revenue in the fourth quarter.
- Robin Golf's CEO, Peter Marler, has stated that they are actively moving their budgets away from Facebook's parent company, Meta.
- Facebook's parent company, Meta, has reported its third straight drop in revenue.
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Meta asks managers to get back to making things or leave
- Mark Zuckerberg's company, Meta, is undergoing organizational changes.
- Many managers and directors are being asked to transition to individual contributor roles or leave the company.
- The process is being referred to as "flattening" internally.
- Higher-level managers will be communicating the changes to subordinates in the near future.
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Facebook co-founder funds research into cooling the Earth with sunlight reflection
- Facebook co-founder, Dustin Moskovitz funds research into Sunlight Reflection
- Sunlight Reflection, also known as Solar Geoengineering, aims to temporarily cool the Earth.
- The funding will support research into the potential benefits and risks of using Sunlight Reflection as a tool to mitigate climate change.
- Moskovitz has been actively supporting research into new solutions to address the global climate crisis.
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How Meta alert helped cops prevent a suicide bid in UP’s Ghaziabad
- A 23-year-old man from Uttar Pradesh attempted to live stream his suicide on Facebook but was saved by police after being alerted by Meta.
- The man had recently suffered a financial loss of ₹90,000, which was meant for his sister's wedding, and was under distress.
- The police were able to locate the man's home in Ghaziabad within 15 minutes of the start of the live stream with the help of Meta's information and the quick action of the Vijay Nagar SHO.
- The man was counseled by the police and his family members, and is now back in Kannauj with them.
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Facebook drains users' batteries on purpose: Meta's ex-employee
- Facebook apps are said to have a secret function of draining a user's smartphone battery. This is allegedly done for the purpose of testing app features and image loading.
- The process of intentionally reducing battery life is referred to as "negative testing."
- George Hayward, a former Facebook employee and data scientist, has claimed that he was terminated from the company for refusing to participate in such negative testing practices.
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Robot vacuum cleaner took photo of woman on toilet that ended up on Facebook
- Fortune reports that images of a woman sitting on a toilet seat were taken by a robot vacuum cleaner and uploaded on Facebook.
- A third-party AI provider leaked the data, prompting experts to warn about home tech.
- The publication added that a development Roomba J7 series vacuum cleaner took the photo.
- But after the leak, iRobot cut ties with the third party and opened an investigation, the Fortune report said.
- The EU and US are considering regulating AI, with the EU announcing plans for a broad standard.
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Apple & Meta fall off Glassdoor's list of best places to work
- Tech companies dominate Glassdoor's list of the 100 best places to work in 2023, but two regular winners, Apple and Meta, did not make the list this year.
- Tech remains the most-represented industry "said Glassdoor lead economist Daniel Zhao. “Tech has been a roller coaster through 2022."
- Meta dropped from #11 in 2021 to #47 last year. Apple was #56 last year after being #31 in 2021.
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Mark Zuckerberg says WhatsApp recorded 25 million messages per second during the FIFA WC final
- Mark Zuckerberg recently posted on Instagram story that “Leo Messi’s World Cup post is now the most liked in Instagram history''.
- CEO of Facebook also says WhatsApp reached a record 25 million messages per second during the final.
- Argentina, under the direction of Lionel Messi, won the FIFA World Cup 2022. During the month-long competition, the tournament reached a number of significant milestones.
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