The European Union on Monday issued Facebook parent company Meta with a list of objections over of its online classifieds business, Facebook Marketplace.
These are the stocks posting the largest moves in midday trading.
Members of Meta’s Sourcer Development Program allege they are receiving inferior severance packages compared to other full-time workers.
Meta Platforms fired or disciplined more than two dozen employees and contractors who took control of user accounts, according to The Wall Street Journal.
Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg told employees on Wednesday.
The layoffs could impact thousands of employees, according to The Wall Street Journal.
Meta shares are down roughly 73% over the past year, putting the social networking giant at the bottom of the stock market index.
Shares of U.S. social media companies Snap and Meta spiked on the news that a Federal Communications Commissioner said the U.S. government should ban TikTok.
Two VR creators discuss trying to make money in Meta’s Horizon Worlds when Mark Zuckerberg’s big metaverse bet is losing billions of dollars.
While Apple gave Wall Street a reason to cheer, the other Big Tech companies showed how challenging the economic environment has become for their businesses.
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}